the cost of buying land - a sort of how much - sorry!!

[little_rou]

So following on from a previous post, we have made an offer on the field and it has been accepted!!!

We feel that our offer was reasonable if not a little on the low side, but the vendor was happy, so the deal should all be done by this time next week.

Mother, however thinks that we've offered too much, but although she knew full well what we where offering decided only to mention this at the weekend

So basically, my question is how much would you pay for 4.5 acres in Northamptonshire,

its bad points: no electricity, or stables. access via a dirt track.

its good points: lots of good natural shelter and good chance to getting planning permission (fields on either side have jsut been been granted for 10+ stables, horse walkers and schools!!) with mains water, quiet location, with lots of good hacking. only a mile form home & lots of friends locally to hack with.

 

[nativetyponies]

no idea about your locality but a piece of land, 3.2 acres in somerset with one out building was sold for 73k...the advert did contain the magic word..."Equestrian"!!

 

[Carol Singing Dawg]

sorry no idea of northampton but i paid nearly ten thousand an acre for a field just over four acres of agricultural land in south somerset, on the very edge of a much sought after village so have long term dreams of being allowed a residence of some kind on it.

Best of luck with yours, even if you dont get planning you can use your neighbours arena!

SD

 

[BBH]

I have no idea of costs in your area but please don't assume planning will be easy just because other fields have gained it. The councils are very much into things like how much extra traffic will be generated with any new build, where are the bridleways in relation to the fields as they don't really want horses n cars mixing on the roads. Disposal of muck etc needs to be considered. Also they may feel there is saturation of stabling within the proximity of your field.

I don't want to put a dampener on things but our local council do not just approve things based on precedent. Personally I would be very sure I could build before purchasing.

Also see how far the electric needs to come to reach your yard as this can be hugely expensive if the mains isn't close by.

These factors could help you decide if your offer is fair. Sometimes a value is based on what the field means to you as opposed to market value.

 

[chickeninabun]

No idea about your area, but when I enquired about a 3 acres grass paddock near me, in Yorkshire, with water but little else, they wanted in excess of £10,000 an acre.

 

[little_rou]

yep - ours is for equestrian use - which has made it like hens teeth around here!! weve been looking for years so jumoed right on it when it came up!! the idea is to keep it for a good few years, or until me and step daughter are out of horses, so am sure it will be worth the investment in the long term

 

[little_rou]

LHS - very sensible advice!! I have spoken to our local planning department and have been given good and honest advice from them. the electricity is going to cost between 3-5k to install, we will probably leave that and do it at a later date to try and keep costs down.

 

[bj_cardiff]

There's so many variables I'm afraid, round here agricultural land in small (under 20 acres) lots seems to go for anything between 3k an acre and 10k, if the land surrounding yours has planning for stables etc then it could be worth more than that, if the neighbouring landowner wanted it then to them it'd be worth even more to them, if there is a neighouring house they'd pay even more I imagine etc etc.

I wouldn't dwell on how much you paid and how it might of been to much, you have it now, just enjoy it

 

[Faithkat]

11 acres of grassland near me has just gone for £150,000 and as it's in the New Forest National Park there is a snowball's chance in hell of ever getting pp for it. A few years ago 3.75 acres just along the same road went for £135,000 apparently to someone in London who planned to build a house on it . . . . ha ha, did they have a shock coming!

 

[ofcourseyoucan]

about 10 to 15K an acre, tho does vary enormously for location, for pony paddock size! and if you can get the electric on for 3 to 5 k now that is one expense i would not put off! that is cheap! chap up the road bought 3 acres and barn(for very expensive per acre price!) and its going to cost him in excess of 40 k to get electric on!

 

[pipstar]

Hi

Im in Northampton and 10-15k per acre is the going rate. I have offered 20k before and been turned down so you have done really well!

x

 

[Achinghips]

75k for 3 acres in Cambs for land situated in nature reserve with no water/stables/electricity, but miles of direct access to off road bridleways through reserve

 

[Feathered]

Hi, newbie here. We've just bought land, a 3 acre field just outside Worcester in a very horsey area. Paid 26k. List price was 28k, we offered less expecting the guy to laugh at us with the demand for land around here, but he took it! No leccy but there is water, fencing isn't amazing but it's there and usable and good hacking too.
Very much doubt we would ever be allowed planning permission maybe that's why it was an affordable price.
A 4.5 acre field next door to ours went for 40k.

 

[burtie]

11 acres of grassland near me has just gone for £150,000 and as it's in the New Forest National Park there is a snowball's chance in hell of ever getting pp for it. A few years ago 3.75 acres just along the same road went for £135,000 apparently to someone in London who planned to build a house on it . . . . ha ha, did they have a shock coming!

I wondered what that went for, nice field though, but as you say no chance of planning and not exactly good forest access for riding either!

Anyway as faithkat says, around here you are looking at absolute min £12k an acre, much more if there is good forest access and or adjacent houses!

P.s meant to text you and say your tomatoes are great, speak soon!