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MONEY TREE
12 Sep 10 08:28
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Date Joined: 02 Jul 09
| Topic/replies: 25,595 | Blogger: MONEY TREE's blog
How much would 1000 sq ft of agricultural land be worth?

I am not purchasing with the interest of building on the area, and can never see it as a place where planning would be granted.

We have a small garden and this is near to home so thought be a nice area to pop up a football pitch and grow some "good life" produce.

The local farmer said he has a price in mind for this piece of land but I do not want to go in too low or too high.

cheers in advance.
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Report madasahatter September 12, 2010 9:48 AM BST
Be aware that if the land your interested in is pasture land, your local council may have to approve 'change of use' to 'garden use'.  You may not be allowed to turn a field into a garden!!!

As for price, the farmer will be loooking for around £3k I would have thought, plus his legal expenses and surveyors fees.  So that will be another £1.5k/£2k add in your legal fees of around £1k, Oh and don't forget to add in the cost of fencing, which comes in at around £120 per six foot panel. So all in all, budget for around a £10k outlay, and you've planted nothing yet!  On the plus side you might have increased the capital value of your home, but if the additional garden looks out off place then it could have an opposite effect.  In all honesty a lot of money and the possibility of councils vetoing change of use would put me off - I'd rather go down the allotment route, if you can get one.
Report MONEY TREE September 12, 2010 10:07 AM BST
its not attached to the current house, just gave him a call and will not be going ahead as he seems a bit of a fly by night crook.
Report blackbarn September 13, 2010 11:46 PM BST
Money - you sure you mean a 1000 sq ft??  Not sure mad thinks you do?
Report blackbarn September 13, 2010 11:58 PM BST
1000 sq ft. is about 2.5% of an acre (£3k-7k per agricultural acre depending on quality of land and on where you live you, but much more if attached to residential land).

If you mean 1000 ft square, bite the farmers hand off at £3k. Thats over 20 acres??

Some confusion here methinks.
Report Mrben September 14, 2010 3:05 AM BST
2 cows and a chook divided by a kilo of manure.less tax of course.Laugh
Report UTI September 14, 2010 2:54 PM BST
You wouldn't have much of a football game on 100sqft.  that is about 10m x 10m
Report MONEY TREE September 14, 2010 7:59 PM BST
I looked at the pasture land in question and its about 5 acres, did not discuss a price. He has decided to sell it in various plots for development.
There is sweet fa im buying that as hes just drawn a grid over the field and selling as plots. 15k a pop.

Feel sorry for anyone buying one.

Which brings me to a question for another thread lol.
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