Marginal Land

Purecuntish

Hi all,this is my first post so go easy!!Myself and my partner are in the process of buying 13.5acres of land in Kildare,the land is beside a bog with approx 8 acres being marginal land prob only fit for summer grazing and the rest decent well drained land with a derilict cottage on it(has esb mains to cottage),there is also a well on the land.We are buying with a view to renovating the cottage and extending.Does 100k sound like a reasonable price??

Muckit

Yes once you've all renovated and livable!

nashmach

Split it down in bits.

Good land - €8000 an acre by 5 - €40,000
Poor land - €5000 an acre by 8 - €40,000

House - €10k at most if derlict

So €80k to €90k I would I have said.

Purecuntish

Would of thought house would be valued higher as to obtain planning in this area is quite hard if your not "local needs",the only other alternative for an outsider is to find a site with a derilict building and renovate it,which is our plan as we our not from the immediate area.The same land and property were going for more than three times the current price 3 years ago.

reilig

People above have quoted values relative to the average value of land across the country and the going rate for derelict houses.

The actual value of this property will be determined by the number of people interested in buying it and the amount that the highest bidder is willing to pay / can secure from a lending instiution. Average values and going rates go out the window when more than one party is interested!

nashmach

reilig wrote: »

People above have quoted values relative to the average value of land across the country and the going rate for derelict houses.

The actual value of this property will be determined by the number of people interested in buying it and the amount that the highest bidder is willing to pay / can secure from a lending instiution. Average values and going rates go out the window when more than one party is interested!

And more so if the OP is correct in saying someone was willing to pay €30k an acre for poor land :eek:

arctictree

Purecuntish wrote: »

...the only other alternative for an outsider is to find a site with a derilict building and renovate it...

Be very careful there. The house must be habitable before you can renovate it. At least that is the case here in Wicklow. And its the council who decide if it is habitable or not!

Purecuntish

But can the house not be made to look habitable before any inspection??

moy83

Purecuntish wrote: »

But can the house not be made to look habitable before any inspection??

I think it would need an esb connection and water connection thats was usex in the last couple of years to be habitable . Im not sure on the details but I think its something like that

grazeaway

arctictree wrote: »

Be very careful there. The house must be habitable before you can renovate it. At least that is the case here in Wicklow. And its the council who decide if it is habitable or not!

i think the difference is a dileclit house (ruin) or an un-occupided house. if there is an existing power connection then the house is most likely demmed to be unoccupied.

Purecuntish

There is an esb connection but its not powered on at the moment,the house has not being lived in for about 20/30 years.

3 the square

nashmach wrote: »

Split it down in bits.

Good land - €8000 an acre by 5 - €40,000
Poor land - €5000 an acre by 8 - €40,000

House - €10k at most if derlict

So €80k to €90k I would I have said.

GOOD LAND AT 8K SEEMS CHEAP TO ME MORE LIKE 13K ISH.

Purecuntish

Thanks for the replies,Just another quick question,entry to the land is via a laneway which we have right of way on,my question is could the actual owner of the laneway object or not allow me to erect a fence along the lane,the laneway is over grown with forestry planted on one side and a ditch bordering a field on the other,the owner has not used the lane in years and a local farmer looks after the upkeep from time to time.

Dampintheattic

3 the square wrote: »

GOOD LAND AT 8K SEEMS CHEAP TO ME MORE LIKE 13K ISH.

10 acres of good dry grazing ground sold at auction in my area recently. €179k:eek:. Most of it can be cut for silage. Good access. Good fencing / walls. Water laid on.

Markcheese

Purecuntish wrote: »

There is an esb connection but its not powered on at the moment,the house has not being lived in for about 20/30 years.

The esb will treat that as a new connection , so you'll have to jump through a few hoops to get it back on ( including getting it certified by a RECI electrician...rewired probably )
The good news is all that can be done without planning , as could an extension ... (below a certain size,within certain conditions )

nashmach

3 the square wrote: »

GOOD LAND AT 8K SEEMS CHEAP TO ME MORE LIKE 13K ISH.

As reilig says it depends on the area and it also depends on the definition of good.

In the south east, good land would be powerful tillage ground and then your figure would be more appropriate.

Bordering a bog, it might be grazeable 8 months of the year and so 8k might be more than enough.

grazeaway

Purecuntish wrote: »

Thanks for the replies,Just another quick question,entry to the land is via a laneway which we have right of way on,my question is could the actual owner of the laneway object or not allow me to erect a fence along the lane,the laneway is over grown with forestry planted on one side and a ditch bordering a field on the other,the owner has not used the lane in years and a local farmer looks after the upkeep from time to time.

am i right in saying that the land has no road frontage at all. if so then i'd be driving down the price. A right of way is not the same as access. you would proably need to buy the laneway to provide regualar and uninterperted access. i'd be checking out the ownership and access rights for that laneway 1st, espically when you need to get accesss to clear the land and for building, truck, ractors, diggers etc are not small

Purecuntish

The land is serviced by a second entry point to the rear of the property but our preference would be to use the 1st entry via the lane as the roadway is of better quality.We have a written declaration from the current owner that he has used the laneway for the past fifty years so because of this we have right of way to the lane and our solicitor seems perfectly happy with this.The lane owner has planted forestry on his land and has access to this via another entry point.