Land values in spotlight at Boroughbridge auction

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More than a hundred acres of farmland in North Yorkshire up for auction through rural affairs specialists Bruton Knowles will help farmers get a better indicator of current land values across the region.
Philip Cowan, Northallerton office

More than a hundred acres of farmland in North Yorkshire up for auction through rural affairs specialists Bruton Knowles will help farmers get a better indicator of current land values across the region.

That’s according to Philip Cowan from the firm’s Northallerton office, who is marketing two parcels of land on behalf of North Yorkshire County Council.

Both parcels are due to be auctioned on Tuesday October 13 at the Best Western Crown Hotel, Horsefair, in Boroughbridge.

Philip Cowan said:

The market remains healthy in the Yorkshire region with investors as well as adjoining owners interested in acquiring productive parcels of land.

The auction will provide a good indicator of just how land values are holding up.”

He went on:

While commodity prices remain subdued, yields have been better than expected at harvest and agricultural land remains a strong, long-term investment.

Many farmers are looking to expand and invest and if something comes up on their doorstep they are more willing to give it a go.

Potential buyers are being steered to land at Marton-cum-Grafton, near York, where just under 50 acres of arable land is being auctioned in two lots.

Lot one of 20.61 acres has a guide price of £200,000 while lot 2 (27.85 acres) has been given a guide price of £270,000.

The land is predominantly Grade II with a small area of Grade III land towards the south-western part.

The second parcel of land at Whixley, near York, has been divided into three lots – Lot 1 – 52.01 Acres (guide £500,000) Lot 2 – 11.31 Acres (guide £100,000) and lot 3 – 8.65 Acres (£85,000).

The land is in a picturesque location and consists of Grade II arable and grassland.

Philip Cowan concluded:

Bruton Knowles sold a brace of farms in North Yorkshire earlier this year – realising up to £15,000 per acre. Lingwood Farm on Selby Common, realised £300,000 while Grafton Lodge Lane Farm also at Marton-cum-Grafton was sold in four lots realising a grand total of £1,159,000.