Three acres (Maybe more) up for sale soon

randomgar

Hi All,

Just looking for advice on this one, field next door to me will be up for sale soon and I would like to invest so I have sites for the kids in later life.

The field itself (3 acres) has no access apart from through other fields that will be up for sale or my garden.

The ground is only ok, a lot of rushes but it wasn't kept well for years.

I'm just wondering what's the best investment for the next few years until the land is needed for sites, open to anything.

I have friends with farm machinery suitable for crops etc would obviously pay for their time etc but is that the right way to go?

Nice one,
Gar

Wessel3

Buy the land if you can

Markcheese

Well land isn't going anywhere but would you get planning on it l later
....

kk.man

Buy it at all costs if you can.
Leave the site argument to one side. The privacy aspect can't be bought plus if you don't buy it you never know who or what will move in there.

I know from experience but in my case I wasn't allowed to buy an adjoining piece some years back.

randomgar

Thanks for the advice guys. Lots of people saying the same. Trying to work out the return of any so it would help me decide how much to buy.

ELP

What value do you put on privacy?
Had my neighbour in at the weekend to tell me he is selling land along my lane. Not great land but would like to get it to keep someone else off lane. Question for me to work out is how much I want it

Bass Reeves

randomgar wrote: »

Thanks for the advice guys. Lots of people saying the same. Trying to work out the return of any so it would help me decide how much to buy.

Put the return down to zero. Rental value would be as low or lower than 100/acre. Any enterprise you carry on will leave negible return after costs. Would not be really sure about having kids live next door to be either. Not good for them and not good for you. Especially not two of them.

randombar

Bass Reeves wrote: »

Put the return down to zero. Rental value would be as low or lower than 100/acre. Any enterprise you carry on will leave negible return after costs. Would not be really sure about having kids live next door to be either. Not good for them and not good for you. Especially not two of them.

Different strokes, myself and the brother live next door to our parents, Dad had a stroke a couple of years ago so it's invaluable that we live next door and can help out.

Mooooo

Depends on the future whether kids or their partners want to. Brother is hoping to build on outfarm, his partners family have a site next door which in their eyes is a non runner so outfarm is a compromise as they won't be next to us either. Op you could use it to grow a bit of veg or, assuming kids are small make a play ground out of it, a few bushes cycling track etc. If you just want to keep it tidy perhaps ask a neighbouring farmer if they want to put a few calves in there or top it every so often

randomgar

Bass Reeves wrote: »

Put the return down to zero. Rental value would be as low or lower than 100/acre. Any enterprise you carry on will leave negible return after costs. Would not be really sure about having kids live next door to be either. Not good for them and not good for you. Especially not two of them.

So basically there is little or no return on land at the moment? 100/acre per month?

Muckit

randomgar wrote: »

So basically there is little or no return on land at the moment? 100/acre per month?

You poor misguided soul.....

Bass Reeves

randomgar wrote: »

So basically there is little or no return on land at the moment? 100/acre per month?

100 per year for rented land. 3 acres is not commerciall viable for any enterprise other than grwing vegetable and then you have to market them yourself to make a margin so virtually a full time job. However from the sound of the land it is not totally suitable for such an enterprise.

The economic benefit will make no difference to your calculation on price. I fam and would not rent 3 acres even if it was right next to me unless it was good well fenced, had water on it and was coming in very cheap at less than 100/acre.

randomgar

Bass Reeves wrote: »

100 per year for rented land. 3 acres is not commerciall viable for any enterprise other than grwing vegetable and then you have to market them yourself to make a margin so virtually a full time job. However from the sound of the land it is not totally suitable for such an enterprise.

The economic benefit will make no difference to your calculation on price. I fam and would not rent 3 acres even if it was right next to me unless it was good well fenced, had water on it and was coming in very cheap at less than 100/acre.

Yes as you can see I know very little about this kind of thing.

Basically aim to get no ROI on it and anything I do get treat as a bonus.

Mooooo

Is it close enough to a town that there may be interest in allotment type thing, people come out and manage a patch for veg or whatever? Dunno much about it but could be an option, haven't a clue what you could charge if there was interest.
If you were inclined you could get a couple of cattle, fatten and keep one for the freezer and sell the other few to a factory, you would need a herd number and if you had a farming friend just to get the right type, ideally something over a year old so it would be fit before winter.