hmmm Land? is it worth it?

W

wizzi901

Well-Known Member
Joined
30 October 2006
Messages
2,667
Location
OXON
www.pony4u.co.uk
We have been offered a large piece of grazing land/stables etc, for very good price and local to us also....

Having added up what it would cost us to buy, and what it costs us now, I am not convinced after adding up all the work that would also need doing over the years, that it is much cheaper than the pittance I pay now to rent a yard and land?

Other than security of knowing where you will be with your horses, what other benefits make it worthwhile to buy land? - its really a matter of if I carried on with the horses and lived til I was 80, its going to cost the same!!!

Plus, it has restrictions as far as planning so never going to be beneficial for building house and living there, which would have been a major deciding factor!!

The other thing is more land, I would collect more horses and we are up to 5 owned already!!?

So come on, what are the benefits!! - discuss! (trying to talk myself into it!)
 
The real bonus is that you know no-one will be able to evict you from your land. The person who rents you cheap horse accommodation could sell up and you would be stuck with nowhere to go.

The value of land only ever goes up, even if it goes up slowy and you can always sell it. Any improvements you make, will be benefits for you, rather than your Landlord.
 
Buy it and rent it out for more than you pay out...have the best of both worlds and make extra money. In the future, planning restrictions may change or land prices may increase..or rather than risk getting more equines, split it and rent half and use half..
 
Investment!!!! like renting or buying a house, when you have no further use for it you will be able to sell it, so all the money you would have put into livery you will get back, and some, i should imagine
 
I think the only benefit is the security of tenure aspect. I was renting two fields within a couple of hundred yards of each other; one on a 10 month lease from the local council and the other on a 364 day lease from Southern Water. Worked out perfectly except that Southern Water decided to sell their field so I'm now hunting for another field for December and January . . . . .

There was a yard and land for sale near me for well over a year. It was 4 stables, tack room, mains electricity and water and just over 4 acres of land. It is on the main A36 with the New Forest on the opposite side of the road (horrible to cross as v. busy so a pain for hacking). It started off at £150,000 and eventually got reduced to £130,000. No idea what the purchaser actually paid. Tha same estate agents had a similar set-up for rent a little while ago but there were only 2 stables. The rent was £10 per week per horse (I found out about a week too late
frown.gif
) It worked out far cheaper to rent than to buy, if you had to borrow the money to buy
 
A big draw to us for getting land apposed to renting was that although it would probably cost near enough the same each month, renting is 'dead money' i.e you are guaranteed never to see a penny return but you can invest in your land and see more of a financial outcome if you decide to sell.
We had rented for a good few years and if we added up all the money we paid for it over the years, we could of bought ou field outright.
 
My OH bought ours as a retirement fund! As more & more land is built on the small bits of land are only going to go up in value!

It cost the same as a new Landrover Disco - and I love the idea that I please my self, don't have to worry about other people, I also now have 2 retired horses one 33 the other only 14 if I had to pay livery I would/could not justify keeping them but they don't cost me any more in real terms, I plan to keep them both till the end. but I also have 2 lovely new yearlings.
 
I would buy without a second thought. I've bought and sold twice and both times made a heap of money. Land is going up very sharpely down here.

The other benefits are that you can do what you like, no- one's going to tell you to leave, planning laws do change. You can rent it out or have liveries. The obvious draw back is the initial investment and maintenance costs but in my experience it wll be worth every penny.
 
I would snap up the offer- been looking for land /stables for my 3 horses for ages- all near me gets bought quickly by developers....although that may change now... LOL...we worked out with the money we spend on rent it would be same/cheaper to own our own land...
 
Estate agent in devon told us last week land for grazing now fetching £7,500 per acre. Then sent us details of house with land nr or in Cornwall worked out at over £10,000 an acre?

How much land is there with what you are being offered? Is there water and electric?
 
Looking at some of the replies, I think it depends a lot on how much the land is compared to renting costs. Round here land is eye-wateringly expensive so renting is definitely cheaper. I rent just over 4 acres for £700 a year. To buy 4 acres would be in the region of £100,000 . . . . . I would have to live (and rent) for a very long time to make renting more expensive than buying!

Have a look at this site.
http://www.w-w.co.uk/farmResults.php?s=3

It's amazing the difference in the cost of land in different areas . . . . I wish the the one near Malmesbury was near here but if it was it would be twice as much . . .
The 4 acres at Godshill for £100k has been for sale for a very, very long time (not surprisingly)
 
If you can afford to buy it then I would.

With the extra land, instead of purchasing more horses you could cut enough hay for yours and possibly have some left over to sell
 
Land is going up and up in value.
We bought 180 acres last year for £3000 an acre.
Its now valued at £8 - 10k an acre.
If you can afford it do it.
Best pension you'll ever have
 
Just enquired about land near me: 2.8 acres with a donkey shed on it....

Expected it to be about £10k an acre, but no, it's £20k+. Guide price is £60k! I'm shocked.

Could never afford that however much of an investment it may be.
 
[ QUOTE ]
My OH bought ours as a retirement fund! As more & more land is built on the small bits of land are only going to go up in value!



[/ QUOTE ]

That is exactly what OH and I did. Our land has already trebled in value - in 7 years. At the same time, we can keep our horses in the way WE want with no interferance. Land is very worthwhile buying, and Planning does change, as we know!! Go for it.
grin.gif
 
Many thanks for your replies, the fact that renting is dead money is very true and I hadnt really taken that into consideration as I would a house! - also a retirement fund seems a very good idea, as does haymaking....its all kinda looking more like the sensible financial thing to do.....
 
You must log in or register to reply here.
Top