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Strong demand for agricultural property at auction

Property, News

Strong demand for agricultural property at auction
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An agricultural property comprising a bungalow, farm shop, farm buildings and 22 acres of pastureland sold for £488,000 at auction in Kidderminster.

The well located property, known as Grove Farm, Stanmore, Bridgnorth, attracted very competitive bidding before being sold to a local farmer at the auction held by auctioneers Halls at the Gainsborough House Hotel.

A 6.7-acre pasture field at Summerfield, near Kidderminster also went under the hammer, selling for an excellent figure of £77,000 - £11,494 per acre - after spirited bidding.

A third lot, a detached bungalow suitable for renovation in an attractive location at Woodcote, near Bromsgrove, did not find a buyer and is for sale by private treaty through Halls’ Kidderminster office.

Auctioneer Roger Sadler, a director of Halls, said the auction attracted keen interest and a full saleroom, which reflected a strong demand for agricultural property.

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