Cheffins has announced the sale of 90.62 acres of grade 2 arable land at Levetts Farm, Bardfield End Green, one mile east of Thaxted, Essex. The ground will be offered either as a whole, or in four lots, and is set in an accessible location with road frontage. It can be used either for agricultural operations or for alternative use, subject to planning permission.
Lot 1 consists of 1.181 acres, adjoining the allotment gardens with road frontage onto Bardfield Road. Lot 2 comprises 18.93 acres and consists of arable land adjoining a number of residential properties. Lot 3, which is the largest, comprises 47.82 acres of arable land adjacent to Copthall Lane and surrounded by mature hedgerows. Lot 4 is a single parcel of 22.06 acres of arable land with access to Bardfield Road.
Included in the sale is the Basic Payment Scheme entitlements, as are the sporting, timber and mineral rights and there is a development overage on lots one, two and an area of lot four in the event that planning permission is granted.
Simon Gooderham, joint managing partner at Cheffins who is handling the sale commented: “Farmland values have hit a four-year high in Q3 2021, as supply continues to be constricted throughout the UK. With the average price now hitting over circa £9,000 per acre, and with a number of sales at over £10,000 per acre, opportunities to purchase productive arable land are becoming increasingly few and far between. Active buyers within the sector are now at record levels, with farmers, non-farming investors, environmental purchasers and developers all looking to cash in on farmland’s bull run which has been seen over the past few years.
“The land at Levetts Farm is an excellent prospect to acquire land in an accessible location and provides opportunities for a range of uses subject to obtaining the necessary consents. Similarly, property developers are active in the region, with some of the UK’s largest national housebuilders looking for additional land for longer-term strategic opportunities and biodiversity offsetting.”
The guide price for the entire area is £1,020,000. Prices for the individual lots are:
- Lot 1 – £75,000
- Lot 2 – £275,000
- Lot 3 – £395,000
- Lot 4 – £275,000
For more information go to www.cheffins.co.uk