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

[reiver]

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

Best way is to get a land agent before you agree to buy as you’re going to need one to check it out all the details. Money well spent

 

[Bo Diddley]

adjacent my property.

This is the key phrase. Forget agricultural prices, it's what it's worth to you Selous!

 

[old keeper]

Down here in Devon land prices, as Bowi J said in Cornwall, are ridiculous. The equine brigade certainly doesn't help but small parcels have made anything from 10 to 50 thousand an acre, even more. The sad part about it is that it's fragmenting the countryside.

 

[VSS]

A farmer once gave me this piece of sound advice:

"When land comes up for sale that's adjacent to your existing property, first you buy it and then you worry about how to pay for it".

I wish I'd heard that earlier in my farming career, as I missed out on a cracking opportunity in the early days for fear of over stretching myself. Had I taken the risk I now know it would have repayed me many times over.

 

[Bowland blades]

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

You wont be paying grazing prices i bet , Farmers aint dumb to the possibilities 5 acres could become 4- 5 new homes and a big profit after you own it ( even if you didn't build them ).

 

[User00040]

Land buying (especially ag and forestry) has become a major way of money laundering/tax evasion in the UK, hence higher than rational prices, even as long-term investments.

Very rarely do these values do down, unless the stock market has another major meltdown.

 

[Liveonce]

Trouble with land is they are not making anymore

 

[Bo Diddley]

Trouble with land is they are not making anymore

I was waiting for that one....

 

[reiver]

A farmer once gave me this piece of sound advice:

"When land comes up for sale that's adjacent to your existing property, first you buy it and then you worry about how to pay for it".

I wish I'd heard that earlier in my farming career, as I missed out on a cracking opportunity in the early days for fear of over stretching myself. Had I taken the risk I now know it would have repayed me many times over.

That was as good advice.Buying land is often a once in a lifetime moment. If it is where you want it ? My purchase was as if someone else buys it you kick yourself afterwards

 

[opticron1]

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

I hope you manage to purchase the land..... I was always keen to read tales from the late John Humphreys in Shooting Times about his own little "ten acres of heaven". A plot he turned into a mixture of miniature shoot and a nature reserve. My late Grandfather took on a piece of land and an exhausted quarry near here with plan to run it as a small shoot, but it just became his pet nature reserve and he got more pleasure from it than anything else.

 

[Scuffy]

I had some land valued in Debyshire recently, hill sheep farming land. £7.5-£9k per acre

 

[Heym SR20]

A good way to square the circle between a small tatty little field good for a bit of rough grazing and a potential mansion or housing estate value is an anti embarrassment clause. Something along the lines of 25% of the value gain of the land from building or being allowed to build property for a period of 25 years. “Value gained” defined as open market sale value of the land to a property developer, or if properties are built, the final value of the property and its surrounding land, less the actual costs of building the properties.

This has two effects.

1) The vendor still has potential hope value for the land, but somebody else does the work. Also in many places get planning is easy if you are building out your own garden / field that is adjacent to you current residential property, but next to impossible if you are not.

2) the buyer doesn’t have to pay that “hope” value that may or may not crystalise at some point. And if it does then both parties benefit.

 

[Dorset Shakari]

If it is adjacent to your property, then Market Value is irrelevant, as you are a Special Buyer, and there will be a marriage value that uplifts your existing property. If the vendor is aware of your special buyer status, then he will sell for a much higher price than he would to a random independent third party. It becomes a horse trade. I'd make some enquiries with a local land agent.

 

[jall55]

Land buying (especially ag and forestry) has become a major way of money laundering/tax evasion in the UK, hence higher than rational prices, even as long-term investments.

Very rarely do these values do down, unless the stock market has another major meltdown.

Lots of it is tax avoidance - not evasion

 

[Rasputin]

Just outside Blackpool here some just went for nearly £30k an acre for a ten field. Looked at some more which is about £400k for 15 acres nearer the foreshore.

Best be buying land chaps it’s only going one way.

 

[Ronin]

Just outside Blackpool here some just went for nearly £30k an acre for a ten field. Looked at some more which is about £400k for 15 acres nearer the foreshore.

Best be buying land chaps it’s only going one way.

Ace position to be in if one has the spare capital

 

[Bowland blades]

Ace position to be in if one has the spare capital

or maybe not with the sea level rise that' s predicted . Remember the sea not that long back got all the way up to Myerscough collage There are a couple of Sea walls around Cockerham .
For an investment that would last for my kids / grandkids i would not build in Coastal Lancashire . Even if Southport beach in now grassed over , it all set to change . Happy to build here at 850 ASL though

 

[Ronin]

I meant -if you have the capital spare to purchase land, it must be a wonderful position to be in

 

[Bowland blades]

Ace position to be in if one has the spare capital

I assume that's before any outline planning ?

 

[JTO]

Good luck with your bid, it’s all down to how much it’s worth to you.

Exactly!
About 30 years ago, someone asked a local estate agent about a piece of land that he had been offered next to his house. "If you have no land with your property, the first acre is worth £10,000, the second acre is worth £5000......." He was told!
This was 30 years ago near Weymouth, remember!
A 5 acre paddock near me, with 3 loose boxes and a water supply, has just been valued at £230,000, I've been told. 30 years ago, it was bought as bare land for £15,000.