The UK property market was more active in 2021, with the market quickly adapting to growing interest from environmental buyers and more and more properties being launched throughout the year.
Supply has jumped from reduced levels seen in 2020, although it still remains below pre-pandemic levels.
Prices remain high with demand steadily exceeding supply, and there has also been an increase in the number of private sales.
Properties with a more diverse portfolio and multiple sources of income generated the most interest, agents said. Many small properties have been made available, but large commercial farms remain in smaller numbers.
Overburns Farm, Lamington, Lanarkshire was launched by Savills in August, guided for over £ 2.5million and is currently on offer.
The prairie farm consisted of a five-bedroom house, three vacation homes, fishing rights on the River Clyde, and a series of farm buildings.
Savills Associate Director Luke French comments: “Given that the farm is close to the M74 and south, it has attracted 30% of its viewers from England, highlighting its easily accessible location.
“Overburns appealed to local farmers looking to add additional acres to an existing unit, but also provided a lifestyle buyer with the opportunity to generate a diverse income by renting both land and cabins while enjoying the benefits. advantages of country living. “
Beckerings Park Estate in Lidlington, Bedfordshire was sold by Strutt & Parker in June with a guide price of £ 17million.
The 1,306-acre estate included arable land, an irrigation reservoir, a residential portfolio and a business park with eight leased offices.
Matthew Sudlow, Estate and Farm Agency Manager at Strutt & Parker, said:
“The Beckerings Park Estate stands out from the crowd with its scale and exceptional diversity, making it one of the best commercial farms I have sold.”
“There were relatively few farms and estates over 1,000 acres available on the open market in 2021, and agriculturally this is a very versatile and high yielding farm. In addition, it offered a range of other sources of income, with the sale comprising a business park, six residential cabins and a commercial shoot.
“The sale was also unusual in that this is actually the second time that I have sold this property – the first being in 2011.”
Craigenhigh & Tolmauds, Torphins, Aberdeenshire, has been advertised by Bidwells for offers over £ 875,000. It included 69 acres of arable land, 109 acres of grassy meadows, and potential for forest plantation.
The Bidwells team said Craigenhigh & Tolmauds was an exceptional sale for three reasons: it sold out very quickly (launched mid-December 2020 and sale completed at the end of March 2021); it sold above the asking price (with several bids for the set and separate lots); and it showed how the land market was dynamic and provided access to the natural capital investment sector.
Most of the offers received by the closing date came from parties with afforestation aspirations.
In the past, demand would likely have been limited to local farm businesses that may not have been able to generate a meaningful return to the land, which in turn would have been reflected in their offerings, Bidwells said.
The Staffield Estate, Penrith, Cumbria was announced by Carter Jonas in June with a guide price of £ 2.25million and is in the process of being offered.
It has 495 acres with a main farm and a secondary farm nearby, two houses, a licensed shoot, a grassy park, arable land and pastures.
Carter Jonas said the sale of the Staffield Estate represented a rare opportunity to acquire a mixed agricultural, sporting and forestry investment estate in scenic Eden Valley.
Owned by the same family since the early 1900s, the majority of the estate included Staffield Old Hall Farm, which was leased out of a first estate secured under the Farms Act 1986.
Very few investment properties of this quality hit the market and Staffield was a very solid proposition for buyers looking to invest in farmland and property, according to Carter Jonas.
First arable farm
Carlungie Farm, Carnoustie, in Angus, entered the market in February for offers of over £ 4.9million and was sold by Galbraith to a neighboring farmer expanding his existing business, after generating considerable interest.
The plot consisted of a four bedroom house, five cottages and 287 acres of mostly second year arable land.
Ian Hope, a partner of Galbraith, said: “The combination of highly productive land, a desirable main farm, the income potential of the cottages and the location of the property, amidst stunning scenery in the agricultural area. most renowned in Scotland, has generated a tremendous amount of interest. “
Hall Farm, Langar, Nottinghamshire, was marketed by Fisher German with a guide price of 4.95m.
The operation included four biomass boilers, a 150,000-bird broiler unit and 285 acres of arable land in a fenced block.
The property sold well above the guide price, with strong interest from across the UK, due to its location and the diversity of income sources.
Scadghill Farm, Bude, Cornwall, was sold by DR Kivell in September near its guide price of £ 3.25million, to a farmer looking to expand his existing business.
The 221-acre mixed ranch and arable farm included a four-bedroom house, two additional properties, a campsite, and large modern buildings.
The farm has stood out for its location in a tourist hotspot overlooking the sea and in an area of outstanding natural beauty, and offering a lot of diversified income, said Dr Kivell.
Expensive plots of land
Bloomstile Lane, Salthouse, Norfolk had a guide price set by Brown & Co between £ 20,000 and £ 30,000 for the 1.75 acre piece of arable land, before auctioning in September for £ 107,500 after 80 bids .
A second seven-acre piece of land sold at an online auction for £ 138,000 after attracting 44 bids.
Andrew Fundell, Partner at Brown & Co, said: “This hardcore online auction method has been extremely successful and has shown that there is a real buyers appetite for small plots of land.