Re: Coop Meeting

By VoR2/2 23:26Fri Feb 2 23:26:02 2024In response to Re: Coop Meeting

Views: 528

If you are talking about the price for agricultural land, then you would be looking at circa £8k per acre...so if you are basing the calculation on 8 acres the price paid would be £64k.

If you are a farmer selling a field to someone who wants it for a paddock to stable horses, then you would be looking at circa £25k per acre...so if you are basing the calculation on 8 acres the price paid would be £200k.

If you are a farmer selling a field to someone who wants it to build a football ground, then you would be looking at circa £80k per acre (with a "hope" value)...so if you are basing the calculation on 8 acres the price paid would be £640k. If you are a farmer selling a field to someone who wants to build a football ground & you are prepared to take all the risk/cost of obtaining a satisfactory Planning Permission yourself, then you would be looking at circa £450k per 'DEVELOPABLE ACRE'...so you would then be basing the calculation on 5 acres & the price paid would be £2.25 million. So, the economic driver here for the person wanting to build the football ground, would be to consider taking the Planning risk themselves, if early discussions with Planners are favourable & pay the farmer the "hope" value.

Edit:

In reality, I wouldn't expect the farmer would want to take on the Planning risk & would settle for a good deal based on a "hope" value.

Edited by VoR at 23:33:00 on 2nd February 2024
Edited by VoR at 23:33:15 on 2nd February 2024