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wellington womble
Joined: 08 Nov 2004 Posts: 15051 Location: East Midlands
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dpack
Joined: 02 Jul 2005 Posts: 46218 Location: yes
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Ty Gwyn
Joined: 22 Sep 2010 Posts: 4613 Location: Lampeter
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Hairyloon
Joined: 20 Nov 2008 Posts: 15425 Location: Today I are mostly being in Yorkshire.
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Treacodactyl Downsizer Moderator
Joined: 28 Oct 2004 Posts: 25795 Location: Jumping on the bandwagon of opportunism
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wellington womble
Joined: 08 Nov 2004 Posts: 15051 Location: East Midlands
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Posted: Wed Sep 16, 15 11:22 am Post subject: |
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I'm not tied to an area. I want to buy some land and put a solar farm on it. I'm not going to live there and the actual kit and caboodle will be taken care of by someone else, so it doesn't matter where it is, from Cornwall to the Midlands. I need low quality agricultural land (or a brownfield site) with a high voltage electricity supply and not in an ANOB or similar.
I've between 100 and 200k to invest to keep us, and I do not want to put it into the stock market. Initial research suggests that agricultural land doesn't vary so much as property, and I'm looking at 15-30 acres, or I could get a mortgage and buy more land. This would be leased to a solar company for between 1000 and 1500 per acre, per year.
Obviously, I need planning permission, but in order to start jumping through those hoops, I need to start pricing things up and also pick a plot and get on with it. So I need to start looking at land. |
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Nick
Joined: 02 Nov 2004 Posts: 34535 Location: Hereford
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pollyanna
Joined: 03 Nov 2012 Posts: 221
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dpack
Joined: 02 Jul 2005 Posts: 46218 Location: yes
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wellington womble
Joined: 08 Nov 2004 Posts: 15051 Location: East Midlands
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Posted: Wed Sep 16, 15 4:19 pm Post subject: |
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Nick wrote: |
Agricultural land round here is about 15k an acre. The smaller the plot the more per acre. |
That's why I'm wondering about a mortgage for a bigger acreage.
I realise there needs to be proximity to a supply - that's why I'm starting to go about looking so I can start vetting. The solar company take care of security and fencing, as well as planning and screening.
Eggs and baskets, well yes. I'm investing for income generation specifically. I already have a house. I have no debt. Bonds and cash are barely beating inflation and I'm not comfortable with gambling on the stock market with this particular pot. I could stick 15k in an ISA, but realistically, what else is there? There should be a comfortable level of guaranteed income (leased for 25 years) to enable a bit of flirting with stocks and bonds, and perhaps gold later on (I do quite fancy a safe full of gold!). The land can also be rented for sheep or poultry grazing and if it does all go horribly wrong, I'll still have the agricultural land, which is a good capital investment though the returns are generally quite low. There are also tax incentives in renewables (at the moment, although I'm not sure how long it will last)
I've seen a financial advisor in the past. They were fairly useless, because they were only focused on investing in stocks and shares. I don't want to invest in shares with this money. I will see another one as soon as the cash hits the bank on Monday, but I'm not expecting great things. Solar energy does at least fit with my ethics and ideals. It's the best solution I've come across, but I'm open to suggestions. |
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tahir
Joined: 28 Oct 2004 Posts: 45672 Location: Essex
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Hairyloon
Joined: 20 Nov 2008 Posts: 15425 Location: Today I are mostly being in Yorkshire.
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Nick
Joined: 02 Nov 2004 Posts: 34535 Location: Hereford
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tahir
Joined: 28 Oct 2004 Posts: 45672 Location: Essex
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Hairyloon
Joined: 20 Nov 2008 Posts: 15425 Location: Today I are mostly being in Yorkshire.
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