Anyone aware of the current price of land in the north west?

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Selous

Selous

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I'm looking at potentially buying part of a 5 acre field adjacent my property. The land is currently grazing for sheep/beef cows, not top quality meadow by any stretch of the imagination but equally it is well drained with no marsh grass. Does anyone have a feel for what grazing land is selling for at the moment? Just want a rough idea so that the offer is credible.
Many thanks
 
As grazing land with no development potential probably in the region of £10 an acre but for a small parcel like that it might attract equine interest and then who knows?
 
6k to 10k an acre to start.
If it is suitable for dobbin and goes on the open market it could be eye-watering.
The present financial climate may help keep it affordable though.
good luck with the offer.
 
Thanks chaps, the field doesnt have outstanding planning and does abut a single track dead end lane that is not an adopted road. From what I can see from all of your answers my suspicions were not a million miles off. Many thanks for the replies...
 
There are so many variables with land prices, too many to discuss simply.
But take for instance a parcel of land that came up for sale on the outskirts of our village, one day there was a for sale sign erected the following day the sign was swiftly removed, it’s approximately 3.5 acres and we were expecting £12-£15 thousand if so we would have entered a bid, l remembered the estate agents details and looked on their website, offers in excess of £36,00, in my mind that valuation was totally aimed at the equine community.

Good luck with your bid, it’s all down to how much it’s worth to you.
 
Watched a piece near us - that has been bought with development / ransom strip potential valued at 25 k - do 180 k !!!
 
Fosbery Holster said:
There are so many variables with land prices, too many to discuss simply.
But take for instance a parcel of land that came up for sale on the outskirts of our village, one day there was a for sale sign erected the following day the sign was swiftly removed, it’s approximately 3.5 acres and we were expecting £12-£15 thousand if so we would have entered a bid, l remembered the estate agents details and looked on their website, offers in excess of £36,00, in my mind that valuation was totally aimed at the equine community.

Good luck with your bid, it’s all down to how much it’s worth to you.
Click to expand...
That was cheap at 36k land is 12-15 k a acre here all day long 2.2 acres sold for 105.000 near me at the beginning of the year to a local farmer .
 
The only other thing to say is that what ever you buy it at sets a bench mark.
You can also offer the farmer a claw back if it gets development potential, but restrict this to 10 years if you can.
Have a look at the local plan and any emerging planning documents as this will give you a clue as to potential for development.
Hope this helps.
 
Envillegc1 said:
The only other thing to say is that what ever you buy it at sets a bench mark.
You can also offer the farmer a claw back if it gets development potential, but restrict this to 10 years if you can.
Have a look at the local plan and any emerging planning documents as this will give you a clue as to potential for development.
Hope this helps.
Click to expand...
Great idea, really helpful thanks 👍
 
reiver said:
Paid 20k plus seller’s expenses etc for under half acre farmland 6 weeks ago. But it joins my house so increases the value of my house by 5-10 times it’s cost . Better than money in the bank
Click to expand...

This needs taking into consideration - if the vendor knows the identity of the purchaser it will have an adverse affect on price which will increase probably to the current value of increase on the asset adjoining that land
 
Down here in Cornwall agricultural land has been apparently selling for an average of £11,250 per acre according to the local farming rag

Small strategically placed parcels of land often sell WAY over that

I’d not be surprised to see a 5 acre parcel selling in excess of £60,000 perhaps/probably way more

If strategically located in a development area it can astronomical

My son in law’s family sold a 5 acre parcel for 5 million ten years ago !

I guess what I’m saying is that the value of these small parcels of land often bare no relationship to agg land values

I suspect that it will be the case all over the UK
 
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