Farm Tender Value, 20 yr FBT, Herefordshire

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Too much imo. Doesn't take into account hassle, late payment deductions of sfp. Pay them 75% max of that. Having said that I think your formula is the only way you will compete in a lot of circumstances.

Agents won't take into account that either. I bid £130 an acre for a 96 acre farm, with 4 bedroom house. The farm was a ruin, buildings rundown, no fencing and pasture knackered. The view of the agents was that its market value was significantly higher and I wasn't even invited for interview.

Money is the biggest playing, no matter what anyone else says.

 

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Who's going to the viewing tomorrow?

 

[Stevethemeat]

I m booked in for a veiwing and like you have no idea what it's worth if it's even worth putting your neck on the block only thing I can see is it's a decent long term landlord

 

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I m booked in for a veiwing and like you have no idea what it's worth if it's even worth putting your neck on the block only thing I can see is it's a decent long term landlord

Had long chat with the agent and that Lady character, seem to definitely be in it for the long term. Farm needs lots of work, house not very big. Lots of thinking to be done. How'd you find it?

 

[Stevethemeat]

Lot of youngsters there made me feel old lol you could do a lot there if you have the cash on hand as it will house a lot of cows still no idea what it's worth when they say potato ground over the fence is £250+ acre and grass letting is most expensive in uk round there but it's all down to what will make you a reasonable living with some left over to invest for the future

 

[Stevethemeat]

I see your in Wiltshire did you have a go at the dairy unit at kevill recently

 

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There was loads of dairy kit, parlour still had electricity to it. Shame its not a dairy.

I see your in Wiltshire did you have a go at the dairy unit at kevill recently

Was that the Wiltshire County Council one? I went for the smaller one. Went for silly money

 

[ajcc]

Don't be put off by inflations of TFF discussion. IMO values are usually well inflated and removed from reality when several third parties get speculating.

 

[Stevethemeat]

What did the small one go for I looked at it but dident like it at all to many neighbours

 

[Stevethemeat]

Don't be put off by inflations of TFF discussion. IMO values are usually well inflated and removed from reality when several third parties get speculating.

I have put in a few tenders over the years now and I always try to find out what sort of band price tenders we're received and often speculation prices are not far from the mark

 

[fodderfarm]

D day today, good luck to all who placed a tender

 

[fodderfarm]

How many ppl watching this thread holding their breath?

 

[fodderfarm]

well thats us off the list, must be some silly money floating around! onwards and upwards

 

[Stevethemeat]

Have you had a letter or an e mail

 

[fodderfarm]

letter saying very high amount of applications to a very high standard, etc. Our price was on the high side but allowing us to make some profit. and wouldn't of gone any higher

 

[Stevethemeat]

How many ppl watching this thread holding their breath?

I think there could be a lot of oxygen starved farmers glad I don't have to pick one from the many good ideas that will have been presented

 

[Stevethemeat]

Got my letter this morning I'm out

 

[Map2uk]

Dream on.

3 Bedroom house = £8400
220 acres of sub = £18480
220 acres of rent = £11000
£37,880 yearly or £172 an acre

Your formula will be about bang on spec. Unfortunately it will cost the new tenant approx £14k to buy the entitlements to then claim the subsidy to then pass it on to the landlord. Good luck to them regaining their savings, I bet their business plans didn't show them getting back the entitlement capital spend before 2022.

 

[Jo28]

£172!!!! I'm sorry but anyone bidding that wants their heads looking imho. Will be working for nothing.

 

[Martyn]

As its a duchy unit i know from experience that the rent value isnt all they look at. We were £45/55 below top offer and were succesfull.