Cheffins has launched 90.62 acres of productive grade 2 arable land to the market at Levetts Farm, Bardfield End Green, just one mile east of Thaxted, Essex.
Offered either as a whole or in four lots, the land is set in an accessible location with road frontage and provides an opportunity for continued use as farmland or for alternative uses, subject to planning.
Lot 1 consists of 1.181 acres, adjoining the allotment gardens with road frontage onto Bardfield Road. Lot 2 comprises of 18.93 acres and consists of arable land adjoining a number of residential properties.
Lot 3, which is the largest, comprises 47.82 acres of arable land adjacent to Copthall Lane and surrounded by mature hedgerows. Lot 4 is a single parcel of 22.06 acres arable land with access to Bardfield Road.
Basic Payment Scheme entitlements are included in the sale, as are the sporting, timber and mineral rights. There is a development overage on lots one, two and an area of lot four, in the event that planning permission is granted.
The sale is being handled by Simon Gooderham, joint managing partner at Cheffins. Farmland values hit a four-year high in the third quarter of 2021, he says, with supply constricted throughout the UK.
With the average price now above £9,000 per acre – and a number of sales at over £10,000 per acre – Mr Gooderham says opportunities to purchase productive arable land are becoming increasingly few and far between.
“Active buyers within the sector are now at record levels, with farmers, non-farming investors, environmental purchasers and developers all looking to cash in on farmland’s bull run which has been seen over the past few years.
“The land at Levetts Farm is an excellent prospect to acquire land in an accessible location and provides opportunities for a range of uses subject to obtaining the necessary consents.”
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