Land price - old orchards

Fromebridge

Member
BASIS
Location
West Glos
Apologies, not really ag related and I could find out but don't know where to look. We own 2.75 acres of mature cider orchard next to the Severn near Gloucester. We are in a legal 'discussion' with SIL who is contesting her mother's will, and reminds us how lucky we are to have this land (bought from MIL long ago) now worth £10,000 per acre. Since it is at best rough pasture among some old apple trees, and floods regularly when river floods (it's where folk go to watch the Severn Bore), we'd be surprised if this valuation is correct. (Any development would need a lot of investment in flood defences)
Anyone got any ideas?
TIA
 

Kidds

Member
Horticulture
Sounds accurate to me, possibly on the low side given the amount of townies wanting a patch of land right now. £50k is within a lot of peoples reach.
 

lloyd

Member
Location
Herefordshire
Apologies, not really ag related and I could find out but don't know where to look. We own 2.75 acres of mature cider orchard next to the Severn near Gloucester. We are in a legal 'discussion' with SIL who is contesting her mother's will, and reminds us how lucky we are to have this land (bought from MIL long ago) now worth £10,000 per acre. Since it is at best rough pasture among some old apple trees, and floods regularly when river floods (it's where folk go to watch the Severn Bore), we'd be surprised if this valuation is correct. (Any development would need a lot of investment in flood defences)
Anyone got any ideas?
TIA
Sorry if I'm missing something but you've stated you bought it off MIL a long time
ago ,if you had just been given it things might be different.
 

solo

Member
Location
worcestershire
For probate valuations, agents use sales of similar types of land in the locality to provide evidence of how they arrive at their valuation. If you speak to local land agents they should be able to provide you with similar property sales values.
 

Nearly

Member
Location
North of York
If you get a professional valuation then the price now is immaterial. (but get it anyway for yourself)
What matters is the valuation when you bought it and the price that you paid.
What did Mum do with the proceeds of the sale?
Did you really just give her a boost to her pension to save her having to sell a part of her house to remortgaging parasites?
SiL perhaps should be the grateful one?
 

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Farmdeals is looking for 50 Farmers to test our App

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We are now looking for 50 farmers ahead of a early December launch of the Farmdeals app. Fuel will be the first product available so those testers should ideally have intention to buy fuel or heating oils through December and January.

Key differences over other buying groups include:
  • It will have no joining or membership fee and will be open and free to all UK farmers
  • It will not insist on commitment to use exclusively, members are free to buy from their existing suppliers or even other buying groups
  • It will not insist upon price secrecy, in fact actively sharing deals available will be encouraged to try and get everyone even better prices
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