Owning a property where you can house, train, and ride your horses might sound like a fairy tale for any horse lover, but the journey to purchasing an equestrian home is no simple gallop. Before you saddle up and make an offer, understanding the unique market, property requirements, and potential pitfalls is crucial. Country Life recently published a guide to the process of buying your dream equestrian property.
The Unique Dynamics of Equestrian Property Sales
Equestrian properties operate in their own little bubble within the housing market. According to Annabel Blackett from Strutt & Parker, these properties are less affected by general market trends because they cater to a niche audience — horse lovers who often prioritise their equine family members over other financial decisions. This means that even when other real estate sectors dip, equestrian properties maintain their allure.
In tougher economic times, potential buyers might lean towards smaller homes that still offer ample outdoor space, notes Rose Grant from Fox Grant. The recent shift towards more manageable living spaces hasn’t dampened the demand for equestrian homes, which saw a significant spike during the pandemic as people moved towards the countryside for a lifestyle change.
Key Considerations
1. Location: Think Accessibility and Proximity
Finding the perfect location involves more than just scenic views. Your new home should be close to essential equestrian facilities like bridle paths, vets, and farriers. Areas like Gloucester, Yorkshire, and Sussex, known for their vibrant local equestrian events, might be particularly appealing.
2. Vehicle Access: Room to Move
Horse boxes and trailers are bulky; easy access to your property is a must. Ensure there’s enough space for maneuvering these large vehicles and that your property is conveniently located near major roadways for hassle-free transport to events.
3. Storage Needs: More Than Just a Stable
From hay and tack for hobby riders to feed and equipment for professionals, adequate storage is essential. The versatility of outbuildings on an equestrian property can also add value, offering potential conversion opportunities for future owners.
4. Land Quality and Quantity: Essential for Horse Health
The British Horse Society recommends 1 to 1.5 acres of grazing land per horse. The quality of the land is critical, with a preference for light, well-draining soils. Avoid heavy clays and sandy soils, which can pose health risks to horses.
5. Facilities: Built or Buildable
Consider whether the property has existing equestrian facilities like stables and arenas, or if you’ll need to build new ones — which could require planning permission. The needs vary significantly between a lifestyle equestrian buyer and a professional, with the latter likely requiring more advanced and extensive facilities.
The Equestrian Buyer’s Wishlist
Due to repeated event cancellations from poor weather, facilities that offer protection against the elements, like indoor arenas, have become more sought after. Additional features that attract buyers include American barn stabling, which simplifies stable management and reduces health risks, and specialised tracks for training.
Potential Pitfalls in Equestrian Property Purchases
Legal and Practical Challenges
- Covenants and Usage: Make sure the land is legally cleared for equestrian use, as this can differ significantly from agricultural use.
- Boundaries: Confirm the accuracy of land boundaries to ensure you have access to all the land you’re paying for.
- Water Supply: Investigate the water supply options, as many rural properties might not be connected to mains water.
- Rights of Way: Check for any rights of way that could affect your use of the property, especially those that might interfere with equestrian activities.
- Access Issues: Common in rural properties, ensure you have legal access to all parts of your property.
- Planning Policies: Be aware of any planning restrictions that could impact your ability to modify or enhance the property.
- Existing Occupiers: Understand any existing tenancies on the land, as these can complicate ownership.
Before you jump into the exciting world of equestrian property ownership, taking these factors into account will help you make a well-informed decision, ensuring that your new home meets both your and your horses’ needs. Whether you’re a casual rider or a competitive equestrian, the right property is out there, and with the right preparation, you’ll be ready to ride off into your own sunset.