Farmland near Gatwick sells for £500,000

Land just off Norwood Hill Road in Charlwood near Horley was among 173 lots in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.

It went under the gavel at £500,000 freehold at a separate pre-arranged public auction which took place on Friday, October 25.

Senior Auction Appraiser and Auctioneer Richard Payne said: “I was not surprised to see a great deal of interest in this this rare opportunity to acquire just over 33 acres of farmland on level ground between Charlwood and Norwood Hill to the east of Gatwick Airport.

“The gavel went down at half a million pounds which equates to just over £15,000 per acre for grazing land – which we felt was an excellent return – and we have ended up with a good result for both vendor and purchaser.”

The Farmland Market Update by property consultant Carter Jonas put the average pasture land value at £7,833 an acre in the second quarter of 2024.

The rectangular shaped land is used at present for sheep grazing and is arranged as two parcels of land extending to 13.45 hectares (33.23 acres).

It is in a semi-rural location within easy reach of Horley, Gatwick Airport and all surrounding areas via the nearby M23 and A24.

Clive Emson Auctioneers holds auctions eight times a year offering specialist advice for auction purposes with offices in Essex, Kent, Sussex, Hampshire and the West Country, selling with skill, speed and efficiency.

The next auction, the final one of eight this year, goes live on Monday, December 9 and ends on Wednesday, December 11. Closing date for entries is November 18 and the catalogue is available from November 22.

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