Derelict Farm Worth It?

[garfield89]

We are considering putting in an off on a small farm, now derelict for nearly 10 years.

Hopefully the attachment gives more details if you'd like to see.

Main points are:
The price of the farm reflects its development rather then agricultural potential.
23 acres of good grazing land.
Farm house so bad, it could be structurally unsound, however needs survey.
13 Farm buildings, only 3 in good condition, 7 need major repair and at least 3 need pulling down.
EE antenna on land bringing in an annual income.
One footpath cutting straight through land.
Farm fairly close to large population centres of Greater Manchester.
Current owners made frequent attempts to develop land for housing and failed due to greenbelt restrictions.
Despite this there is still great interest in the property, largely from other developers.
There are many unknowns: how much to reconnect to grid, septic tank, overall security to name a few.

Questions:
Obviously due to the small acreage, additional income could be derived from care farm work and renting out some converted farm buildings as work units. How realistic would you view this?

Considering the years of work, easily over a decade, that it would take to make the place liveable along with functional buildings, is it worth the money, blood sweat and tears?

https://www.thetelegraphandargus.co...+Bolton,+Greater+Manchester/gallery/20243423/

 

[SilliamWhale]

Have you got another million on top?

It will probably be worth it asset wise when you are old. But if you don't have the spare cash you will forever be spending on something "for the future"

 

[Yale]

Run! Away fast!

Keep your money for a little while and you will buy far more for far less when the recession bites proper.

 

[deere 6600]

In our area planning is passed easily to knock down redundant farm buildings and build new houses on site makes these partial ruins worth a lot as far as ground goes might find some builder willing to take a long term risk on green belt building or mr tree planter

 

[David.]

Surely any agent capable of finding his own bum with both hands will have factored this in?

 

[ringi]

That sounds like the good way to save inheritance tax as its unlikely the planning restrictions will outlive the grandchildren, I expect the price will reflect that type of possibility. Or a riding school etc.

 

[Nearly]

Run! Away fast!

Keep your money for a little while and you will buy far more for far less when the recession bites proper.

The top end of the market (which this could be) will not drop.
Those with personal money on deposit or developers with surplus funds will rather buy a project than receive 3% interest in times of 10% inflation.

By the way farmhouse, yard and 4 acres for sale £1m.

 

[BuskhillFarm]

That would get £400k with us and save one of the local businesses paying as much tax this year. Only dairy farmers and businessmen buy land near us

 

[BAF]

If you pack your passport and cross the border I know of a farm for sale. The parents are too old and the son that ran the farm and haulage business killed himself 18 months ago. The other farming son lives away and the remaining kids aren't farming minded. They ran sheep and cattle over 150 acres as well as running a livestock haulage business. After the some topped himself all the stock got sold off, the haulage business got wound up and the rented ground given back. The place is on for 8 or 900k I can't remember. Comes with 50 acres loads of buildings and the farm house. It could do with modernising but it's habitable and was running as a farm until the last 6/9 months. Down side is the location its right by the River Severn and the back of the farm is right by the Vyrnwy and it gets pretty close up! I think it's a little over priced but the river ground does grow some very good grass!

 

[jackp]

If you pack your passport and cross the border I know of a farm for sale. The parents are too old and the son that ran the farm and haulage business killed himself 18 months ago. The other farming son lives away and the remaining kids aren't farming minded. They ran sheep and cattle over 150 acres as well as running a livestock haulage business. After the some topped himself all the stock got sold off, the haulage business got wound up and the rented ground given back. The place is on for 8 or 900k I can't remember. Comes with 50 acres loads of buildings and the farm house. It could do with modernising but it's habitable and was running as a farm until the last 6/9 months. Down side is the location its right by the River Severn and the back of the farm is right by the Vyrnwy and it gets pretty close up! I think it's a little over priced but the river ground does grow some very good grass!

Which agent has this for sale ? Thanks

 

[neilo]

Which agent has this for sale ? Thanks

Roger Parry

 

[thorpe]

We are considering putting in an off on a small farm, now derelict for nearly 10 years.

Hopefully the attachment gives more details if you'd like to see.

Main points are:
The price of the farm reflects its development rather then agricultural potential.
23 acres of good grazing land.
Farm house so bad, it could be structurally unsound, however needs survey.
13 Farm buildings, only 3 in good condition, 7 need major repair and at least 3 need pulling down.
EE antenna on land bringing in an annual income.
One footpath cutting straight through land.
Farm fairly close to large population centres of Greater Manchester.
Current owners made frequent attempts to develop land for housing and failed due to greenbelt restrictions.
Despite this there is still great interest in the property, largely from other developers.
There are many unknowns: how much to reconnect to grid, septic tank, overall security to name a few.

Questions:
Obviously due to the small acreage, additional income could be derived from care farm work and renting out some converted farm buildings as work units. How realistic would you view this?

Considering the years of work, easily over a decade, that it would take to make the place liveable along with functional buildings, is it worth the money, blood sweat and tears?

https://www.thetelegraphandargus.co.uk/homes/homes_for_sale/in/Lostock,+Bolton,+Greater+Manchester/gallery/20243423/

not at my age!

 

[Skintagain]

If I could manage it I would buy it personally.

 

[Blue.]

We are considering putting in an off on a small farm, now derelict for nearly 10 years.

Hopefully the attachment gives more details if you'd like to see.

Main points are:
The price of the farm reflects its development rather then agricultural potential.
23 acres of good grazing land.
Farm house so bad, it could be structurally unsound, however needs survey.
13 Farm buildings, only 3 in good condition, 7 need major repair and at least 3 need pulling down.
EE antenna on land bringing in an annual income.
One footpath cutting straight through land.
Farm fairly close to large population centres of Greater Manchester.
Current owners made frequent attempts to develop land for housing and failed due to greenbelt restrictions.
Despite this there is still great interest in the property, largely from other developers.
There are many unknowns: how much to reconnect to grid, septic tank, overall security to name a few.

Questions:
Obviously due to the small acreage, additional income could be derived from care farm work and renting out some converted farm buildings as work units. How realistic would you view this?

Considering the years of work, easily over a decade, that it would take to make the place liveable along with functional buildings, is it worth the money, blood sweat and tears?

https://www.thetelegraphandargus.co.uk/homes/homes_for_sale/in/Lostock,+Bolton,+Greater+Manchester/gallery/20243423/

Not the greatest of areas.

The house looks like Putins had a go at it.

 

[David.]

Easy to get a big wardrobe into bedroom though.

 

[Davy_g]

This will either be a life long labour of love or you have significant cash to renovate and upgade it all now.
You are asking the question for a reason. If you have the time and the money then why not buy it. Opportunities for an open farm or horsey type place. Till of course you eventually sell to a developer.

 

[Spencer]

Surely any agent capable of finding his own bum with both hands will have factored this in?

Have you met some of the new ones