Welsh farmland exceeds expectations

Six parcels of farmland went under the hammer in the Vale of Clwyd recently, exceeding their guide price and highlighting the strength of the land market.

Around 100 people packed the auction room, but a listed farmhouse and development building remained unsold, indicating the strength of interest in agricultural land, said joint agents Davis Meade Property Consultants and Clough & Co.

The largest block of 39 acres averaged £5435/acre, with a productive 26-acre lot making £6088/acre. A general purpose farm outbuilding on five acres sold for £105,000, well in excess of its £60,000-£80,000 guide.