What's a fair price for 3 acres

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What's a fair price for 3 acres
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tahir

Joined: 28 Oct 2004
Posts: 45668
Location: Essex

Posted: Fri Feb 25, 05 2:13 pm Post subject: What's a fair price for 3 acres
I hope to be agreeing a tenancy agreement with someone for 3 acres of grazing (there are several stables on there already), what should I be looking to charge?

jema
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 28233
Location: escaped from Swindon

Posted: Fri Feb 25, 05 3:03 pm Post subject: Re: What's a fair price for 3 acres

tahir wrote:

I hope to be agreeing a tenancy agreement with someone for 3 acres of grazing (there are several stables on there already), what should I be looking to charge?

Does this means you have signed on the dotted line yourself?

tahir

Joined: 28 Oct 2004
Posts: 45668
Location: Essex

Posted: Fri Feb 25, 05 3:05 pm Post subject:
Not yet, but edging closer, the sitting tenant has agreed (verbally) that he'll enter into a new tenancy agreement for 3 acres which'll leave me with 11. If all goes well I'll start talking to the solicitor on Monday.

jema
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 28233
Location: escaped from Swindon

Posted: Fri Feb 25, 05 3:12 pm Post subject:

tahir wrote:

Not yet, but edging closer, the sitting tenant has agreed (verbally) that he'll enter into a new tenancy agreement for 3 acres which'll leave me with 11.

If all goes well I'll start talking to the solicitor on Monday.

well that is pretty much as close as you can get, without actually being in the chute! Feeling nervous?

tahir

Joined: 28 Oct 2004
Posts: 45668
Location: Essex

Posted: Fri Feb 25, 05 3:18 pm Post subject:
Funny enough no. It's been on my mind for years, and it seems to be falling into place so quickly that it just seems destined to happen. It's only the 3rd property we looked at, good school just up the road, and they have exactly one place in reception which we've put our eldest down for.

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Fri Feb 25, 05 6:26 pm Post subject:

Sounds like it's going great - obvioulsy meant to be.

Don't know anything about grazing, suggest you find out independendtly what he's paying now and put it up a bit.

might be moving ourselves - small village (pub and village hall only) middle of nowhere (well as nearly as you get in the south east, anyway) oodles of footpaths (one of which the house backs onto) Small house with big half finished extension - loads of garden both sides, not measurable in acres, but chickens-and-polytunnel size, I reckon. solid fuel rayburn heating. Hurrah.

House not yet on the market, but we've had a tip off. fingers crossed.

tahir

Joined: 28 Oct 2004
Posts: 45668
Location: Essex

Posted: Fri Feb 25, 05 6:27 pm Post subject:
Good luck

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Fri Feb 25, 05 6:54 pm Post subject: Re: What's a fair price for 3 acres

tahir wrote:

I hope to be agreeing a tenancy agreement with someone for 3 acres of grazing (there are several stables on there already), what should I be looking to charge?

Like most things, it depends upon a variety of factors specific to the area in question, i.e. the type of grass (both grass species & any weeds), the terms of grazing (e.g. so many months, or all year), the state of the fencing & other services (such as water). About �50/acre would be OK for an area of reasonable quality grazing, unfenced, or up to about �100 per acre with use of decent fences, buildings & water/electric. It will also depend upon the availability/demand in the area in question- always best to ask around, and certainly to find out from the vendor the current charges.

tahir

Joined: 28 Oct 2004
Posts: 45668
Location: Essex

Posted: Fri Feb 25, 05 6:57 pm Post subject:
Ta, she's not changed his rent for years, and he's been grazing all the land even though his agreement restricted him to two fields. there are loads of stables on there, a barn and a menage. �50 per how long?

nettie

Joined: 02 Dec 2004
Posts: 5888
Location: Suffolk

Posted: Fri Feb 25, 05 7:04 pm Post subject:

If it's for horses it will depend on how many stables there are, what the storage is like for feed, a lockable room for tack, state of the fencing etc, electricity, self filling troughs, floodlighting in the manege etc are all things that you can charge more for. Is he planning to sub let to other liveries? Will you be expected to top, weed, harrow and reseed the land? 3 acres is not a lot of grazing when there are lots of stables (it should be 1 acre per horse plus an acre) and the land is very likely to get poached and overgrazed.

You could get a copy of Essex Rider, phone around and ask other yards what they think.

tahir

Joined: 28 Oct 2004
Posts: 45668
Location: Essex

Posted: Fri Feb 25, 05 7:06 pm Post subject:
He's a sitting tenant on the land already he's got 9 of his own horses plus 4 or 5 liveried horses, there's stables for all of them plus a barn for hay storage and a lockable storage shack.

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Fri Feb 25, 05 7:11 pm Post subject:
Would the fact that he's a sitting tenant prevent you from changing the rent?

tahir

Joined: 28 Oct 2004
Posts: 45668
Location: Essex

Posted: Fri Feb 25, 05 7:14 pm Post subject:

Treacodactyl wrote:

Would the fact that he's a sitting tenant prevent you from changing the rent?

No. He's agreed today which parts of the property he'd like to occupy on a new tenancy to be agreed between us.

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Fri Feb 25, 05 7:18 pm Post subject:

tahir wrote:

Ta, she's not changed his rent for years, and he's been grazing all the land even though his agreement restricted him to two fields. there are loads of stables on there, a barn and a menage.

�50 per how long?

Per annum. If it is horses, you can go higher with the rents (such as nettie says) . Also, what kind of condition is the place kept in? And is that the tenants or landlords responsibility? I'm thinking particularly of both grassland & building maintenance.

tahir

Joined: 28 Oct 2004
Posts: 45668
Location: Essex

Posted: Fri Feb 25, 05 7:20 pm Post subject:
He's maintaining everything, the land's in appalling condition there's only one field which you could say looks grazeable. In my pinion it looks like he's had too many horses on there.

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