Valuation of Ransom Strips

Question 1

What is a ransom strip?

Answer 1

A piece of land which controls access to another piece of land.

Question 2

What does the Upper Tribunal (Lands Chamber) suggest the valuation of a ransom strip should be?

Answer 2

In the order of 15% to 50% of the development value unlocked by the inclusion of the ransom strip within the proposed development scheme.