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how much per acre for poor land

  • 03-10-2013 8:46pm
    #1
    jackboy
    Registered Users, Registered Users 2 Posts: 4,844 ✭✭✭


    I have offered 2000 euro per acre for poor land in west of Ireland.this was rejected as apparently a ridiculous offer.is this really far off the mark for poor land?


Comments

  • #2
    lucky john
    Registered Users, Registered Users 2 Posts: 838 ✭✭✭lucky john


    I would imagine that the land at worst is suitable for forestry so 3500... 5000 per acre. This would depend on the how many acres. 10 would be the minimum for a comerical planted plot but 20 would be the recommended. Small plots of farm land tend to make more than large so there again 4000 + would be expected. After that local demand is a big driver. The seller will have based his expectations on all these variables but unless he is desperate for a sale I guess €4000 would be a bottom line.


  • #3
    martyoo
    Closed Accounts Posts: 872 ✭✭✭martyoo


    2000 sounds a bit on the low side. Have a look at the prices on Daft to get some idea.


  • #4
    RaggyDays
    Registered Users, Registered Users 2 Posts: 249 ✭✭RaggyDays


    Colite are only offering a bit over €2000/acre and thats for a big stretch of land they don`t want to know about small lots anymore.


  • #5
    jackboy
    Registered Users, Registered Users 2 Posts: 4,844 ✭✭✭jackboy


    Fair enough. 4000 an acre is more than I can afford for that 30 acre site. It is only suitable for forestry but as a non farmer the premium would be too small to make it a good investment.


  • #6
    yoloc
    Registered Users, Registered Users 2 Posts: 375 ✭✭yoloc


    You will find land fot 2000 in the west if you look hard enough. I know a farmer who is going to sell me 4 acres of ok'ish land for 10k and 1 acre of it has site potential. Going to buy it when my house sells


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