For sport or for leisure, horse riding remains a popular British past time with over 3.5 million people riding each year. However, with this comes the added costly challenge of keeping a horse. It is an age old debate in the world of horses, to pay for the use of a livery or to invest in your own property.
The stable block at Kimblesworth Grange
A livery yard is a stable where horse owners pay either a weekly or monthly fee to have their horses boarded and grazed there. The cost of using a livery is expensive and ever increasing, with many associated positives but with plenty of negatives as well. Owning land gives horse owners greater control and opportunity in keeping a horse.
With livery costs upwards of £150 per week for each horse this is all money into someone else’s pocket. The benefits that come with owning one’s own land are endless and there is always the option of letting out the land to other horse owners, providing a return on the investment.
As properties offering grazing for horses very rarely come onto the market this forges a very unique asset that provides the opportunity to pay off your own mortgage, rather than someone else’s.
The property market is to face another tough year in 2012. First home buyers are still struggling despite government incentives to reduce the percentage requirement of deposits. And with house prices remaining sluggish and mortgage rates high not a lot of property is changing hands. Agricultural and equestrian land however, continues to buck these trends with land prices high and demand for land even higher. With a proven track record of capital growth, land investment is seen as a healthy one in the country’s current financial climate.
Helen Russell, Chartered Surveyor of H&H Land and Property commented on these trends;
Kimblesworth Grange“Land prices are high but opportunity is ripe. Small Holder properties consisting of a house with a few acres are being snatched up quickly. But there is also a noticeable demand for small plots of land suitable for equestrian purposes, without the added cost of buying a house as well.”
Investing in one’s own land will remove a livery charge; however it may also be accompanied by an increased mortgage. As long term benefits though, this investment provides a landowner with equity and the opportunity for development and resale of the property in later years.
An example of these opportunities is land at Kimblesworth Grange, County Durham. It is not often that parcels of land this size come onto the market. At 4.15 acres this sized property is manageable for most. The property is relatively flat, divided into three well fenced post and rail paddocks. With a 4 box stable block this property is ideal for a horse owner. The land is connected to a good network of bridleways and footpaths and is easily accessed from a private road.
Helen Russell also commented on this opportunity for horse owners.
“Particularly in Durham horse boarding and ownership is very expensive. This is the perfect piece of land for those wanting to escape the restrictions of livery and enjoy the benefits of land ownership and investment. With mains water the land is being sold as either a whole or as two separate lots and is a great opportunity for a horse owner or someone looking for a slice of their own rural paradise”.
Sale is by private treaty with a guide price of over £65,000 pounds. Closing date for best offers is Monday 27th February. For further information on the sale please contact H&H Land and Property on 0191 370 8530 or visit www.hhland.co.uk
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