The sale of a versatile 165-acre livestock and arable farm in rural North Shropshire, which had a guide price of £1.75 million, has been completed by leading country property specialists Halls. Rowe Farm at Welshampton was originally marketed as part of the Park Hall Farm Estate, near Ellesmere, which had a total guide price of £8.25 million and comprised a state-of-the-art dairy enterprise, 11 luxury log cabins, two farmhouses and 680 acres of land. However, Park Hall Farm, which had a ...
A large mixed farm, which is home to the well-known Chargot shoot, is the first holding to come to the open market in the South West this year.
With arable, pasture and woodland, Langham Farm at Luxborough, near Watchet, totals 655 acres.
Landowners are increasingly benefiting from development uplift in land values – but must plan carefully to avoid hefty tax bills.
“The past 18 months have seen a flurry of farmers looking at developing land, following the radical change in planning rules in favour of development,” says Neil Cox, senior rural services manager at accountant Old Mill. “This, combined with delays among many local authorities to complete their Local Development Plan, means a number of parcels of land that previously would not have been identified for development have successfully secured planning permission.”
A presumption in favour of converting farm buildings to residential use was written into planning guidance in the National Planning Policy Framework in 2012.
New isolated homes in the countryside should be avoided, it said, except under certain circumstances, including “where the development would reuse redundant or disused buildings and lead to an enhancement to the immediate setting”.
In most standard definitions, mutuality means “Having the same relationship, each to the other”. Mutual “members” are identical in that they know from the outset that any perceived risk and reward is shared equally between all members, irrespective of size of business or bank balance. Crucially, however, members of a mutual know that they contribute equally and fairly to the financial overheads in return for an equal and fair share of any possible benefits. A mutual relies on a sound business model and the common purpose of its membership and does not restrict the activities of its members.
With government keen to promote economic recovery through support for the housing market and amendments to planning policies, landowners may be able to benefit from planning permission for housing. Peter Moore explains some of the key issues for landowners
The average price of English farmland rose by 11% to a record £6,882/acre in 2013, according to the latest results from the Knight Frank Farmland Index.
During the same period, gold – an asset class farmland is often compared to – lost almost 30% of its value. Land almost kept pace with the 14% annual hike in the resurgent FTSE 100.
David Cameron welcomes new competition from PropertyMutual in online property marketing.
- PropertyMutual - The Independent & Equitable Property portal where no members can be 'more equal than others' -
London 14th January 2014: The launch of PropertyMutual.co.uk, the UK’s first ‘mutual’ property portal has been welcomed by Prime Minister, The Rt. Hon. David Cameron MP for Witney.
Farming partnerships that include a mix of individual members and companies or trustees are being urged to review their business structures to avoid falling foul of new anti-avoidance tax rules.
Country property specialists Halls have completed the sale of a well known dairy farm in North Shropshire, which was on the market for around £5 million. The sale of Park Hall Farm, near Ellesmere, which was part of the 680-acre Park Hall Farm Estate, marketed with a guide price of £8.25 million, was completed on December 23 on behalf of Tedsmore Hall Services Ltd. The new owner is a well known Shropshire farming family, who also purchased the milking portion of the farm’s dairy herd, wh...
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