A farm near Newtown, Powys with over 121 acres of land has been sold for £1.1m with two further parcels of land selling for over £250,000, demonstrating the strong demand for such property in the area.
Pentrehedyn Farm at Cefn Mawr, near Newtown was sold above guide prices by property surveyors and auctioneers Morris, Marshall and Poole following the retirement of the owners.
The sale included traditional farm outbuildings and farmland in the first of three lots which all sold well above their guide prices.
The six-bedroom farm dates back to the early 1800s.
Two separate lots, included 18.98 acres of land which sold for £192,000 and a further 6.7 acres which sold for £73,000 at the auction held at Newtown’s Elephant and Castle Hotel.
A farm dispersal sale will be held at Pentrehedyn Farm on 10th October with vehicles, implements and farm machinery being sold.
“There is strong demand for agricultural land and farms in the area which was demonstrated at the auction and the final prices, well above the guide prices,” said Tony Evans, a partner and chartered surveyor at Morris, Marshall and Poole.
“We’re anticipating further interest in the farm dispersal sale on the 10th October.”
Details of the farm dispersal sale can be found at www.morrismarshall.co.uk.