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Rural Professional
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Huge Interest in Sale of Mid Wales Land
McCartneys Knighton Office are pleased to report a very successful sale of land at Llanbadarn Fynyndd sold by public auction.
In all some 61.20 acres of prime pasture land, forming part of Tyllwyd Farm, was offered for sale in two lots. “The sale had sparked a lot of local interest” comments McCartneys agent Katie Morris, “it is very rare that a substantial block of land comes for sale in this area”.
In front of a packed auction room Lot 1 was offered, comprising 24.10 acres. The bidding commenced at £120,000 and rose frantically to reach the eventual sale price of £190,000 (£7,880 per acre). The competition remained strong for Lot 2, being 37.10 acres. Bids started at £200,000 and did not ease until the land sold for £274,000 (£7,400 per acre).
“It is a fantastic result, we are really pleased” say Katie Morris “It shows that there must be optimism for the future and that land remains one of the safest long term investments.”
If you have land or rural property you are considering for sale please contact us for a free appraisal. McCartneys Knighton Office Tel: 01547 528621 -
Soggy Around the Edges but Still Shining
Despite a damp start to this year’s NSA Show in Machyllenth, McCartneys stood out from the crowd and enjoyed a great day with some of our top auctioneers and advisors present to offer information and advice to old and new faces. With a 440 hectare holding, run as two separate units by brothers Dafydd and John Jones and spread over three consecutive valleys, this year’s NSA show made for a fun and informative day set in beautiful surroundings.
We may have looked a little soggy around the edges but we very much enjoyed seeing you all there and hope that you’ll visit us at the following shows this year,
The Three Counties Show, Friday 17th - Sunday 19th June 2011
Royal Welsh Show, Monday 18th - Thursday 21st July 2011
Burwarton Show, Thursday 4th August 2011
Tenbury Wells Show, Saturday the 6th August 2011
Brecon County Show, Saturday the 6th August 2011
Kington Show, Saturday the 10th of September 2011
Welsh Winter Fair, Monday 28th & Tuesday 29th of November 2011 -
Results of SPS Entitlements Auction – 17th March 2011
McCartneys report the following results from their March Entitlements auction. The entitlement transfer deadline for the entitlements to be claimed on your 2011 form is 3rd April 2011. For details please contact Miss Jenny Layton or Miss Katie Morris on 01547 528621 or your local office with your entries or enquires.
WELSH SPS ENTITLEMENTS
€345.25 (£296.89/HA) 1.76 sold for £520 (1.76 x)
€258.09 (£221.94/HA) 7 UNITS sold for £390 (1.76 x)
€226.67 (£194.58/HA) 3 UNITS sold for £200 (1.03 x)
ENGLISH NON SDA ENTITLEMENTS
€523.62 (£450.28/HA) 8.91 UNITS sold for £400 (0.89 x) -
New Faces For The Future
“The old adage that actions speak louder than words is a truism. McCartneys have always believed in giving young people a chance in the business and a chance to make their mark as part of the firm for the long term future.” said John Uffold, Chairman. Seen here with the two new young Associate Members of McCartneys LLP, Katie Morris and Richard Williams. Katie is based at Knighton undertaking rural professional work and is fully involved in the running of the livestock market. Under the guidance of McCartneys Katie qualified as a Member of the Royal Institute of Chartered Surveyors (MRICS) and Fellow of the Central Association of Agricultural Surveyors (FAAV). Richard Williams is based at Hay on Wye carrying out a wide range of professional work and Estate Agency where he qualified as a Member of The Association of Residential Letting Agents (ARLA) and is currently studying to become a Member of The National Association of Estate Agents (MNAEA).
“The government keeps talking about youth unemployment and giving worthwhile careers to the young but seems over the years to have done very little to encourage employers to take on young people and give them that vital first step on the ladder. We are sure that Katie and Richard will be faces for the long term future with McCartneys and will provide a valuable service to the clients in their respective areas” John concluded. -
Inflation - a load of hot air?
PROPERTY MATTERS a monthly look at the Property Scene
by Wyn Jones of McCartneys.
In a recent talk given by an economist the audience was informed that it is envisaged the national debt will hit £1000 billion by April 2011 and a mind boggling £1.2 trillion one year later and that to cover this year's £43 billion interest bill every household will have to pay on average in excess of £1,800 in tax.
He then went on to say that it was believed by some that the government would find it very difficult to pay back this debt and were quite happy for inflationary help to reduce the amount owed. So for example if inflation ran at an average of 5% for the next three years (at the source of borrowing) at the end of this period the amount owed would have reduced by some 15% - in simple terms.
On an individual basis if inflation continues at the current level (the old measure of RPI currently running at 5.1%) it may be good news for those with borrowings (as their borrowings will reduce correspondingly) but conversely it is bad news for those with savings as they will see these reduce in real terms.
So if you have savings what do you do – as one client told me “it’s no good in the bank”? I am not an economist or financial advisor nor would I like to hazard a guess as to what the future holds however I do know that history has shown in inflationary times one of the best investments has been property.
Now I am not advocating you borrow money and investing it in property - which would be the natural extension to this argument but for those with money in the bank earning nominal interest perhaps a suitable property investment may be something to consider in these inflationary times?
For further information on Property Matters Wyn can be contacted on Tel 07702 722905 or by e-mail on wyn@mccartneys.co.uk -
The Next Entitlement Auction is Thursday 17th March 2011 - 1pm at Kington Market
Please visit the Entitlement page to view or download the sales catalogue - www.mccartneys.co.uk/content/Rural_Professional/Entitlements/
For more information please contact Jenny Layton or Katie Morris on 01547 528621. -
Proposed Garreg Llwyd Windfarm - Electricity Wayleave Payment
If you have been approached by RES UK and Ireland Limited about the proposed electricity line crossing your land to
the proposed Garreg Llwydd site please contact us for professional advice.
We already have many clients along the route and therefore can represent all with good sound advice and be
in a stronger position.
Contact Glyn Owens or Jenny Layton - Knighton Office 01547 528621 -
Entitlement Auction Results for February 2011
Please click on the following link to see the auction results for February's sale at Brecon Market along with the date for this month's auction - www.mccartneys.co.uk/content/Rural_Professional/Entitlements/
For any further information about the auctions or the currently available lots on the Entitlements page please contact Katie Morris on 01547 528621 -
January's Entitlement Auction Report
Please click on the following link to the Entitlements page where you will find the Auction sale report for Friday 21st January 2011 - www.mccartneys.co.uk/content/Rural_Professional/Entitlements/ -
The 1st Entitlement Auction of the Year
The 1st Entitlement Auction of the 2011 Trading Period is to be held at Knighton Market on Friday 21st January 2011 at 2pm.
Please click on the following link to view or download the Sales Catalogue - www.mccartneys.co.uk/content/Rural_Professional/Entitlements/
