An acre of land costs different amount of money depending on where the land is situated. It also depends on the quality of the land, and whether it is cultivatable or not. The availability of resources and weather conditions also affect the price of an acre of land. Grazing land is more valuable than pastureland. The lot of land with two wooden panel sheds and mains water is valued at £7,300 per acre rather than the lot of land with no water or sheds which is only valued at £5,850 per care.