Farmland in great demand at collective property auction

Strong demand for small parcels of farmland was evident as prices of up to £16,371 per acre were achieved at a successful collective property auction in Shrewsbury on Friday.

The auction, conducted by Halls’ director Allen Gittins at the company’s new Battlefield headquarters, saw two parcels of pastureland at Bank Farm, Smethcott, Church Stretton, extending to 1.46 acres and 1.13 acres, sell for £18,500 each and 5.1 acres of land at Hall Barns, Noneley, Loppington make £36,000.

A larger block of 55.6 acres of arable land at Eaton Upon Tern, near Market Drayton sold for £390,000.

An exciting renovation project awaits the new owner of The Perrys, Marton, near Welshpool, a substantial family home with three acres of land, which sold for it guide price of £200,000.

Nestling in a secluded location on the side of Long Mountain, the property enjoys glorious views across the valley towards Rorrington Hill, Corndon and the Callow. Originally a pair of cottages with a reception room, kitchen and two bedrooms each, The Perrys had been opened up into a larger house.

Halls also negotiated a sale on Monday of 16, Market Street, Ellesmere, a refurbishment property comprising ground floor commercial premises with a one bedroom maisonette above. The property had a guide price of £40,000 to £60,000.

“The auction continued the trend of the last 18 months of people from all backgrounds wishing to buy a piece of land,” said Mr Gittins. “Land has proved to be a good investment over the years and could become more difficult to buy in the future.

“Small parcels of land are particularly popular with horse owners and those who own animals as a hobby. Selling property by auction is a quick and clean process, which is user-friendly to owners and purchasers alike.”

Referring to The Perrys, Marton, he said: “The house is in a fantastic location and has the potential to become a top class country property with gardens and land, which will always be in demand.