Stags is flagging up the investment value inherent in the sale of a let Devon farm with a traditional farmhouse and barn, three modern farm buildings and 130 acres.

Coxwell Farm is let under a Farm Business Tenancy agreement for a fixed term of 30 years, terminating on 24 March 2031. It lies in a picturesque part of Devon between the villages of Exbourne and Monkokehampton; the farmhouse faces south with views towards Dartmoor.

For the investor, there is a rental return of £12,500 a year, which equates to a return on capital of about 2% a year. Combine this with the capital growth that land has been experiencing, and it could provide a healthy return and a safe investment that will revert to vacant possession in 17 years, says George Alder of Stags.

This is in addition to its potential eligibility for 100% Agricultural Property Relief from inheritance tax on the agricultural value.

“It is very rare for a let farm to come to the market and we have already received interest from throughout the UK and investors from abroad,” Mr Alder said.

The guide price is £600,000, which is about 65-70% of the vacant possession value.

Stags is also selling Scatter Rock, a modern house with an agricultural tie at Christow, offering dramatic views over the Teign Valley, just inside the Dartmoor National Park.

Given the amount of land offered with the house (107 acres), there is little discount for the agricultural tie – the farm is guided at £1.2m. There is planning consent for a holiday cottage in an old quarry building.

The firm is also about to launch a block of 100 acres of productive grassland near Okehampton with a £550,000 guide price. (Stags 01392 680 059).