Demand for property and land in Cumbria is still growing – with prices going through the roof, says one leading agent.
H&H Land & Estates said it appeared that nothing can stop growth.
At recent auctions held by the firm, Bellow Hill, a 30-acre small farm in the Garsdale Valley sold at auction for £780,000 – 63 per cent over its guide price of £480,000.
Atkinson Ground, 24 acres of productive pasture land and areas of woodland overlooking Coniston Water, went under the hammer for £270,000 – 50 per cent over the guide price, selling to an average price of £11,231 per acre.
And Hodge Hill Farm, a 90-acre traditional upland farm in the Lake District National Park sold for an overall price of £1,345,000.
The detached stone bungalow, range of traditional farm buildings with potential for development as well as 38 acres of agricultural accommodation land sold for £930,000.
The two final lots sold as part of Hodge Hill Farm, were 22.79 acres of land selling for £215,000, which was £9,434 per acre, and the final lot, 27.47 acres of land sold for £200,000 – £7,281 per acre.
“All three sales were outstanding,” said Colin Tomlinson, managing director of H&H Land & Estates. “There was fierce competition both from local buyers and from others across the UK, resulting in all three properties selling well above their guide prices. There is a particularly strong market for small holdings.
“Farmers and adjacent landowners are keen to buy more land, and many people are looking for land with high amenity value and barns and outbuildings to convert.
“High demand and limited supply has certainly got our 2022 season off to a flying start.”
