Some land near me come up for sale, help me think about it please

[Bobthecob15]

Lucky you!!! Buy it!

 

[Errin Paddywack]

houses along the boundary or close would put me off if i ever intended to keep horses there

But could be a good investment as it might eventually get planning permission. If I was in the fortunate position of having money spare it would go into land.

 

[tristar]

But could be a good investment as it might eventually get planning permission. If I was in the fortunate position of having money spare it would go into land.

well of course, i invest in property, but would not be keen on next door chucking in all sorts of `food` etc so would not be keen on keeping horses next to houses personally.

 

[Jambarissa]

houses along the boundary or close would put me off if i ever intended to keep horses there

I think pros and cons to this. On the one hand you could get locals bothering the horses, on the other hand it's someone to keep an eye out. I think I'd visit all the locals with a box of chocs and my phone no in case of emergency.

 

[Jambarissa]

I'm going to go and look at the weekend. We do have the money in the 'long term investment' category so it's diversification really.

The biggest risk would be having grazing just sat there then browsing the bin end dealers......

 

[Orangehorse]

You need to know if there is an overage clause on it, most land does now. This means that if you did get planning permission the vendor is entitled to a % of the uplift in value. This usually has an end date like 25 years.

Fencing is expensive, is there water connected? Water connection costs money.

On the other hand land is something that you own that doesn't really have an running costs attached, for instance you don't have to insure land, which is why it is popular with people who have spare money to invest. You can let it out, but the rent isn't that great. But it isn't like putting it into shares where you can lose the lot. The field is still there.

 

[windswoo]

We bought our 9 acres for £72,000 12 years ago (8.000 an acre)
8 acres has just been sold by us for £200,000 (£25,000 an acre), even if you don't keep the horses on it, as others have said if you can afford it go for it. If its anything like around here it won't stay for sale for long.
We wouldn't be able to buy any land now at the prices going, don't have that much disposable income, but each acre going up by £17,000 in 12 years isn't a bad return if/when we decide to sell and it has saved us a fortune in field rent/livery bills.
Good luck if you go for it.
I get on really well with most of the neighbours. They keep an eye and let me know if any issues.

 

[Sanversera]

if theres any problem with people feeding the horses then its generally easy to deal with a sign saying please do not feed the horses and/or and electric fence inside the boundry several meters from the boundry fence so that thew horses and people cannot reach each other or easily throw carrots. this approach works in our village a smasll sign saying plz do not feed quickly stopped the holiday let people from giving carrots to the ponies in the neighbouring fields.

 

[thefarsideofthefield]

houses along the boundary or close would put me off if i ever intended to keep horses there

I'd buy the land and then keep an eye open for one of the properties on the immediate boundary coming up for sale . Much easier to getting pp for stables in the garden and direct access to your land

 

[southerncomfort]

There is a 12.5 acre field near me just come up for sake for £175,000.

It's always just had horses grazing on it, no livestock, but the particulars state that it is designated agricultural land. They are promoting it as arable land (nobody grows crops here, its too exposed!).

 

[sport horse]

Near here, 7 acres of equestrian grazing land with 3 stables , water but no electric, lousy fencing and mases of ragwort, just sold for £300,000

 

[tristar]

I'd buy the land and then keep an eye open for one of the properties on the immediate boundary coming up for sale . Much easier to getting pp for stables in the garden and direct access to your land

well yes kind of obvious if you want to keep horses on it, but still i would be cautious without studying those living nearby

 

[windswoo]

There is a 12.5 acre field near me just come up for sake for £175,000.

It's always just had horses grazing on it, no livestock, but the particulars state that it is designated agricultural land. They are promoting it as arable land (nobody grows crops here, its too exposed!).

That sounds a good buy - mine is classed as agricultural even though the people we bought it off ran the local riding stables for decades. There may have been cows on it at some stage but not for a long, long time.
I think as long as you don't try to turn it into a all singing/dancing livery yard, then most councils don't worry about horses grazing on it.
If you did want the livery yard then you'd probably have to apply for change of use.

 

[southerncomfort]

That sounds a good buy - mine is classed as agricultural even though the people we bought it off ran the local riding stables for decades. There may have been cows on it at some stage but not for a long, long time.
I think as long as you don't try to turn it into a all singing/dancing livery yard, then most councils don't worry about horses grazing on it.
If you did want the livery yard then you'd probably have to apply for change of use.

It's nice level grazing too which is very rare here. Quite remote but 2 minutes hack to a large equestrian centre!

 

[SEL]

I think pros and cons to this. On the one hand you could get locals bothering the horses, on the other hand it's someone to keep an eye out. I think I'd visit all the locals with a box of chocs and my phone no in case of emergency.

I had an Air BnB and houses lining a field once and we just popped leaflets round introducing the horses and asking them not to feed them. The owners of the BnB laminated it and popped on the wall.

No major issues but my old lad apparently entertained the kids with his farting

 

[Pebble101]

32 years ago we borrowed every penny to buy 6 acres of land down the road. It has been the best investment we ever made and percentage wise has risen in value more than our house. In the years I didn't have horses we made money from the hay we sold. I would go for it.

 

[Sanversera]

I'd buy the land and then keep an eye open for one of the properties on the immediate boundary coming up for sale . Much easier to getting pp for stables in the garden and direct access to your land

This is what we did, bought the land then waited for a house nearby to come up for sale

 

[windswoo]

It's nice level grazing too which is very rare here. Quite remote but 2 minutes hack to a large equestrian centre!

Sounds ideal

 

[anguscat]

If you can afford to tie-up the money for the land for a long time you can just regard it as a long term bank deposit. Also if area fast developing might do well in the long run as it’s on the village edge.

 

[Bobthecob15]

Did you decide to buy it?

 

[Jambarissa]

They haven't got an auction date yet, is that normal? I did ask about whether they are looking for offers but they said no.

I wonder if they're in discussion with someone

 

[blitznbobs]

They haven't got an auction date yet, is that normal? I did ask about whether they are looking for offers but they said no.

I wonder if they're in discussion with someone

Make an offer anyway - they have to put it forward to the vendor

 

[Arzada]

They haven't got an auction date yet, is that normal? I did ask about whether they are looking for offers but they said no.

I wonder if they're in discussion with someone

If I wanted the land I would certainly be in discussion. I'd already have made an offer. I'm surprised that anyone is thinking of an auction rather than OIEO. Land is selling fast and for high prices. Plenty of land doesn't even reach the open market.

 

[HorseMaid]

Just to add, easy to find out who owns it if you pay £3 on the land registry website, you could contact them direct then.

 

[Jambarissa]

Just to add, easy to find out who owns it if you pay £3 on the land registry website, you could contact them direct then.

I will do that. Thank you.

 

[bubsqueaks]

They haven't got an auction date yet, is that normal? I did ask about whether they are looking for offers but they said no.

I wonder if they're in discussion with someone

I believe nowadays most people will want it marketed rather than a private sale - land is on short supply so high demand pushes prices up - they will be wanting the best price.
We had to run the gauntlet - ours didnt go to auction thankfully but was advertised locally.

 

[TheMule]

They haven't got an auction date yet, is that normal? I did ask about whether they are looking for offers but they said no.

I wonder if they're in discussion with someone

It could be that they’re waiting for probate or something similar

 

[Jambarissa]

An update.

Still no auction date so I put in an offer of 1.7x guide price, thought I could go to 2x max.

Heard back on Friday, they've had numerous offer but are waiting for auction and have increased guide price to 4x the original one.

So I'm out

 

[catembi]

Sorry to hear :-(

 

[Lois Lame]

I had an Air BnB and houses lining a field once and we just popped leaflets round introducing the horses and asking them not to feed them. The owners of the BnB laminated it and popped on the wall.

No major issues but my old lad apparently entertained the kids with his farting

That was a brilliant idea, especially introducing the horses (by name and picture?) to sort of include people in the plan of not feeding the horses. Very respectful and inclusive.