That was my point !
land prices - thinking of investing
- Thread starter kes
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That was my point !
countrryboy
Well-Known Member
I know most on here would love to have their wee bit of wooded paradise where they could do wot ever they wanted.
But as an investment probably many more profitable ways to invest 100K (buy a rental property and spend ur income/profit on stalking) by sounds of it the 1 wood mentioned is about 3K an acre and sounds very steep and uncommercially vaible woodland, can't se any income apart from hoping its value will increase, so ur cash is tied up until u want to sell.
Say u bought a 100K house u'd hope value will rise but also have rent every month
Also with 30acres of woodland ur not really talking about it holding a stable population of resident deer and who ever has the stalking on surrounding fields will probably have more opurtinity to shot them than u.
But as an investment probably many more profitable ways to invest 100K (buy a rental property and spend ur income/profit on stalking) by sounds of it the 1 wood mentioned is about 3K an acre and sounds very steep and uncommercially vaible woodland, can't se any income apart from hoping its value will increase, so ur cash is tied up until u want to sell.
Say u bought a 100K house u'd hope value will rise but also have rent every month
Also with 30acres of woodland ur not really talking about it holding a stable population of resident deer and who ever has the stalking on surrounding fields will probably have more opurtinity to shot them than u.
jimmyriddle
Member
You cannot simply buy land and plant trees. You need planning to do this. Also bare land will be more expensive than woodland
jimmyriddle
Member
Land is by far a better investment than a house as there is no death duty on land and a second home would command a 40% tax upon death... Now decide what is the better long term investment.
jimmyriddle
Member
Your best bet would be to contact your local land agents, let them know you are looking for something to invest in.
Secondly, get yourself a decent solicitor they will check all the small print for you,
Third, I see people were mentioning parcels of land within woodland, this is ok as long as you have legal acces to your land, I know of people who sell fields and retain 6 meters around the outside. They then don't allow access devaluing the land and leaving the only option to sell it back at a massive reduced rate!
Guy's thanks for all the advice and the pm's. I do think the pro's (given no legal loopholes or ransom strips) outweigh the cons. I'm thinking up to £50k, current interest rates, the fun of ownership, tax concessions and simplicity of passing on, wood and wildlife and maybe some shooting would be worth it, even if land values dont climb as steeply as I expect.
I will keep looking and pass on any worthwhile experiences to hopefully benefit anyone else looking.
I will keep looking and pass on any worthwhile experiences to hopefully benefit anyone else looking.
Hereford
Well-Known Member
Just out of curiosity, how onerous is obtaining planning to plant, say a small coppice on pastureland?
This might help Plant your own woodland - Woodland Trust
and this deals in the usual complexity with farms and planning generally - http://www.gov.uk/government/uploads/system/uploads/attachment_data/file/7656/143516.pdf
I'd go for the first which basically says - under 5 hectares and you dont seem to need planning but ask your authority - they will probably want to help.
I just bought some mature woodland, that also includes the access track to my property (which passes through the woodland, and over which I had previously only had a right of way).
Paid i.r.o £1,500 per acre.
I do not have full sporting rights, although it clearly states on the title deeds that I can shoot deer. I used this as supporting evidence at my most recent FAC renewal, and my .243 is now listed as to be used for "deer and aolq", despite the fact there are no deer on the land, and is never likely to be.
Paid i.r.o £1,500 per acre.
I do not have full sporting rights, although it clearly states on the title deeds that I can shoot deer. I used this as supporting evidence at my most recent FAC renewal, and my .243 is now listed as to be used for "deer and aolq", despite the fact there are no deer on the land, and is never likely to be.
Woodland in the Cheshire / Peak District area is going for between 3-4k per acre, although this is generally for smaller 'amenity plots' of a few acres. Any bare land is 8k + in Cheshire for grassland and probably nearer 5k per acre or less once you get to steeper ground in the Peaks.
As a Land Agent I have both bought and sold a lot of farmland and woodland. I'd be happy to help if I can regarding the process, pertinent points and current issues. PM me your number if you want.
Best,
J
Best,
J
lincolnjefferies
Well-Known Member
You can buy cleared woodland, i.e, stumps in Wales quite cheaply.
There are quite a few planting grants available, the grant pretty well covers the cost of planting and a bit for maintenance too. I think if you allow public access, you may get a little more. Though check it out carefully as the grants for planting new woodlands on agricultural ground are different to replanting grants. And also it depends on the % of your income generated from agriculture.
Check on the fencing grants though too, as its very important to keep sheep out, as they are tree munchers and if the woodland doesn't establish properly you have to replant or pay the grant back.
If you are planting broadleaves for amenity and conservation, you can include large open spaces and the planting density is less too. Considered coppicing too and edge and field layer vegetation for gamebird cover.
There are quite a few planting grants available, the grant pretty well covers the cost of planting and a bit for maintenance too. I think if you allow public access, you may get a little more. Though check it out carefully as the grants for planting new woodlands on agricultural ground are different to replanting grants. And also it depends on the % of your income generated from agriculture.
Check on the fencing grants though too, as its very important to keep sheep out, as they are tree munchers and if the woodland doesn't establish properly you have to replant or pay the grant back.
If you are planting broadleaves for amenity and conservation, you can include large open spaces and the planting density is less too. Considered coppicing too and edge and field layer vegetation for gamebird cover.
Working farms can be passed down the generations free of IHT, but not rented out investment property so you had better check with an accountant re unfarmed amenity land. This is why the city people are spending their bonuses on farms and entering into share-farming arrangements with large farm management companies, it means they are 'farmers' for the IHT calculations. Land cannot be rolled over to defer IHT, unless things have changed.
lots of very helpful advice - thank you. The proposed purchase has gone quiet recently as I suggested their interpretation of what could be shot without Sporting Rights was rather wide of the mark. We shall see if they come back with the rights to hand.
I shall keep looking, as its a bit of an ambition to own some - anyone hear of anything with shooting rights (and preferably deer) near Monmouth - let me know and there's an invitation waiting !
Thanks chaps.
I shall keep looking, as its a bit of an ambition to own some - anyone hear of anything with shooting rights (and preferably deer) near Monmouth - let me know and there's an invitation waiting !
Thanks chaps.
