Details to consider when choosing a home with equestrian facilities
27 MAY 2014
Properties with full equestrian facilities are in huge demand as livery costs are so expensive, and often fetch a premium.
Prices for equestrian homes vary widely and it’s worth bearing in mind that you may end up spending a significant amount on updating the facilities to your own specifications. One of my clients bought a property with £1.5m of equestrian facilities and completely remodeled it, spending £4m for eventing. But the facilities are now good enough to train for the Olympics.
Equestrian facilities can date relatively quickly: if they are used hard over ten or 15 years, they will need replacing. If you don't update such facilities, this will affect the value when you do come to sell.
The more specialist the equestrian set-up, the narrower the resale market. You may be able to charge more but there will be fewer interested buyers. Someone who rides for a hobby and has children at Pony Club might require no more than a nice house with some stables and a paddock. If you have racehorses you will need much more specialist facilities while Jump and Flat yards do not make good three-day event yards.
When buying a home with equestrian facilities, it is good practice to check whether the site has planning permission as people can take a cavalier attitude. Another problem can be the land; check drainage in the fields as heavy wet clay makes it impossible to put the horses out. Make sure to check the pasture over to ensure it is healthy for the horses.
Check the quality of riding out and hacking in the area. Roads an be busy so check that you can safely ride on them and ensure you can go from country lanes to bridle paths, ideally without crossing a busy main road.
And finally ensure you have sufficient access through the village with a large horsebox. Access might be fine during the day when your neighbours are at work but when there are plenty of cars double-parked along the lane, will you be able to get through?