Farmland next to house ( Warwickshire )

[Bi11]

Just done this. Bought approx quarter of an acre from the neighbouring farmer to double the size of my garden. Have known him for 20years and good friends with him.
Convention is that you pay half the gain in value to your house, but at the end of the day the landowner can ask what he wants and is not obliged to sell. Buyer pays all legal costs. Re-tax, depending on how the farm business is structured, each partner has a capital gains tax allowance they can use, so may not actually need to pay any tax depending on the agreed price.
I would suggest that you approach the landowner and ask if he is interested in selling a bit of land, he can only say no.

[blueg33]

Above post is slightly misleading. There are no rules as to who pays who's fees. It's purely a negotiated position.

[Timmy40]

blueg33 said:

The most I have paid a farmer go date was £20 million for 200 plots on gross site area of 19 acres. He was quite happy and so was I.

Er yes I imagine he was quite happy about that!

[AndyAudi]

superkartracer said:

Some great answers thanks.

.. others around here have purchased small areas ( about the same size ) from them over the years, so it was worth the *hassle* it seems....

Can you use something like www.ourproperty.co.uk to obtain these details. Should be enough to get the size of parcels & the values they sold them for.

[V8RX7]

superkartracer said:

only after quarter acre max, not a huge amount . Thinking 50k acre was a good starting point?

If you are only after 1/4Ac then you're talking about £12k - most farmers wouldn't bother.

I suspect £15-20k would be a sensible opening price and offer to pay his fees too.

[superkartracer]

V8RX7 said:

superkartracer said:

only after quarter acre max, not a huge amount . Thinking 50k acre was a good starting point?

If you are only after 1/4Ac then you're talking about £12k - most farmers wouldn't bother.

I suspect £15-20k would be a sensible opening price and offer to pay his fees too.

I was thinking 10th! so thought 10k would get his attention , only want it to plant some trees..

Failing that i'll looking into purchasing a wood.

[Timmy40]

superkartracer said:

V8RX7 said:

superkartracer said:

only after quarter acre max, not a huge amount . Thinking 50k acre was a good starting point?

If you are only after 1/4Ac then you're talking about £12k - most farmers wouldn't bother.

I suspect £15-20k would be a sensible opening price and offer to pay his fees too.

I was thinking 10th! so thought 10k would get his attention , only want it to plant some trees..

Failing that i'll looking into purchasing a wood.

Good idea, I sold 2 acres of scrubby woodland that I never went near and was a pain in the bum to fence/ look after, it went for £25k. But has made someone a lovely amenity wood/place to camp now it's been tidied up.

[Bolebroke]

Woodland is getting crazy expensive now...new biomass plant going in every day means everybody is bidding it up

[Timmy40]

Bolebroke said:

Woodland is getting crazy expensive now...new biomass plant going in every day means everybody is bidding it up

Good job the English and Welsh governments totally bksed up the forest creation grants for this year then.