Anthony Mayell of Fisher German’s Worcester office reports on the continued interest in small holdings and agricultural properties in and around Worcestershire.
Farms, small holdings and rural properties continue to command significant interest in and around the County, especially those with refurbishment potential. Accurate valuation holds the key to successful sales and it is important to consider this when getting valuations from different agents as the highest figure may not be the most realistic.
Anthony Mayell comments“With demand for residential farmland driven by record city bonuses, farmland prices reached unprecedented levels in the first half of 2007” and this is reinforced by the latest national Rural Land Market Survey from the Royal Institution of Chartered Surveyors.
For the hobby farmer and purchasers looking for a career change or those simply seeking “the good life” the opportunity of running a small holding is a very attractive proposition. Property with multi purpose outbuildings offer great potential to create a large family home with extensive outside space and the benefit of an acre or two of land for fruit and vegetables or livestock enterprises appeals to both family and smallholder alike.
Confidence for 2008 for residential farmland prices remains high as lifestyle buyers and farmers compete to push prices up. Anthony Mayell recommends “If you would like a market appraisal and informed advice on buying or selling agricultural property or a small holding Fisher German combine the marketing expertise of a dedicated national team, with local knowledge of town and country property, farms and equestrian units and can go the extra mile for sellers and buyers alike” Anthony Mayell can be contacted at the Worcester Office telephone 01905 453275.