Demand for property with land has risen significantly over the last 18 months according to a buying agency - but it’s warning landlords and others that purchasing substantial acreage can be a tricky business.
Nick Cunningham of Stacks Property Search says: “Property with a couple of acres of utility land tends to be reasonably uncomplicated from a buying point of view; but properties with 30 acres or more fall into the category of small farms and can present complications.
“Buyers should take steps at an early stage in the process to ensure they are fully conversant with issues that might arise. The series Clarksons Farm highlights why a ‘how difficult can it be’ attitude is generally to be avoided.
“The primary consideration when buying land is what you will be permitted to do with it, so establish the curtilage, where the residential part of the property stops and the agricultural part starts. Agricultural land is very different to ‘garden’; it would be unwise to assume that planning permission will be granted to turn some of the land into an extended garden on which to construct a tennis court, swimming pool, garage or annexe. You will however be permitted to make it more manicured, growing trees or meadow flowers, and mowing.”
He says that if the land comes with outbuildings, barns or properties, a buyer will need to establish what category they fall into – residential, agricultural, commercial or brownfield. Properties that are part of the farm may have an agricultural or equestrian ‘tie’, and this should certainly be flagged by the selling agent.
“Access is another tricky area – which gates and tracks can be accessed from the road and by whom. Buyers will also need to check whether there are any footpaths and bridleways across the land.
“As the landowner you will have responsibilities to maintain them and keep them safe. Be aware that cyclists are permitted to use bridleways. Don’t assume you can divert these paths if you don’t like the route they take, it may be possible, but it’s certainly not straightforward.”
Cunningham adds that when buying property with land that is rented out to farmers or individuals, you’ll need to be clear about whether you are going to continue with the arrangement or bring it to an end.
“If the latter is the case, then you’ll need to deal with it sensitively – these people are likely to be your new neighbours. Either way, the costs of maintaining pasture or woodland, fencing, hedging and waterways, can be significant. If you rent land out for livestock, or for country sports, this will restrict your ability to ride or walk across it.
“Generally speaking, there’s a huge amount to assess when viewing property with land. Buyers will need good advice from several different sources.
“Choice of solicitor is vital, you’ll need one who is well versed in rural property with land, and the tax issues surrounding the acquisition of multiple use property. There are significant benefits to buying property with land or with more than one property on the estate.”
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