One acre for sale - 60k

There's a plot near me that's less than 1 acre and it's on the market for £60,000 too. No where to ride and straight onto a main road, with a footpath going through it. It's madness!!

There is also 2.2 acres which is much nicer and near bridleways up for sale at the moment near to me..... £165,000 !!!
 
I wonder if prices have shot up because of rumblings that planning law is relaxing so people who would want a yard / house are prepared to pay these sums in the hope they can realise their dream.
 
If there is a house next door it could be that highly priced to target the homeowner. To buy an acre from a farmer adjoining your property one would expect to pay between £50-75k for the first acre less for the second etc. which I suppose is fair as that is the minimum it would likely add to the property value.
 
If there is even a sniff of planning approval here it would go for a lot more. A planning officer told me they look for 30 props per acre so if this plot had planning it would be for sale for more than 60k.

I think it's most likely the person selling is just saying this is what I want for it and they aren't too bothered if it sells or not.
 
I saw a piece once advertised as a paddock when it was was 0.2 of an acre...... They wanted £20,000!!!!.... Basically it was just a piece of garden in front of a church in a little village, so no hope of pp. however this had be advertised by a well known national estate agent, I have no idea what they were thinking!
 
3 acres near us went for £90k!! Hilly, and with no planning permission! Near the city though.

Put paid to dreams of one day owning a field of my own :(
 
2.8 acres sold last month in excess of £100k in NW Surrey
Good hacking, but NO facilities, no electric, no stables - just a tap in the corner.
Its in greenbelt and beside a SSSI where its difficult to even get planning for a garden shed to store horse things, let alone a field shelter.
 
It's probably wiser to ask £60,000 and wait for someone to offer less, than ask £1,000 and sell to the first one to pull out his cheque book. Meantime, the owner is getting some cheap advertising!
 
There was 3.3 acres of rough scrub, unfenced in essex with a new but basic 3 stable wooden block - they wanted £250k!! It was doing the rounds on facebook but I can't find it just now.

At that price no chance of planning or you'd put a 0 on the end. Our neighbour has 0.3 of an acre with falling down brick stable that she's had valued at £100k if she can get planning!!
 
It might not have Planning permission now but to me that price is aimed at developers who will run the risk of trying to get planning on it. Usually professional developers can find a way to get permission for something ;)
Amenity land can also carry astronomical prices. We once looked at a house which needed us to buy a field next door. The farmer wanted £30,000 per acre....& we were told by the EA that she couldn't believe how fair the farmer was being :D

That said the place we have now I approached the farmer about buying a piece of land. I nearly kissed him there & then when he offered it to me for £7,000 an acre!!
 
Went with a friend recently to look at a place she and her partner are interested in, about 3 miles from a town, 12 acres (seems wet but hasn't been grazed for 6/7 years), a small hay shed and a few timber boxes in bad repair with a two storey detached house in need of repair. It was sold during the boom 5 or so years ago for 600,000 euros approx and is now up for auction with a guide price of 75.000 euros. It will be sold as its a Nama property, the previous buyer was a Dublin property developer, possibly a bargain for someone. My friend is tempted but daunted by the work required. Oh and its on a quiet country road. narrow (two cars have to slow to pass by) but suitable for hacking.
 
TBB said:
Went with a friend recently to look at a place she and her partner are interested in, about 3 miles from a town, 12 acres (seems wet but hasn't been grazed for 6/7 years), a small hay shed and a few timber boxes in bad repair with a two storey detached house in need of repair. It was sold during the boom 5 or so years ago for 600,000 euros approx and is now up for auction with a guide price of 75.000 euros. It will be sold as its a Nama property, the previous buyer was a Dublin property developer, possibly a bargain for someone. My friend is tempted but daunted by the work required. Oh and its on a quiet country road. narrow (two cars have to slow to pass by) but suitable for hacking.
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For 75,000e I would take a punt!!!

There are some developers that will buy land to sit on while others develop land in the area. This in turn stretches the planning lines which makes a higher success rate of approval for building. Like others have said - the slightest hint of being able to develop in the next couple of years and it adds a 0 to the price per acre :(
 
I guess, they're simply chancing their luck that some rich person will buy it. There's a landowner near me who will sell his land but at 4 times the average (round here that's about £4k an acre)! His philosophy is that if someone wants it, they'll pay for it!
 
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