29 March 2002

Mixed unit on an empty market

NORTHALLERTON Estate Agency has just launched an 82-acre arable and stock farm onto an empty North Yorks market.

Guided at £375,000, Greystone Lodge, Maunby, near Thirsk, is currently all down to grass, but agent Robin Jessop says almost 40 acres are IACS-registered, with 30 acres suitable for potato production.

The holding, which features a two-bedroomed barn conversion, is being sold following the decision of owner Geoffrey Peirson, who bought the farm from Mr Jessop in the early 1990s, to pursue other interests

Meanwhile in East Yorks, the sale of one of the first properties to go on the market this year has almost been wrapped up, according to one of the selling agents involved.

Red House and Brooks Farms, Patrington, was launched jointly by Frank Hill & Son and Michael Glover LLP in the middle of January. "We made a conscious decision to go as soon after Christmas as possible to take advantage of an empty market," says Michael Glover.

Of the seven lots that made up the disposal of the 390-acre arable holding, all but one are in the hands of solicitors, notes Mr Glover, who adds that all of the guide prices for the land were exceeded. Grade 2 land was valued at £2500/acre, while Grade 3 soil was pegged at £2000/acre.

Most of the interest came from local producers prepared to look beyond the current difficulties affecting agriculture, says Mr Glover. "This is a sign that the market remains well supported at current values." &#42

Greystone Lodge Farm, near Thirsk, is available for £375,000.