value of 9 acre woodland

[Justme]

I would check out the "old mining land" bit very very carefully.

 

You could end up with a bill for a very very large amount if it ever comes out that it needs cleaning up.

[davetaz]

You need to be very thorough with the potential legal implications which is really for you and solicitor to sort out - also check with local planning office for any issues, talk to some of locals that may use it. Find out if freehold or leashold, and therefore how long lease has left on it

As far as price goes it sounds too good to be true, generally the smaller a woodland the more expensive per acre. Many 4-5 acre woodlands sell for £20-£30K.

We bought 21 acres in rural north wales 2 years ago for £53K, a few weeks later an adjoining piece of wood (16acres) sold for £60K

If you want any other advice check this forum SWOG Forum

Good luck, it was the best thing we ever did

[b101uk]

Beware of land covenants! also you may only own the surface and someone else may own the mineral rights thus the right to come in regardless of if you want them to or not and remove minerals and ores

 

Also be aware you may be liable for rectification of mine works and water pollution and if the mine is flooded you could be forced to stabilise and cap shafts to stops land slips hydraulicing the water and forcing the water out threw a weak points in other places

[Catweazle]

Beware of land covenants! also you may only own the surface and someone else may own the mineral rights thus the right to come in regardless of if you want them to or not and remove minerals and ores

 

Also be aware you may be liable for rectification of mine works and water pollution and if the mine is flooded you could be forced to stabilise and cap shafts to stops land slips hydraulicing the water and forcing the water out threw a weak points in other places

 

I can only imagine that there must be some liability like those mentioned above, because it's very cheap otherwise. I hope that the bloke just hasn't got a clue about land prices but it would be unusual for an owner not to take at least some interest in the value.

 

If it's all clear then it's a bargain - if I found some at that price I'd buy it tomorrow.

[face cord]

Did you buy it in the end then?

[ratcatcher]

Did you buy it in the end then?

 

I hope he did at that price, my 7.2 acres just cost us £49k

[likeitorlumpit]

I hope he did at that price, my 7.2 acres just cost us £49k

 

£7K an acre is not uncommon especially down south

[sandspider]

I hope he did at that price, my 7.2 acres just cost us £49k

 

I've been looking at woodland in this area, and that would be pretty cheap! (Depending on species, age etc.)