The Accidental Smallholder Forum

Smallholding => Land Management => Topic started by: paulo on May 08, 2017, 08:15:34 pm

Title: Grazing land valuation
Post by: paulo on May 08, 2017, 08:15:34 pm

Help! I have inherited a 50% share of a piece of land (<1 acre) It has been previosly rented out for around £100pa and has held a couple of sheep, when it wasn't rented out the hedging ended up costing over £200. The field is rectangular with a road on 2 sides and fields on the other 2, It has a public right of way around 2 sides and it cannot be built on. It also slopes in from all sides to the bottom. There is no water supply or electricity. How on earth can I value it without the cost of employing land surveyors? (I believe it is described as rough pasture /grazing.)

Thanks

Title: Re: Grazing land valuation
Post by: juliem on May 17, 2017, 01:27:21 am

Why do you need a valuation? Is it for a solicitor..or to do with a will.Land is only worth what someone is prepared to pay for it ! I had to do a deed of gift of some land and a proper valustion was required by estate agent some 5 yrs ago.It cost £160.
I dont think rough pasture prices have changed much over the last few years.Pony paddock land can be worth a bit more.

Title: Re: Grazing land valuation
Post by: bj_cardiff on May 17, 2017, 08:06:29 am

It depends greatly on where in the UK you are, the closer to any towns or cities the greater the value. It sounds like it'd make an ideal pony paddock, or would suit someone wanting to keep a few sheep. I'd ask a rural estate agent to come out and value it for you as a rough guide.