Land Price West Wales

[George from SJM Planning]

Hi all,

Looking to make an offer on some grazing land in West Wales and I have been asked to make the initial offer but don't know where to start.
The land is 4ac and has only been used for cattle grazing, it has never been cropped, it is wet throughout the winter and needs new boundary fencing.
Any ideas on a starting price p.a?

 

[Doing it for the kids]

£4K / ac?

john Francais might give you some comps

 

[George from SJM Planning]

£4K / ac?

john Francais might give you some comps

Thank you, I was in the right ballpark then.

 

[Knittingbandit]

Wow you people are blessed. Ground in N. Ireland here is £15K/ac. A farm consisting of a run down small house a couple of old hay barns and 28 acres made £600K last week, all small fields and overgrown hedges, but grounds good

 

[vantage]

Wow you people are blessed.

No, just realistic.

 

[Doing it for the kids]

not bought down there for a while. They were hit hard by the recession and have taken time to come back out but new money has discovered the M4 and noticed how cheap it is Down there.

there are some stunning spots about not farm from main roads, only the Welsh distract from the area

Wow you people are blessed. Ground in N. Ireland here is £15K/ac. A farm consisting of a run down small house a couple of old hay barns and 28 acres made £600K last week, all small fields and overgrown hedges, but grounds good

ha, head 150 miles East and 15k an acre is the going rate for normal ag land, be closer to 25k for a 4 ac Wilderness.

its all about location

 

[harrow]

West Wales rural property prices have gone absolutely crazy in the past couple of months, agreed that includes buying a house as well but I do hope prices calm down very soon.

 

[George from SJM Planning]

Yes we have no chance of buying land with a property, this land is close to our home and bounds my in-laws land so is the next best thing.
Smallholdings are selling like hotcakes, in fact a local estate agent stopped my dad in the street to ask he he wanted to put his on the market.

 

[Doing it for the kids]

Yes we have no chance of buying land with a property, this land is close to our home and bounds my in-laws land so is the next best thing.
Smallholdings are selling like hotcakes, in fact a local estate agent stopped my dad in the street to ask he he wanted to put his on the market.

bid your time, in 5 yrs they will sell up, too much effort looking after the wilderness!

 

[Highland Mule]

I bought a small adjoining bit a few years ago - trouble is that the per acre bit becomes less meaningful when the size drops. Let's be honest £20k is loose change for many in this country, which makes things tricky.

I'd maybe offer £20k, but be prepared to go a bit more. Or do as I did and offer a bit less, then when they say "och no, I'd need twice that", bite their hand off and agree.

So go in at £15k, but then settle on £30k?

 

[Ukjay]

Parc y Rhos, Cwmann, Lampeter, SA48 Farm land - £69,950

Morgan & Davies - Lampeter present this Farm land in Parc y Rhos, Cwmann, Lampeter, SA48

www.onthemarket.com

Well, if this is anything to go by...

 

[Derrick Hughes]

Rough land around here asking £10.000 acre

 

[7610 super q]

I would have thought at least £7k / acre for anything half decent ?

 

[George from SJM Planning]

Thank you all, went in at 6 and agent is going to take that to the vendor

 

[Johngee]

I would think 4k is a bit low. A small farm of 70 acres near here sold recently for £960,000, luckily for the vendor it was between two big dairy farms who bid it up more than the asking price

 

[Still Farming]

10k acre minimum plus all costs more like it possibly?
Any road frontage and mains water?
Any electric or telephone poles about?

 

[Forkdriver]

Good luck with your bid. I think you are in the right area for a larger area of land, but could be bidding against the horse owners, although lying wet in winter won't suit them.

 

[George from SJM Planning]

10k acre minimum plus all costs more like it possibly?
Any road frontage and mains water?
Any electric or telephone poles about?

No road frontage, no services, no wayleave.

 

[George from SJM Planning]

Good luck with your bid. I think you are in the right area for a larger area of land, but could be bidding against the horse owners, although lying wet in winter won't suit them.

It will be used for horses in the summer and sheep in the winter.

 

[Forkdriver]

It will be used for horses in the summer and sheep in the winter.

I hope that the fencing is up to scratch then. We are replacing rotten fence posts all the time with creosoted, so hopefully we will never need to do them again. We spend a lot of time returning little Welsh ewes and lambs to their rightful paddocks.