2018-10-31 

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Woodland, River Banks and Land in Demand

H&H Michael C L Hodgson’s most recent property sales indicate that there continues to be a strong interest in accommodation land, woodland, dwellings and riparian strips in Southern Cumbria and the Lake District.

Selling by auction, on Thursday 25th October 2018, a woodland near Kendal in Cumbria achieved bids for double its guide price, whilst Land at Underbarrow also sold firmly across 4 separate lots. The following day a stretch of the River Brathay riverbank, which had been offered for sale by Private Treaty, was brought to a close with a good number of tenders received for it.

River Brathay

River Brathay

The circa 0.75 acre Woodland at Underbarrow was presented with a guide price in excess of £10,000, and it finally went under the hammer for £26,000.

The 42.5-acre Meadow and Pasture Land at Underbarrow sold in four lots, with a total sale price of £257,000, representing just over £6,000 per acre.

H&H Michael C L Hodgson also saw phenomenal interest for just over ½ acre of mature woodland and a 95 metre stretch of riverbank with fishing rights on the River Brathay, close to Ambleside. A number of closed bids were received, well in excess of the guide and almost double the £12,000 guide price.

Commenting on these recent sales, Mark Barrow, Associate and Chartered Surveyor for H&H Michael C L Hodgson, said:
“Once again, these sales have demonstrated that land in South Cumbria and the Lake District is sought after and is attracting interest from a range of buyers, including investors, recreationalists, and neighbouring farmers who are keen to extend their acreage.

We were very pleased with the sale of the land at Underbarrow. For land of this quality, in this area, selling at just over £6,000 per acre, was a strong result.

What we are finding especially interesting is that there are many people currently looking to invest in and purchase small parcels of amenity land and woodland, as they want to secure their own piece of the Lake District UNESCO World Heritage Site.

Interested parties see sites such as the Woodland at Underbarrow and the Riverbank near Ambleside as exciting and affordable investment opportunities. However, we are finding that small areas of amenity land such as these coming onto the open market are increasingly few and far between.”

H&H Michael CL Hodgson will be hosting two more Public Auctions in November, on Wednesday 14th and Friday 30th.

For further information or for those looking to enter property and land in upcoming auctions, please contact H&H Michael CL Hodgson’s Kendal office on 01539 721375

Michael Hodgson

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