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Stags Farm Agency is delighted to announce that 18.95 acres (7.61 hectares) of productive Grade 2 arable land close to the Exe Valley village of Thorverton has sold at auction for £194,000, equivalent to £10,238 per acre. The auction was held at The Ruffwell Inn on the evening of 8 March 2017, with Stags Partner Andrew Luxton at the rostrum.
The land, which includes 0.58 acres of deciduous woodland, is level or very gently sloping and is bounded by a mixture of post and wire fencing and hedgerows with views over the Exe Valley. The land is currently sown with a winter wheat crop and is capable of growing a wide variety of cereal and forage crops.
Stags Farm Agent Andrew Dodds, who handled the sale on behalf of the vendors, was delighted with the result. ‘More than ever, we are finding that good quality land has an intrinsic appeal. Demand and, as a result, prices are as high as ever for good quality land.’
If you have land which you think may be suitable for auction, please contact Andrew Dodds on 01392 680059 for an informal discussion. If you are interested in buying at auction, please visit http://www.stags.co.uk/auctions/auction-properties for a full list of auction dates and lots.
