Asking for a friend who isnt on the forum, and I honestly have no idea about this sort of thing.
Does anyone know if there is any guidelines/rules of thumb to follow in terms of lake prices or price per acre? I assume the specific location will play a part but if buying a lake on land that can't be farmed or built on, how should pricing compare to land sold for commercial development or farming for example.
I think he wants to understand how much he should expect to pay, and have an idea of whether he's being ripped off or not!
If anyone has any specific expertise that would be great. Apologies I know it's a bit generic but he's potentially looking at a number of options.
Cheers
Phil
Does anyone know if there is any guidelines/rules of thumb to follow in terms of lake prices or price per acre? I assume the specific location will play a part but if buying a lake on land that can't be farmed or built on, how should pricing compare to land sold for commercial development or farming for example.
I think he wants to understand how much he should expect to pay, and have an idea of whether he's being ripped off or not!
If anyone has any specific expertise that would be great. Apologies I know it's a bit generic but he's potentially looking at a number of options.
Cheers
Phil
In reply to Post #1
I think you're only going to be able to base a price on commercial/agriculture land and location if the lake is empty and isn't run as a business already.
If it is already running as a fishery then you have to add on the value of the business which includes stock, income, etc.
It's a very tricky subject because of the multiple factors involved. It's be best to speak to Fenn Wright who are fishery sales experts and get their advice.
I think you're only going to be able to base a price on commercial/agriculture land and location if the lake is empty and isn't run as a business already.
If it is already running as a fishery then you have to add on the value of the business which includes stock, income, etc.
It's a very tricky subject because of the multiple factors involved. It's be best to speak to Fenn Wright who are fishery sales experts and get their advice.
Too many variables in the question, lake size' location, does it allow building and dwellings on site. Landlocked or river-stream fed.
I have two lakes that were included in the purchase of a big lump of land including two farms. I paid a premium as I will be able to build to some extent on the land.
Don't know what the lakes were valued at when the price was put together.
I have two lakes that were included in the purchase of a big lump of land including two farms. I paid a premium as I will be able to build to some extent on the land.
Don't know what the lakes were valued at when the price was put together.
I'd imagine if there is a history of licences to back fill lakes in the area already being granted then the sale price would increase. There's an eye watering amount of money to be made tipping other people's rubbish in water filled holes.
Owning / running your own lake has become so popular over the last decade or two your friend may find it cheaper to buy some land and then dig his own lake.
Prices vary wildly round here. I've seen mature 20 acre sandpits up for 160k and no one was interested.
Recently a 2 acre farm puddle near me sold for near 200k.....!!!
Things like having planning permission granted or owning an access road etc will drive price up. I wish him luck.
Prices vary wildly round here. I've seen mature 20 acre sandpits up for 160k and no one was interested.
Recently a 2 acre farm puddle near me sold for near 200k.....!!!
Things like having planning permission granted or owning an access road etc will drive price up. I wish him luck.
In reply to Post #5
An old mate purchased a complex stretching over 110 acres and paid approx 4k per acre and it was classed as agricultural land. On top of this, are survey costs, legal fees etc. Not a cheap buisess to get into, but one i would given half the chance
An old mate purchased a complex stretching over 110 acres and paid approx 4k per acre and it was classed as agricultural land. On top of this, are survey costs, legal fees etc. Not a cheap buisess to get into, but one i would given half the chance
When chilham mill was sold a few years ago (23acres) I think he had to buy the mill house also and it was sold for £1.5 million for the house and lake
In reply to Post #7
I wonder how much they gave him for the HS2 ploughing through it.
I wonder how much they gave him for the HS2 ploughing through it.
In reply to Post #1
Lakes are much like houses in that the larger the lake the cheaper they get per sq. m/ft/acre.
Particularly with smaller waters you can throw any price structure out of the window because there are so many people wanting them that it merely comes down to who wants it most.
Small waters like mine, and where there is no chance of planning permission, make no sense from a business point of view, they have to be about lifestyle and a hobby.
Lakes are much like houses in that the larger the lake the cheaper they get per sq. m/ft/acre.
Particularly with smaller waters you can throw any price structure out of the window because there are so many people wanting them that it merely comes down to who wants it most.
Small waters like mine, and where there is no chance of planning permission, make no sense from a business point of view, they have to be about lifestyle and a hobby.