A traditional Dales farm has come to market and leading land agency firm, Broadley and Coulson in County Durham is anticipating a bidding war as it is competitively priced at £750,000 as a whole lot and offers the ideal opportunity for a family to create a dream home and business.
Old Park Farm, in Westgate was a former milking unit, but more recently has reared suckler cows and hill sheep. It offers farming with picturesque amenity land, including a stream, sloping banks and waterfalls not to mention views over the Weardale Valley and the North Pennines, which are part of an Area of Outstanding Natural Beauty.
The farm is competitively priced however - as the house, cottage and traditional buildings are Grade II listed buildings - there is a need for restoration, along with the stone former cottage near to Heights Quarry Road.
David Coulson, senior partner at Broadley and Coulson and spokesperson on rural affairs for RICS North East said: "Demand for farmland in the North East continues to outpace supply, and it's not very often a traditional Dales farm comes to market, especially one which has huge potential to be a wonderful, unique home and business for a family. We are therefore anticipating a bidding war for Old Park Farm.
"The economic climate remains uncertain and farmers need to be cautious when it comes to spending. Old Park Farm is very reasonably priced, and as it is in need of restoring, not only will it enable a family to put a stamp on making it their very own dream home, it will probably work out a lot more cost effective rather than purchasing a higher end farm with additional newer property."
He added: "Along with the purchase of Old Park Farm, is the opportunity to purchase further neighbouring land, which is hugely advantageous as farmers can use it to really build up their business and be in the best position possible for when the economy picks up again."
Old Park Farm is also steeped in history - Eastgate and Westgate were the former Forest of Weardale Gates in the days of the prince Bishops who hunted throughout the area. Furthermore, there is a scheduled monument on the Northern part of the farm, which is a former camp.
The farm is also available to purchase in six separate lots as follows:
• Lot one – Old Park Farm together with farm dwelling, farm buildings and 49.77 acres of land edged red, excluding the Vodaphone mast at a guide price of £495,000.
• Lot two – Land to the North of Old Park Farm extending to 51.01 acres edged green at a guide price of £80,000.
• Lot three – Land to the West of the Heights Quarry Road extending to 46.53 acres edged orange at a guide price of £155,000.
• Lot four – Land to the East of the Height Quarry Road edged blue extending to 23.67 acres including the stone building at a guide price of £80,000.
• Lot five – Vodaphone mast site edged yellow at a guide price of £25,000.
• Lot six – Land to the South of the Farmstead edged brown. Offers are invited.
For more information on Old Park Farm or to arrange a viewing, please call Broadley & Coulson on 01388 766676 or visit www.broadleyandcoulson.co.uk.
ENDS
