"Abandoned" Rural Warwickshire estate sells for more than £1m

Published by

Nicky Godding

Welford on Avon estate

A substantial agricultural estate in Welford-on-Avon will see a new lease of life after lying largely dormant for over a decade.

Commercial property agents Bromwich Hardy have sold the 37 acre estate at Hunt Hall Lane in Welford, near Stratford-upon-Avon, for £1.15 million.

Caine Gilchrist, surveyor at Bromwich Hardy, said: “We had a significant amount of interest in this rare opportunity to acquire a country estate which comes with a partly completed four bedroom barn conversion.

“The property is set in beautiful surroundings and offers potential development opportunities, but it was a challenging sale to get over the line with a number of boundary disputes, right-of-way impacts, unregistered parcels of land and other issues to be resolved.

“However, we worked our way through each issue, and we are delighted to have achieved such a fantastic result for our client.”

He added that the price achieved reflected the attraction and potential of the property and land. £1.15 million equates to £35,000 per acre against a UK average circa £15,000.

The estate has been acquired by a private investor who is looking to complete the barn conversion and also introduce alpacas to the agricultural land.

The partly completed residential building includes ground and first floor with outbuildings including garaging, stables and a tack room.

Hunt Hall Lane is situated south west of Stratford-upon-Avon, close by Welford-on-Avon Golf Club, and is a highly sought-after location.

The vendors were advised by EPO Lawyers in Sutton Coldfield, and Askews Legal LLP in Coventry acted for the purchaser.

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.