Doc Holliday Posted October 29, 2012 Report Share Posted October 29, 2012 I've tried looking online for a simple answer to this question but it seems that there is no simple answer. Generally, how much does agricultral land go for? I'm currntly looking at 2.5 acres. it's on greenbelt so any planning would be a nightmare, but that's not why I'm looking to buy it. The guy is asking £55k. Not having any experience with the land buying game previously, can anyone tell me if this is in the ball park? There is water available, although it hasn't been plumbed to anything, Same with electricity which is on the boundary (the guy says he had a quote from EDF for £1100 to run it to a meter) and telephone is the same, it is available just need to pay for BT to run it in from the boundary. It could have potential for putting stables on and letting it out. I was looking to try to get change of use to business but planning officer said no way (as they always seem to). Quote Link to comment Share on other sites More sharing options...
Catweazle Posted October 29, 2012 Report Share Posted October 29, 2012 If it's on the outskirts of an expensive village it might sell to the pony crowd for that money but for straight agri land that's very expensive. Quote Link to comment Share on other sites More sharing options...
hillmouse Posted October 29, 2012 Report Share Posted October 29, 2012 Grade A arable, drained and eligible for all RPA payments, farm road network and good access £7900/acre. The plot you have seen is seriously overpriced. Quote Link to comment Share on other sites More sharing options...
Harnser Posted October 29, 2012 Report Share Posted October 29, 2012 (edited) One recent example of the price of agricultural land . My farmer friend just bought 100 acres of prime arable for just short of half a million . Smaller lots tend to be priced higher and it all depends on the access and the position of the land . There is no given price for arable land ,just how much some body is prepared to pay . Most parcels of land are sold to the highest sealed bid . Not a good way of buying anything . Harnser . Edited October 29, 2012 by Harnser Quote Link to comment Share on other sites More sharing options...
al4x Posted October 29, 2012 Report Share Posted October 29, 2012 Its probably the going rate, simply as grazing land for the pony crowd its the sort of money they seem to pay. Small areas near villages etc do go for proportionally far morethan plain agricultural land and if there is a house it backs onto it can add serious money. Last house I had I paid 50K for 1/3 of an acre of land on the edge of a river, seems excessive but it was based on what it would add to the house value wise, which as a large 4 bed in a good village with no garden was a lot more than we had to pay for the land. Quote Link to comment Share on other sites More sharing options...
Boondock Posted October 29, 2012 Report Share Posted October 29, 2012 (edited) 6-8 grand an acre round these parts but if small parcels come up they go for a lot maore as there are loads of people out there who want amenity land for one thing or another 55k sound steep though. Look at some of the prices acheived here. http://www.cheffins....mber-2012-259-0 I was after lot two but went way over what I was gonna pay. Edited October 29, 2012 by Boondock Quote Link to comment Share on other sites More sharing options...
Doc Holliday Posted October 29, 2012 Author Report Share Posted October 29, 2012 (edited) It is on the outskirts of a village which is mixed affluence. The field would have been about 4 acres originally. There is a half acre which no one knows who owns it and approximately one acre whih had... erm, a travelling family on it. I've spoken to a local who knows all the ins and outs of its history and the family that are already living on a sectioned off piece of land keep themseves to themselves and like a quiet life (apparently). Access is pretty much off a country lane which is about 20 yards from the main road. As said previously, it seems to be worth what anyone is prepared to pay for it Edited October 29, 2012 by Doc Holliday Quote Link to comment Share on other sites More sharing options...
wickedwickedmotox Posted October 29, 2012 Report Share Posted October 29, 2012 Small parcels will ALWAYS fetch a higher premium as more people can afford smaller parcels of land, 8k an acre id be interested in that! down here anywhere between 15k to 20k an acre! someone recently bought 1 acre field near us for 40k! Pony people are mad for it as small parcels dont come up very often! Remember if you have the cash and can afford buy it youll never lose on it! they aint going to build more! Quote Link to comment Share on other sites More sharing options...
jackinbox99 Posted October 29, 2012 Report Share Posted October 29, 2012 Ive been looking at buying some land for a few years now and the prices vary ridiculously Ive seen some for about £1000->£3000 per acre, others seem to be £20,000 per acre. Its like the sellers seem pick random numbers. The problem I find is that some areas seem to be granting planning permission on anything these days. Theres a few farmers i know who are now building mansions in their fields in the middle of nowhere, living in them for a year or soo, then selling them off and making a killing. One near me recently got permission to build 43 houses in just 5 acres of land. Another is building 115 houses in 8 acres at the end of our village. Each small building plot is up for around £100,000. Thats some serious profit! Quote Link to comment Share on other sites More sharing options...
Catweazle Posted October 29, 2012 Report Share Posted October 29, 2012 One near me recently got permission to build 43 houses in just 5 acres of land. Another is building 115 houses in 8 acres at the end of our village. Each small building plot is up for around £100,000. Thats some serious profit! Such is the madness of our planning system. Quote Link to comment Share on other sites More sharing options...
Doc Holliday Posted October 29, 2012 Author Report Share Posted October 29, 2012 (edited) It seems that if you are looking to build a house for you and your family you stand next to no chance but if you are going to cram i nas many houses as possible then you stand a good chance of getting permission. I can't tell you how many bits of MGB land have been built on in my local authority. That aside, I have foud out from Land Registrythat the guy did pay £45k for it almost 3 years ago si it's not like he's making shed loads on it. Edited October 29, 2012 by Doc Holliday Quote Link to comment Share on other sites More sharing options...
rimfire4969 Posted October 29, 2012 Report Share Posted October 29, 2012 I have bought a few acres here and there. Last field a bought right next to my house so I was willing to pay a bit more was 2.2 acres for 17k about 2 years ago. Least I paid was for 3 acres about 18k. Down here guide price now for a horse field is anout 10k an acre. Quote Link to comment Share on other sites More sharing options...
Catweazle Posted October 29, 2012 Report Share Posted October 29, 2012 That aside, I have foud out from Land Registrythat the guy did pay £45k for it almost 3 years ago si it's not like he's making shed loads on it. Maybe he paid £45k because he hoped for a change of use or planning permission, now he's been told "no chance" he's going to let you have a go. What do you want to do with the land ? You don't have to own land to make planning enquiries about it. Quote Link to comment Share on other sites More sharing options...
Doc Holliday Posted October 29, 2012 Author Report Share Posted October 29, 2012 Was looking to get change of use to business so I could potentially get my office and stores on there. There is a footprint of a building believed to be a barn of some kind and planning officer said stables would be ok. Homework would need to be done to see what building have been on there previously and how long ago they were raised to the ground. Quote Link to comment Share on other sites More sharing options...
mark@mbb Posted October 29, 2012 Report Share Posted October 29, 2012 Before you can build on it doc you will have to get change of use from agricultural and i wouldnt think there is any way you can get change of use for business and to build houses on it you would have to get it included in the villages ten year plan of what they think there housing needs will be in ten years Quote Link to comment Share on other sites More sharing options...
Catweazle Posted October 29, 2012 Report Share Posted October 29, 2012 Was looking to get change of use to business so I could potentially get my office and stores on there. There is a footprint of a building believed to be a barn of some kind and planning officer said stables would be ok. Homework would need to be done to see what building have been on there previously and how long ago they were raised to the ground. Planning officers are open to offers, if you were to offer half the site to the council for allotments at a peppercorn rent you might get the permission you want for the other half. Worth a try, councils always want to look good to residents without spending any money. Quote Link to comment Share on other sites More sharing options...
Starman Posted October 29, 2012 Report Share Posted October 29, 2012 AS stated previously, small parcels can go for a lot of money. Is the electric going to come off a pole and if so is there a transformer already? EDF told me putting a three phase supply onto my land would be about £2,500 but once suveyed they quoted £13,500. as I need a transformer. Quote Link to comment Share on other sites More sharing options...
Kes Posted October 29, 2012 Report Share Posted October 29, 2012 In Cheshire its the same picture - agricultural land for £5k per acre is not wild but less is normal. 'Accommodation land' can be anything up to £20K per acre. Small parcels are often priced to ensure a significant profit. Its a specialist game, as with planning permission, £500K per acre is very reasonable and going up. Quote Link to comment Share on other sites More sharing options...
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