Selling a paddock for development
Nobody has written this page in Britain, which tells you how often paddocks are sold without anyone asking what they could be worth. A paddock is grazing land of a size too small to farm. It is kept for horses, sheep or because it came with the house. Many of them sit on the edge of a village, between the last houses and the open fields, which is exactly where local plans look for small sites.
The three questions
- Where the boundary is. Every village has a settlement boundary in the local plan. Inside it the principle of homes is accepted. Touching it, an application can succeed on the village's housing need and the site's merits. Well outside it, there is no route for market homes and we will say so.
- Water. A paddock by a stream is often in a flood zone. The Environment Agency and Natural Resources Wales maps say so in a minute.
- The gate. A field gate onto a lane needs visibility in both directions and a width for cars to pass. Where the only way in is through your own drive, that drive becomes the access and is measured.
What it is worth
As grazing, a few thousand pounds an acre. With planning for homes, a great deal more. The gap is what an option agreement shares with you. How a developer works out the figure.
What about the horses
They stay until completion. Under an option agreement the land is yours and in your use until the sale, which is usually twelve to twenty four months after signing.
Questions landowners ask
Straight answers
Can I sell my paddock for building?
How big does a paddock need to be to sell for development?
Can I keep my horses on the paddock while planning is applied for?
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