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Spring has certainly sprung, with a number of quality equestrian properties being purchased in recent months.
Despite a general lack of new country property coming to the market, there has still been a flurry of activity from a range of different buyers both from within the South West and, most notably, the South East.
It seems that buyers have been searching for slightly larger equestrian holdings, with the average size increasing from just less than nine acres for 2016 to over 12 acres so far this year. This was also coupled with an increase in the average sold price for equestrian properties, which is about £76,000 more than the average price sold last year. This pattern can partly be explained by the increased size of the holdings and the lack of properties available.
These averages, however, disguise the range of properties sold by Stags. Our books stretch from development projects such as 8.7-acre Buttervilla Barn in South East Cornwall, which was purchased by a buyer from Wiltshire, to Little Comfort Farm in North Devon, which stretches over 15 acres to include a substantial house, four cottages and a fishing lake and sold over its guide price of £1,350,000 after competitive bidding.
Estate agents can all too quickly assume that the internet is by far the main source of buyers. Although crucial in this digitally-driven world, we must not overlook the value of personal knowledge and understanding when it comes to matching sellers with buyers.
The next edition of Stags Equestrian Magazine has just been published to coincide with the looming busy show season. Stags attends 18 local and regional events throughout the season, from the Royal Cornwall in the West, Exford Show in the North to Buckham Fair in Dorset to the East.
We are also pleased to announce our sponsorship of the One Day Event at Bicton Arena in July. Recognised as one of the leading equestrian venues in the South West, Bicton boasts superb and ever-improving facilities and is home to more than 100 events each year, attracting in the region of 10,000 competing horses, riders and owners.
Stags has been selling country property for more than 140 years, offering unrivalled local expertise to the national market. Experienced and knowledgeable staff are at the heart of the Stags ethos, together with a wider team of professionals in lettings, livestock sales, planning and business advice.
In an ever-changing market, you need to ensure that your agent has their ‘finger on the pulse’ and we strive to make certain that your property is effectively and strategically marketed to the right audience. If you feel you can benefit from this expertise and are considering selling your property, contact myself or your local office to find out how we can help.
Kevin Clarke, Associate Partner: 01404 45885