Valuing farm steading.

[Overby]

How would you go about valuing a farm steading?

No land. just the farmhouse and buildings.

If the buildings are mostly old, many with leaking gutters, holes in roofs, in need of fixing etc. how would you go about valuing them? Obviously they were once all new sheds, concrete floors and the footprints are the same, time has just taken it's toll.

I have no idea but am intrigued.

 

[steveR]

So many variables....

In this day and age, with a farmhouse refurb, building conversions and new build on the steel frame shed sites, all these possibilities will be a huge factor in any rel valuation.

 

[Doing it for the kids]

Ask a few agents out, free to do.

depends where you are but sometimes old tumbling down buildings have more value than new

 

[Overby]

The steading is tied up in an AHA for another 2 generations too. Neighboring farms have been sold off though, hence the general interest.

 

[steveR]

The steading is tied up in an AHA for another 2 generations too. Neighboring farms have been sold off though, hence the general interest.

Then I hope YOU have the tenancy... you may be sitting on your Pension, or a big Sod Off payment!

 

[Dry Rot]

Location, location, location.

Usually x times the rental value. Failing that, salvage value less costs of demolition.

If there's a tenancy involved, look at the lease. Some will have a clause allowing the landlord to claw back for a non-agricultural use, with or without compensation. But the law changes and that could be out of date. Consult a land agent and get the right answer.

 

[Overby]

I was hoping there was a simple way of ballpark valuing old sheds. ie 1930s hayshed, leaking roof, clay floor - roughly 'x', 1970s veg store, concrete floor, leaky roof and gutters, crumbling walls = 'y'.

It's not me who actually lives there, but someone close who's been asking questions....obviously we're all interested!

 

[Doing it for the kids]

The steading is tied up in an AHA for another 2 generations too. Neighboring farms have been sold off though, hence the general interest.

game changer then, they could be millionaires over night on paper if they bought the FH.

Reality is they still Need to stump up a lot of cash. Tell them to live like a farmer and make it all as untidy as possible so when the valuer comes out he keeps rolling his eyes and knocking value back down!

 

[Lazy Sod]

You don't make it clear as to whether you are the landlord with an AHA tenant or that you are the tenant with an AHA tenancy.

 

[spin cycle]

So @Dr wazzock are you growing them again today????

for redevelopment it really doesn't matter what they are or the condition

i reckon about £100+/sq ft ....around my way