Commercial property

'Important' rural property sold in £15 million deal

Written by Peter Davison on .

 

A country estate described as “by far the most important farming property to hit the open market this year” has been sold for £15 million.

The 1,400-acre Ogbourne Down estate, between Swindon and Marlborough, has been bought by an unnamed South Coast businessman by Swindon-based rural land property agent WebbPaton.

"A number of parties provided evidence of their ability to fund the £15m guide price, so we were able to sell Ogbourne Down after significant competition and achieve a fantastic outcome," said the firm's co-founder Mark Webb.

“The estate really is quite magnificent, and I’m not surprised it’s considered the most significant sale in 2020 within the farming and rural land world.

"Ogbourne Down Farmhouse, which was built quite recently and so has none of the potential drawbacks of an older, listed property, enjoys the most fabulous far-reaching views across the entire farm, giving an idea of the scale of this superb estate."

The property sale includes a primary farmhouse, two further farmhouses, two cottages, and six ranges of farm buildings.

The land includes 1,100 acres in arable production and 212 acres are in permanent pasture. There are 59 acres of amenity woodland and the estate was sold with five grass gallops, extending to about 32 furlongs.

Vendor Angie Maundrell, whose late husband Godfrey trained and race-rode, said: “Having recently lost my husband, I did wonder whether I would be doing the right thing, but they made it all so easy.”

Writing in Country Life magazine in August, Penny Churchill described Ogbourne Down estate as "by far the most important farming property to hit the open market this year".

"Buyers looking for potential and space — lots of space — have a great option now on the market not far from the pretty town of Marlborough," she said.

Ogbourne Down was launched to market in late July, and despite pandemic restrictions, was sold under offer some four weeks later.

Contracts were exchanged in mid-September and completion took place in late November.