Should I buy a 2 1/2 acre paddock?

[Boredbumhead]

It is 26k. It has no planning or anything and I would have to add it my mortgage....
My heart says buy it but would I be making a bad financial judgement? It's Infront of our house, but not adjoining. You would have to leave the house and walk down the road for 2 mins....

What can I do with a two acre paddock?

Do you have livestock? Could it be used for development into holiday cottages?

Why do you want it? You could rent it to someone with sheep. It will require maintenance obviously.

@Jihhery no it doesn't have any planning permission. I don't think you could build on it.

Yes buy it!

Why do you want it? I understand the temptation of buying it just because you can but unless you have plans for it then I’m not sure there’s any point.

Does it have hedges onto the road? You’d have to pay a contractor to get it cut one or twice a year.

If the grass has been left to grow long, you could also have it baked for hay and seek it on - no idea what the costs involved would be.

Is there a footpath going across it? You’d be responsible for maintaining the access along the footpath.

Put a stable on it, rent it out to someone with a horse. Or have a few livestock... hobby? Veggie patch. Might be able to build on it in the future

If keeping any livestock would you need electric fencing?

@blagaaw99 what can I do with it? Keep chickens and a poly tunnel perhaps?

I would, you could have a wildflower meadow, fence it for livestock, rent it out to dog walkers, loads of possibilities.

@blagaaw99 do you how much I could rent it out for?

Why do you think you would be able to add it onto your mortgage?

You might be able to remortgage and release equity to buy it in cash.

Is your income and LTV enough to support that?

valaisblacknosesheepcheshire.co.uk/

I actually have no clue what’s involved in looking after them, or in fact if that’s a big enough field... but look at them

[quote Boredbumhead]@blagaaw99 do you how much I could rent it out for?[/quote]
does it have running water? Stabling?

If you rent it for horses, be mindful that quite often they get trashed and then the person renting moves on. Paddocks do require maintenance, so you'd either have to get the equipment to do it yourself or pay someone else to do it. Horses generally cause more wear to fences and ground than sheep.

Unless you actually want horses of your own , and it’s quite small so will need a lot of management , do not let it out for horses it will be way more trouble than it’s worth . If it were me I’d get it and then get a couple of alapacas .

It's not big enough for horses unless the horses are on a diet. My horse would trash that in about a month. Although he is a complete pig and asshole so that could be why..

Put up a yurt or shepherds hut and air bnb it.

Someone near me did this recently and have turned it into a mini nature reserve and wildflower meadow. They let people in freely.......which is lovely of them. Personally if it was me I wouldn't! :) I'd have a pond and ducks and it would be a peaceful chill out place..

Or get alpacas and set up an alpaca trekking business. You need high fences though.

You can - if it is a secure field, ie, the fences are dog-safe - charge around £10 an hour for exclusive use. Do a Google on 'rent a dog field' and you can see some of the set-ups other people have. You must set rules about dog poo, vaccinations etc., before doing this, but it's a relatively easy way of getting some money back.

@Inextremis

You can - if it is a secure field, ie, the fences are dog-safe - charge around £10 an hour for exclusive use. Do a Google on 'rent a dog field' and you can see some of the set-ups other people have. You must set rules about dog poo, vaccinations etc., before doing this, but it's a relatively easy way of getting some money back.

You need a high level of insurance though, a friend looked at it.

I would in a heartbeat! Chickens, veg and pigs (so easy to look after). But then I'm always dreaming of the god life.

We've just bought a field and we're going to plant a woodland. The woodland trust can help plan and get you trees. They have special programmes for farmland being turned into woodland.

This is my dream! I’d put in an orchard, kids wild play, plant a tiny bit of woodland. Keep a pig or ducks (already have chickens in the garden). Maybe sell the fruit and eggs from an honesty box to make a bit of money back. Maybe keep bees too. Let people pay to “wild camp” on it if you make a compost loo.