is land a good investment

[jayneyg]

I have a house which is top of an historic hill, next to a church, there is a field adjacent to my house which is parkland pasture. the farmer has put this for sale with an asking price of 35k for 4.75 acres. I have made a cheeky proposal of buying this for �17k and letting the farmer use it for 5 years as long as he maintains it, fences, trres ect.

He seems quite keen on the idea, due to the rural location, historic interest planning is out of the question. Do you think this will add value to my house 3 bed detached value 350k, therefore is it a good investment?

[pingping]

sounds like a win-win to me. farmer gets some cash, and you get a hassle free investment. which after 5 years could act as an income - i.e. you charge the farmer to use it

[jayneyg]

thanks pingpong - but do you think it will be desireable should i wish to sell? i guess for some people it would, others might be put off unless they have horses!

Also not sure what the typical value for pasture / parkland is, works out at �4k per acre, do land prices fluctuate as much as property?