SDA Newcastle Land Sells Well!

McCartneys Knighton office is pleased to report a very successful sale of land at The Cabin, Newcastle sold by public auction on 14th June 2012.

McCartneys Knighton office is pleased to report a very successful sale of land at The Cabin, Newcastle sold by public auction on 14th June 2012. The land had not been offered by public auction since 1970.

Some 14.68 acres of sloping pasture land which was in Tier 2B of an ESA agreement was guided at £70,000. The Auctioneer Jenny Layton Mills started the bidding at £55,000 and rose frantically to reach the eventual sale price of £92,500 (£6,301 per acre).

‘It is a fantastic result for the type of land sold within the area’ says Jenny Layton Mills. ‘It shows that there must be optimism for the future and that land remains one of the safest long term investments’.

Land offered by public auction is still the most transparent method of selling land and purchasers and vendors have the safe feeling that a secure deal will be done.

If you have land or rural property you are considering for sale please contact us for a free market appraisal. McCartneys Knighton Office Tel: 01547 528621