Equestrian land value

[ihatework]

Would be interested in general thoughts to approx value of below, for insurance and pension planning. I’m currently going on what I paid for it as agricultural land plus what I have spent to get it ready.

South cotswolds location
6 acres split into 2 paddocks.- mildly undulating and well draining (brash).
Road access and mains water (no electricity)
400sqm hardstanding - split into parking and an all weather pen.
New good quality timber 36x12 shelter that can be converted to 3 stables. Located in the pen with open access to each paddock.
Excellent hacking with direct access to byway.
Very unlikely to ever get planning for house.
Private equestrian use (full planning)
Boundary’s most hedge with some wall. Inner new horse safe perimeter fence.

 

[Abacus]

I will PM you

 

[SEL]

I've seen anything from £250k upwards recently in the S East.

 

[teapot]

Just to give you an idea of what’s what in West Sussex…

Check out this Land for sale on Rightmove

Land for sale in Highground Lane, Barnham, Bognor Regis, PO22 for £2,500,000. Marketed by Stride and Son, Chichester

www.rightmove.co.uk

 

[SEL]

Just to give you an idea of what’s what in West Sussex…

Check out this Land for sale on Rightmove

Land for sale in Highground Lane, Barnham, Bognor Regis, PO22 for £2,500,000. Marketed by Stride and Son, Chichester

www.rightmove.co.uk

If that's really that price it's being sold for a housing development!!

 

[I'm Dun]

10 acres of damp grazing that floods in winter just sold for 170k in kidlington in Oxford. 3.4 acres, of drier but still damp land sold for 65k

 

[teapot]

If that's really that price it's being sold for a housing development!!

It’s insane which makes me think housing too, or someone’s added a nought £250k upward be right for West Sussex I feel.

Fairly sure that despite the road name it’s pretty waterlogged in winter too!

 

[ihatework]

I will PM you

Thanks, that was really helpful

 

[MidChristmasCrisis]

Expensive!

 

[Polos Mum]

Hopefully a lot more than you paid for it - comfortably £200k -£250k

You can speak to land agents who'll give you an idea - but be prepared for a wide range of views there. Before we did some work here we had ours valued and one was 60% more than the other (several hundred £k).

Do you need a value of the land for insurance? nobody can steal it or burn it - clearly buildings you know what they cost you so replacement cost is relevant.

 

[ihatework]

Hopefully a lot more than you paid for it - comfortably £200k -£250k

You can speak to land agents who'll give you an idea - but be prepared for a wide range of views there. Before we did some work here we had ours valued and one was 60% more than the other (several hundred £k).

Do you need a value of the land for insurance? nobody can steal it or burn it - clearly buildings you know what they cost you so replacement cost is relevant.

Thanks that’s helpful.
Based on what Abacus has given me I think 200k is a reasonable working assumption which is a little more than I have spent buying and developing

 

[Honey08]

It’s really ambiguous. So many factors can influence it.

We’re NW but we’ve just been offered a 1.5 acre field (medium quality grazing land) for £80k because it was close to our house.

Also, when they were valuing my father’s estate for probate the estate agent said it’s getting easier and easier to convert stables or buildings into houses.

Could you just get it valued? I’d say at least £200, probably £250.

 

[Nicnac]

Just to give you an idea of what’s what in West Sussex…

Check out this Land for sale on Rightmove

Land for sale in Highground Lane, Barnham, Bognor Regis, PO22 for £2,500,000. Marketed by Stride and Son, Chichester

www.rightmove.co.uk

that's ludicrous! Apparently next to a proposed housing development but all in Flood Zone 3 which is the highest risk. They'll never get anything near that!

To answer OP, ime if land is agricultural it's not worth much more than the average acreage price in the area so up to £300k max.

 

[Supercalifragilistic]

I was told by an estate agent last week that they value grazing land in Hertfordshire at £20k per acre. Obviously the fencing/water/shelter etc will impact on that value.

 

[YourValentine]

Thanks that’s helpful.
Based on what Abacus has given me I think 200k is a reasonable working assumption which is a little more than I have spent buying and developing

I've been looking and with the infrastructure you've described, I would think nearer £250k than £200k