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S A L E S L I S T| Fa rms and E s t a t e s |

SUMMER 2014

F A R M

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2 S A V I L L S F A R M S A L E S L I S T

CONTENTS

Alex Lawson, Head of Savills Farm Agency, predicts a buoyant yearas the agricultural sector continues to outperform many other assets

elcome to the Farm Sales Listfor 2014, which provides anoverview of some of the farmsand estates that Savills is

currently marketing or sold. It comes afterthe wettest winter ever recorded, but this hasnot dampened farmland prices.Farmland has proved a safe and secure

investment over the long term, and in recentyears has outperformed many other assets.Following exceptional appreciation over thelast decade, prospects for further growth inUK farmland values remain positive but landquality and location are critical.The demand for UK farmland is diverse,

both in the types of buyers and theirmotives.This is a key factor differentiatingthe farmland market from alternativeinvestment markets.There is currently reasonable optimism in

the industry and the fundamental supply

and demand equation is driving capitalgrowth - land being the essential assetrequired for food production and with risingpopulations, food is currently high onpolitical agendas across the world. In theUK, history shows us that land values risesignificantly when there is pressure to feedthe population and in the past decade thesehave outstripped the top residential markets.The proof, of course, is in the numbers:

over the past 10 years, average values in theprime residential market in the UK haveincreased by 135%, but farmland hasrecorded 270% growth.We do not expectany significant change in the overall levels ofsupply of farmland, but increased pressureson farm incomes and cash flows due to thedifficult weather conditions over the wintermay lead to an increase in debt related sales.During the next five years we expect averagegrowth for all types of farmland to remain

positive but more conservative than thatrecorded over the past decade.With the beginnings of a revival in the

country residential market forecast for thisyear, prospects for the residential farm,which in recent years has generated lessinterest in all but the most popular lifestylelocations such as the Cotswolds, could beginto improve. Shrewd buyers will see now asthe time to take advantage of the futurepotential uplift in values.Savills is fortunate to be involved in a

large proportion of the UK’s farms andestates market.Our close involvement givesus hands-on experience of the market andthe most active buyers, which is backed upby the statistical analysis provided by ourresearch teams.If you would like to discuss any issues

raised by this year’s Farm Sales List, wewould be delighted to hear from you.

W

We l c om e

C O N T E N T S

Farm Sales List is published on behalf of Savills UK Ltd by Casella Publications Ltd. All information correct at time of going to press. All rights reserved.Articles may not be reproduced without written permission from the publisher. Opinions expressed are those of the author and not Savills or thepublisher. While every care is taken in compiling the content, neither the publisher nor Savills UK Ltd assume responsibility for effects arising from thispublication. Property Misdescriptions Act Savills recommends that applicants discuss their interest in a property with the negotiator who can answermore specific questions and advise if it is under offer. This is especially important if you are contemplating travelling some distance to view theproperty. All descriptions, dimensions, references to condition and necessay permissions for use and occupation, and other details are given withoutresponsibility, and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselvesby inspection or otherwise to the correctness of each of them. Investment advice The information and opinions contained in this magazine do notconstitute professional advice and should not be relied upon. Specific advice relating to your individual circumstances should be obtained.

P3 SCOT LAND Supply is expected to ease this year although values will remain high

P10 NORTH & M I D LANDS Supply is still low but private sales are booming

P18 EAS T A strong sellers' market with land values as high as ever across the region

P23 CEN TRA L Location and local interest is fundamental to successful sales

P29 SOU TH A buoyant market with interest from farmers and lifestyle buyers

P36 SOU TH WES T The market is strong with renewed interest from lifestyle buyers

P42 WALES Ongoing demand from both sides of the border promises a healthy, stable market

P47 I N T ERNAT I ONA L The international farmland market offers real opportunities

P50 D I R EC TORY Contact details for the Savills Farms and Estates team

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S A V I L L S F A R M S A L E S L I S T 3

e saw an increase in theamount of land beingpublicly offered for salecompared with 2013,” says

Charles Dudgeon of Savills Edinburgh. Inthe first quarter of 2014, the amountwas 31% greater than the same periodin 2013. It sounds a lot, but it was stillonly 3,187 acres, up from 2,435.”

There was a significant rise in Taysidewhere the 9,649 acres marketed in 2013represented a 61% increase on 2012’s5,993 acres. Supply also increasedsignificantly in the Borders (31%) and theHighlands (79%). But in the Central beltsupply fell by 74% and in Lothian by71%. Nevertheless, the 43,300 acres ofland marketed in 2013 as a whole was9% higher than in the previous year.

“The tight supply might be exasperatingfor us as agents,” says Charles, “but it’sgood news for sellers because onceagain it is helping to push values higher.”

W

ScotlandA STRONG SELLERS’ MARKET WITH RISING LAND VALUES ALTHOUGH

SUPPLY IS EXPECTED TO EASE SLIGHTLY THIS YEAR

CONTACT DETAILS

CharlesDudgeonSavills Edinburgh0131 247 [email protected]

Last year the average value of primearable land rose by 6.6% to almost£7,950 per acre. The average value ofGrade 3 secondary arable land rose byjust 0.2 % to £5,790 per acre, whiledairy land values rose by 6.7% to anaverage of £4,000 per acre.

Although Charles expects supply toease slightly this year, he points to acouple of issues that might cause sellersto wait before venturing into the market:the Scottish independence referendumand imminent CAP reforms.

“A vote for Scottish independencewould be unlikely to affect the marketmuch,” says Charles. “There are fourmain types of buyer: the Scots, who willcontinue as before; English farmers, whowill keep coming as long as Scotland’slower prices look good value; the overseasbuyer, who is buying abroad whetherScotland is independent or not; andreturning ex-pats, who will be unaffected.

Only those English buyers looking for aresidential estate might hesitate. Thedebate is of more concern to sellers,who might well wait to see what happens.

“Of more pressing concern are theCAP reforms, which take effect in 2015.England has already gone through theadjustment to a flat rate of subsidy.Scotland won’t start until next year; wedon’t know how it will work out. Someupland farmers who face big reductionsin their CAP payments might choose toleave the sector – when the reformscame into effect in England, there was asignificant rise in the amount of farmlandsold. Scottish farmers will have to decidewhether to adapt or sell up.

“If there are more farms for sale as aresult, what will this mean for the market?My instinct is that in five years time it willstill be rising steadily. As long as you areinvesting for the long term, you’ll besecure; anyone with shorter term plansmight want to be cautious.”

A vote forScottish

independence wouldbe unlikely to affectthe market muchCharles Dudgeon



SCOTLAND

KinaldySt. Andrews, Fife

This estate centres on a handsomeGeorgian house with impressive gardensand landscaped grounds.

Key features• Listed mansion house, 6 bedrooms• Integral 2 bedroom apartment• 188 acres productive arable land• 12 acres paddocks• For sale as a whole or in 2 lots

Offers over £2,800,000 /260 acres

Contact: Savills Edinburgh0131 247 3720

Splendid rural estate

Lundie EstateNewtyle, Angus

An exceptional residential, sportingand agricultural estate with a finemansion house.

Key features• Mansion house, 9 bedrooms• 9 estate houses and cottages• Driven pheasant shoot• 2,483 acres farmland and woodland• 2 privately owned lochs

Offer over £9,385,000 /2,634 acres


Outstanding sporting estate



SCOTLAND

Isle of Tanèra MorAchiltibuie, Ullapool

The main island of the Summer Isles, agroup of beautiful islands just 1.5 milesoff the north west coast of Scotland.

Key features• Principal house with stunning views• Portfolio of traditional cottages• Tourism business with expansion potential• Private post office• Varied coastline and 3 jetties

Offers over £1,950,000 /about 800 acres


Easily accessible private island

Exceptionalviews

Killean EstateMull of Kintyre, Scotland

Coastal estate overlooking the InnerHebrides with baronial style mansionand one mile of sandy beaches.

Key features• Listed mansion house, 10 bedrooms• Holiday cottage letting business• Extensive livestock enterprise• Renewables and forestry potential• Shooting, stalking and fishing

Offers over £5,500,000 /2,000 acres


Magnificent coastal estate

Extensivelivestockenterprise



SCOTLAND

Land at MuirfieldGullane, East Lothian

Parcel of prime arable ground in theheart of East Lothian.

Key features• 90 acres of arable• Mainly Class 2• Private reservoir and undergroundirrigation system

Offers over £800,000 /93 acres


High yielding arable ground

SkedsbushBy Gifford, East Lothian

Productive farm with a farmhouse inneed of renovation within commutingdistance from Edinburgh.

Key features• Farmhouse, 4 bedrooms• Two cottages• Modern and traditional buildings• 146 acres of arable• 17 acres of woodland/grazing



Compact arable farm



SCOTLAND

SouthsidePathhead, Midlothian

This substantial arable farm will shortlybe coming to the market as a whole orin up to 7 lots.

Key features• Listed farmhouse, 7 bedrooms• Extensive range of buildings• 790 acres arable• 171 acres pasture

Coming soon /1,018 acres


Substantial arable unit

StandalaneAberlady, East Lothian

Block of productive arable land offeredto the market as a whole or in 2 lots.

Key features• 142 acres of arable• 2.7 acres of woodland• Mainly Class 2• 30m-60m above sea level

Offer over £950,000 /145 acres


Productive arable land

As awhole orin 2 lots



SCOTLAND

Lakeland of AeParkgate, Dumfriesshire

Well maintained stock farm runningalong the banks of the Water of Ae.

Key features• Farmhouse, 4 bedrooms• Modern and traditional buildings• 72 acres of pasture• 25 acres of woodland and amenity

Coming soon /97 acres


Compact stock and amenity farm

StrathavonWestfield, West Lothian

Situated in an area known for itsproductve farmland and easy access toEdinburgh and Glasgow.

Key features• Period farmhouse, 5 bedrooms• Extensive farm buildings• 181.27 acres arable• 18.61 acres pasture• 8.08 acres grazing/woodland



Mixed stock and arable farm



SCOTLAND

Badeneden and ConnageNethy Bridge, Inverness-shire

Opportunity to develop a smallHighland estate in spectacular scenerywithin the Cairngorms National Park.

Key features• 2 bedroom cottage, two former farmhouses• Traditional steadings with developmentpotential• 100 acres pasture, 1,050 acres grazing• 220 acres woodland and sporting rights

Offers over £670,000 /1,364 acres


Small Highland estate

Stunningscenery

NavidaleHelmsdale, Sutherland

Extensive upland stock farmwith stalking and potential forwalked-up shooting.

Key features• Listed farmhouse, 6 bedrooms• Cottage, 3 bedrooms• Modern and traditional buildings• 240 acres of pasture• 845 acres of hill and woodland

Coming soon /1,085 acres


Coastal upland farm



A

North & MidlandsTHE AMOUNT OF LAND PUBLICLY OFFERED FOR SALE MIGHT STILL

BE LOW BUT THE PRIVATE SALES MARKET IS BOOMING

fter the severe fall in theamount of land coming tomarket in 2012, last yearsupply increased by 4% in

the North to 22,900 acres, and by 17%in the East Midlands, to 12,700 acres.Nevertheless, starting from such a lowbase, the amount of land publicly offeredfor sale was still historically low.

The trend so far this year has beenof further contraction: during the firstthree months of 2014 just 1,128 acreswere marketed in the East Midlands and3,263 acres in the North, representinga drop in supply of 67% and 21%respectively compared with last year.

However, these statistics do notreveal the whole picture as there isplenty of activity taking place off-market.“Private sales play a significant role,with conditions now favourable forsale-and-leaseback opportunities andhigh FBT rents being tendered,” saysAndrew Black of Savills York. “Ourexperience suggests that the privatemarket accounts for as much as 25%

of sales and it is still expanding. Withsuch limited supply, buyers can’tafford to sit back and wait for land tocome to market. Many are finding thatapproaching owners directly can lead todeals. Many of the biggest transactions,at £10,000 plus per acre, are happeningoff-market.”

It is not surprising then that valueshave risen once again, although withthe great variety of land in the region,they do depend on type and location asWill Parry of Savills Nottingham pointsout. “Our patch is very varied as far asproperty type is concerned. Last yearthe market was good for everything, butsome things were brilliant.

“Values vary from £4,000–£5,000per acre for Derbyshire grassland to£12,000 per acre for Nottinghamshiresand land and good Staffordshire potatoland. The average value of prime arableland in the East Midlands increased by13.8% and is now almost £8,900 peracre. Buyers will pay a premium for bigcommercial units with infrastructure in

place and the market has improvedfor smaller farms of about 150 acres –residential farms have turned the corner,particularly in north west Leicestershireand Derbyshire.”

Andrew Pearce of Savills Lincoln, hasnoticed a widening gap between thebest-quality land and the rest. “Thereis a noticeable two-tier market,” hesays. “With strong interest from localfarmers, a holding’s value can dependon whether the neighbours are keento expand. Most of the big shifts invalue have already occurred. We areanticipating growth of 6% over the nextfew months, but a lot could changethe scenario: interest rates, commodityprices and the harvest.”

In the North, Andrew Black has seenvalues rise by 7.5% to an average of£8,580 per acre for prime arable land,but, he says, “values and demand havebeen weaker for commercial grasslandand arable land in less sought-afterareas, particularly when land is beingpurchased out of farming profits”.

CONTACT DETAILS

AndrewBlackSavills York01904 617 [email protected]

AndrewPearceSavills Lincoln01522 508 [email protected]

Will Parry ,SavillsNottingham and Lincoln01159 348 [email protected]

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NORTH

Quenby HallHungarton, Leicestershire

An historic country estate withparkland, farmland and woodlandaccessed via a long private drive.

Key features• 11 bedrooms, 7 reception rooms• 7 additional houses/cottages and 4 flats• Courtyard, stable yard, farm buildings• Pasture, arable and woodland• Lakes and shoot

Guide £11,000,000 /1,013.5 acresContact: Savills Nottingham0115 934 8123Contact: Savills London020 7016 3780

Grade IJacobeanmanor

Holywell FarmClipsham, Rutland

An attractive, predominantly arablecommercial farm on the Lincolnshire/Rutland border.

Guide £6,250,000 /About 862.98 acresContact: Savills Lincoln01522 508 933Contact: Savills London020 7016 3780

Attractive commercial farm

With anestablished

shoot

SOLD

Key features• 6 bedroom farmhouse, mature gardens• Range of traditonal and modern farmbuildings, including modern grain storageand livestock buildings• Established shoot

Important historical estate



NORTH

Todridge FarmGreat Whittington,Northumberland

An attractive residential farm ina private setting.

Key features• Substantial family house, 4 farm cottages

• Extensive range of traditional farmbuildings

• Grassland and wild flower meadows andamenity woodland

Guide £2,750,000 /354 acres

Contact: Savills York01904 617 831

Superb residential farmSOLD

Land at Low FarmSyerston, Nottinghamshire

Productive arable land located on theedge of a village.

Key features• Grade 2 arable land• Subject to a short term FBT

Guide £650,000 /83.27 acres

Contact: Savills Nottingham0115 934 8123

UNDER OFFER

Productive arable land



NORTH

Land at HarewoodAvenueEast Keswick, West Yorkshire

Mixed farming, amenity and sportingopportunity.

Key features• Grade 3 arable land and grasslandwith amenity woodland

• Fishing rights on the River Wharfe

• As a whole or in lots (by negotiation)

Guide £1,250,000 /210 acres


Farming and sporting opportunity

Soughtafter

location

Grimblethorpe HallGrimblethorpe, Louth

Set in the beautiful Lincolnshire Wolds,this is an exceptional property with adelightful Grade II* Listed hall.

Key features• 4 bedroom Grade II* Listed house• Coach house, 5 holiday cottages• Range of modern and traditionalfarm buildings• Farmland, woodland and ponds

Guide £1,950,000 /63 acres

Contact: Savills Lincoln01522 508 933

Grade II*Listedhouse

An exceptional property



NORTH

High CurraghAmpleforth, North Yorkshire

A well balanced estate with a substantialfamily home and equestrian facilities.

Key features• 5 bedroom family home• Guest house/annexe• 14 stables, workshop, American barn• Garage block and swimming pool• Paddocks and woodland

Guide £1,950,000 /54 acres


Delightful residential estate

Withequestrianfacilities

Excellent investment opportunity

Land at BassinghamBassingham, Lincoln

Key features• Available as a whole or in 2 lots

• Grade 2 and 3 land• 400 acres let on AHA tenancy

• 87 acres freehold

Guide £3,100,000 / 487 acresContact: Savills Lincoln 01522 508 933

Agricultural investment opportunity

Sudbrook House FarmAncaster, Grantham

Key features• Versatile cropping land

• 3 residential properties, all let under AHA tenancyto a company tenant

• Excellent rental growth potential


UNDER OFFERUNDER OFFER



NORTH

Productive Grade 3 land

Priory FarmThorpe Tilney, Lincoln


Pickering Grange FarmEllistown, Leicestershire

A substantial Grade II Listed house sitsat the heart of this secluded ring-fencedresidential farm.

Key features• Grade II Listed 8 bedroom farmhouse• Extensive range of traditional and modernfarm buildings• Potential for a range of uses (subject tonecessary consents)

Guide £1,575,000 /126 acres


Ring-fenced residential farm

In asecludedposition

Well located, small commercial farm withspacious accommodation

Kelber Hill FarmGargrave, North Yorkshire

Key features• Recently constructed 7 bedroom farmhouse

• 3 bedroom farm cottage• Extensive range of farm buildings

• Productive grassland

Guide £1,900,000 / 111.3 acresContact: Savills York 01904 617 831

SOLD

Key features• Grade 3 land single block and location

• Sold with vacant possession• Blackwood and Beccles 1 soils

• Suitable for a wide range of cropping options

UNDER OFFER



NORTH

Brookhill Hall FarmPinxton, Nottinghamshire

An extensive range of buildings andsurrounding land close to major roadssuch as the M1 and A38.

Key features• 136 acre farm with dairy and livestockrearing buildings for up to 200 cows• 4 bedroom farmhouse• Modernised slurry and effluent storage• Available as a whole or in 4 lots

Guide £1,200,000 /136 acres


Compact dairy unit

Withlicensedborehole

SOLD

Excellent opportunity

BlaxtonDoncaster, South Yorkshire

Key features• 281.42 acres of ex quarry, woodland• 207.11 acres of arable and pasture land

• 25.09 acres of water, excellent amenity opportunity• Available as a whole or in 4 lots


Versatile block of Grade 3 land

Lea MarshGainsborough, Lincolnshire

Key features• 399 acres pasture

• 60 acres arable • 25 acres woodland• Good access

• Adjacent to the River Trent


SOLDUNDER OFFER



NORTH

Greengill andMaidenhill FarmsPenrith, Cumbria

A prime residential and mixed farmingestate with views towards the Lake District.

Key features• 2 farmhouses, 5 estate cottages• Range of modern farm buildings• Productive arable and grassland• For and on behalf of Joseph McLean andRichard Kicken, LPA Receivers

Price on application /580 acres


Beautifully situated farming estate

Mixedfarmingestate

Woodland and pasture land with variousincome streams

Tempe FarmSwepstone, Leicestershire

Key features• Mixture of native broadleaf species planted

under National Forest Tender Scheme• Higher Level Stewardship Scheme

• Farm buildings with potential for conversion• Habitat for wealth of wildlife

Guide £750,000 / 145.65 acresContact: Savills Nottingham 0115 934 8123

Mixed farm with potential

Mill FarmBesthorpe, Nottinghamshire

Key features• 3 bedroom house •Outbuildings• Modern and traditional farm

buildings • Development potential

Guide £455,000 / 70 acresContact: Savills Lincoln 01522 508 933

SOLD



T

EastIT IS DEFINITELY A SELLERS’ MARKET WITH VALUES AS HIGH ASEVER – FROM £8,500 TO £15,000 PER ACRE ACROSS THE REGION

between £10,000 and £12,000 per acre.It’s definitely a sellers’ market.”

Adrian Wilson of Savills Cambridgenotes an increasing polarity in themarket. “The gap between quality andless good land is now very marked,” hesays. “With so little land offered for sale,stiff competition is chasing quality.

“A 500-acre farm in Essex achievedover £14,000 per acre thanks tocompetition from local farmers. And a360-acre block in the Fens attracted18 bidders and sold for nearly twice itsguide price. The buyer was a farmerwho had wanted to expand for a longtime and this was his first opportunityin five years.

“Conversely, less well placed landwith fewer well-heeled neighbours wasfetching around £8,500 per acre lastyear. Our expectations are that themarket won’t stop rising, but that wecould see a psychological barrier atthe £10,000 per acre mark that mightgive buyers pause for thought.

“With other markets strengthening,the supreme appeal of land could bechallenged.” Christopher agrees thata check on the market must come at

some point. “CAP reform is providingfood for thought,” he points out. “We arelikely to see an increase in red tape forcommercial farms. Furthermore, recentfigures from the National Audit Officesuggesting that the cost of exemptingagricultural land from IHT has more thandoubled in the last five years could putIHT reform on the agenda. If I weregoing to sell, I would do so this year topre-empt the uncertainties and takeadvantage of the high values.

“Nevertheless, confidence in thesector is still high, although in someareas the market has probably reachedits peak,” concludes Christopher.

CONTACT DETAILS

ChristopherMilesSavills Norwich01603 229 [email protected]

AdrianWilsonSavills Cambridge01223 347 [email protected]

he market in the Easterncounties last year wasdefined by a chronicshortage of land; supply

contracted by 32% compared with2012, to just 11,000 acres. Only Essexsaw increased supply, by 54%.

“Despite the increasing amount ofland changing hands privately, supply isstill way down,” says Christopher Milesof Savills Norwich. “In the first threemonths of this year, supply was 272%up on the same period in 2013.

“Significant though that sounds,only five farms were sold, totalling2,702 acres in the whole of the Eastof England. In such a small market, thestatistics are hugely distorted by thesale of a single farm.

“Farmers are very confident and are

continuing to invest, and we are alsoseeing plenty of outside money frominvestors and institutions. Reflectingconfidence in the economy, there is alsoa resurgence in lifestyle buyers.

“Values are higher than ever – from£8,500 to £15,000 per acre, with ourresearch showing that the average valueof prime arable land rose by 19.4% in2013 to just over £9,600 per acre. Forgood land you should expect to pay

The gapbetween

quality and lessgood land is nowvery markedAdrianWilson

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EAST

Coryton EstateCorringham, Essex

An attractive agricultural estate ideallysituated in the Thames Corridor.

Key features• Grade II Listed 5 bedroom farmhouse• Extensive range of farm buildings• Conservation interest• 80 acres arable land, 530 acres grassland

Guide £4,000,000 /835.52 acres

Contact: Savills Chelmsford01245 293 222

Walcot Green FarmDiss, South Norfolk

An unrivalled opportunity to enjoy aresidential farm in the most attractiveand secluded of settings.

Key features• 5 bedroom farmhouse• 3 bedroom cottage• Old granary with potential for2 dwellings• Mix of arable and pasture

Guide £3,000,000 /230 acres

Contact: Savills Ipswich01473 234 822

Secludedsetting

Agricultural estate in theThames Corridor

Idyllic residential farm

SOLD



EAST

White House FarmHarleston, South Norfolk

An attractive and varied residential farmin the village of Needham in the heartof the Waveney Valley.

Key features• 5 bedroom farmhouse• 3 bedroom cottage• 16,000 hen free range egg unit• Good quality arable land• Marshland fronting the River Waveney

Guide £2,000,000 /125 acres


Highlyproductive

Saxham Hall EstateBury St Edmunds, Suffolk

An important Listed housein a mature rural setting.

Key features• Grade II Listed Georgian house• 6 cottages• Well kept paddocks• Woodland• Arable land

Excess £8,000,000 /342 acresContact: Savills Ipswich01473 234 822Contact: Savills London020 7016 3780

Georgian house in estate setting

Charming residential farmUNDER OFFER



EAST

Arable land and amenity woodland

Knarr FarmThorney, Peterborough

Key features• Highly productive Grade 2 arable land • Normoor

and Downholland 1 soils • Range of modernfarm buildings • 800 tonne drive on grain store

• Attractive amenity woodland


Agricutural investment opportunity

Land at StiltonPeterborough, Cambridgeshire

Key features• Bare arable land

• Mixture of Grade 1 and 3

• Let on Agricultural Holdings Act tenancy

• For sale as a whole

£750,000 / 106 acresContact: Savills Cambridge 01223 347 231

UNDER OFFERUNDER OFFER

Swynford PaddocksSix Mile Bottom, Newmarket,Suffolk

Charming stud in sought after location.

Key features• 3 bedroom stud house• 2 cottages• 32 boxes with foaling unit• Sheltered post and rail paddocks

Guide £1,750,000 /45 acres

Contact: Savills Cambridge01223 347 231

Ideally located stud



EAST

Lime Tree FarmIpswich, Suffolk

Highy productive arable land that issuitable for root crops.

Key features• Blaxhall Suffolk storage for 900,000m3

Guide £3,000,000 /300 acres


Highlyproductive

CoblandsBury St Edmunds, Suffolk

Coblands Ipswich Barn for potentailresidential use.

Key features• Barn for potential residential use• Grade 2 listed• Arable land

Guide £3,000,000 /157 acres


Georgian house in estate setting

Suitable for root crops

Lime Tree FarmWoodbridge, Suffolk

Productive arable land with irrigation.

Key features• Compact holding with large fields• Irrigation licence extending to90,000m³• Well positioned near coast but with easyaccess to A12

Guide £3,000,000 /300 acres


Highlyproductive

Coblands FarmBury St Edmunds, Suffolk

Secluded residential farm withopportunities to add value.

Key features• 5 bedroom converted barn• Barn with consent for residential use• Grade 2 arable land

Guide £3,000,000 /157 acres


Secluded residential farm

Suitable for root crops



CentralLIMITED SUPPLY AND RISING VALUES CONTINUE TO CHARACTERISE

THIS MARKET, BUT LOCATION AND LOCAL INTEREST IS KEY

major characteristic oflast year’s market inHerefordshire, Worcester-shire, Oxfordshire,

Northamptonshire and Gloucestershirewas the marked variation in values withinsmall geographical areas.

“I have noticed variances creeping in,”says Richard Binning of Savills Oxford.“Big blocks of land are generallyreaching the national average of £9,000per acre, while smaller farms depend onwho’s within striking distance, and areachieving between £7,500 and £12,500per acre.” Douglas Mackellar of SavillsCheltenham agrees. “Location is key,” hesays. “Assessing the level of localdemand is fundamental to a successfulsale as values change quickly dependingon the interest from neighbouring farmers.For example,100 acres or so of bareland in two lots at Birtsmoreton inWorcestershire fetched between £6,000and £8,000 per acre. The lot thatachieved £8,000 was adjacent to afarmer who was keen to expand.”

Philip Hoare of Savills Banbury cites asimilar example: “Within 40 miles ofBanbury, we sold two different blocks ofabout 50 acres of land with pricesvarying between £6,500 and £12,000per acre. Key buyers are existinglandowners with profits from the sale ofnon-farming assets to invest.”

Amenity buyers who have done wellfrom the London residential market arealso playing their part, according toRichard Binning: “As the gap betweenthe London residential and rural marketswidens, farmland becomes increasinglygood value. Smaller farms in particularstand to benefit.”

Douglas reports that last year’srestricted supply was commensurate

A

CONTACT DETAILS

Richard BinningSavills Oxford01865 269 [email protected]

PhilipHoareSavills Banbury01295 228 [email protected]

DouglasMackellarSavills Cheltenham01242 548 [email protected]

with previous years but remains wellbelow historic levels. “This year looks tobe even tighter,” he says, “so values areset to remain high. In Herefordshire,large blocks of prime arable land areeasily achieving £12,000 per acre. Thedemand for quality commercial holdingsis strong, and buyers will travel to get it.”

Philip balances current limited supplywith the prospect of interest rate rises.“With values at an all-time high, peopleare cautious about selling because ofthe prospect of achieving even highervalues in the future. Plus the tax benefitsof retaining land as a capital assetpost-retirement mean that rather thanselling up, retiring farmers are contractingout their farms, further restricting supply.

“Now is a sellers’ market, but thatcould change with the likelihood ofrising interest rates over the next12-18 months. In 2013 we saw morereceivership sales than we have before,as banks become more cautious andreview their clients’ ability to supporttheir loans. I expect to see more landbeing marketed as debt pressure grows.

If this were to lead to a big increase insupply of land, it could affect values,”says Philip.

Looking forward, the expectation is forcontinued growth. “All the fundamentalsremain in place for a buoyant market,”says Richard, “although after five yearsof big increases I anticipate a period ofmore modest growth in values.”

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CENTRAL

Little RollrightChipping Norton, Oxfordshire

Grade II Listed manor house with6 additional houses and cottages set inover 500 acres.

Key features• Grade II Listed manor house and rectory• 5 cottages, traditional barns, modernfarm buildings• Productive pasture and arable land withfurther parkland, woodland and a lake

Guide £18,000,000 /509 acresContact: Savills London020 7016 3780Contact: Savills Banbury01295 228 050

Magnificent manor house

Letton CourtHereford, Herefordshire

A diverse sporting and farming estatewith a handsome red brick house.

Key features• Georgian style 8 bedroom house• 3 further properties available• Arable and pasture land• Shooting and fishing

Guide £10,050,000 /855 acresContact: Savills London020 7016 3780Contact: Savills Cheltenham01242 548 011

Sporting and farming estate

Fishing/shootingrights

IdyllicCotswoldvillage



CENTRAL

Whalley and PuckhamFarmsWhittington, Gloucestershire

Positioned in a wonderful Cotswoldslocation on the edge of a village.

Key features• Grade II Listed 6 bedroom farmhouse• Tennis court and gardens• 4 bedroom farmhouse• 2 cottages and a range of farm buildings• Arable and pasture farmland

Guide £7,250,000 /495 acresContact: Savills London020 7016 3780Contact: Savills Cheltenham01242 548 011

A prime compact Cotswold estate

Withplanningconsent

Kingston Common FarmKingston Lisle, Oxfordshire

Beautiful Grade II Listed farmhousein a spectacular downland setting withexcellent equestrian facilities.

Key features• Grade II Listed 6 bedroom Georgianfarmhouse• 3 bedroom cottage and farm buildings• 26 loose boxes, 30m x 50m outdoorarena, 6 furlong safetrack gallop

Guide £3,750,000 /88 acres

Contact: Savills Oxford01865 269 179

Excellent equestrian facilities

Grade IIListedhouse


CENTRAL


The Llanforda EstateOswestry, Shropshire

The Llanforda Estate offers a rareopportunity to purchase a completesporting and investment estate.

Key features• Parkland with former mansion house site• 3 bedroom keeper’s cottage• 4 farms comprising dairy, arable, stock• In-hand woodland• Sporting rights over about 3,500 acres

Excess £7,000,000 /1,405 acresContact: Savills London020 7016 3780Contact: Savills Telford01952 239 500

The Peplow EstateMarket Drayton, Shropshire

Beautiful Grade II* Listed Georgianhouse with 8 bedrooms and 681 acres.

Key features• Formal gardens, pool and tennis court• 7 acre lake and parkland• 10 further houses and cottages• High quality organic farm• Available as a whole or in lots

Guide £12,500,000 /681 acresContact: Savills London020 7016 3780Contact: Savills Telford01952 239 500

Grade II* Listed Georgian house

Traditional investment estate

Extensivesporting

opportunity

Organicfarmingestate



CENTRAL

Rainbow FarmBarton-on-the-Heath,Oxfordshire

Situated in the North Cotswolds in atranquil edge of village setting

Key features• Large 5 bedroom house• Range of outbuildings including a partybarn and annexe, garaging and stores• Landscaped gardens, pasture, woodlandand a pond

Guide £3,250,000 /47 acres

Contact: Savills Banbury01295 228 050

A truly spectacular view

Moderncountryliving

The Cattespool EstateNr Bromsgrove, Worcestershire

A conveniently located country estatewith an excellent range of residential,business, farming and sporting assets.

Key features• Principal house with guest accommodation• Gardens, tennis court and fishing lake• 4 additional dwellings and farm buildings• Productive arable land, pasture,woodland, game cover and an exciting shoot

Guide £8,400,000 /562 acresContact: Savills London020 7016 3780Contact: Savills Banbury01295 228 050

Well located country estateSOLD


CENTRAL


Recently planted mixedbroadleaf woodland

Plantation at Hook NortonChipping Norton, Oxfordshire

Key features• Mixed broadleaf woodland

• Amenity and recreational potential• Road frontage

Guide £370,000 / 47 acresContact: Savills Oxford 01865 269 179

Investment farm with common rights

Oatcroft FarmTitley, Hereford

Key features• Tenanted mixed farm

• Let on Agricultural Holding Act 1986 tenancy• Range of modern and traditional farm buildings

• Arable and pastureGuide £1,250,000 / 443 acresContact: Savills Banbury 01295 228 050

Land at Priors MarstonDaventry, Warwickshire

Ring-fenced bare arable land withroad frontage.

Key features• Arable• Woodland• Road frontage• Sporting potential• Derelict farm building

Price on application /151 acres

Ring-fenced arable land

Contact: Savills Banbury01295 228 050



S

SouthTHE MARKET IS BUOYANT WITH STRONG INTEREST FROM

BOTH LIFESTYLE BUYERS AND LOCAL FARMERS

avills research shows agreater amount of landpublicly offered for sale inthe South last year, with

some counties showing significantincreases – in Hampshire supply roseby 120% compared with 2012, andin Kent by 116%. However, noteverywhere followed this upward trend:supply decreased by 61% in EastSussex, 42% in Surrey and 27% inWest Sussex. No wonder things feltsluggish to Chris Spofforth of SavillsHaywards Heath.

“Last year was difficult,” he says. “Therural market didn’t take off because of alack of buyers, especially lifestyle buyers.On the purely agricultural side of thingsthere was a distinct lack of stock.”

George Syrett of Savills Winchesteragrees: “Hampshire was quieter thanusual in 2013, but one large sale ofnearly 1,000 acres on the Isle of Wightwas of particular interest. It was a realtest because we hadn’t sold any land

there since the credit crunch in 2008. Itachieved £7,000 per acre – about 30%less than we’d expect on the mainland,but in line with our expectations.”

This year, however, things are lookingup, with noticeably more land coming tothe market in the first three months of2014 than during the same period lastyear: 4,024 acres compared with 2,414.

Contact DetailsDavidCrossSavills Salisbury01722 426 [email protected]

Chris SpofforthSavills Haywards Heath01444 446 [email protected]

George SyrettSavills Winchester01962 834 [email protected]

A nicelybalanced and

healthy marketDavid Cross

“We have more stock coming on, bothlifestyle and commercial properties, ina nicely balanced and healthy market,”says David Cross of Savills Salisbury.“The signs are for strong spring andsummer activity, although later on I thinksellers and buyers will sit on the fenceuntil after the general election next year.”

So what does all this mean forvalues? There are signs that the marketis topping out, according to George.“Values crept up last year and willprobably do so again this year, but themarket is quite price sensitive.

“Values at the top end are stagnatingat around £10,000 per acre, althoughthe average for prime arable is £8,200per acre – only serious competitionbetween neighbouring farmers will pushthe price of prime arable higher.

“We are seeing increasing ‘divorcevalue’ – whereby selling land separatelyfrom its house can increase its value.”

This year there is strong demandfor amenity farms, as London buyersseek to take advantage of the greatgap between town and country prices.“Country properties have never lookedbetter value,” Chris says. “With the

residential market in London hot spotslike Wandsworth and Clapham shootingup while values have only inched up inthe country, the gap between townand country has never been so wide.Now, with thoughts that town pricesare topping out, people who havestayed put to make the most ofresidential values are making theirmove to the country. As a result,amenity farms are selling well.”

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SOUTH


Court FarmConeyhurst, West Sussex

A beautifully situated farming estatewith great sporting and amenity appeal.

Key features• An attractive principal farmhouse• Ancillary accommodation• Farm buildings and 4 additional cottages• Available as a whole or up to 14 lots

Guide £7,500,000 /532 acresContact: Savills Haywards Heath01444 446 066Contact: Savills London020 7016 3780

Prestigious farming estate

Greatsportingappeal

Tilden FarmHawkhurst, Kent

A well positioned farm, featuringa Grade II Listed farmhouse, withoutstanding views over its own land.

Key features• Beautiful 6 bedroom farmhouse• 3 bedroom cottage• Granary with consent to convert• Conservation and sporting amenity acrossundulating farmland

Guide £4,500,000 /188 acres

Contact: Savills Haywards Heath01444 446 066

Outstanding countryside views

GradeII Listedhouse



SOUTH

Manor Farm DairyShepton Mallet, Somerset

Commercial dairy farm withextensive buildings.

Key features• 64 point DeLaval rotary milking parlour• Extensive range of modern farm buildings• Productive grassland and arable land

Excess £4,000,000 /223 acres

Contact: Savills Sailsbury01722 426 813

Commercial dairy farm

Bowerswaine FarmGussage All Saints, Dorset

A delightful Grade II Listed house setin a tranquil location on the CranborneChase with river frontage and fishing.

Key features• Grade II Listed house, 6 bedrooms• 2 bedroom annexe• Cricket pitch with pavilion, swimmingpool, tennis court• Gardens, water meadows, farmland

Guide £3,500,000 /54 acres


Delightful Grade II Listed house

Set in atranquillocation


SOUTH


Marshes FarmSemley, Wiltshire

A delightful house with superboutbuildings and a good holding ofland on the Wiltshire/Dorset border.

Guide £2,650,000 /84 acres


Lovelyrural

position

Moorsholm FarmBrede, East Sussex

An exceptionally pretty residential andequestrian farm in a secluded locationwith stunning views.

Key features• Charming Grade II Listed farmhouse• Excellent ancillary accommodation• An extensive range of modern andtraditional farm buildings

Guide £2,400,000 /113 acres

Contact: Savills Haywards Heath

01444 446 066

Pretty equestrian farm

Key features• 6 bedroom country house• Studio flat, party room and gym• Loose boxes, tack room, triple garage,barn and further stores• Orchard, pasture, ponds and woodland

Immaculate country house



SOUTH

Muston FarmPiddlehinton,Dorset

A four bedroom farmhouse surroundedby ring-fenced farmland with the RiverPiddle running through.

Key features• Four bedroom farmhouse, 2 cottages• Agriculturally tied mobile home• Row of dilapidated farm cottages• Courtyard of farm buildings• Ring-fenced farmland and water meadows

Guide £2,200,000 /223 acres


One of Dorset’s lost charms

Scotsford FarmMayfield Surrounds, East Sussex

A lovely Wealden farmstead withimpressive views over the countryside.

Key features• A pretty Grade II Listed farmhouse• Peaceful and secluded location• Beautiful views• Range of modern farm buildings

Guide £1,750,000 /51 acres

Contact: Savills Haywards Heath01444 446 066

A lovely Wealden farmstead

GradeII Listedhouse

SOLD



SOUTH

Belmont FarmLeigh Common, Somerset

Smallholding with enormous potentialand direct access on to a bridleway.

Key features• 3 bedroom bungalow subject to an AOC• Range of livestock buildings and stabling• Mature and recently planted woodland• Ring-fenced pasture land with a stream

Guide £650,000 /34 acres


Smallholding with potential

Ring-fencedpasture

Land at SevingtonChippenham, Wiltshire

Productive block of farmland adjacentto the M4 motorway.

Guide £1,500,000 /165 acres

Contact: Savills Bath01225 474 500

Productive block of farmland

Anexciting

opportunity

Key features• Grade 3 level farmland divided intomanageable enclosures• Mix of organic and conventional status• Potential for solar photovoltaic schemesubject to obtaining planning permission

SOLD



SOUTH

Monkton CombeBath, Somerset

Grassland farm on the outskirts of Bathwith views towards the Midford valley.

Key features• South facing permanent pasture• 3 bedroom cottage• Range of farm buildings and farmyard• Available as a whole or in 5 lots


Contact: Savills Bath01225 474 500

Well located grassland farm

Dhillon FarmPewsey, Wiltshire

Grade 1 irrigated land with modernfarm buildings in the Pewsey Vale withriver frontage along the River Avon.

Key features• Grade 1 level farmland• Modern farm building• Water abstraction licence for 26.37megalitres per year• River frontage along the River Avon

Guide £1,375,000 /94 acres


Grade 1 irrigated landSOLD



ast year Penny Dart ofSavills Exeter predicteda steady market, with nomarked increase in supply

and healthy values being achieved.She was right: indeed, the supply ofland coming on to the market in theSouth West last year decreased by8%, and this helped to push up theaverage value of prime arable land by10%, to £8,200 per acre. These figuresdiffer from national statistics: the UKas a whole saw supply increase by7% and average values rise by 12.3%,to almost £8,750 per acre.

“With keen demand from farmers andinvestors and signs of revived interestfrom London lifestyle buyers, 2013 sawa strong market in the South West,”says Penny.

“The hot spots are Exmoor andthe coast for lifestyle buyers and theVale of Taunton and anywhere withineasy reach of Exeter for commercialinvestors. Typical of the farms generatingcommercial interest is Cofford Farm,

L

South WestTHE MARKET IS STRONG WITH KEEN DEMAND, RISING VALUESAND SIGNS OF RENEWED INTEREST FROM LIFESTYLE BUYERS

CONTACT DETAILS

PennyDartSavills Exeter01392 455 [email protected]

Local marketscan heat

up significantlywith competitionfrom neighbours”Penny Dart

comprising 408 acres of top-qualityarable land with a recently built1,600-tonne grain store at Starcrossnear Exeter. Accessible and versatile, theland is capable of a range of combinableand vegetable cropping and is availableas a whole or in five lots at a guide priceof £4.2 million for the whole.

“Local markets can heat upsignificantly if there is competition fromneighbouring farmers. With 16,500 acrespublicly marketed in 2013, comparedwith 17,900 the year before, buyers hadto take their chance when they saw it.”

This fall in supply was not universalacross the region: the amount of landmarketed in Dorset increased by 62%and in Gloucestershire by a huge 99%.In the first quarter of 2014, 2,504 acresof land were advertised in the SouthWest — an increase of 4% comparedto the same period last year. Still, supplyremains low, which of course is goodnews for values.

“Thanks to our 45% share of theregion’s farmland market, Savills hasthe ability to maximise a property’sexposure,” Penny says. “That hasenabled us to achieve some excellentresults for our clients, with intensecompetition pushing values as highas £14,000 per acre.

“We are seeing the disparity betweenthe best quality arable and poorerpasture continuing to grow. The value ofGrade 3 arable land rose by 7.4% lastyear to an average of £6,570 per acre,while the average value of poor livestockland rose by 5.1% to £4,830 per acre.

“Only time will tell if increasedpressures on farm incomes and cashflows, particularly in the livestock sector,will lead to an increase in distress sales.Certainly, interest and viewings havebeen high across the West Country inthe first quarter of this year; 2014 looksset to be busy and productive. And withthe winter now behind us, it is clearlytime for those considering selling theirland to make hay while the sun shines.”

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SOUTH WEST

Chiltons EstateDulverton, Somerset

Beautiful and classical principalhouse with outstanding views acrossits own land.

Key features• Substantial house with 7 bedrooms• 3 bedroom cottage and farm buidings• Productive rolling pasture and woodland• A family shoot and salmon fishing on theRivers Barle and Taw

Excess £5,000,000 /457 acresContact: Savills Exeter01392 455 747Contact: Savills London020 7016 3780

A diverse and versatile estate

Withspectacular

views

Trethella,Ruan High Lanes, Truro

An immaculate farm with highresidential and amenity appeal locatedon the favoured Roseland Peninsula.

Key features• Grade II Listed farmhouse, 5 bedrooms• Ancillary and guest accommodation• Mature gardens, tennis court, family shoot• Productive arable and pasture land• Woodland, ponds and Fal estuary frontage

Guide £3,175,000 /178 acres

Contact: Savills Exeter01392 455 747

On the Roseland Peninsula

Unspoiltlocation



SOUTH WEST

Penhallow FarmRoseland Peninsula, Cornwall

First class commercial farm in anoutstanding coastal location.

Key features• Elegant 5 bedroom farmhouse, adjoining3 bedroom annexe and 3 bedroom cottage• Traditional farm buildings with planningconsent to convert• Arable land interspersed with woodland

Guide £5,500,000 /568.6 acresContact: Savills Exeter01392 455 747Contact: Savills London020 7016 3780

Outstanding coastal location

Land and buildings atCofford FarmStarcross, Devon

Grade 1 and 2 arable land and modernfarm buildings.

Key features• Superb run of top quality arable land• Newly constructed grainstore and generalpurpose building• Excellent access, estuary and coastal views• Potential to create new farmstead

Guide £4,200,000 /408.32 acres


Arable land and farm buildings



SOUTH WEST

Bonehayne FarmColyton, Devon

Immaculate residential, dairy or stockfarm enjoying a beautiful situationsurrounded by its own land.

Key features• 3 bedroom farmhouse, 2 bedroom holidaycottage and 3 bedroom cottage• Gardens and traditional buildings around acourtyard, modern farm buildings• Productive arable, pasture and woodland

Guide £2,675,000 /206.97 acres


Beautifully presented farm

Enviableruralsetting

Greylands FarmHolsworthy Beacon, Devon

Productive grassland farm withsignificant additional income from a80kw Endurance Wind Turbine.

Key features• 4 bedroom period farmhouse• 2 furnished 2 bedroom holiday cottages• 1 bedroom holiday cottage• Good range of modern farm buildings• Productive pasture land

Guide £2,200,000 /170.17 acres


Withholidaycottages

Productive grassland farm



SOUTH WEST

Farmhouse and courtyard of farmbuildings for conversion

Kerswell BartonBroadclyst, Exeter

Key features• Victorian farmhouse

• Courtyard of farm buildings for conversion• Planning permission for 13 dwellings

(all open market)• Available as a whole or 3 lots

Guide £2,100,000 / 89.19 acresContact: Savills Exeter 01392 455 747

Set in tranquil rural location within easy reachof Dartmoor National Park

Stadson FarmBrandis Corner, Devon

Key features• 3 bedroom farmhouse renovated to a high standard• Adjoining 3 bedroom annexe • Farm buildings with

great potential for alternative uses • Range of modern farmbuildings • Productive pasture land and woodland

with stream frontage

Guide £1,250,000 / 119 acresContact: Savills Exeter 01392 455 747

Land/buildings atWestcottWitheridge, Devon

A rare opportunity to purchase acommercial acreage of bare land.

Key features• Productive arable and pasture land• Road frontage and 20 acres of woodland• Exceptional modern farm buildings• Excellent potential for a dairy farm• Borehole water supply

Guide £1,555,000 /186.32 acres


Rare opportunity in Mid Devon



SOUTH WEST

Perfect South Hams smallholding

Cuckoo FarmModbury, Devon

Key features• Recently built 3 bedroom farmhouse, additional log cabin

providing ancillary accommodation• Successful glamping business • Pasture and woodland

Guide £875,000 / 42 acresContact: Savills Exeter 01392 455 747

Productive pasture land overlookingSlapton Ley and Start Bay

Land at SlaptonKingsbridge, Devon

Key features• Productive pasture and arable land• Part modern farm building• Borehole water supply

• Sea views

Guide £300,000 / 42.48 acresContact: Savills Exeter 01392 455 747

Downhayne FarmEast Village, Devon

Delightfully situated model farmwith outstanding views in a stunningrural position.

Key features• Grade II Listed farmhouse, 2 large barns• Modern range of farm buildings• Productive level and south facing pastureand arable land• Attractive woodland and ponds

Guide £1,500,000 /93.48 acres


Well located model farm



WalesONGOING DEMAND FROM BOTH FARMERS AND LIFESTYLE BUYERS

PROMISES A STABLE, HEALTHY MARKET FOR THE FORESEEABLE FUTURE

he farmland market inWales, alone among theregions of the UK, showedno overall growth in values

in 2013: the average value of primearable farmland remained unchangedthroughout the year at £7,000 per acre.“But even if values in Wales remainstatic, they are still very healthy,” saysDaniel Rees of Savills Cardiff.

“There were areas of increased values:the value of Grade 3 arable land grew by3.3% to an average of £5,683 per acreand prime dairy land saw a 2.2%increase that pushed average values upto £6,135 per acre. On rare occasions,small, well located parcels have fetchedup to £10,000 per acre. The hot spotsare West Wales for second homes anddairy farms; the Vale of Glamorgan andMonmouthshire for arable farms; andmid to North Wales for sheep farms.

CONTACT DETAILS

Daniel ReesSavills Cardiff029 2036 [email protected]

Reasonablesupply and

steady values isattractive to farmerslooking to expandtheir operationsDaniel Rees

T“Static values are partly attributable to

the significant increase in the amount ofland being publicly marketed in Wales,”says Daniel. “At 9,300 acres, it was 37%higher than in 2012. Also playing its partwas an awareness by farmers of theirfinancial limits. Although confidence inthe sector remains high, we are seeingan air of caution, making higher pricesunsustainable in the long run.

“Last year was our best since westarted the rural agency department inCardiff in 2010 – we had a good mixtureof scale and type to offer, ranging fromThe Mead Farm, a classic 180-acredairy farm in Monmouthshire that soldwell at a guide of £1.9 million, to the2,524-acre Plas Nantyr Estate inDenbighshire, which attracted hugeinterest at a guide price of £5.75 million.

“Ongoing demand promises tosupport a stable, healthy market for the

foreseeable future. Demand increasedlast year, notably from local farmers andlifestyle buyers from London, the SouthEast and the South West who havebeen pushed out by rising prices orfrustrated by lack of choice. Thissustained interest from English buyers isencouraging – The Mead Farm, forexample, was bought by a buyer fromSomerset, showing that Wales’combination of reasonable supply andsteady values is attractive to farmerslooking to expand their operations.” Andwith Savills UK research showing 13%more applicants with budgets of £5–£10million than in the previous three years,Wales is well placed to benefit.

“I am heartened by the continuedsteady supply,” Daniel says. “At themoment it is enough to satisfy existingdemand and spark more interest, and itbodes well for a solid, reliable market forthe foreseeable future.”

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WALES

Old Gwernyfed EstateNear Brecon, Powys

This estate set in productive farmlandand woodland is one of Brecon’s bestset pieces.

Key features• Grade I Listed 6 bedroom manor house• 5 bedroom housekeeper’s cottage and2 bedroom cottage• Productive farmland and 211 acres ofcommercially managed woodland

Guide £3,500,000 /383 acres

Contact: Savills Cardiff029 2036 8915

Exceptional private estate

StunningListedmanor

The Mead FarmNewport, Monmouthshire

This dairy farm is ideally located –peaceful yet convenient for the M4.

Key features• Handsome 4/6 bedroom farmhouse• A detached 2 bedroom barnconversion• Good range of outbuildings

Guide £1,900,000 /180 acres


Easyaccessto M4

SOLD

SOLD

Delightful dairy farm


WALES


BwlchbychanLampeter, Carmarthenshire

A magnificent country house withadditional accommodation set in about120 acres.

Key features• 7 reception rooms, 8 bedrooms,4 bathrooms (2 en suite)• 1 bedroom gate lodge, a coach houseand stables• For sale as a whole or in 2 lots

Guide £1,335,000 /120 acresLot 1 £750,000 & 3 acres


Hidden gem in the Teifi Valley

Henllys FarmLlandovery, Carmarthenshire

This is an impressive small farm with anumber of Grade II* Listed buildingsand the potential to convert others.

Key features• Grade II* Listed farmhouse withadjoining Listed barn used for B&B• Further outbuildings ripe for conversion• Modern outbuildings and a stocked lake• For sale as a whole or in 4 lots

Guide £1,350,000 /About 118 acresLot 1 £750,000 & 27 acres


Plentyof

potential

Impressive small farm



WALES

Werncorgam FawrCarmarthen, Carmarthenshire

This is an attractive stock farm withstunning views over the Towy Valley.

Key features• Attractive 6/7 bedroom house• 3/4 reception rooms• Views over Towy Valley• Traditional and modern farm buildings

Guide £1,250,000 /120 acres


Attractive stock farm

Withstunningviews

Park HouseNarberth, Pembrokeshire

A delightfully compact estate withspacious accommodation, stables anda well stocked fishing lake.

Key features• Spacious principal farmhouse with4 bedrooms (1 en suite)• 2 bedroom cottage• Stable yard and outbuildings• Stocked fishing lake



Delightfully compact estate

SOLD


WALES


PantmeddygLampeter, Ceredigion

Three bedroom farmhouse with anattached cottage set in woodland.

Key features• 3 bedroom farmhouse• Attached 2 bedroom cottage• Further stone buildings• Woodland and pasture



Character holding in West Wales

Blaen MaenogLlandysul, Carmarthenshire

Peaceful small farm in West Wales with adelightful farmhouse.

Key features• Character farmhouse with 5 bedrooms(1 en suite) and 3 reception rooms• Range of traditional and modernoutbuildings• Lake, woodland and pasture



Peaceful small farm

With anidylliclake

SOLD



C

ALTHOUGH IN ITS INFANCY THE INTERNATIONAL FARMLAND MARKET IS SETTO GROW, OFFERING REAL OPPORTUNITIES FOR BUYERS AND SELLERS

ompared with the domesticmarket, the internationalfarmland market is in itsinfancy. However, as James

Cairns of Savills International Farmlandsays, “demand and activity are growingand buyers are becoming increasinglysophisticated; this is a market that isonly going to develop.

“Australia, Canada and the USdominate the market in terms of size andthe amount of capital being invested. Butthere is also plenty of interest in Centraland Eastern Europe and Sub-SaharanAfrica where, despite greater real andperceived risks and less investmentready deals, the potential for income andcapital growth is enormous.

“Private equity funds, family offices,pioneering HNWIs and sovereign wealthfunds with some emerging interest frommore institutional fund and assetmanagers typically spend between US$5million and US$50 million to acquire anddevelop a commercial asset.

“The potential for capital and incomegrowth is driving the market forinternational land,” says Hugh Coghill,director of Savills International Farmland.“Although the UK is a world leader interms of high farmland prices, it hasn’t

shown as much growth as some othercountries,” he says. “Our researchsuggests that the average annualisedglobal growth rate between 2002 and2012 was 20%, but the UK onlyachieved 13%. The highest percentageincreases in agricultural land values wererecorded in Romania (a huge 40% rise),Hungary, Brazil, Argentina and Poland– nearly all of them emerging markets.New territories such as Eastern Europeand Sub-Saharan Africa represent largeincome and capital growth possibilitiesfor those willing to look at new markets,especially compared with the limitedopportunities in the UK.

“Knowledge is crucial: a firmunderstanding of local management and

operations is key to success. In Sub-Saharan Africa, substantial investmentin development and infrastructure isneeded. Central Europe and the Balticstates offer great opportunities fordelivering large-scale agriculture atglobally competitive prices within asecure European trading market.However some are vulnerable to politicalrisk, as we are currently seeing in theUkraine. Where there are restrictionsthese can be mitigated by the tradingof shares and assets throughcorporate structures.”

In such a diverse market it is difficultto quote statistics, but buyers arebroadly acquiring blocks of 1,000 to10,000 hectares or more for ranch land.Values in developing markets areclosely linked to internal infrastructuredevelopment and operational capacity.Viability and performance also dependson a holding’s proximity to majorinfrastructure routes.

Despite the challenges anduncertainties of a pioneer market, theopportunities in international land arevery real. “Food and energy are globalcommodities, and they’re only goingto get more important,” says Hugh.“It is an exciting prospect.”

Capitaland income

growth potentialis driving theinternational marketHugh Coghill

CONTACT DETAILS

HughCoghillSavills InternationalFarmland 020 7016 [email protected]

JamesCairnsSavills InternationalFarmland 020 7016 [email protected]

International

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INTERNATIONAL


Zambia

• Proven long leasehold title• Growing economy at 7% per annum• Significant infrastructure andagriculture development

Key features• 12,000 hectares• Leaseback offer at 5% yield• Proven operations and management• Improvement and expansion potential• Well developed ranch with game

Guide $10,000,000

Contact: Savills International Farmland+44 (0)20 716 3819

Capitalgrowthpotential

Substantial commercial cattle ranch



INTERNATIONAL

Hungary

• Value arbitrage• Scarce land ownership opportunities• EU member and part of CAP• Strong agro-climatic attributes

Key features• 3,650 hectares• Freehold land• Corporate structure• Currently let in-hand at 3% yield• In-hand option available with 6% yield

Guide €14,000,000

Contact: Savills International Farmland+44 (0)20 716 3819

Arableland

ownership

Unique freehold opportunity



Contacts DirectorySAVILLS HAS A TEAM OF DEDICATED FARM AGENTS ACROSS THE UK,

BUYING AND SELLING MORE UK FARMLAND THAN ANY OTHER AGENT*

NATIONAL

LondonCrispinHolborow020 7409 [email protected]

LondonAlex Lawson020 7409 [email protected]

LondonJamesWalker020 7016 [email protected]

LondonCharlie Paton020 7409 [email protected]

LondonLouise Elliott020 7016 [email protected]

LondonTessaThorogood020 7409 [email protected]

Farms and Estates, Savills London

Bishop’s StortfordEdwardRout01279 756 [email protected]

BrechinRuaraidhOgilvie01356 628 [email protected]

EdinburghAnnaHenderson0131 247 [email protected]

EdinburghLuke French0131 247 [email protected]

EdinburghEvelynChanning0131 247 [email protected]

EdinburghJamieWedderspoon0131 247 [email protected]

GlasgowSianRobinson0141 222 [email protected]

PerthAlastairGemmell01738 477 [email protected]

EdinburghCharlesDudgeon0131 247 [email protected]

SCOTLAND

Covered by Brechin, Edinburgh,Glasgow and Perth offices

*Sou

rce:

base

don

alll

and

publ

icly

mar

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NORTH & MIDLANDS

Covered by Lincoln, Nottinghamand York offices

EAST

Covered by Bishop’s Stortford, Cambridge,Chelmsford, Ipswich and Norwich offices

LincolnWill Parry01522 508 [email protected]

LincolnJamesWard01522 508 [email protected]

NottinghamAntonyOliphant01159 348 [email protected]

NottinghamRichardGadd01159 348 [email protected]

YorkAndrewBlack01904 617 [email protected]

YorkTomWhitehead01904 617 [email protected]

YorkJames Sadler01904 617 [email protected]

LincolnAndrewPearce01522 508 [email protected]

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CONTACTS DIRECTORY

CambridgeAdrianWilson01223 347 [email protected]

CambridgeCatherine Scandrett01223 347 [email protected]

ChelmsfordGiD’Angibau01245 293 [email protected]

IpswichPeter Start01473 234 [email protected]

IpswichWillHargreaves01473 234 [email protected]

NorwichChristopherMiles01603 229 [email protected]

BanburyPhilipHoare01295 228 [email protected]

BanburyBenjieNesbitt01295 228 [email protected]

CheltenhamDouglasMackellar01242 548 [email protected]

CheltenhamAshley Lilley01242 548 [email protected]

CENTRAL

Covered by Banbury, Cheltenham, Oxfordand Telford offices

OxfordRichard Binning01865 269 [email protected]

OxfordOliver Langdale01865 269 [email protected]

OxfordZoe Plant01865 269 [email protected]

TelfordTonyMorris-Eyton01952 239 [email protected]

TelfordRhydian Scurlock-Jones01952 239 [email protected]

INTERNATIONAL

LondonHughCoghill020 7016 [email protected]

LondonJamesCairns020 7016 [email protected]

With over 200 offices and associates worldwide

CardiffDaniel Rees029 2036 [email protected]

WALES

Covered by the Cardiff office

Haywards HeathHannahRiches01444 446 [email protected]

SalisburyDavidCross01722 426 [email protected]

SOUTH

Haywards HeathChris Spofforth01444 446 [email protected]

BathBen Short01225 474 [email protected]

BathChris Jones01225 474 [email protected]

Covered by Bath, Haywards Heath, Salisburyand Winchester offices

ExeterLucyHolt01392 455 [email protected]

ExeterWill Chanter01392 455 [email protected]

SOUTHWEST

ExeterPennyDart01392 455 [email protected]

Covered by Exeter and Truro offices

SalisburySophie Clotworthy01722 426 [email protected]

WinchesterGeorge Syrett01962 834 [email protected]

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