Buying fields with stables

[pretendhorse]

I'm not posting this under my normal user name because I need to keep it under the radar!

I may have the opportunity to purchase a few acres of land with some old stables and 2 small shelters on it. Its very much a 'may' because there is a property developer also interested and if there's the chance of planning permission then the price will go sky high.

Just so I can make sure I'm not caught out by any major costs can anyone who already owns something similar let me know the situation on;

- any ongoing rates (its not a business at the moment and I will have it for private use only)
- approx insurance cost. I know I haven't given much to go on, but any idea will be helpful
- it looks like it falls way under the stamp duty threshold but are there any other buying costs apart from usual solicitor fees?

Thank you

 

[meleeka]

How exciting! I hope you get it. I don’t pay any rates for my 2 acres with stables. I have smallholders insurance which is about £250 per year. i can’t remember how much solicitors cost, but it would have been hundreds rather than thousands.

 

[Abby-Lou]

Small holders insurance £350, solicitors fee £1,500. Just seen three acres advertised for £150,000 near me and two very old stables (near collapse) it must be up for planning permission at that gob stopping price

 

[scruffyponies]

Small holding insurance includes loads of things you may not need. I only pay 3rd party liability insurance for my land. It's about £150 for 12 acres with a river through it.

 

[canteron]

Does it have water (water rates) if not there will be costs for getting a water bowser - of however you choose to work it - to the site.

 

[canteron]

Another thought. Lots of parcels of have a clause that if in the future the property gets planning permission on it the vendor gets a % payback - you may be able to use that to your advantage in negotiating.

 

[The Xmas Furry]

Small holders insurance £350, solicitors fee £1,500. Just seen three acres advertised for £150,000 near me and two very old stables (near collapse) it must be up for planning permission at that gob stopping price

Lol, that's cheap..... I posted this on another thread the other day, adjacent yard, 4 stables 2 acres (advertised as 3 acres)power and water on, shared main gate but own plot fenced.
Offers over 250k. Has had lots of interest. (In a sang area, so definitely will not get any planning for accom)

 

[Honey08]

Who do you all use for your small holding insurance?