Increasing demand for agricultural land in Mid Wales and Shropshire
Demand for good quality agricultural land and farms remains strong in Mid Wales and Shropshire, with recent sales seeing a good level of interest, according to one of the region’s chartered surveyors and estate agents.
The demand is mirrored in the price for land, with a recent auction in north Powys seeing prime grassland reaching £8,000 an acre, said Jonathan Evans, a partner at Morris, Marshall and Poole with Norman Lloyd.
“The start to 2018 has seen significantly more land coming on to the market, along with some prime farms. Demand is also high and in addition to interest in the property we are marketing, we are seeing a rise in enquiries for grassland and farms throughout the Mid Wales region and into Shropshire and other neighbouring areas,” he said.
A recent auction at Llangadfan, near Llanfair Caereinion saw significant interest for nearly 50 acres of roadside land with an agricultural building and concreted yards.
“This was a prime example of the interest currently out there, with prices reaching £9,500 an acre. While prices are dependent on local conditions, it’s reasonable to say conditions are mirrored throughout the region,” added Jonathan.
“Whether a landowner seeking to dispose of or acquire land, the market conditions are good and there are some excellent plots coming to market.”
Over 780 acres has recently come on to the market in the Rhayader, Llandrindod Wells and Ponterwyd area of Powys and Ceredigion. The land is for sale by formal tender either as a whole or in eight lots at Llaithddu, Bwlch-y-Sarnau and Ponterwyd due to a change in farming policy by the landowner.
“You don’t see larger areas of agricultural land coming to market like this in one go. It’s an outstanding opportunity to acquire land renowned for producing top quality livestock,” said Jonathan.
“We’re already seeing interest from existing landowners, although the land is also suitable for those with recreational and environmental interests and also has potential for renewable energy and wind farm development to provide additional income, and may be suitable for diversified agriculture such as poultry production.”
The value of the land ranges from a guide price of £1,600 to £5,400 an acre.
Strong interest was also confirmed at several recent sales at Meifod near Welshpool; Bettws Cedewain near Newtown and Churchstoke.
A number of sales are on the horizon for further sales and interest is also increasing for grass keeps to let.
Details of the land and agricultural property for sale can be found at www.morrismarshall.co.uk or by telephoning 01938 554818.