How much would you offer for land?

[Nasicus]

There's some land up the road from me, 0.6 miles from my home.
It's part of three fields, all on a hill side. Total about 9 acres.

The field I'm interested in is about 2 acres, and is on the end with it's own (slightly awkward but manageable) gateway/entrance from the road, so by all accounts separate from the other two fields.

The land owner is/was owner of my old private yard (sold/selling for housing). This location has been totally denied planning permission.
No water on site, but water infrastructure does run under the field. Bringing water from home is do-able, I did it most of last summer during the heat wave to a location 6 miles away.

What would you offer, if you were to approach the Land Owner about it? I don't want to offer too low and offend anyone, equally I don't want my ignorance to result in price gouging!
He might not want to sell, but hey, don't ask you don't know!

 

[Patterdale]

Ask them. Depends on too many variables, but be prepared for 20k+ an acre for small parcels.
Good luck!!

 

[Nasicus]

Ask them. Depends on too many variables, but be prepared for 20k+ an acre for small parcels.
Good luck!!

Ouchie!

 

[Nicnac]

Doubt they'll sell the only field with road access (as that is how your post reads). If I were the owner it would be all or nothing. You'd get a far better price per acre if you bought the lot. You don't say where it is so difficult to give a price. Far cheaper in Lincs vs. Surrey!

 

[Nasicus]

Doubt they'll sell the only field with road access (as that is how your post reads). If I were the owner it would be all or nothing. You'd get a far better price per acre if you bought the lot. You don't say where it is so difficult to give a price. Far cheaper in Lincs vs. Surrey!

Ah no sorry it isn't the only one! The 'main' field has much easier access from the road, and a little yard area with ramshackle stables.
The thought about it all had crossed my mind, but despite how unpleasant the current tenant has been to me, I wouldn't want to see her turfed out (but quite frankly if I did buy the place, I wouldn't want her around).

I guess I better speak to the YO and see what he says! And fwiw it's Devon.

 

[Goldenstar]

If you don’t ask you will never know just do it.

 

[dorsetladette]

Local to me land prices sit around the 20k mark per acre whether its good bank or indifferent these days. More if you put the 'equestrian' label on it.

He might take less for a quick hassle free sale if it definitely won't ever get planning on it.

Regarding water. I have been quoted £3k by the water board to put water into my place. This runs across my drive so no need to close roads etc etc and we will do all the digging and install the tap and pipe work from the meter onwards. They will literally be installing a meter and connecting up our pipe then filling a hole. So expect to pay a fair bit to get that installed - maybe this could be discussed to reduce cost - even if you don't go on to put water in for yourself.

 

[The Xmas Furry]

Ask them. Depends on too many variables, but be prepared for 20k+ an acre for small parcels.
Good luck!!

If in my immediate it's more like 80k+ per acre for anything under 7 or 8 acres, more if it's got any utilities on, and more again if any livestock or equine buildings on, however tatty.
NW Surrey isnt cheap.....

 

[tda]

I'd probably estimate £10-15k per acre if you were buying the whole thing.
For 2 acres £25k +++++++++ Penelopes pony paddock, smaller lots always go for disproportionately more

 

[Dasher66]

Is it within a village “envelope“, or adjacent to a village? Or in an aonb or conservation area?

 

[SEL]

For the whole lot you're probably looking around £200k from recent adverts I've seen. He may want to sell as one package in which case harden your heart and ask for vacant possession.

 

[Nasicus]

Thanks for the replies all, lots to think about. Sounds like I need to put my big girl pants on and ask the question lol

 

[GoldenWillow]

Have a look on local land agents sites or estate agent's if they do rural and see if there are any similar acreages either up for sale or have recently been sold. I keep an eye out for land parcels around 2 acres to have an idea of what ours is worth, two recently have been sold with 100% variation in price.

 

[Nasicus]

Have a look on local land agents sites or estate agent's if they do rural and see if there are any similar acreages either up for sale or have recently been sold. I keep an eye out for land parcels around 2 acres to have an idea of what ours is worth, two recently have been sold with 100% variation in price.

I've been doing so for a while, but most of the land sold around here seems to be larger parcels/farms being divvied up into smaller (but still large) lots. I know a friend bought 3 acres a couple miles up the road/into the countryside a few years back, but I think she paid a fair whack as there was developer interest when it went to auction.

 

[sarcasm_queen]

We lived in Devon about 7 years ago. 6 acre field for sale next to us. Road access. No facilities, no water/electric. Most of it not fenced. Very very slim chance of getting PP because it was pretty near Dartmoor (not in it but close enough to be a problem apparently). Sold for £120k

 

[CazD]

People close to us bought a 26 acre parcel of land about 2 years ago for just over £200k. Then divided it up into smaller parcels and sold them for £16k an acre. All sold very easily. Pony paddocks are very in demand. None had water. All had road access, altho 2 had shared access.

 

[Merry neddy man]

I've been doing so for a while, but most of the land sold around here seems to be larger parcels/farms being divvied up into smaller (but still large) lots. I know a friend bought 3 acres a couple miles up the road/into the countryside a few years back, but I think she paid a fair whack as there was developer interest when it went to auction.

Check if it comes as a whole lot free of tennant. Ask him for a whole lot price, 3x single lot prices nothing ventured nothing gained, if it's not yet advertised get in QUICK before any one else does.

 

[PeterNatt]

I would ask him how much he wants for the complete 9 acres and see what he says.

 

[Spotherisk]

I’m in Devon (in the National park). My neighbours 7 acre field with an older three box stable block, borehole but no water and needs completely re fencing was up for £250k and there were two people fighting over it…. This was in the last two months.

 

[Trouper]

I think I would do my homework by asking an agricultural estate agent. Land prices can vary enormously depending on the quality of the pasture and all the other things you mentioned - to say nothing of the market. Only when you have the facts can you pitch a realistic offer.

 

[blitznbobs]

LAND is dear at the moment. YOu probably won't get a look in at under 20K but tbh I doubt they would split it anyway, it makes the rest less sellable.

 

[meesha]

3 acres near me went for £80k, water and gateway to road. 2.35 acres18 months ago £42k again water and gateway.

 

[SilverLinings]

If you can't find any similar plots online to get an idea of price then I'd ask a land agent for an estimate. I would ask the owner first whether he may be interested in selling and whether he has a price in mind, if he says yes then I would ask if he would let you have an agent take a look to give you an idea of value. If the agent values it at a lower cost than the owner wants, then you need to think about what it is worth to you, and then put your bargaining pants on!

I agree with other posters that if you can afford it it would probably be more cost efficient to buy the whole lot. You could then either rent out the excess, sell it now, or sell it in a few years time. Land won't go down in price (especially as greenbelts seem to keep shrinking and land for development spreading) so it would be a good investment if it is affordable for you. Good luck

 

[Nasicus]

Thanks all, lots to go on!
I'll try and catch him when he's at his office (shed!) on the adjoining property and have a chat with him!

 

[Lucky Snowball]

I’m on Dartmoor. If you can put up a shelter then you can collect rain water into a tank. I’d ask price for whole and just one field. You could sell what you don’t want. Good luck.

 

[SantaVera]

Offer at least double agricultural value.

 

[SantaVera]

I'd probably estimate £10-15k per acre if you were buying the whole thing.
For 2 acres £25k +++++++++ Penelopes pony paddock, smaller lots always go for disproportionately more

I'd double this.

 

[windswoo]

Buy the whole lot if you can.
Getting rid of the tenant is the sellers problem not yours. If you don't get on with them already why would you want them as a neighbour.
We bought 9 acres 13 years ago and now it is probably too big for what we have, but we will make a tidy sum if we decide to sell, so a good investment.