Renting out smallholding/ land & barn

redman87

Member
Arable Farmer
Location
Wilts
If this isn't in the right section, please feel free to move!

I've got a little smallholding consisting of approx 10 acres in two partially fenced paddocks, and a 30x45' fairly modern barn, boarded on three sides and one open side. Lit, electric plugs and could very easily be watered. Quite secluded but access almost directly from 'A' road and access to motorway etc 5 mins away

I'm looking to rent this out but really struggling to put a figure on it, as is a local agent. I'd like to keep it agricultural for obvious reasons but I'd to maximise what I take from it, so open to anything, maybe a stud?!

Would anyone more learned be able to give an opinion on a ball park figure? And also where would be best to advertise it?

Thanks!
 
Last edited:

Dry Rot

Member
Livestock Farmer
Could you try the Scottish system and put it up for "offers over £123,456". No need to take the highest offer or any offer come to that. But I'm not sure how it would work in the south?

£200/month for ten acres? £10/week for DIY livery would be cheap up here. How many can you get on 10 acres? Let to one person but allow subletting?
 

Highland Mule

Member
Livestock Farmer
£200/month = £2,400 a year. To have use of a possible £250,000+ asset? 1% return on investment and possibly a bit from SFP on the side for a year or three until they cancel it. Bonkers - you'd need much more than that for any other form of investment. And horses will no doubt ruin the land and fencing.

OP: What do you want to get from the rental?
Money - rent it to the highest bidder, with a good deposit to cover the costs of replacing the fences and disposing of a shed full of un-recyclable rubbish. Or consider selling it and putting the cash into an investment fund.
A good tenant - find a local sheep farmer you know and ask them to make it tidy and nice to look at.
 

redman87

Member
Arable Farmer
Location
Wilts
Unfortunately horsey folk aren't too keen on a DIY basis as the only access is via the busy 'A' road so there is no hacking available, there is a quieter access but I only have ag access over that.

OP: What do you want to get from the rental?
.

I don't have a figure in mind, but I need to maximise it really. £5k/year would cover my home mortgage. I hate it when people advertise with the price set at 'offers', but I guess it would be better to start high and adjust to suit interest.

I've been thinking about doing something myself along the lines of flowers, niche crops etc that I could process in the shed and ship out, but I need to earn elsewhere first.
 
start by speaking to a planning consultant. you may find if you spend a few £1000 you may have a £200 - 400 k asset there. folm would pay a lot for a small holding with planning to convert the shed to a house...
 

Highland Mule

Member
Livestock Farmer
Unfortunately horsey folk aren't too keen on a DIY basis as the only access is via the busy 'A' road so there is no hacking available, there is a quieter access but I only have ag access over that.



I don't have a figure in mind, but I need to maximise it really. £5k/year would cover my home mortgage. I hate it when people advertise with the price set at 'offers', but I guess it would be better to start high and adjust to suit interest.

I've been thinking about doing something myself along the lines of flowers, niche crops etc that I could process in the shed and ship out, but I need to earn elsewhere first.

I can't comment on horticulture, but you are never going to get £5k from agriculture. I'd have offered you around £100/year if you were closer to here. As a general baseline, the value of land has minimal to nil bearing on its earning potential but reflects the 'hope value' for other uses, and its ability to shelter assets from inheritance tax.
 
Location
Suffolk
Camp/caravan site? If you are prepared to put in the time & effort this makes reasonable money.

To all the sceptics; there ARE some decent 'orsey folk out there......You've just sift through the pile of eyjits. For every ten of the latter there's one of the former if you get my writing......
Three year lease with a mutual break clause @ six months. YOU FENCE, YOU WATER. Sorted.
Look at the 'Equicentral system' & info to get an idea of how to run a 10 acre plot without trashing it.
I used to run on £35 to £40 an acre for grazing with plenty of interested people. Metered water & the same with power. This was 35 miles from London so adjust downwards for further out.
SS
 

Longlowdog

Member
Livestock Farmer
Location
Aberdeenshire
I can't comment on horticulture, but you are never going to get £5k from agriculture. I'd have offered you around £100/year if you were closer to here. As a general baseline, the value of land has minimal to nil bearing on its earning potential but reflects the 'hope value' for other uses, and its ability to shelter assets from inheritance tax.
You couldn't rent an acre let alone 20 plus a shed for that round here.
 

Dolomite

Member
Mixed Farmer
Location
South Yorkshire
Rent auction by informal tender might be your best option with the requirement for them to disclose their plans for your assets. Just so you can keep them in line should they deviate.
 
start by speaking to a planning consultant. you may find if you spend a few £1000 you may have a £200 - 400 k asset there. folm would pay a lot for a small holding with planning to convert the shed to a house...
I wouldn't even go down that route. Zero chance of planning from agriculture to house in any LA especially if the land doesn't warrant it. Before you know it you are coughing up a grand for the consultant to pop along to the planning dept and making up some plans - you can do that yourself. If an agent doesn't have a figure then you have to take whats on offer. You could rent barn out separately for someone looking to store a caravan/boat etc but with no security Id be surprised youd get much interest. No idea what you can do with 10 acres - sheep tack is the only thing. Agree 5k may be a little excessive.
 
I wouldn't even go down that route. Zero chance of planning from agriculture to house in any LA especially if the land doesn't warrant it. Before you know it you are coughing up a grand for the consultant to pop along to the planning dept and making up some plans - you can do that yourself. If an agent doesn't have a figure then you have to take whats on offer. You could rent barn out separately for someone looking to store a caravan/boat etc but with no security Id be surprised youd get much interest. No idea what you can do with 10 acres - sheep tack is the only thing. Agree 5k may be a little excessive.

I can't agree there, land agent friend just got planning for a client on a building that sounds identical except 410m2 foot print. It will be a big house.

If ever there was a development opportunity in ag buildings, now is it, best it been for 20 yrs surely?
 
I can't agree there, land agent friend just got planning for a client on a building that sounds identical except 410m2 foot print. It will be a big house.

If ever there was a development opportunity in ag buildings, now is it, best it been for 20 yrs surely?
Um this is a modern barn. If this was the case then we should all be jolly on the thought of converting our steel cow sheds into large residential properties and selling for close to a mil. Only old barns have the opp for conversions and they come now with detailed agendas. Building new dwellings in the countryside is not seen as essential development. A steel barn is def not an opportunity for any development.
 

honeyend

Member
Depending where it is in Kent it could worth a lot. Its not what it is, its where it is,
Horsey people with pay, usually if it's not on to a main road, it has good riding or near a competition centre. The serious ones will pay good money for sole use and not mess. Having no accommodation will hold it back, with a house it could be £2000 a month to rent. Some would pay a fair amount and put a caravan in the shed, I know two people who have done this.
I think you should get a couple of specialist estate agents out, https://www.equusproperty.co.uk/property-search http://www.ecrproperties.com/properties.
and some that deal in commercial buildings, to talk things through. If its near a main road and has road frontage someone will be interested. Have a look on Rightmove for rental values.
Sometimes you have to be creative. Can you split sell the barn and say and acre, depending on value, smaller plots make more money. My sheds, very old sheds were valued at £150,000 , on less than an acre. You then have your money upfront. They when you want another barn, put it where you want it.
When we bought our current home I was surprised at how little imagination was used by people that valued it. We have increased it value by a substantial amount by thinking of it in bits and not as a whole.
 
Um this is a modern barn. If this was the case then we should all be jolly on the thought of converting our steel cow sheds into large residential properties and selling for close to a mil. Only old barns have the opp for conversions and they come now with detailed agendas. Building new dwellings in the countryside is not seen as essential development. A steel barn is def not an opportunity for any development.

I think it depends what you call modern!

is this?
IMG_6518.PNG


IMG_6517.PNG
 

EJames

Member
If this isn't in the right section, please feel free to move!

I've got a little smallholding consisting of approx 10 acres in two partially fenced paddocks, and a 30x45' fairly modern barn, boarded on three sides and one open side. Lit, electric plugs and could very easily be watered. Quite secluded but access almost directly from 'A' road and access to motorway etc 5 mins away

I'm looking to rent this out but really struggling to put a figure on it, as is a local agent. I'd like to keep it agricultural for obvious reasons but I'd to maximise what I take from it, so open to anything, maybe a stud?!

Would anyone more learned be able to give an opinion on a ball park figure? And also where would be best to advertise it?

Thanks!
Hello there, I'm aware you wrote this post in 2018 but what you were offering back then is exactly what I'm looking for now! Have you got anything to rent at the moment or know of anything similar? Any help would be great. Cheers
 

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