Leicestershire grassland farm with development potential for sale

Posted - 09/08/21

Midlands based land agents Howkins and Harrison are marketing for sale Frisby Farm, Frisby by Gaulby, a 202 acre grassland farm with planing permission for a new house and garage totalling 1600sq ft located in rural East Leicestershire, near the towns of Oakham, Uppingham and Stamford.

The farmland at Frisby Farm consists of a mix of grazing and mowing land and has been farmed by the current occupier for many years.

Most of the land is available for sale in two lots; the first being Lot 1 – a 62.84 acre block of land to the north of the farm, divided into 7 parcels with access directly from the A47 and the main farm drive. The land is offered with a guide price of £500,000 which equates to £7,956 per acre.

The majority of the remaining land is in Lot 3 – 134.74 acres of grazing and mowing land which is divided into 6 parcels and accessed from the A47 and Leicester Road, Billesdon and situated more to the south and east of the farm. Lot 3 is offered for sale with a guide price of £1,000,000 which equates to £7,421 per acre.

Also included in Frisby Farm is a former farmhouse, cottage and a range of buildings accessed down a private drive. Lotted with just over 5 acres, there is planning permission to demolish existing buildings and erect a replacement dwelling and detached garage totalling 1,693 sq.ft. Lot 2 is guided at £500,000.

Managing the sale for Howkins and Harrison is Michael Fallowell who explains, “the sale of Frisby Farm really is a unique opportunity. It sits between the villages of Billesdon and Houghton on the Hill, in one of the most elevated parts of East Leicestershire. The views from the farm yard really are spectacular, giving the development site a panoramic view of the area.”

“The site has outline planning permission, allowing the buyer the potential to finalise the design to their own tastes. We expect keen interest from local farming buyers looking to expand their existing holdings. But with such a special development site, we also expect interest from further afield. The farm has excellent travel connections, with rail routes into London from the local town of Market Harborough less than an hour, meaning that a City buyer could easily commute.”

“We therefore have lotted the farm accordingly, to allow as much flexibility in the sale. The guide for the entirety is £2million, and we’ve guided it sensibly to ensure strong interest.”

Founded in 1888 Howkins & Harrison is an established firm of property advisers committed to helping our clients in the residential, commercial and rural sectors. With a regional network of offices we provide a comprehensive service which encompasses the whole of the Midlands along with quality coverage from our London Office.

Their areas of speciality are as commercial, residential and rural chartered surveyors, estate agents, auctioneers, valuers, planning and development consultants, residential letting agents and property consultants. Experienced members of staff advise clients ranging from individual property owners and buyers, to national developers and investors looking to maximise their property portfolios.