In message o.uk, Dave
Liquorice writes
On Mon, 11 Jun 2012 10:45:06 +0100, Stewart Robert Hinsley wrote:

More googling finds agricultural land going for £10,000 per acre,

Acre or hectare? I thought agri land was sold by the hectare these
days and a hectare is nearly 2 1/2 acres. I get the impression from
"Farming Today" that 10k/hectare would be the top price for top
quality farmland not some tiny random bit of ground with housing
around it.

Acre. E.g. 8.77 acres of pasture for £85,000. (That's probably top
quality pasture land.) However, I was looking at small packets, which
often go to "equestrian" use.

However a block of a 150 acres near Carlisle is on the market at
£1,150,000, or approaching £8,000 per acre. Even upland (grade 4)
pastures are going at £3,000 per acre.

I was guessing a larger number of allotments.

Not surprising as a normal allotment is 1/16 of an acre and this land
is supposed to be 3.85 acres = 61 1/16ths. So with space for paths or
silly corners etc 50 plots would be expected. That seems quite a
difference are these large plots or is the quoted land area
incorrect?

The rent on 31 allotments wouldn't provide a competitive return on an
investment of £75,000, even before you take expenses into account.

This is true, £25/year/plot on 31 plots would return about 1% before
expenses.

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Cheers
Dave.




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Stewart Robert Hinsley