10 Acres for rent, what should I charge?

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rparkman

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Hi,

I am off to Australia and we have 10 Acres in Somerset to rent out. It is all devided and fenced with permenant fencing has water in the main field and 2 stables but no electric.

I have someone interested in the land but we have no idea what the going rate for good land in Somerset is.

Can anyone help,

Thanks Robyn :eek:
 
You could be really bold and get them in to value it for you? Then you could privately rent it for around the same price. Some will do it for free. Its kinda a bold thing to do but....
 
Tricky one. As a guide, agricultural rent here in Cornwall is around £60 per acre per year. however, equestrian value is a different ball game.

I would find out the cost of livery for similar in your area and go somewhere in between. I would guess about £100/120 per month but would strongly suggest you speak to a land agent, if only to obtain a value.
 
I am just about to agree to pay £50 per week (plus water) for 3 stables and 3 acres of not very good grass. Sole occupation, but no bells and whistles like electricity or menage. On a busy road, and a good 10-15 minutes away from the forest. All maintenance down to tenant. I have been after this field for a very long time, as it is close to my house. Round here there is so little about, places like this go on word of mouth and are snapped up like gold dust. I am southern New Forest

£50 per acre per year is typical agricultural rate round here, but it is virtually impossible to find it up for rent in the first place.

Is there nothing advertised in a tack shop you could use to compare with? Even what the going rate for livery at a yard is? People will always pay a premium for sole occupation just as much as a yard but for less facilities just to get away from yard politics and do their own thing.
 
I pay £240 per month for 7 acres very good grazing. If I want upto 16 acres then the farmer will charge me £800 per month. No stables, water, etc. Just grass. I'm north scotland.
 
Mimi - that seems VERY expensive :eek:. I'm from NE Scotland and would be astonished to pay that! I now live near Edinburgh, where land is far less plentiful for horses, and pay £100/month for 10 acres. I admit that the soil is clay so I do struggle with it a bit, but even so....

On the other hand, there is a field right beside my house that the farmer won't rent. If he did, we'd pretty much pay anything for it :rolleyes:
 
rates in sw inc somerset is £15 per horse/acre for basic grazing per week.
grazing in somerset is rarely available so it would b snapped up.
so 10 horses max on 10 acres.£150 week
 
now_loves_mares said:
Mimi - that seems VERY expensive :eek:. I'm from NE Scotland and would be astonished to pay that! I now live near Edinburgh, where land is far less plentiful for horses, and pay £100/month for 10 acres. I admit that the soil is clay so I do struggle with it a bit, but even so....

On the other hand, there is a field right beside my house that the farmer won't rent. If he did, we'd pretty much pay anything for it :rolleyes:
Click to expand...

Lucky you! That's a very good price. I'm in Inverness and when I read on here what others are paying for more expensive areas I think I'm being done! Needless to say I make do with the 7 acres rather than the 16! Not sure where my farmer gets his prices from as it's a bit of a jump upto £800 for the 16 acres.
 
I'm in Cornwall and rent around 6 acres with running water, 2 stables and a barn (which i use for hay but could easily be used as 2 stables for 2 small ponies), there is also amazing riding around there. I pay £250 per month.
 
Im in Wilts so closer to you, I pay £26 per acre per month, I have a good boundry fence but I have to split the area with my own fencing, there is one trough so I have to bucket water to other areas. I have to weed kill, manage the ground and there is no stables/shelter, I had to provide my own.

As you have stables I think this raises the price, why not get a valuation from a local estate agent or ask local yards what they charge.
The problem with charging per horse is who is there to police it? You are far better renting the whole area to someone who will maintain it for a set amount.
 
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