NFU Mutual Smallholding Insurance

Author Topic: advice on land  (Read 1499 times)

scottydog

  • Joined Aug 2012
advice on land
« on: October 24, 2012, 09:16:25 pm »
Hi all, can I have some thoughts on the cost of 5 hectares 60 X30 ft barn with electric, water and private sewage system, Included in the acreage is around 3 acres of broadleaf woodland in Devon /Cornwall border.

Just not sure what people think that it is worth.

Cheers
scottydog :wave:
Voss Electric Fence

benkt

  • Joined Apr 2010
  • Cambridgeshire
    • Hempsals Community Farm
Re: advice on land
« Reply #1 on: October 24, 2012, 09:52:01 pm »
I'll have a wild guess!
Taking the price per acre of farmland as around £8k
(see a recent topic on this: http://www.accidentalsmallholder.net/forum/index.php?topic=25660 )
gives the 12 acres a value of £96k add on the barn perhaps £15-20k - hard  to say without knowing materials/condition - and a bit for the services. So I'll guess £120k, assuming reasonable access and no likelihood of getting planning for house!

If i were looking to buy it, I'd be careful as to the exact area as you get more permitted development rights on agricultural holdings of five acres and above so I think it would be worth less if its just under and perhaps a bit more if just over five hectares.

downsized

  • Joined Oct 2012
  • Dumfriesshire
Re: advice on land
« Reply #2 on: October 24, 2012, 10:48:51 pm »
Depends on the type of land and the location, up here unimproved permanent pasture is around 3.5k/acre, don't reckon the woodland will be worth much more, reckon the barn is probable worth nearer 20k, so anything between 62k and whatever someone is prepared to pay.

SallyintNorth

  • Joined Feb 2011
  • Cornwall
  • Rarely short of an opinion but I mean well
Re: advice on land
« Reply #3 on: October 25, 2012, 12:50:40 am »
Worth £120k ish, what it'll fetch - anyone's guess.  What's the guide price?
Don't listen to the money men - they know the price of everything and the value of nothing

Live in a cohousing community with small farm for our own use.  Dairy cow, beef cattle, pigs, sheep for meat and fleece, ducks and hens for eggs, veg and fruit growing

deepinthewoods

  • Guest
Re: advice on land
« Reply #4 on: October 25, 2012, 07:54:55 am »
150k +   devon and cornwall 10/15k / acre, woodland is being snapped up as 'investments' as people are putting conveerted buses and movable structures in them for holiday spots. if its a nice plot it will go more.

 

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