Land Prices Hold Up At Symonds & Sampson Auctions
November 2008
Auctioneers Symonds & Sampson have a very exciting auction being held on 27 November at Sherborne in Dorset when 112 acres of land in Dorset, Somerset and Wiltshire will go under the hammer.
Auctioneer Mark Lewis recently sold land at Bagber near Sturminster Newton being 22 acres for £107,000 just under £5,000 an acre and he expects even better results later this month.
'A lot of people are still nervous about keeping their money in the banks' explains Mr Lewis, 'and I anticipate that local farmers as well as people from out side the agricultural community will be looking to purchase the land in the safe knowledge that they will have a tangible asset that should, if commodity prices stay high, prove an excellent investment.
'The land for sale covers a large area with paddocks in the New Forest available at £10,000 an acre, this is on the edge of a village and could possibly come for residential development one day. There is land on the edge of the Chard Reservoir at £5,000. Light arable land at Tolpuddle near Dorchester for £5,500 an acre. There is also good grass growing land at Ansty, mid Dorset and Buckland Newton for around £5,000 an acre and a good pasture field at Higher Chilfrome near Maiden Newton at £4,800 an acre.
'At the same auction, Styles Farmhouse a detached listed farmhouse for renovation in a village setting with an interesting range of farm buildings and paddocks adjoining with 6.61 acres is being sold for the Dorset County Council with a guide price of £625,000 and there are also investments in Bridport and Yeovil as well as an idyllic smallholding at Compton Dundon near Somerton which is on the market for £395,000.'
'Any buyers who miss out' adds Mr Lewis 'may get another investment opportunity on 12 December when 64 acres of land at Kilmington, Axminster, Devon will be auctioned including one lot with woodland and a lake and another with excellent farm buildings and a yard.
It is going to be a fascinating sale and further details can be obtained from Symonds & Sampson 01258 473766.'
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