Author Topic: advice on land (Read 3093 times)

scottydog · « **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

benkt · « **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 · « **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 · « **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?

deepinthewoods · « **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.