Debate Magazine

£150 Per Square Inch.

Posted on the 08 November 2013 by Markwadsworth @Mark_Wadsworth
From The Evening Standard: Chelsea property experts said the sites could be worth as much as £1 billion when fully developed.  Ed Mead of agents Douglas & Gordon said the 3.5 acres would sell for up to £350 million — some £100 million an acre — but would be three times as valuable after being built on.  £100 million for one acre* (4,840 square yards) = £200,000 per square yard. £200,000 per square yard = £150 per square inch. That's like a knee-deep stack of £1 coins on each square inch.  * In contrast UK farmland sells for up to £10,000 per acre for the best stuff.

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