Strong start for land
A 152 acre farm near Bury St Edmunds has sold for “considerably in excess” of its �2.2million guide price.
Estate agents Savills said the sale of Hawkes Farm, Whepstead, indicates a strong start to the year for agricultural sales in the region.
The farm comprises arable land, a five bedroom farmhouse, an additional three bedroom house and a range of farm buildings and was last sold in 1968 by auction for �47,500. Savills’ Adrian Wilsonos said: “The sale of this farm demonstrates the underlying strength in the land market. There have been few farms sold recently in this area and there is pent up demand.”
He added: “We expect this to continue in the foreseeable future.”
The main farmhouse was built in 1990. The house was originally subject to an agricultural occupancy restriction, but in 2011 it was given planning permission to allow occupation by non farmers.