Quick Help! Value some grass land for me???

chickeninabun

chickeninabun

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Just spotted some grass land for sale near me.
It's 3.1 acres, road fronted (Well single track lane) with water supply, but there doesn't appear to be any fencing.
It's open to Tenders. How much do you think it would go for??

Am wondering if it's cheaper than my livery to get a loan and buy it;)
 
Round my way you'd be looking at 50K, for your sake I hope it's less than that. Just give the agent a call and see what they say
 
My neighbour just paid £70K for 2 acres fenced and watered. However, it's right next to his house and the guy selling (a dodgy guy from the town) has held out and annoyed him until he got the price he wanted so possibly the £70K was inflated.
 
I bought some land at tender and was told by the land agents not to work on agri land per acre costs as I wouldn't stand the proverbial cat in hells chance . I was advised to bid whatever I thought it was worth to me. Luckily I had cash to pay for it as I was outbid but the other parties had to secure a loan and the landowners wanted a quicker sale.
 
Around here a small area of grass like that would sell for around £40k - on average prices vary between 6k-10k per acre, depending on road frontage, planning restraints, size etc - normally the more there is the more it will cost.

Before putting in a tender find out from the vendors what permission is on it? Is it agricultural grassland/ammenity grassland or leisure grassland?? If it is agricultural you can graze breeding/retired horses on it, but nothing else. Even if you take the horses elsewhere to be ridden they should not graze it (of course, this rule is flouted often). If it is classed as anything other than leisure you will not be able to ride on the land itself.

Think about fencing - how much will it cost to fence - the cost soon adds up. You probably need to think of spending in the region of 10-20k on fencing, depending on how you want to go about doing it, but remember, this sometimes needs planning (especially for gateways) and as it has road frontage the fencing must be adequate or you open yourself up to all manner of libel.

Find out where the water supply comes from - does it have it's own meter? If it is via a neighbour's meter they an effectively cut you off, and you will need to have a seperate one installed, which will cost a few more thousand.

The field sounds brill though, and if you are keen and able, I would go for it - no harm in putting in an offer!! Just remember to budget for the fencing, and check out the planning on it!
 
Round here (next plot to us) 0.8acre was sold at auction for £80K, so if near a built up area it'd be about £100K/acre. Otherwise £25K/acre for agricultural but near village/town edge, or £15-20K otherwise with no facilities whatsoever.
 
unfortunately small plots like that go for a fortune, it would be all those horse owners banging up the price!! I reckon you would be looking at well over 30k and probably nearer 50k.

We tendered on a small farm and put it in at well above the agri values, it went for more than double the amount that we tendered. Small plots are like gold dust, everyone wants one because in the long term it is a better set up having your own land rather than renting or being in livery.
 
i think that land is the one and only thing not to have been hit by the recession,has even increased judging by what has sold around here.in fact everything on the market seems to get snapped up no matter what the price-tag.
 
chickeninabun said:
Just spotted some grass land for sale near me.
It's 3.1 acres, road fronted (Well single track lane) with water supply, but there doesn't appear to be any fencing.
It's open to Tenders. How much do you think it would go for??

Am wondering if it's cheaper than my livery to get a loan and buy it;)
Click to expand...

I know someone who has just paid £49,000 for 3 acres with no water or electricity supply!!!!!!!

Thats in South Wiltshire.
 
I posted an answer similar to this a week or so ago. Near me in South Bucks there's 3.5 acres just come on the market for £85,000. It's really scrubby, weedy land, extremely poor fencing, no facilities whatsoever. Possibly got mains water, but that's about it. No shelter, natural or otherwise. Gypsies camp in neighbouring field once a year and leave heaps of rubbish. Absolutely no safe hacking.

And yes, you did read it right - £85K!
 
I have 3 stables and just under 4 acres of grazing in W Yorks, natural water supply, lights run off a battery set up. Paddocks well fenced mainly P&R fencing. I'd be looking for around £60k if I were to sell but without the stables on there it would be worth around £35k. When we bought the land 7 years ago it was unfenced and believe me it costs an absolute fortune to put up decent fencing even when erecting it yourself, timber is so expensive.
With regards to putting in a tender only bid what you can afford and keep some cash back for fencing. Owning your own place is nearly every horse owners dream but it's costly and time consuming.
 
I would talk to the agents, they'll have an idea of what they hope to get for the plot. Then if not totally out of reach, I'd deduct the cost of fencing and make an offer. You may be lucky, depends who else wants it! Also, keep in touch with the agents, you never know who buys it, if it's a developer they might want to rent it out while waiting till it becomes possible to build on. There's a large field near us that the owner is keeping for the time it gets swallowed into suburbia (currently 'green gap' and not likely for 10 years+) and he can make ££££vast sums, but in the meantime he rents it out each summer for hay.
 
We've just agreed to buy a 1.8 acre cabbage field for just under £40,000. BUT it is attached to our existing paddock so it is worth that to us. Land attached to residential property holds a high premium. Another farmer wanted £30,000 for the first acre, £20,000 for the second and £10,000 for any subsequent acres. I suppose land is like horses, it is worth what the buyer will pay.
 
rupertsmum said:
Marry a Farmer ;)
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Ummm, it's a good plan but not sure my husband would agree!;):D

The land is not next to any residential area and is a good half a mile out of the nearest village. I don't think you'd be very likely to get planning on it as it's on a single track road and the council aren't keen on building on them round here. But you never know! Anyway, like jendie said, it's only worth what someone will pay for it.
 
There was some near us for auction recently. 3 x4 acre lots. Down a track with possibly a running water supply, no houses particularly close, opposite the golf course, very close to the motorway. I don't know what the reserve was but the land didn't sell. We felt that it was particularly aimed at horse-owners but is in such an inconvenient situation, with no likelihood of planning even for shelters that no-one wanted it.
 
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