IN BRIEF

18 April 1997




IN BRIEF

SO far speculation over the imminent sale of the Pusey Estate, Oxfordshire, points to a deal being struck similar to that achieved last year for the Laverstoke Estate, Hamphire, which went as a whole to two buyers splitting the main house and farmland into separate units.

PRE-auction a private deal was negotiated for the 295-acres at Robinsons and Meanley Farm, Easington, near Clitheroe, Cumbria. Guided at £650,000 for the whole, a local buyer from the Fylde paid substantially more than this said agent Richard Turner of Richard Turner & Son. With land ranging from fell land worth £250/acre to pasture at £2750/acre, two dwellings and planning permission for another two units the buyer paid a premium for the properties said Mr Turner.

WITHIN two weeks of marketing, five lots of mainly grade 3 arable land at Cadhay Farm, Ottery St Mary, near Exeter went to best and final offers selling as a whole to a local farmer. Guided at £480,000 for the whole, Tom Finchett of agent Colvilles said: "The sale price showed no sign of any weakening in land prices from last years values."

A 76-acre block of permanent pasture recently sold at auction for £4474/acre. Near Shrewsbury the land at Cruckton was knocked down by auctioneers Halls to a neighbouring farmer.


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