Auctioneers across England rounded off March in style as a rash of farm property went under the hammer last week.
In the north east, agent George F White said it sold a 179-acre farm that it believed was the most expensive single lot to be offered in the area. Low Burn Hall, three miles from Durham city centre, was guided at £1.75m but sold to the Woodland Trust for a “staggering” £2.4m.
The firm’s Robyn Peat said: “We were confident it would reach the £2m mark however to achieve 37% more than the guide was fantastic.”
Great Quebb Farm at Eardisley, Herefordshire, which has a seven-bed house and 270 acres, was guided at £2.2m, but made £2.6m when it went under the hammer with Michael Rose of agent Brightwells. Mr Rose said the purchaser was a farming family from Rhayader in Mid Wales. “From memory this is one of the highest prices reached at auction for a farm property.”
Ken Pritchard, of eastern agent Brown & Co, said 150 people packed Belton Public Hall to watch him sell West Acres Farm on the Isle of Axholme, near Scunthorpe, north Lincolnshire.
Twelve buyers, a mixture of farmers and local property owners, bid successfully and paid £3750/acre on average for the land.