15 replies to this topic

[DeeGeake]

Land wanted to start a small farm.

about 12 to 15 A of land with a building of some type will help and we have some cash to pay a finders fee.

What salt of money are we talking for good land we can work?

[surreydodger]

Hi DeeGeake,

It's always difficult giving a price for land as there's many varying factors. Access and soil quality, condition of boundary fencing, location ( a big price mover) and if it has building/s then the condition and size they are in. A very rough rule of thumb for the south east would be £8-10,000 per acre for the size of land you are looking at.

[tim'rous beastie]

GTH report in last weeks western gazette spoke of land making ten to fourteen thousand an acre for smaller parcels like these.

There's an auction with a single block of 90_100acres coming up soon, guided at over half a million so they are cheap acres at first glance, looking forward to seeing the results if it goes to auction.

[micky1]

very dependant on locartion i find 10k an acre min though.

i got 100k to spend tops s i'd like 20 acres or say 15 with some buildings, river stream etc

[tim'rous beastie]

Hi Micky, where abouts in Somerset are you looking? I'll keep an eye open, it took me two years to get my field and its only six acres, couldn't get anything bigger without going over the 100k mark, there always seems to be a neighbour who wants it and knows this is probably their only chance to gety their hands on it. I'll keep my ear to the ground if you like

[DeeGeake]

Thanks to all I have taken it on board and may well have a rethink...

[tim'rous beastie]

The 90 odd acres i mentioned earlier was guided at 520000. It made over 750,000. Two determined neighbours perhaps?

I will sell you my field but please don't read my posts about my horrid neighbour

[Thegreatescaper]

I would say very dependent on location and size. A 22 acre plot has just become available on the outskirts of my village in mid Essex. It's high quality arable soil, has good access and a large road frontage with an amazing amount of passing traffic as it's on the main route to a nearby town, would be perfect for anyone wishing to follow the book but priced at "Offers in excess of £500'000" I doubt many will be lining up to purchase it, especially as the neighbour surrounding it on the 3 sides that are not road is an arable farm of over 1000 acres with just as good access, soil and passing traffic, that is up for sale priced at "offers in excess of £1'500'000, so no neighbours likely to be after it. To save others the maths, that is £1,500 and acre for the massive farm and £22,727 an acre for the reasonable sized plot!

I just need to find 3 people willing to buy the smaller plot for that money, break up the large plot and I can have the other 934 acres to farm, any takers ; ).

[shepie]

Think the price for the farm is just for the house and some land or you are reading from a 20yr old paper !

[surreydodger]

Be wary that where land prices seem exhorbitant that there may be some planning/development potential, hence the higher prces.

[sunshine]

I have just found a field of 3.785 acres near Melton Mowbary in Leicestershire up for auction in September for guide price of only £35,000. Has mains water and two buildings on site. Also has planning permission for an agricultural building 22m x 10m for livestock. Not sure why the guide price is so cheap its real horsey country sure it will get bid higher than that - I don't have the cash available yet to buy it wont have funds until early 2013 (just started looking) but anyone interested should check it out www.bentons.co.uk

[tim'rous beastie]

I have just found a field of 3.785 acres near Melton Mowbary in Leicestershire up for auction in September for guide price of only £35,000. Has mains water and two buildings on site. Also has planning permission for an agricultural building 22m x 10m for livestock. Not sure why the guide price is so cheap its real horsey country sure it will get bid higher than that - I don't have the cash available yet to buy it wont have funds until early 2013 (just started looking) but anyone interested should check it out www.bentons.co.uk

Guide price? Don't be fooled, they are low to attract buyers and often double at auction, especially for small lots like this and the bonus of P.P makes it even more likely to go sky high. Hope i'm wrong though! Good luck when you do start looking

[Cornish Gems]

The 90 odd acres i mentioned earlier was guided at 520000. It made over 750,000. Two determined neighbours perhaps?

I will sell you my field but please don't read my posts about my horrid neighbour

That reminds us of some earlier posts about the possibility of 2, 3 or more clubbing together to buy a large parcel of land and then splitting it up between them. Those 90 odd acres at £10,000 per acre should have realised £900,000. Alternatively, what one needs is the ability to buy that amount of land and then resell the acres one does not want. Simples! Huh - if only that sort of thing were possible for those of us having to watch every single penny!

Seriously though, if we could find 9 of us wanting to buy some land in a particular area, we could club together to buy it as a consortium in equal shares and then let parcels of it out to each of us. Councils do not seem particularly interested in the ownership of the land unless they are sending out a pcn.

Incidentally, there has been an ad in the Cornwall Farmers in Launceston for someone wanting 13 acres. Is that one of us or just a coincidence?

[Thegreatescaper]

Think the price for the farm is just for the house and some land or you are reading from a 20yr old paper !

Fair do's, I've never looked at prices for such a large farm until I saw your comment as I can't even afford a single acre at present, no house there, I just saw the sign driving past and thought it was a damn good deal, but seeing the prices that much smaller plots are fetching I suspect that they are be splitting it up into smaller plots or at least 2 plots using the misleading price/acreage sign to attract attention. Mind you in hindsight I do believe that the sign has been replaced as it's being marketed with a different agent now. The farm went on the market about 6 months ago and the 22 acres has only just gone on the market and the apparent price difference per acre (even taking into account that you get more for less in quanitity as with everything in life) shocked me, now I have an idea why.

[sunshine]

Guide price? Don't be fooled, they are low to attract buyers and often double at auction, especially for small lots like this and the bonus of P.P makes it even more likely to go sky high. Hope i'm wrong though! Good luck when you do start looking

Just to let everyone know the land I mentioned is still for sale! it didnt reach the reserve and they have put it up for £30,000

[tim'rous beastie]

Thats surprising Sunshine, are you going to be able to put in an offer and complete early 2013? if the vendors have waited this long another couple of months won't make much difference!!

I do wonder if there is a clawback/overage in the conditions somewhere, that has put people off, some of the terms are ridiculous: I bought some land from the Ehurch of England once, they wanted fifty percent for eighty years but we settled on 20, then I sold it.