John Dawe-Lane at Acorn Rural Property Consultants reports on current market conditions for farm properties and suggests that, “despite the general economic turmoil and the on-going euro crisis, rising commodity prices and a generally buoyant agricultural economy means levels of interest in agricultural property remains sound.
Whilst the number of lifestyle buyers may have fallen away, keen interest remains from farmers looking to re-invest and expand or move to bigger and better farms, though as always the number of commercial farms on the market remains few.
We have also noticed increased levels of interest from non-farming buyers looking to acquire rural properties with investment income reports Dawe-Lane. Whilst in general residential buyers in the market place remain uncommitted, buyers however are keen to acquire rural properties which either generate income, have income potential, or provide something different from the norm. A good example of this is Middle Lane Farm at Kingston Seymour which Acorn RPC has recently brought to the market. This former dairy farm between Clevedon and Weston Super Mare has been successfully diversified and, in addition to a listed farmhouse, provides further residential accommodation for holiday use, an established café/wedding venue business and coarse fishery. The property provides a superb opportunity for a purchaser to grow and further develop the various existing enterprises whilst living on a delightful small holding and is exactly the type of property buyers are after.
It goes to show that, even in a difficult property market, the right diversification pays.
For further advice or information please contact John Dawe-lane at Acorn Rural Property Consultants on 01278 772655.