 [Graph above shows average transaction prices for development land between 2011 and 2015/16 and is courtesy of the Investment Property Forum]
It is vital for landowners to keep abreast of the price of their land and whether it's value is likely to rise or fall in the future. If you are thinking of selling your land or your are looking to deal with a land promoter or developer then having an early idea of the value of your land can be helpful. Below we round-up the latest available data for 2021 and provide an overview of what to expect for land with planning permission in the the next few years : Residential Development Land Prices The most reliable source of land prices is published by the UK Government using data from the Land Registry (see https://www.gov.uk/government/collections/land-value-estimates) and this shows values for EACH DISTRICT OR BOROUGH of the United Kongdom by : REGION / LOCAL AUTHORITY / £ PER HECTARE NOTE 1 : these are figures per hectare, not per acre - to achieve a value in acres divide the figure by 2.471 - e.g. Amber Valley £550,000 per hectare / 2.471 = £222,581 per acre. NOTE 2 : do bear in mind that these figures in some cases can be significantly higher than the reality and in some cases they will significantly lower - much depends upon the setting of your site and circumstances. As a real example, a site situated within Amber Valley which extends to 0.8 acres is being marketed (as at 03/03/2021) for £950,000 and has planning permission for 7 new build houses which has a gross sale value (usually known as the 'GDV') when built and sold of £3,100,000 (see https://www.onthemarket.com/details/9961602/). This figure is therefore almost three times what the government published data below indicates - but it is a relatively small site and smaller sites usually have higher values and that is what the 'asking price' is, not necessarily what the actual sale price might be. The majority of the information below can therefore be relied upon to some extent but we would personally advise discounting the sums below by as much as 25% to achieve a more realistic value. For up to date information on the value of your land please see our example sites below or contact us for a FREE VALUATION OF YOUR LAND at https://www.landsite.co.uk/. Prices below are a guide only and for ENGLAND only - if you want prices for Wales, Scotland, Northern Ireland or London then please call or email us at www.landsite.co.uk. East Midlands Land [price per hectare - £] Residential development land prices in Amber Valley £550,000 Residential development land prices in Ashfield £400,000 Residential development land prices in Bassetlaw £680,000 Residential development land prices in Blaby £2,150,000 Residential development land prices in Bolsover £370,000 Residential development land prices in Boston £500,000 Residential development land prices in Broxtowe £1,200,000 Residential development land prices in Charnwood £1,370,000 Residential development land prices in Chesterfield £970,000 Residential development land prices in Corby £620,000 Residential development land prices in Daventry £1,880,000 Residential development land prices in Derby £1,000,000 Residential development land prices in Derbyshire Dales £2,100,000 Residential development land prices in East Northamptonshire £1,100,000 Residential development land prices in Erewash £370,000 Residential development land prices in Gedling £550,000 Residential development land prices in Harborough £2,650,000 Residential development land prices in High Peak £1,100,000 Residential development land prices in Hinckley and Bosworth£1,530,000 Residential development land prices in Kettering £1,350,000 Residential development land prices in Leicester £1,460,000 Residential development land prices in Lincoln £1,200,000 Residential development land prices in Mansfield £1,100,000 Residential development land prices in Melton £950,000 Residential development land prices in Newark and Sherwood £1,130,000 Residential development land prices in North East Derbyshire £670,000 Residential development land prices in North West Leicestershire £1,230,000 Residential development land prices in Northampton £2,040,000 Residential development land prices in Nottingham £1,200,000 Residential development land prices in Oadby and Wigston £1,710,000 Residential development land prices in Rushcliffe £1,700,000 Residential development land prices in Rutland £2,000,000 Residential development land prices in South Derbyshire £1,000,000 Residential development land prices in South Holland £450,000 Residential development land prices in South Kesteven £920,000 Residential development land prices in South Northamptonshire £2,850,000 Residential development land prices in Wellingborough £1,700,000 West Midlands / West Land [price per hectare - £] Residential development land prices in Birmingham £1,700,000 Residential development land prices in Bromsgrove £2,850,000 Residential development land prices in Cannock Chase £1,140,000 Residential development land prices in Coventry £1,810,000 Residential development land prices in Dudley £1,900,000 Residential development land prices in East Staffordshire £1,800,000 Residential development land prices in Herefordshire, County of £2,300,000 Residential development land prices in Lichfield £2,650,000 Residential development land prices in Malvern Hills £1,800,000 Residential development land prices in Newcastle-under-Lyme £1,000,000 Residential development land prices in North Warwickshire £1,700,000 Residential development land prices in Nuneaton and Bedworth £1,370,000 Residential development land prices in Redditch £2,450,000 Residential development land prices in Rugby £2,250,000 Residential development land prices in Sandwell £1,770,000 Residential development land prices in Shropshire £1,500,000 Residential development land prices in Solihull £4,270,000 Residential development land prices in South Staffordshire £2,340,000 Residential development land prices in Stafford £1,600,000 Residential development land prices in Staffordshire Moorlands £780,000 Residential development land prices in Stoke-on-Trent £820,000 Residential development land prices in Stratford-on-Avon £4,130,000 Residential development land prices in Tamworth £2,100,000 Residential development land prices in Telford and Wrekin £1,230,000 Residential development land prices in Walsall £1,110,000 Residential development land prices in Warwick £3,850,000 Residential development land prices in Wolverhampton £1,165,000 Residential development land prices in Worcester £2,650,000 Residential development land prices in Wychavon £2,230,000 Residential development land prices in Wyre Forest £1,450,000 Eastern & Anglia Land [price per hectare - £] Residential development land prices in Babergh £2,330,000 Residential development land prices in Basildon £4,000,000 Residential development land prices in Braintree £3,785,000 Residential development land prices in Breckland £1,870,000 Residential development land prices in Brentwood £7,000,000 Residential development land prices in Broadland £2,120,000 Residential development land prices in Broxbourne £5,000,000 Residential development land prices in Cambridge £6,250,000 Residential development land prices in Castle Point £3,850,000 Residential development land prices in Central Bedfordshire £3,700,000 Residential development land prices in Chelmsford £5,160,000 Residential development land prices in Colchester £2,475,000 Residential development land prices in Dacorum £7,000,000 Residential development land prices in East Cambridgeshire £2,300,000 Residential development land prices in East Hertfordshire £7,550,000 Residential development land prices in East Lindsey £800,000 Residential development land prices in Epping Forest £7,600,000 Residential development land prices in Fenland £370,000 Residential development land prices in Great Yarmouth £1,100,000 Residential development land prices in Harlow £4,500,000 Residential development land prices in Hertsmere £7,100,000 Residential development land prices in Huntingdonshire £2,700,000 Residential development land prices in Ipswich £2,350,000 Residential development land prices in King's Lynn and West Norfolk £1,150,000 Residential development land prices in Luton £3,060,000 Residential development land prices in Maldon £3,790,000 Residential development land prices in Mid Suffolk £2,100,000 Residential development land prices in North Hertfordshire £6,100,000 Residential development land prices in North Kesteven £850,000 Residential development land prices in North Norfolk £2,460,000 Residential development land prices in Norwich £2,400,000 Residential development land prices in Peterborough £1,600,000 Residential development land prices in Rochford £4,300,000 Residential development land prices in Cambridgeshire £5,390,000 Residential development land prices in Norfolk £2,250,000 Residential development land prices in Southend-on-Sea £3,650,000 Residential development land prices in St Albans £8,900,000 Residential development land prices in St. Edmundsbury £3,300,000 Residential development land prices in Stevenage £4,200,000 Residential development land prices in East Suffolk £2,150,000 Residential development land prices in Tendring £1,750,000 Residential development land prices in Three Rivers £6,900,000 Residential development land prices in Thurrock £3,510,000 Residential development land prices in Uttlesford £4,580,000 Residential development land prices in Watford £6,800,000 Residential development land prices in Waveney (now merged with East Suffolk) £1,150,000 Residential development land prices in Welwyn Hatfield £6,050,000 Residential development land prices in West Lindsey £370,000 Yorkshire & Humber Land [price per hectare - £] Residential development land prices Barnsley £760,000 Residential development land prices Bradford £700,000 Residential development land prices Calderdale £1,140,000 Residential development land prices Craven £2,050,000 Residential development land prices Doncaster £750,000 Residential development land prices East Riding of Yorkshire £1,945,000 Residential development land prices Hambleton £2,150,000 Residential development land prices Harrogate £2,940,000 Residential development land prices Kingston upon Hull, City of £550,000 Residential development land prices Kirklees £1,500,000 Residential development land prices Leeds £2,150,000 Residential development land prices North East Lincolnshire £750,000 Residential development land prices North Lincolnshire £370,000 Residential development land prices Richmondshire £1,680,000 Residential development land prices Rotherham £900,000 Residential development land prices Ryedale £1,800,000 Residential development land prices Scarborough £1,570,000 Residential development land prices Selby £1,000,000 Residential development land prices Sheffield £870,000 Residential development land prices Wakefield £1,200,000 Residential development land prices York £2,750,000 North East Land [price per hectare - £] Residential development land prices Darlington £640,000 Residential development land prices County Durham £700,000 Residential development land prices Gateshead £720,000 Residential development land prices Hartlepool £615,000 Residential development land prices Middlesbrough £600,000 Residential development land prices Newcastle upon Tyne £850,000 Residential development land prices North Tyneside £1,150,000 Residential development land prices Northumberland £650,000 Residential development land prices Redcar and Cleveland £400,000 Residential development land prices South Tyneside £400,000 Residential development land prices Stockton-on-Tees £600,000 Residential development land prices Sunderland £600,000 North West Land [price per hectare - £] Residential development land prices Allerdale £370,000 Residential development land prices Barrow-in-Furness £1,100,000 Residential development land prices Blackburn with Darwen £450,000 Residential development land prices Bolton £1,110,000 Residential development land prices Burnley £370,000 Residential development land prices Bury £1,380,000 Residential development land prices Carlisle £370,000 Residential development land prices Cheshire East £1,300,000 Residential development land prices Cheshire West and Chester £2,760,000 Residential development land prices Chorley £1,245,000 Residential development land prices Copeland £370,000 Residential development land prices Eden £1,430,000 Residential development land prices Fylde £1,700,000 Residential development land prices Halton £1,830,000 Residential development land prices Hyndburn £1,100,000 Residential development land prices Knowsley £870,000 Residential development land prices Lancaster £1,650,000 Residential development land prices Liverpool £815,000 Residential development land prices Manchester £2,130,000 Residential development land prices Oldham £850,000 Residential development land prices Pendle £710,000 Residential development land prices Preston £1,175,000 Residential development land prices Ribble Valley £1,770,000 Residential development land prices Rochdale £900,000 Residential development land prices Rossendale £1,160,000 Residential development land prices Salford £1,500,000 Residential development land prices Sefton £1,450,481 Residential development land prices South Lakeland £1,750,000 Residential development land prices South Ribble £1,250,000 Residential development land prices St. Helens £1,120,000 Residential development land prices Stockport £2,400,000 Residential development land prices Tameside £1,950,000 Residential development land prices Trafford £2,240,000 Residential development land prices Warrington £1,400,000 Residential development land prices West Lancashire £1,390,000 Residential development land prices Wigan £900,000 Residential development land prices Wirral £1,170,000 Residential development land prices Wyre £1,500,000 South East Land [price per hectare - £] Residential development land prices Adur £4,100,000 Residential development land prices Arun £3,350,000 Residential development land prices Ashford £2,510,000 Residential development land prices Aylesbury Vale £3,450,000 Residential development land prices Basingstoke and Deane £2,900,000 Residential development land prices Bracknell Forest £5,100,000 Residential development land prices Brighton and Hove £7,160,000 Residential development land prices Canterbury £5,450,000 Residential development land prices Cherwell £4,100,000 Residential development land prices Chichester £4,800,000 Residential development land prices Chiltern £8,210,000 Residential development land prices Crawley £4,840,000 Residential development land prices Dartford £4,100,000 Residential development land prices Dover £2,350,000 Residential development land prices East Hampshire £6,000,000 Residential development land prices Eastbourne £3,750,000 Residential development land prices Eastleigh £3,800,000 Residential development land prices Elmbridge £9,280,000 Residential development land prices Epsom and Ewell £7,350,000 Residential development land prices Fareham £3,725,000 Residential development land prices Gosport £1,820,000 Residential development land prices Gravesham £3,850,000 Residential development land prices Guildford £7,625,000 Residential development land prices Hart £5,730,000 Residential development land prices Hastings £2,360,000 Residential development land prices Havant £3,910,000 Residential development land prices Horsham £5,330,000 Residential development land prices Isle of Wight £1,600,000 Residential development land prices Lewes £4,450,000 Residential development land prices Maidstone £2,800,000 Residential development land prices Medway £3,370,000 Residential development land prices Mid Sussex £5,150,000 Residential development land prices Milton Keynes £3,050,000 Residential development land prices Mole Valley £7,200,000 Residential development land prices New Forest £5,750,000 Residential development land prices Oxford £5,090,000 Residential development land prices Portsmouth £3,000,000 Residential development land prices Reading £4,800,000 Residential development land prices Reigate and Banstead £6,500,000 Residential development land prices Rother £2,950,000 Residential development land prices Runnymede £7,780,000 Residential development land prices Rushmoor £4,300,000 Residential development land prices Folkestone and Hythe £2,270,000 Residential development land prices Sevenoaks £8,300,000 Residential development land prices Slough £5,450,000 Residential development land prices South Bucks £6,150,000 Residential development land prices South Oxfordshire £5,630,000 Residential development land prices Southampton £2,700,000 Residential development land prices Spelthorne £6,000,000 Residential development land prices Surrey Heath £5,800,000 Residential development land prices Swale £3,280,000 Residential development land prices Tandridge £6,100,000 Residential development land prices Test Valley £2,550,000 Residential development land prices Thanet £2,850,000 Residential development land prices Tonbridge and Malling £4,250,000 Residential development land prices Tunbridge Wells £4,700,000 Residential development land prices Vale of White Horse £3,930,000 Residential development land prices Waverley £6,200,000 Residential development land prices Wealden £4,380,000 Residential development land prices West Berkshire £4,250,000 Residential development land prices West Oxfordshire £3,070,000 Residential development land prices Winchester £6,070,000 Residential development land prices Windsor and Maidenhead £7,050,000 Residential development land prices Woking £6,850,000 Residential development land prices Wokingham £5,370,000 Residential development land prices Worthing £4,500,000 Residential development land prices Wycombe £5,540,000 South West Land [price per hectare - £] Residential development land prices Bath & North East Somerset - £3,000,000 Residential development land prices Bournemouth £3,400,000 Residential development land prices City of Bristol of £3,250,000 Residential development land prices Cheltenham £3,380,000 Residential development land prices Christchurch £4,500,000 Residential development land prices Cornwall £1,995,000 Residential development land prices Cotswold £3,750,000 Residential development land prices East Devon £2,510,000 Residential development land prices East Dorset £3,450,000 Residential development land prices Exeter £2,900,000 Residential development land prices Forest of Dean £850,000 Residential development land prices Gloucester £2,300,000 Residential development land prices Isles of Scilly £3,480,000 Residential development land prices Mendip £1,650,000 Residential development land prices Mid Devon £2,050,000 Residential development land prices North Devon £1,770,000 Residential development land prices North Dorset £2,200,000 Residential development land prices North Somerset £2,310,000 Residential development land prices Plymouth £1,600,000 Residential development land prices Poole £3,400,000 Residential development land prices Purbeck £3,820,000 Residential development land prices Sedgemoor £1,600,000 Residential development land prices South Gloucestershire £2,900,000 Residential development land prices South Hams £2,170,000 Residential development land prices South Somerset £1,800,000 Residential development land prices Stroud £2,350,000 Residential development land prices Swindon £2,000,000 Residential development land prices Taunton Deane £1,800,000 Residential development land prices Teignbridge £2,000,000 Residential development land prices Tewkesbury £2,130,000 Residential development land prices Torbay £1,500,000 Residential development land prices Torridge £1,490,000 Residential development land prices West Devon £3,100,000 Residential development land prices West Dorset £2,900,000 Residential development land prices West Somerset £2,350,000 Residential development land prices Weymouth and Portland £2,200,000 Residential development land prices Wiltshire £1,920,000 Some further examples of sold prices (between 2020 to 2023) for land (calculated on gross land area) in the UK. See how much less the prices for doing an 'Option' deal are compared with a 'Land Promotion' deal : SUFFOLK EXAMPLE : 10 acres land sold with planning for 120 new houses for £3.8M which equates to £380,000 per acre (Housebuilder Option Deal). Compare with deal for 35 acres and 300 new houses for £20M which equates to £577,000 per acre (Land Promoter Deal). ESSEX : 13 acres of land sold with planning for 100 new houses for £8.5M which equates to £653,846 per acre. (Housebuilder Option Deal). Compare with 12 acres accommodating 140 new houses sold for £1,571,000 per acre (Land Promoter Deal). MIDLANDS : 14 acres of land with planning for 120 new houses for £7.0M which equates to £500,000 per acre. (Housebuilder Option Deal). Compare with site for 240 houses across 34 acre site sold for £24M which equates to £705,882 per acre (Land Promoter Deal). NORTH : 11 acres of land with planning for 95 new houses for £5.8M which equates to £527,272 per acre. (Housebuilder Option Deal). Compare with a site sold for 1200 houses across 170 acres sold for £112M which equates to £658,823 per acre (Land Promoter Deal). Please bear in mind that these land deals vary in site size so are not necessarily directly comparable but principle is there - i.e. tread very carefull indeed with any deal directly offered by a large housebuilder as ALL the evidence and ALL the data shows that the landowner will regularly get a much better land value (and faster planning permission) with a land promoter. Commercial Development / Offices - Land Sold - Prices Per Hectare [to achieve price per acre divide these figures by 2.471} Dudley £865,000 Aylesbury £865,000 Warrington £865,000 Chester £865,000 Croydon £43,890,000 Brighton and Hove £2,210,000 St Austell £865,000 Coventry £1,000,000 Nuneaton £865,000 Carlisle £865,000 Sheffield £1,200,000 Nottingham £1,240,000 Bournemouth £1,010,000 Poole £865,000 Kingston upon Thames £5,400,000 Basingstoke £1,740,000 Gloucester £865,000 Cheltenham £1,095,000 Birmingham Central £13,770,000 Solihull £865,000 Peterborough £865,000 Cambridge £24,360,000 Lincoln £865,000 Grimsby £865,000 Manchester Central £12,960,000 Bolton £865,000 Plymouth£865,000 Exeter £2,500,000 Watford £5,245,000 Hemel Hempstead £1,575,000 Kingston upon Hull £865,000 Blackpool £865,000 Blackburn £865,000 Leeds City £11,120,000 Bradford £865,000 Leicester £865,000 Liverpool City / Region £865,000 Birkenhead £865,000 London Victoria / London Central £480,680,000 Southwark £282,000,000 Harrow £6,270,000 Bromley £2,470,000 Norwich £865,000 Ipswich £865,000 Newcastle upon Tyne £1,380,000 Sunderland £865,000 Oxford £4,830,000 Doncaster £865,000 Rotherham £865,000 Southampton £1,010,000 Portsmouth £865,000 Redbridge £2,470,000 Bexley £2,470,000 Northampton £865,000 Luton £1,250,000 Stoke-on-Trent £865,000 Wolverhampton £865,000 Swindon £865,000 Tees Valley / Middlesbrough £865,000 Darlington £865,000 Thames Valley Berkshire Reading £26,200,000 Slough £15,580,000 Telford £865,000 Bristol City £14,030,000 Bath City £3,700,000 Worcester £865,000 Scarborough £865,000 Residential land prices will be almost certainly set to increase between 2021 and 2023 as the UK economy grows and continued demand for homes (especially houses rather than apartments). [UPDATE 2024 : RESIDENTIAL LAND PRICES FELL BY AS MUCH AS 50% IN SOME CASES AFTER THE 'TRUSS/ / KWARTENG' BUDGET AND INTEREST RATE RISE. tHEY WILL BE LIKELY TO RETURN TO 2020 LEVELS IN 2025 AND PUSH UP FROM THERE - TIMING OF A SALE OF YOUR LAND IS THEREFORE IMPORTANT] The increasing demand coupled with a continued lack of supply due to restrictive local authority planning rules and greenbelt designation combined with the fact that many brownfield sites have already been developed will mean that the sites that do become available will be fiercely bid by the plc housebuilders. The recent Budget announcement for tax breaks on investments activity within the UK together with huge new demand for logistics and warehousing will also lead to localised pressure for new housing to accommodate new employees locally - and thus sustainably. Commercial and industrial uses of land may well compete with the residential values in the near future as this sector expands rapidly. IF YOU INTEND TO 'LEAVE A REPLY' BELOW REGARDING AN ENQUIRY COULD I REQUEST THAT IF YOU REQUIRE CONTACTING THEN PLEASE EMAIL : [email protected] [NOTE THAT REPLIES SUBMITTED VIA THIS THIS BLOG ARE NOT MONITORED].
11 Comments
The rise of the land promoter has been a good thing for farmers and landowners across the UK but whilst this holds true for the largest, most well-established and funded promoters, what about the raft of smaller companies that have sprung up ?
The danger here lies in the actual agreement itself as should the land promoter fail then it is worth bearing in mind the landowner may well have signed-up to perhaps a 5 or 10 year (or the ever popular '5y+5yr+5yr' land promotion agreement) period and as such if the land promoter goes into bankruptcy then what are the legal implications for whether the deal can be transferred ? The Option Agreement does not have this problem and is of course usually taken out with a large, well funded plc housebuilder. But with the potential ahead for economic problems in the UK, should unemployment rise significantly and / interest rates climb then house sales will suffer and the housebuilders will reduce their need for buying land from land promoters - can smaller land promoters really carry the cost of perhaps several large planning applications with no realistic end sale result in sight ? Given that farmland prices in 2020 only grew by a small percentage to stand at £6,690 per acre by the end of 2020 (see https://www.savills.co.uk/property-values/rural-land-values.aspx) and we have a national borrowing of over two trillion pounds (January 2021) it is important to look at where residential and other land values may be going in 2021 and beyond.
Residential Land Values - 2021 Residential land values for land with planning have remained steady during 2020 and will in all likelihood increase towards the end of 2021 as a greater number of housebuilders and developers at last find confidence in securing new sites to build out so Landsite estimates that prices could climb by 5% to 10% by the end of 2021. Roughly speaking, land values are now : January 2021 – residential development land - £1M to £1.2M+ in and around the Home Counties falling to as little as £400,000 to £500,000 per acre in pooper provinces. A good ‘average’ value is around £650,000 per acre across the UK. You will get slightly more using the ‘land promotion’ route as the land is sold on the open market with the added financial benefit of a planning permission – this could be as much as 10% to 20% more. See Selling Land - FAQ's for more information. Land Promoters – 2021 and Beyond Regarding deals with land promoters, we see this as continuing apace and the market still sees new companies coming into it. Farmers and landowners need to tread relatively carefully if they are looking to get into agreements with under-capitalised firms as if any economic recession hit then they could find such companies may struggle to properly service the costs of land promotion or, worse case, go bust. In that respect, on larger sites (and dependent upon where we are in the economic cycle) it may be more prudent to work with a large, well-funded plc housebuilder. See the Land Promoters & Developers Federation (LPDF) for more information : https://lpdf.co.uk/. Logistics – Huge new demand following Coronavirus There is undoubtedly a huge (early-mid 2021) demand for land for logistics and warehousing – this being an obvious result of the Coronavirus pandemic and lockdown with online sales rocketing by almost 52% in August 2020 alone. Land adjacent to established towns and close to important motorway or main road junctions will be well worth considering for this type of use.- while less value than residential land, nevertheless, it offers landowners the chance to potentially hold on to their freehold and enter good long-term leases with a ‘steady’ income and added benefit of retaining the ownership. Sadly, most of the main 25 UK logistics developers prefer to simply buy the land subject to planning permission and develop it themselves – but it is always worthwhile asking the question ! Land values for these uses are easily running at between £500,000 to £650,000 per acre in the most desirable locations and (e.g.) near the M25. https://www.logisticsbusiness.com/materials-handling-warehousing/distribution-centre-property/demand-for-uk-logistics-space-hits-record-levels/ for more information. Carehome and Retirement Land Values - 2021 The carehome sector continues to grow although the majority of this is for ‘later living’ rather than specialist care. The market is consistently under-fed in terms of new sites and demand strong. Landowners should always at least consider retirement development in the ‘mix’ of development at a residential site as the land values per acre are so much higher. Developers are paying between £2M to £4M+ for sites of 0.75 acres to 1 acre+ in the Midlands, South-West and North of England. Similarly decent prices in good parts of Scotland and Wales too. In top locations and certainly in London retirement sites of up to 1.5 acres can be worth £25M with planning. Most sites are being sold for between £6M to £10M+ in and around London. See these publications for more information : https://content.knightfrank.com/resources/knightfrank.co.uk/case-for-retirement-housing.pdf and https://www.housinglin.org.uk/_assets/Resources/Housing/OtherOrganisation/JLL_Retirement_Living_Report_.pdf New Alternatives for Farmers & Landowners - The Future There are also growing alternatives for landowners in the field of ‘sustainable energy’ developments as potential has now moved on from the Solar Farms (Photovoltaic or ‘PV’) and wind farms to battery storage facilities, gas reciprocating engines, large new tracts of forestry for carbon capture and even microhydro power projects which have particular potential for hill farmers. Long-term leases can be signed with Solar, Wind and Battery Storage companies and easily create a long-term gross income stream of in excess of £50k to £100k per annum. See the following links for more information : https://stateraenergy.co.uk/ - Battery banks and gas fired reciprocating engines https://thefarmingforum.co.uk/index.php?threads/micro-hydro-power.95338/ - Microhydropower https://www.forestcarbon.co.uk/ - Carbon Capture with new forestry For more information : If you are seeking any general advice on how to develop your land then please call John Holland on 07971 389895 and we will be pleased to discuss this with you. Visit https://www.landsite.co.uk/ for more information. |
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