[M]ichael CL Hodgson has announced that, as part of its forthcoming group property auction, they are to sell two plots of land of high amenity value close to Windermere.
These are Woodland at Troutbeck, spanning circa 1.9 acres, and also a 2.4 acre pasture adjacent to Crook Road. Both lots offer good investment opportunities for people looking to acquire their own piece of land within the Lake District National Park.
These two Lots, along with Barns at Coatley Farm with planning for residential development and a traditional ‘Westmorland’ style period cottage will be sold by public auction at the Town Hall, Kendal, on Tuesday 11th July at 2:30 pm.
The sale of the amenity Woodland at Troutbeck with a guide price of £8,000 to £10,000, offers potential buyers an ideal opening to purchase a diverse mixed woodland situated in the heart of the Lake District National Park, just 1.5 miles north of Windermere. With assorted ground flora, including Bluebells, the woodland is a delightful combination of predominantly deciduous trees and provides the buyers with a number of options including their own fuel source, commercial harvesting, game purposes and wildlife conservation. With roadside access off Bridge Lane, it would make a fantastic addition for local landowners looking to invest in their business or enterprise.
The 2.4 field adjacent to Crook Road, guided at between £20,000 and £25,000, is located one mile from Windermere, just off the B5284. This field is perfect for farmers looking to expand their grazing to increase livestock numbers, or a young/new farmer entering the industry and looking to get a foot on the ladder in terms of land ownership as well as investors simply wanting to own a piece of the Lake District National Park.
The value of woodland has increased in recent years and the main driver for rising woodland prices has been the escalating price of land rather than the value of timber rising. Figures from the Forestry Index indicate that returns from woodland have averaged around eight per cent for the last 20 years and there is also a number of tax benefits associated with owning woods.
Ahead of the sale, Mark Barrow, Chartered Surveyor at Michael CL Hodgson, commented: “Woodland appeals to a variety of people and investing in small woodlands is a popular, and potentially lucrative, way to increase revenue from land. Over the last year we have seen the advantages associated with ownership of woodland leading to a growing demand and we are expecting this to be the case with the woodland at Troutbeck.”
The other two Lots in this auction, in Kendal Town Hall on 11th July, are also expected to create considerable interest:
- The Barns at Coatley Farm, Whasset, Milnthorpe, with a guide of £180,000 to £200,000 is a being sold as a residential development site with two traditional buildings and planning consent for three dwellings.
- Fern Cottage is a traditional ‘Westmorland’ style period cottage with potential to modernise and is being offered with a guide price of £190,000 to £230,000.
For further information or to view any of the properties please contact Michael CL Hodgson’s Kendal office on 01539 533320 or email [email protected].