Is land a good buy?

simnvic

I have an opportunity to buy a freehold parcel 5 acres, one of several for sale as part of a ~50 acre field. We have no specific plans but have been keen to get a secure space to run our dogs for some time and this would be amply big enough and hopefully an investment for the longer term. Obviously subject to all the solicitor searches and being happy with the future unknown can anybody build nearby etc. - my questions is fairly generic:

Is land a good buy at the moment/ever? Cost approx £ 6,500 per acre.

Cheers

lostinrates

Where are you? I'm seeing a lot of small parcels like that for a lot more £ per ace. Big plots I'm seeing are as much as £10k an ance.

Please consider land needs maintainance and depending what the land is currently used for technically you should have to apply for change of use.

Well maintained plots of about five acres will be very easily letable to pony/horse keepers too, perhaps smallholders, or you could let the grass grow and have someone cut hay for you and sell that (the hay option is of course not requiring change of use from agricultural.)

FraudBuster

Caveat Emptor.

Are you looking for a great investment opportunity? Do you want to buy a small plot of farmland which, with an ever growing population, will make a sizeable profit when houses are built on it?
This activity is often referred to as 'landbanking'. Be warned though, the promises of some unscrupulous 'landbanking' scheme operators can turn out to be false.

http://www.consumerdirect.gov.uk/watch_out/scams/landbanking/