Buying and selling farms and land in Devon is a specialist area of the market. Landowners who may be considering offering their property for sale this spring or summer, should be reassured that Luscombe Maye’s knowledge of the market, trends and key players are invaluable to helping sellers achieve the maximum potential for their property, whilst buyers are directed to the most suitable opportunities, often before they come to the market.
In both cases, Luscombe Maye pride themselves in assisting clients through the whole process and providing a service that is second to none, from start to finish.
With the lambing season almost over, those who have an eye on a potential sale will use this slightly quieter period of the agricultural calendar to consider how much they could potentially achieve for their farm and land in Devon.
Careful consideration as to how the farm or land may be broken up and lotted, coupled with attention to detail on how it is presented, needs to be given, in order to achieve the best possible price.
Senior Director, Stuart Hext, comments on buying and selling farms and land in Devon
Stuart Hext, Senior Director at Luscombe Maye, is all too aware of the pitfalls that landowners may make when offering their farm or land to the market and recommends obtaining expert advice, in order to maximise the return from their investment.
Stuart Hext said, “Now is a good time of the year when many landowners might be thinking about a potential sale, either now shortly in the spring or through the summer months. However, many buyers are very discerning and unless the property is presented well, in many cases the asking price may not be achieved.”
“Experience has shown us that buyers don’t always view a farm as a whole. Splitting the farm into lots, where possible, will attract a wider market of potential buyers, with different agendas. Sales that we have been involved with through 2022 and the first quarter of 2023, have resulted in farms and bare land in Devon selling to people from out of the area, as well as to local landowners and farmers.”
“Over the last 12 months we have seen an increase in land values, driven partly by the age old scarcity of supply. Looking forward, therefore, I consider it is even more important to ensure that any farm or land is presented in the best possible light and condition, to realise its full potential in the market.”
Farms and Land for Sale in Devon
Throughout the year of 2022, Luscombe Maye assisted with the sale of over £11,000,000 worth of farms and land in Devon. View our full portfolio of Farms and Land for sale in Devon. Proud of our track record and reputation within the South West, we aim to exceed every expectation in supporting the interest of our clients, whichever side of the transaction they stand.
Currently, Luscombe Maye are proud to present Higher Pasture Farm near East Allington (see aerial view photo), to the market. With a guide price of £2,000,000 – £2,250,000, Higher Pasture Farm occupies a slightly elevated location with wide country views in the South Hams area of South Devon and comprises a modern dwelling, range of modern farm buildings and agricultural land extending to 80.23 acres in all. This might suit an existing landowner looking to expand or others looking to downsize or upsize to operate a smallholding of some kind.
Luscombe Maye Farms and Land department have agreed a number of sales in 2023 for various blocks of agricultural land in South Devon and most notably for the Land Part Higher Torr Farm, East Allington extending to some 172.49 acres which was offered for sale as a whole or in up to five lots to suit prospective buyers requirements. This received a very significant amount of interest and more land is urgently required to satisfy demand from those that weren’t successful with this land but also new buyers that have registered with the business.
Established in 1873 as a firm of agricultural auctioneers, surveyors and estate agents, Luscombe Maye has successfully expanded its wide range of property services offered, in addition to the reputable Farms and Land Department. With eight offices spread across the West Country and linked to the London market with a Mayfair office, the firm is well placed to offer potential sellers an excellent service, reaching a wide market of prospective buyers.
For some initial advice or further information, please contact our land and farms department on 01364 646 174.
