Investing In Recreational Land?
Discussion
I've got a holiday house down in Devon, and for some time have been thinking it'd be fun to own a field nearby to ride quads etc around! A plot of 17 acres of woodland, meadows and river with fishing rights has come up for sale fairly nearby, and i'm very tempted! It's a lot bigger than i'd been looking for and therefore more expensive, but still fairly cheap I'm guessing because its not much use to a farmer? It's at £25k (auction guide) for the 17 acres. How is recreational land such as this viewed as an investment? Would I be chucking money away or could I look to make my money back if I came to sell in a few years after having some fun with it?
Cheers!
Dom
Cheers!
Dom
Well, you know what they say about land, they're not making any more of it! Guide price sounds very low for 17 acres though unless it is very inaccessible. There was an article in one of the papers last week, the Sunday Times property section iirc regarding such land growing in popularity as an investment. If it is close to your place, look at it as an added amenity that could benefit the value of the house if you ever come to sell as well.
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