bluewhippet
Well-Known Member
don't have a clue about this and wondered if anyone could point me in the right direction as a start. Is it a good investment at the moment? ie is it cheap, like houses are? How do I work out value per acre?
Buying land
- Thread starter bluewhippet
- Start date
martlin
Well-Known Member
what sort of land are we talking?
In general, land is always a good investment long term, as they don't make any more
Small parcels are more expensive per acre than large. If it's pasture you are looking for land/agri estate agents are a good place to start. Which part of the country are you in?
In general, land is always a good investment long term, as they don't make any more
Small parcels are more expensive per acre than large. If it's pasture you are looking for land/agri estate agents are a good place to start. Which part of the country are you in?minigal
Well-Known Member
Well they don't make it anymore is what I was told!
Land prices - vary so so so much..2 acres near me went for nearly 90k recently...thats silly money. I paid much much less than that for 3 acres, 10k an acre seems to be the price mentioned by most people but of course you need to look at what extras you are getting eg: fencing, stables, water, electricity....
Land prices - vary so so so much..2 acres near me went for nearly 90k recently...thats silly money. I paid much much less than that for 3 acres, 10k an acre seems to be the price mentioned by most people but of course you need to look at what extras you are getting eg: fencing, stables, water, electricity....
bluewhippet
Well-Known Member
South West near Longleat. Very desirable part of the world in terms of property just wondered if land was comparable?
martlin
Well-Known Member
http://www.uklandandfarms.co.uk/Sea...PageSize=10&categoryOnly=0&selectedDate=0&kw=
there you go, have a browse
it will give you an idea about prices
there you go, have a browse
it will give you an idea about prices
jeeve
Well-Known Member
what a bargain, I wont tell you wont my 12 acres cost me.
teasle
Well-Known Member
Did you HAVE to post that link martlin just think of the time we will spend day dreaming !
pottamus
Well-Known Member
You or the seller of the land need to have the land valued and that does depend on the size of the plot and where you are in the country. I would say that land is deffinately not cheap, unless you can buy it in bulk...small pockets of between 2 and 7 acres go for huge sums and is basically down to who has the deepest pockets.
We have recently bought 2 acres opposite our house and ended up paying £50k for it...which was driven high because it had perceived added value to our property. But other plots of a similar size, some with stables and some without have all gone for anywhere between £50k and £80k for 2 - 5 acres!!! Mental! We only purchased ours at an inflated price because it adds value to our property but if it was a field somewhere in no relation to our house we would not want to be paying that sort of price for it.
We have recently bought 2 acres opposite our house and ended up paying £50k for it...which was driven high because it had perceived added value to our property. But other plots of a similar size, some with stables and some without have all gone for anywhere between £50k and £80k for 2 - 5 acres!!! Mental! We only purchased ours at an inflated price because it adds value to our property but if it was a field somewhere in no relation to our house we would not want to be paying that sort of price for it.
Tillypup
Well-Known Member
A land agent friend of mine has told me that parcels of land are selling really well at the moment.
The value of the land depends on many variables, location, access, chances of development (hope value), if the purchaser is a "special purchaser" ie, buying land next to their house.
The value of the land depends on many variables, location, access, chances of development (hope value), if the purchaser is a "special purchaser" ie, buying land next to their house.
MagicMelon
Well-Known Member
£10k an acre? Wow, its 1/2 price up here then! I sell property as my job and valueing is a big part of it - I'm saying £5k an acre for nice horsey type grazing. I've been looking to buy a house with land and the last one we saw had a 4 bed house on it (liveable but needed upgrading) with 3 huge outbuildings / steadings and 9 acres of lovely grazing AND it had forestry for hacking right behind - all that for £170k asking price!
The Fuzzy Furry
Old Timer
Round these here parts, land appears to be going for about 10 - 15k per acre up to 6-8 acres or so. If the land has buildings on (stables, barn etc) then add up to another 10k per acre!
Eg, 5 acres with 2-4 stables is not going to be under £100k minimum.........
Eg, 5 acres with 2-4 stables is not going to be under £100k minimum.........
The Fuzzy Furry
Old Timer
I'm moving! Please send me details!
(bet I'd need a 4wd all winter tho? - no corner shops for daily paper in (short) walking distance either eh?)