New bid to exploit residential market

31 August 2001

New bid to exploit residential market

DORSET firm Symonds & Sampson is adopting a new marketing approach to clinch a deal on Potwell Farm, Mosterton, Dorchester.

The 263 acre mixed unit was first brought to the market late last year. But chartered surveyor Roger Excell admits: "Last year I dont think we sufficiently explored the residential market."

Because the property includes an active dairy operation, foot-and-mouth effectively put the sale on hold. Now, with careful lotting, Mr Excell is hoping the package has something to offer the complete spectrum of buyers.

"The problem often seems to be that many purchasers from outside agriculture cant see beyond farm buildings in close proximity to the house. They dont realise it is fairly easy to have them removed."

He says there has been interest from a dairy farmer looking to take on the whole farm, which is valued at £1.05m, but predicts a split with the four-bedroomed thatched house and 75 acres going to a non-farmer for an estimated £550,000.

A second lot, including a modern tied bungalow and 103 acres, guided at £350,000 could appeal to a retired farmer. The balance of the land, of which 48 acres are IACS-registered, is available for £1600/acre. &#42

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