MORE than 100 acres of arable farmland at Woodhurst, which came on the market for the first time in 60 years, has been sold for more than £4,300 per acre. The land, which includes a range of redundant farm buildings and planning consent for erection of a
MORE than 100 acres of arable farmland at Woodhurst, which came on the market for the first time in 60 years, has been sold for more than £4,300 per acre.
The land, which includes a range of redundant farm buildings and planning consent for erection of a small replacement farm building, fetched £450,000 when it was auctioned by Alexanders of Huntingdon on behalf of H and CD Hutchcraft.
Single farm payment entitlement, which were auctioned separately, fetched a further £11,000, bringing the total price to £4,432 per acre.
Auctioneer Michael Alexander said after the sale that the price achieved was evidence of the turnaround in the farmland market in the area, which has now risen by about 50 per cent over the past two years.
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