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In 2021 Stags Farm Agency were called out to Lashingcott Farm to carry out a market appraisal. We advised on a guide price, lotting strategy and discused the potential to convert a former grain store to a dwelling using either Class Q or a full planning application.
Later the same year Farm Agency, alongside our Bideford Residential Sales team, commenced the marketing of the farm, both as a whole and in 5 lots, with a total guide price of £1,120,000. The grain store and about 1 acre of land was excluded from this sale allowing our Planning & Design team to apply for planning consent to convert it, which was granted.
Stags went on to agree a sale on the farm as a whole, with contracts exchanging and subsequently completing in early 2022.
Whilst the marketing of the farm was taking place, our Auctions team provided advice on the best method for selling the machinery, along with the potential value of the assets present. The Stags team assisted the family with preparations, washing, organising and presenting the machinery before the equipment was advertised on one of our regular online auctions. This included an allocated viewing day and collection day which was overseen and run by our dedicated Auctions team at Stags.
Our Bideford office, alongside the Farm Agency team, then went on to agree a sale on ‘Lashingcott Barn’ off a guide price of £275,000, exchanging contracts on the sale and completing in March of 2024. The Planning team were then contacted by the purchaser to provide advice on the best strategy to achieve several design changes that they wanted to secure. The Stags team considered a full application but ultimately it was decided to pursue a fresh Class Q with a revised design, which was subsequently approved.
