Prev: Forgive me father, for I have very nearly sinned
Next: Petseal etc.
From: A.Lee on 6 Jun 2010 13:23
Catman <catman(a)rustcuore-sportivo.co.uk> wrote:

> Interesting. Where do you get that figure from, cos this is up for 75k
> an acre. At 5k an acre, I'd write them a cheque.

A bit of land came up for sale near to me 3 years ago, around an acre in
size. Horses had been kept on it, and it was only for sale as
agricultural/horse land - green belt, so no chance of building.
I fancied it for shooting etc, so rang and asked the guide price,
expecting up to �10k.
I thought she said �8000 when asked. I said "I'll put an offer in then,
I thought it may be a bit more than 8000".
She replied, "No,it is �80,000."
Apparently, horsey folk buy it for their own horses use, then rent out 2
or 3 stables to others, and it usually pays for itself after 10 years.
With it being right at the edge of a reasonably affluent village, there
was no shortage of people wanting to buy a local field to keep their
horse in.
5k would buy something 5 miles from the nearest house, with a dirt track
or footpath as the only access.

Alan.
--
To reply by e-mail, change the ' + ' to 'plus'.
From: SIRPip on 6 Jun 2010 14:06
A.Lee wrote:

> A bit of land came up for sale near to me 3 years ago, around an acre
> in size. Horses had been kept on it, and it was only for sale as
> agricultural/horse land - green belt, so no chance of building.
> I fancied it for shooting etc, so rang and asked the guide price,
> expecting up to �10k.
> I thought she said �8000 when asked. I said "I'll put an offer in
> then, I thought it may be a bit more than 8000".
> She replied, "No,it is �80,000."
> Apparently, horsey folk buy it for their own horses use, then rent
> out 2 or 3 stables to others, and it usually pays for itself after 10
> years. With it being right at the edge of a reasonably affluent
> village, there was no shortage of people wanting to buy a local field
> to keep their horse in.

A mate of mine bought a new house on the edge of a Mid-Beds village -
nice house, in the way of 'luxury developments' - 4/5 beds, 3 baths,
detached double garage, that sort of thing. Anyway: the builder had
fucked up and cut himself off from two potential plots at the back, so
when Big Andy had moved in, the builder turned up on the doorstep and a
deal was struck for the "paddock" behind his house - for 7.5k.

He was almost immediately approached by a burd from a cottage down the
road, who wondered if she could "graze her horse" on his verdant
pasture. She paid him, as did another couple of horsey locals - then
they asked if they could build stables (for themselves - and another
few horsey locals) along two sides, and if he would mind if they
arranged for a water supply. They paid him for the stabling.

Five years later ... he paid his house off at Christmas.

He thought he'd be good for beerandfags level cash, but it growed like
Topsy and now he's the proud owner of what looks like a livery stable
complete with a very popular muckheap (for the output of which the
allotmenteers pay him), a ride-on mower for when the horses can't keep
it down and, best of all, since the owners of the house next door got
fucked off and settled the umpty-ninth insurance claim for horsey types
taking lumps out of their garage with badly-reversed horseboxes -
they've demolished the garage, built a new one on the other side of
their house and sold Andy that bit of land for access to the paddock.

This means he now has access to the building plot that was denied in
the first place. I think he's going to retire shortly.

--
SIRPip : B12
From: Pip Luscher on 6 Jun 2010 14:22
On Sun, 06 Jun 2010 17:47:05 +0100, Catman
<catman(a)rustcuore-sportivo.co.uk> wrote:

>Krusty wrote:
>> Catman wrote:
>>
>>> OK, so if I wanted to do something really stupid, what are the odds of
>>>
>>> 1) Getting a mortgage to buy 2 acres of arable land [1]
>>
>> Zilch iwht. How much is it anyway? Around 5k/acre is the average so a
>> personal loan paid off asap would be a better bet.
>
>Interesting. Where do you get that figure from, cos this is up for 75k
>an acre. At 5k an acre, I'd write them a cheque.

A few years ago I bought about three anna half acres for twelve K. But
this is pure agricultural land in the wilds of Suffolk, with no direct
road access (there is a private track that I have right of access
through though).

For a plot in a village with roadside access and the prospect of it
maybe getting PP I'd expect it to be much, much higher. Also, as a
rough rule, the smaller the plot, the higher the cost per acre.


--
-Pip
From: Catman on 6 Jun 2010 14:41
malc wrote:
> Catman wrote:
>> Krusty wrote:
>>> Catman wrote:
>>>
>>>> OK, so if I wanted to do something really stupid, what are the odds
>>>> of 1) Getting a mortgage to buy 2 acres of arable land [1]
>>> Zilch iwht. How much is it anyway? Around 5k/acre is the average so a
>>> personal loan paid off asap would be a better bet.
>> Interesting. Where do you get that figure from, cos this is up for 75k
>> an acre. At 5k an acre, I'd write them a cheque.
>
> How much? I would have expected between 10 and 20k an acre for arable land.
>

I did some more digging into prices. The *cheapest* I can find land
round here, with no planning permission is IRO 10k per acre. The highest
is moving happily into the 1 million per. That's often with existing
buildings and / or detailed planning permission.

--
Catman MIB#14 SKoGA#6 TEAR#4 BOTAFOF#38 Apostle#21 COSOC#3
Tyger, Tyger Burning Bright (Remove rust to reply)
116 Giulietta 3.0l Sprint 1.7 GTV TS GT 3.2 V6
Triumph Sprint ST 1050: It's blue, see.
www.cuore-sportivo.co.uk
From: Catman on 6 Jun 2010 14:42
A.Lee wrote:
> Catman <catman(a)rustcuore-sportivo.co.uk> wrote:
>
>> Interesting. Where do you get that figure from, cos this is up for 75k
>> an acre. At 5k an acre, I'd write them a cheque.
>
> A bit of land came up for sale near to me 3 years ago, around an acre in
> size. Horses had been kept on it, and it was only for sale as
> agricultural/horse land - green belt, so no chance of building.
> I fancied it for shooting etc, so rang and asked the guide price,
> expecting up to �10k.
> I thought she said �8000 when asked. I said "I'll put an offer in then,
> I thought it may be a bit more than 8000".
> She replied, "No,it is �80,000."
> Apparently, horsey folk buy it for their own horses use, then rent out 2
> or 3 stables to others, and it usually pays for itself after 10 years.
> With it being right at the edge of a reasonably affluent village, there
> was no shortage of people wanting to buy a local field to keep their
> horse in.
> 5k would buy something 5 miles from the nearest house, with a dirt track
> or footpath as the only access.
>

The horse stuff I can understand, but AFAICT this is covered in grain
right now.

--
Catman MIB#14 SKoGA#6 TEAR#4 BOTAFOF#38 Apostle#21 COSOC#3
Tyger, Tyger Burning Bright (Remove rust to reply)
116 Giulietta 3.0l Sprint 1.7 GTV TS GT 3.2 V6
Triumph Sprint ST 1050: It's blue, see.
www.cuore-sportivo.co.uk
First  |  Prev  |  Next  |  Last
Pages: 1 2 3 4 5
Prev: Forgive me father, for I have very nearly sinned
Next: Petseal etc.