Hi Rob and Rachel, we're very new to all this too. we bought 17 acres nearly 2 years ago. we were looking at about 5 acres but this dream property had a massive price reduction and we ended up living in the dream!
i have few bits of advice, others may dissagree but if you genuinly feel you will end up with livestock make sure you.add the price of good fencing into your purchase pricing equasion. There is nothing worse than trying to round up escaped livestock especially if, like us you're near a road. also beware of people giving away bargains or getting you to take stock off them because you feel sorry for them, i have heard of so many people who have ended up with goats that don't produce milk or chickens that all turn out to be cockerels, do you get my drift. that being said all the farmers who've given me advice in the last year have been very helpfull and always happy to give advice. Finally, take it slowly don't be swept along by the excitment of it all. Get a few chickens and learn about them, plant some veg and sort out where the best place is for everything. you don't have to use all your land at once you can always get a contracter in and make hay and sell it. If you can afford it go on some courses, there are plenty of adverts in smallholder and country smallholding magazine. read lots of books. tim tyne is great for sheep, john seymour is a good alround read and there are some great farming biographies, chas griffin is a good read just to keep you chuckling.
No matter what the weather, standing in the middle of your own field and breathing in the morning is one of the greatest joys in life, my only regret, not managing it when my children were small.
have fun, Helen