Archive Article: 1998/07/31

31 July 1998

IN BRIEF

&#8226 MARKETED in May, the Stoneythorpe Estate, near Southam, Warwicks, now is sold for a figure well over £2m; the guide price for the whole was £1.8m.

After interest in the whole and the lots it was bought by one buyer who intends to restore the hall – it needs at least £250,000 spending on it – and manage the estate in-hand, says Richard Brook, Lane Fox, who handled the sale.

&#8226 ABOUT 645 acres in south Devon were offered at auction recently by Luscombe Maye Hands Hughes including three dairy farms and 200 acres of bare land.

For sale due to retirement two dairy farms – 112 and 231 acres – sold for £349,000 and £670,000, respectively.

Each included a dwelling and ranges of modern farm buildings but no milk quota.

An 81-acre dairy farm near South Brent failed to reach its reserve and was withdrawn at £263,000 but sold privately after the auction.

&#8226 TWO lots of land eligible for arable area aid were withdrawn from auction recently.

The land at Cotwalton, near Stone, Staffs, was split into 34- and 36-acre blocks, which were withdrawn at £1948/acre and £2015/acre by auctioneer, Bagshaws.