Two classic East Anglian arable units
Two classic East Anglian arable units
A BRACE of south Norfolk properties within a few miles of each other have just been launched by Brown & Co and Strutt & Parker, giving potential buyers the rare opportunity to compare and contrast two similar units in the same locality.
Both are what their selling agents describe as classic, East Anglian arable units, and come with attractive family-sized dwellings and Grade 3 soils capable of giving good yields of combinable crops – over 4t/acre in the case of wheat.
Barford Farm, Topcroft, is S&Ps new 672-acre entry into the local derby, and is on the market priced at just over £2.43m. The sale has been split four ways, although the firms David Horsfall reckons it could sell as a whole.
"We are hoping it will attract a national buyer who will be interested in the various opportunities available." These include planning consent for two new buildings on the site of an old pig unit and residential conversion of a redundant building.
In terms of arable appeal, there is 3250t of grain storage capacity and Mr Horsfall is valuing the land at £2300-2500/acre.
Brown & Cos offering, Hall Farm, Saxlingham, was slipped onto the market a week earlier and is pegged slightly higher at £2.55m. It is also the larger of the two holdings at 750 acres, although much of the extra acreage is taken up by woodland.
Interestingly, agent David Hooper is putting a value of £2800/acre on the land, somewhat in excess of his competitors. "It is a reasonably full price but there is no point in being cowardly."
Neither agent seems unduly concerned about having competition so close by. "In a normal year you wouldnt think twice," claims Mr Hooper, who reckons there is still a lot less land available than usual. *