Properties go well in midland auction rooms
A CLUTCH of Midlands properties made good prices when they went under the hammer last week.
Near Rugby, four local farmers "slogged it out", according to Howkins and Harrisons Tim Ball, for a 90-acre block of arable land, pushing the price up to a heady £388,000 (£4471/acre).
The agent says a packed auction room watched in silence as the price for part of Manor Farm, Church Lawford, climbed upwards before a neighbouring producer eventually won the day. Just over 75 acres was IACS-registered.
Fisher German achieved almost £4000/acre for six lots of Warks grassland around the village of Hurley, near Atherstone. The firms Richard Clowes says a mixture of farm and amenity bidders were in action with the most expensive lot fetching £6100/acre.
"People like to invest in something they can see, and the current uncertainty affecting the stock market seems to be encouraging that trend. Over 300 people attended the sale."
A mixed 231-acre Salop unit, marketed by Wright Manley, failed to sell in the room but was sold immediately post-auction by private treaty for close to the £900,000 guide price.
Birch Hall, Ellesmere, featured a 6-bedroomed Georgian dwelling and the sale included just over 407,488 litres of milk quota.
The purchaser was a commercial Staffs farmer upgrading to a bigger unit, notes agent John Lewis. *