Published: 30/06/2023 By Ross WillmingtonSpring came late this year, not only for crop growth but also for the farms and land market. As the days grew longer however parcels of land, woodland and some substantial farms have launched to the market, attracting interest from a diversity of buyers.
Ross Willmington, Partner in the Axminster office has recently agreed the sale of Barn Park Farm (pictured), a 121-acre farm near Honiton in Devon, sold in four lots to either local or downsizing farmers. In May the 952-acre Preston and Crook Farm in Dorset was launched. One of the largest single blocks of land to come to the market for some time, it includes a residential portfolio and offers great farming and investment potential. Partner Will Wallis handling the sale has seen a substantial amount of interest both regionally and nationally.
Land sells particularly well in Symonds & Sampson’s collective property auctions. 130 acres near Somerton sold for an average of £11,500 per acre in April, while other parcels in the county sold for £16,000 per acre; 43 acres in the Axe Valley sold for over £15,000 per acre in June, all demonstrating that despite the rising cost of living subduing the wider property market, there is still healthy demand for land – particularly for cash buyers. Demand for smaller parcels of land is generally locally sourced, however, more substantial parcels attract buyers from further afield.
Head to our Farms & Land pages to find details of property currently available, and if you are considering buying or selling farms or land, please contact either Ross in our Axminster Office (01297 33122) or our dedicated Farm Agents in your nearest Symonds & Sampson office (below).