Selling Rural Property - Conventional Estate Agent Not Working

[Steve1234]

Hello,

My family are selling a rural property in Lancashire and have been for over year. The sale comes with a 3.5 acres of land and planning permission to extend an existing farm house where the work was partially undertaken. Unfortunately it hasn't attracted enough serious investors/potential buyers.

Perhaps RightMove and the conventional Estate Agent we are using isn't the correct avenue to reach suitable buyers. The property is on sale for just under £300,000 and to complete the work it would cost around £250,000 including a garage which is unbuilt.

Would using a company like Savills or specialist auctioneer be a better channel in order to find the right type of buyers?

Thanks

 

[lookinginvest]

Have you considered approaching the owner of this forum and seeing if you can take out a formal advert or they might even know investors who migh be interested:-

https://www.propertyforum.com/contact-us

@Nicholas Wallwork

 

[Steve1234]

Thanks for the reply. I may try that, i am new to the site so i don't know how effective advertising is on here for rural properties with planning permission. Any tips might be helpful.

It would be a good idea as suggested to get in touch with some perspective investors. The local area seems somewhat fruitless.

Thanks
Steve

 

[Nicholas Wallwork]

Hello,

My family are selling a rural property in Lancashire and have been for over year. The sale comes with a 3.5 acres of land and planning permission to extend an existing farm house where the work was partially undertaken. Unfortunately it hasn't attracted enough serious investors/potential buyers.

Perhaps RightMove and the conventional Estate Agent we are using isn't the correct avenue to reach suitable buyers. The property is on sale for just under £300,000 and to complete the work it would cost around £250,000 including a garage which is unbuilt.

Would using a company like Savills or specialist auctioneer be a better channel in order to find the right type of buyers?

Thanks

I'd suggest you engage a more national agent like Savills or Knight Frank... they have specialist departments for "rural" and development opportunities and will also have a better change of pulling people in from further afield.

Bare in mind the market has been rather slow over the last year or so and things will hopefully pick up now the election is over and Brexit will get done at some point in the near future.

Rightmove is well worther keeping going but the major agents mentioned above will also list it on there...

Good luck with it!