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How many houses can you build on an acre?

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As to the number of houses per acre, this site says new housing was being put up at rate of 16 per acre in 2005 in Britain. There are about two acres per hectare. So taking the above £1.6m, that means £800,000 per acre. And that at 16 houses per acre means about £50,000 land cost per house.
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