Scottish land valuation help

[jimmy milnes]

Hi all,
I was wondering if anyone on here has an idea of approx land prices for an acre of uneven scrub land with a practically non existing fence in Scotland please ?
Cheers Jimmy.

 

[Apthorpe]

Hi all,
I was wondering if anyone on here has an idea of approx land prices for an acre of uneven scrub land with a practically non existing fence in Scotland please ?
Cheers Jimmy.

PIece of string territory. It could be anything between £200 and £20million. The scrub and quality of fencing aren't really relevant. Location and the local market for it are the determinants.

There isn't really an answer for this. There's a reasonable agricultural value, but it's one acre and you're in the hobbyist/equine or pikey's nag/possibly over-optimistic house developer market.

 

[jimmy milnes]

PIece of string territory. It could be anything between £200 and £20million. The scrub and quality of fencing aren't really relevant. Location and the local market for it are the determinants.

There isn't really an answer for this. There's a reasonable agricultural value, but it's one acre and you're in the hobbyist/equine or pikey's nag/possibly over-optimistic house developer market.

Cheers for the reply it's really appreciated
I realise is a stab in thevdark kind of thing I'm asking.
Just wondered a rough idea on what I should be putting up as an offer, but take your very valid points

 

[VSS]

Between £1000 / acre and £10,000 acre, depending on what it's worth to you.
To give you an example, I bought some very poor scrub land with low agricultural value for £900 / acre, but sold a bit of it to someone who wanted to make their garden bigger for £12,000 / acre as that's what it was worth to them given the increase in value of their property by virtue of having a bigger garden.

Land that's very good quality or has development potential will sell well in excess of £10,000 / acre, but your description doesn't sound like that sort of land.

 

[Rake Aboot]

What has the seller had it valued at ?

 

[jimmy milnes]

Between £1000 / acre and £10,000 acre, depending on what it's worth to you.
To give you an example, I bought some very poor scrub land with low agricultural value for £900 / acre, but sold a bit of it to someone who wanted to make their garden bigger for £12,000 / acre as that's what it was worth to them given the increase in value of their property by virtue of having a bigger garden.

Land that's very good quality or has development potential will sell well in excess of £10,000 / acre, but your description doesn't sound like that sort of land.

Much appreciated cheers

 

[Apthorpe]

It depends how much you want it, and if you think anyone else does. If it's a private offer, I'd consider £10k to be a base value for normal average agricultural, and go up /down from there.
There's no point offering (with respect to VSS) something like £1,000 because that will barely cover the vendor's costs, and there's no point in their bothering unless they getnto pocket something worthwhile.

You could phone a local agent/surveyor in the area and ask them for a wide ballpark figure, but they may tell you much the same. Even the agent handling the sale can often be helpful, handled well. It's their job to get it sold for as good a price as possible and they aren't going to make much effort over it.

I had my eye on a 5acre patch of steep grade 4 land with a rock outcrop, a quarter of it shaded, and bog in the bottom of it a few years ago. It went for about £18k per acre (not to me!).
It didn't support many sheep or cattle and coudn't be cultivated.

 

[jimmy milnes]

What has the seller had it valued at ?

It's not on the market, I've done a land registry search and found the owners and I'm thinking of writing to them to ask if they consider selling it. The title doesn't give a previous sold for price so I'm guessing they maybe inherited it perhaps.

 

[Rake Aboot]

If they sell it they will have to have it valued before selling anyway

Just ask if they want to sell then if they do , await their price .

 

[VSS]

It's not on the market, I've done a land registry search and found the owners and I'm thinking of writing to them to ask if they consider selling it. The title doesn't give a previous sold for price so I'm guessing they maybe inherited it perhaps.

I did the same in order to purchase a piece of rough woodland that also happened to include the access track to my farm. It was a couple of acres and I paid £3,000 in total, plus the vendors costs. And it wasn't all that long ago.

 

[VSS]

If they sell it they will have to have it valued before selling anyway

Just ask if they want to sell then if they do , await their price .

They don't have to have it valued, but they may choose to do so.

@jimmy milnes could get it valued, and make an offer based on that.
That's the way I did it in the example cited in post #10

 

[opticron1]

Might be worth looking at the area on Rightmove to see if there is a similar patch of ground and what the going rate is.
There are a couple of pieces of land on offer in Galloway - one @ 50 acres for £300K and one @90 acres (with woodland and deer stalking) for £150K which gives an idea what the variation in value can be like.

 

[foxinmad]

Cany hide the dosh matey

 

[slider]

Things have probably change now that "forestry fever" has cooled off a bit, but when I was involved in the Scottish land market a couple of years ago (I'm now retired) land of any decent scale was worth £8-£10,000/hectare if you could plant conifers on it, no matter whether it was good in-bye arable/pasture or heather covered hill.