cheap equestrian property

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madeleine1

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hi im 22 and been with my bf for 8 years.

he has a job and im just finishing my degree.

with a small amount of dads backing so we dont have to get a morgage but we have to pay dad bad instead we are looking at buying a house with hopefully between 2 and 4 acres and semi rural. i dont want neighbours be want to be withing 10 or 20 mins of a decent sized village or town. we want to be in north, north east lincolnshire or lincolnshire.

we dont care if the house isnt livable in straight away and are really looking for a project. we will have around 10,000 deposit and then be able to afford around 1000 a month max but as we are paying dad back this isnt crucial.

do places exsist that are cheap with a little bit of land and where do you look for them as normal online property sights just show me terrace houses and id rather live in a tent.
 
It's still not clear what your price range is (what your dad's putting in, and if I've got the gist of this right, the deposit is moot)...
 
yer the deposit is moot but we will be giving it to dad to start the paying of straigh away and the budget is up to about 150,000 depending on what it is would rather pay 75 to 100. really would accept a project tho and can accept the fact we might have to live in a caravan etc for a bit while we worked on the place.
 
Don't realistically think you'll get anything with land for 75k-100k, most semi detached houses on estates are fetching 125 xx
 
If 100-150 grand is your budget, and you want some acreage I would recommend looking further north than Lincolnshire. Some great deals to be had in Scotland - especially on the northern isles but then you have to consider employability in those areas too ...

Look on websites like Rightmove, but also consider private house and land sales through websites like PreLoved.

For the type of budget that you have, I would consider buying some land and building your own house. In this area, 5 acres comes to just above £155,000 - but then you have to consider the costs of building your house on top of that, the planning costs etc, etc ... The advantage of building your own, rather than renovating, is that you could build more of an eco-home and therefore bring down your monthly expenditure on things like heating and electricity bills. Also, if you are very savvy about, there are EU grants that you can apply for to help create eco-homes.
 
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sophiebailey said:
Don't realistically think you'll get anything with land for 75k-100k, most semi detached houses on estates are fetching 125 xx
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we dont need a house. happy with a barn with planning permission or a bungalow. also i said upto 150. so 125 would be fine but then would hope for a semi detached not a bunaglow. also dont need to get the doing up costs out of the budget as dad me and bf will do it on a budget as we have done our current home and 14 sheds. however we inherited this house so neither gone looking for one.
 
EmsHooper said:
If 100-150 grand is your budget, and you want some acreage I would recommend looking further north than Lincolnshire. Some great deals to be had in Scotland - especially on the northern isles but then you have to consider employability in those areas too ...

Look on websites like Rightmove, but also consider private house and land sales through websites like PreLoved.

For the type of budget that you have, I would consider buying some land and building your own house. In this area, 5 acres comes to just above £155,000 - but then you have to consider the costs of building your house on top of that, the planning costs etc, etc ... The advantage of building your own, rather than renovating, is that you could build more of an eco-home and therefore bring down your monthly expenditure on things like heating and electricity bills. Also, if you are very savvy about, there are EU grants that you can apply for to help create eco-homes.
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cant look further north as both our jobs are in lincolnshire and i cant do the project without dad so has to be the areas i said.
also in our part of lincolnshire all the houses that a a normal four bedroom house is 150,000.
i was probably hopefully thinking if we brought a shell with only space for 2 bedrooms we would be able to afford the space.
 
The best thing you can do is call around local estate agents for Lincs, I've lived here all my life and I'm STILL looking for a property like you say for that price range!

Prime building land is also different to agricultural land, the minute you mention building and renovations, then a couple of 00's are added to the price, and certainly DON'T expect East Lindsay council to look favourably on any plans you have if you settle in their area!
 
DragonSlayer said:
The best thing you can do is call around local estate agents for Lincs, I've lived here all my life and I'm STILL looking for a property like you say for that price range!

Prime building land is also different to agricultural land, the minute you mention building and renovations, then a couple of 00's are added to the price, and certainly DON'T expect East Lindsay council to look favourably on any plans you have if you settle in their area!
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i know this lol thats why i dont want to just buy land and add a house.
just to be the devils advocate do these propertys exsist for 180,000
 
My friend lives in Lincs, and it always seems really really cheap for equine properties. That said, what you've described is about £200,000+.. Keep looking, something may come up.

Still not sure if u meant that you needed a mortgage or not.. that would be a factor if you do..
 
Honey08 said:
My friend lives in Lincs, and it always seems really really cheap for equine properties. That said, what you've described is about £200,000+.. Keep looking, something may come up.

Still not sure if u meant that you needed a mortgage or not.. that would be a factor if you do..
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no we wouldnt need a mortgage, dad would just pay cash then we would pay him back.
thank you for all your replies by the way, it is giveing my something to think about.
 
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Hi there, you need a 10% deposit min so if you buy at £150k you need 15k deposit plus solicitors costs, stamp duty, survey costs etc so realistically to buy a place for 150k you need a minimum of around 18 k not 10 k this is also assuming your earnings are enough for a lender to consider you. Before you do anything else sit down with a mortgage broker and see what is realistic with your finances.
If you buy a project do you have extra money to renovate as anything with land could be costly to run monthly and to renovate. If you buy a total shell chances are it may not be mortgageable or the could be a retention held by the lender whilst certain works get carried out.
Not putting a downer on it just be aware of the potential pitfalls of buying a home needing work.
 
Farma said:
Hi there, you need a 10% deposit min so if you buy at £150k you need 15k deposit plus solicitors costs, stamp duty, survey costs etc so realistically to buy a place for 150k you need a minimum of around 18 k not 10 k this is also assuming your earnings are enough for a lender to consider you. Before you do anything else sit down with a mortgage broker and see what is realistic with your finances.
If you buy a project do you have extra money to renovate as anything with land could be costly to run monthly and to renovate. If you buy a total shell chances are it may not be mortgageable or the could be a retention held by the lender whilst certain works get carried out.
Not putting a downer on it just be aware of the potential pitfalls of buying a home needing work.
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yes thanks i know about these. this is why its easier for my dad to buy it and any money incured will be added to the money dad spends and charged to us eventually. i was more trying to find out if these places exsist. but thank you i know that the extras are important.
 
Move to Wales lol (know that's not possible)

Couple of auction properties with 30+ acres of land with house and outbuildings have been going £150k or less.

Auctions are your best bet
 
madeleine1 said:
bump to see if there is any other opinions
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Yup, I've just been looking around there and IMHO for your budget you could get a couple of acres of land as a building plot with planning. That of course means if you want to live on it in a mobile home you have to get planning to do that whilst you are building and if you don't start building within a specified period of time the planning lapses plus you will need to get all services put on (and that can be pretty expensive) as well as planning permission for your stables etc. If you want a house stick another hundred grand on the budget.
 
I have seen a few around lincolnshire for bargain prices, more like a bungalow with paddocks. A smallholding if you will. Have you looked on Horsemart? There are quite a few plots of land come up on there but you would just have to keep an eye whether any are even worth applying for planning as quite a lot of them are arable land, but good luck! Would love to do a project like that, jealous!

Have you thought about one of those timber frame houses? I love them and the set up costs are *fairly* cheap once you've got the land, they need maintenance over the years and it is hard to get a mortgage but you would have an advantage in not needing to worry about that :-)
 
My friend started off with a semi and a large garden. They built two stables and a small all weather turnout area. They kept their two horses there during the winter and rented a field during the summer. You could do all that for your budget, but not get a place with acreage, Im afraid.
 
Hi

How about thinking outside the box?

Buy a small piece of land with Planning for a park home caravan etc, then try to find another piece of grazing land within 1 or 2 miles. This might work out cheaper. Plus a lot of the park homes now are rather nice.

Remember you don't need on grid electricity which can cost up to £45k to put on site; an array of solar, wind turbine , generator and batteries can do just as well.

Mains water doesn't need to be essential, boreholes can be very effective and work out cheaper, here to put mains water in is £16k a bore hole is £6k and the waters free, I think you don't need a license if your drawing under 20 cubic metres a week and thats 20,000 litres.


How about this to start you off

North Somercotes Only an acre but you hve options here and buildings maybe able to find extra land nearby. Contact a few local farmers look in local papers.

http://www.uklanddirectory.org.uk/land-for-sale.asp?id=15591

If not try to find out who is being reposessed and buy them out. Also study local papers for anyone dying or probates going through.

Good luck
 
EmsHooper said:
If 100-150 grand is your budget, and you want some acreage I would recommend looking further north than Lincolnshire. Some great deals to be had in Scotland - especially on the northern isles but then you have to consider employability in those areas too ...

Look on websites like Rightmove, but also consider private house and land sales through websites like PreLoved.

For the type of budget that you have, I would consider buying some land and building your own house. In this area, 5 acres comes to just above £155,000 - but then you have to consider the costs of building your house on top of that, the planning costs etc, etc ... The advantage of building your own, rather than renovating, is that you could build more of an eco-home and therefore bring down your monthly expenditure on things like heating and electricity bills. Also, if you are very savvy about, there are EU grants that you can apply for to help create eco-homes.
Click to expand...

VERY unlikely in the Northern Isles! House prices here are in line with the national average unless you go out to one of the more remote islands and employment opportunities there are scarce (think island populations in the region of 100people max).

House prices here are not far off Scottish mainland prices now- comparing areas online- you can get more for your money within an hour of Glasgow and Edinburgh for standard properties (i.e. without land) than you can up here! :)
 
I reckon you might just about get there, my neighbours bought their ruin of a cottage with planning to extend, 5 acres of land and a couple of small outbuildings for £130K in a much better market few years ago...
Fens is where you want to look :)
 
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