219.12-acres (88.68ha) of “productive” land at Eldon Moor farm in County Durham has hit the market through GSC Grays as a whole or as two lots with a guide price of £1,910,000, writes farming journalist, Catherina Cunnane.
The property, which is offered for sale by private treaty, consists of 178-acres of arable land, 17-acres of grass margins, and 20.7-acres of permanent pasture with fishing ponds, along with a clawback on development potential.
The land features four naturally stocked fishponds and offers the opportunity for nitrate offsetting as it falls within the Tees Valley catchment, according to the selling agents.
Purchasers, the company added, may be able to consider arable reversion to assist with nitrate offsetting amounting to 1800 nitrate credits.
Nutrient neutrality has recently become mandatory in some catchments in the North of England, including the River Tees.
Land for sale
The large parcel of productive Grade 3, mainly arable land, is divided naturally into two blocks with good access, as follows –
- 1 – 106.12 acres – £950,000;
- 2 – 113.0 acres – £960,000.
The land at Newton Aycliffe is currently sown to Winter OSR, with each field having a 6m grass margin.
The land benefits from ponds of varying sizes which are naturally stocked with trout and perch.
Selling agent comments
John Coleman, Head of Farm Sales, GSC Grays, said:
“We have valued the land for agricultural use but also expect serious interest in the 1800 nitrate credits which could be gained from the land. “
“This is an emerging market, and it will be interesting to see what value the market puts on this opportunity, especially in light of the limited number of credits recently auctioned by Natural England at £1,825 per credit and for which I understand there was significant demand.”
“Nitrate offsetting could be delivered by land use or management changes that reduce the nutrients entering a watercourse by wetland creation, woodland planting or arable reversion”.
Eldon Moor Farm is situated to the north of the village of Middridge, between Newton Aycliffe and Shildon in County Durham, about 8 miles south of Durham, in a “productive” farming area.
The Eldon Moor Farmland is for sale through GSC Grays with a guide price of £1,910,000 (over €2,157,000 based on today’s currency conversion rates).
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