Landless Gentry
Member
- Location
- Northern Ireland
That hasn't cheered me up!
Buying Land
- Thread starter Landless Gentry
- Start date
That hasn't cheered me up!
- Location
- south norfolk
I’m sure it hasn’t but just giving an example.if I’d have sold my bit at £10k an acre I’d make £7k having paid £3 for it.then the Hmrc want 40% of profit as it’s unearned income and things don’t look so rosy then,along with other costs aswell.having said that I wish you good luck in your quest
Nick...
Landless Gentry
Member
- Location
- Northern Ireland
Thanks Nick. Yes, that's the reason I posted. I wanted to see if it was really feasible and how to go about it.
Thank you all for your help. It looks like these veggies could be pretty expensive! Lol
Thank you all for your help. It looks like these veggies could be pretty expensive! Lol
Steevo
Member
- Location
- Gloucestershire
Exactly. Small chunks attract a premium too for various other reasons.
I just bought a fraction of an acre for what ended up being nearly 100x what an agent would call the "going rate" for proper farmland. I wish it had been cheaper.....but as my land surrounds it on all sides bar the road I couldn't risk it going to anyone else.
There's plenty of others out there looking to make something out of an opportunity. Sometimes if you want something you've got to pay the going rate.
Landless Gentry
Member
- Location
- Northern Ireland
As small chunks of land cost more, for the reasons listed, I wonder what the magic number is for the largest amount of land at the lowest price i.e. what acreage is the best value for money.
renewablejohn
Member
- Location
- lancs
Cheapest option is a small woodland and then make a clear area within it using your annual felling allowance.
How long is this piece of string??????
In seriousness, an acre is waaaay more than you'll want.
If someone unknown came to me, but all their credentials checked out, wanted half an acre on the side of a reasonable bit of ground to do as you suggest (and the shed and trees make it a much scarier prospect), I guess £500/annum wouldn't even get my attention.
Conversely, if it was a pal, and having him there was useful to me, I might look more favourably.
I've let peeps in using yard space on a remote site before for nought, and had no cause to regret.
Dunno. Without well established relationships with yer man, it'll be an uphill struggle to get your foot in the door.
Sorry
Amenity players tend to be dropping out once you're over 40-50 acres.
Prices above that level are fairest indicators.
Very large parcels in a single block can carry their own premium to those with very deep pockets.
- Location
- Hereford
If it's as much for the enjoyment then see if a local landowner will let you 'take on' the work in their veg patch Ina deal that you grow all the produce and keep it tidy and they get half of anything produced . Many farms have large garden areas but no time to do the gardening .
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
I don’t think you’ll find a magic number as far as tapping on farmers doors asking to buy is concerned but might if you can find some coming onto the market allthough a lot will depend on location.
Small blocks, a few acres are also quite sought after for pony paddocks so you’ve either got to outbid them or go even bigger for a field/fields that are bigger than they want so probably 10 acres plus at a minimum at which point you start running into blocks of land which could be of interest to local farmers. Farmers are far less likely to want to pay some of the silly prices quoted earlier but as the land parcel gets bigger so to does the overall price even if the per acre price isn’t so bad.
It really is a lottery how much smaller blocks of land will make as I said depending on pony paddock or farmer interest.
Probably cheapest thing you could buy per acre would be a smallish grass field in an all arable area which was too small to be of interest to farmers if you were lucky enough that no one else was interested
Landless Gentry
Member
- Location
- Northern Ireland
That's an interesting idea. They continue to own the land so have total control plus plenty of vegetables and I get all the vegetables I want plus the relaxation and enjoyment at much less cost. A win-win for both perhaps.
Landless Gentry
Member
- Location
- Northern Ireland
I asked the question out of curiosity. There is no way I can buy 50 acres, as much as I'd love to. I'm in NI so it's mostly grazing land.
Landless Gentry
Member
- Location
- Northern Ireland
I don't want to give my address but I'm not far from the Derriaghy Road, Lisburn, if you're interested.
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
I realise it’s out of your league but 50 acres can have more farmer interest than a smaller block of 15/20 acres which some wouldn’t think worthwhile unless close at hand.
Valuing land can be a difficult thing, who wants it and how much are they prepared to pay, there can be a massive variation
GeorgeK
Member
- Location
- Leicestershire
The cheapest bit of land will be the bit fenced off along the side of a field with the footpath on! We have a bit like that on the end of a field, 10k for the acre I'd bite their hand off. Room at one end for a veg patch but you'd never keep the walkers out
Steevo
Member
- Location
- Gloucestershire
I'd be very happy if someone came along with such an offer.
Landless Gentry
Member
- Location
- Northern Ireland
It's a pity we aren't neighbors!
icanshootwell
Member
- Location
- Ross-on-wye
There,s lots of experts on here,In the meantime I will continue to follow the experts on TFF with interest!
good luck and watch out for auctions near you, theirs always someone selling a bit off.I expect your cheapest solution would be to sell your house and buy a place with an acre or 2.Landless Gentry
Member
- Location
- Northern Ireland
There,s lots of experts on here,
That's the long term plan.
Exfarmer
Member
- Location
- Bury St Edmunds
Nick, just for future reference, you do not pay CGT on the first £11,000 gain!
well worth taking if you have an issue with the tax man
- Tags
- dairy