Shropshire farmland on the market at £2.75 million
A patch of farmland in Shropshire has been put up for sale for around £2.75 million – more than £1,000 per acre more than the record-breaking sums for which land in the region has recently been changing hands.
The swathe of prime arable land around Trench Farm near Wem is being sold for just over £9,500 per acre.
It comes just days after the Royal Institute of Chartered Surveyors revealed that land prices hit a new record high of £8,250 per acre in the first half of the year.
The newly-available land extends to more than 288 acres and has been owned by the Tomley family for 16 years.
It is the first time for some time that such a large amount of grade three land has been put on the market in the area.
"The vendors are selling the land while retaining the main farmhouse and array of commercial and residential properties at the farm," said Rob Hudson, Partner at Morris, Marshall and Poole, land and estate agents handling the sale.
"The land is primarily arable with some permanent pasture. It's a significant amount of land of this quality to come on to the market and we're expecting significant interest."
The land is 10 miles from Shrewsbury and just off the B5063 Shawbury road from Wem.
Kate Pinder, from the agents, added that the land had already attracted interest, despite only going on sale in the last few days.
The RICS said last week that West Midlands farmland had increased in price for the 10th consecutive six-month period in the first half of this year, soaring from £7,500 to £8,250. Across the UK, the average cost has recently increased to £8,607.
