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

[Selous]

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

 

[Envillegc1]

Well, it all depends.
Where abouts roughly is it?
Does it abut a road?
Does it have development potential?
Smaller lots the price goes up.
Check out Fisher German website

www.fishergerman.co.uk/property-search/residential-property-for-sale-in-england-and-wales

 

[slider]

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?

 

[johndeere]

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.

 

[Selous]

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...

 

[Fosbery Holster]

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.

 

[jall55]

Watched a piece near us - that has been bought with development / ransom strip potential valued at 25 k - do 180 k !!!

 

[reiver]

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

 

[Liveonce]

What ever someone is willing to pay.

 

[reiver]

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.

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 .

 

[thorneyglatt]

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?

Wow ! - Where's my wallet ? !!!

 

[Selous]

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

Yep, I was figuring this in to the equation

 

[reiver]

The other thing is I can shoot the rabbits in my new garden from my bedroom window with the .22rf

 

[jall55]

Yep, I was figuring this in to the equation

Yes - your offer needs to be the only offer
Offer high and get it all done and dusted ASAP - its amazing how many people may want to buy it if it get advertised

 

[Envillegc1]

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.

 

[Selous]

Yes - your offer needs to be the only offer
Offer high and get it all done and dusted ASAP - its amazing how many people may want to buy it if it get advertised

Yes that’s true…. It’s not on the market currently and better that way!

 

[Selous]

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.

Great idea, really helpful thanks

 

[starr shot]

Try and buy the whole 5 acres that way you will be in control of its future use.

 

[Ronin]

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

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

 

[bowji john]

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