sorry wasn’t trying to teach my grandmother to suck eggs 😉 it’s a problem I’ve come across before.
You could try looking at reports of recent arable land sales in the Farmers Weekly ... but an acre of farmland in East Anglia will fetch a a very different price to the same in North Wales. You really do need to talk to someone in the business.
Gardening in Central Norfolk on improved gritty moraine over chalk ... free-draining.
@Dovefromabove I'm trying to avoid contacting a valuer and the fees that would incur! It's a bit of a specific situation but the land in question isn't actually up for sale, it's adjacent to mine and I'm hoping that a careful bit of discussion might prove fruitful. But at this point I don't want to pay for a valuer just on the hope that something will materialize, I'd just like a ballpark estimate so I know if the amount I have in mind is realistic before I start a conversation.
@BenCotto yes that's the problem, most of the agricultural land for sale on web sites is in massive lots of hectares, is ridiculously priced, or has (the hope of) planning permission.
I hoped there was a zoopla for agricultural land, but it seems not. I did just check rightmove, thank you for the suggestion, but same issue there.
I'm only interested in value of pure agricultural land that cannot be built on, so the price uplift for planning permission (or even the opportunity to get it) isn't relevant to me...
Having just had some valuations done in Buckinghamshire, I can say it depends on the land. Is it currently farmed or is it just paddock? It does make a difference. But c. £10,000 per acre for grazing land that cannot be built on is a good figure to work with. The problem comes when people believe there's prospect (however small) of obtaining planning permission. When there's a whiff of a development opportunity the price will sky rocket.
@Dovefromabove (my) posts on the internet always lack subtlety so apologies if my last came across less polite than intended, no eggs have been sucked and your thoughts are much appreciated . I do understand what you mean about people hoping to buy a bit of farmland and put some garden furniture on it!
@rachelQrtJHBjb thanks for that, very useful to hear your valuation experience. The £10,000 is a number I've heard, and BenCotto suggested the same. Agree about the planning permission, fortunately this land has protection and cannot be built on, so I don't have that to inflate the price.
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You could try looking at reports of recent arable land sales in the Farmers Weekly ... but an acre of farmland in East Anglia will fetch a a very different price to the same in North Wales. You really do need to talk to someone in the business.
Gardening in Central Norfolk on improved gritty moraine over chalk ... free-draining.
@rachelQrtJHBjb thanks for that, very useful to hear your valuation experience. The £10,000 is a number I've heard, and BenCotto suggested the same. Agree about the planning permission, fortunately this land has protection and cannot be built on, so I don't have that to inflate the price.
I think I've hijacked this thread enough now!