£5m price tag on farm

A massive £5m price tag has been slapped on a farm up for sale near Newtown, one of the largest sales of its kind in recent years.

Red House Farm at Aberhafesp is up for sale after its owner Arthur Davies died nearly two years ago following an accident at the farm. It is understood the sale was delayed due to legal issues.

The 454 acre livestock, dairy and arable farms has 66,000sq ft of farm buildings and four houses.

Halls are selling the farm and company director, James Evans, said it was one of the biggest farms to come on to the market in recent years.

It also comes after rumours spread throughout the area over the past two years suggesting a number of famous faces were interested in buying the farm.

“Red House Farm is one of the most noted farms in the Upper Severn Valley,” said Mr Evans. “Farms of this size rarely come to market within the region. With the range of residential properties, the size, type and quality of the modern farm building and land, we would envisage interest from a diverse range of prospective purchasers.

“The land has been used primarily for the production of grass, maize and arable crops on a rotational basis and is highly regarded within the area for its productive capacity.

“Because of its quality and fertility, the land also has potential for use as a mixed farm with beef and sheep enterprises and arable production. One of the farm’s most instantly noticeable features is the lack of waste or rough land and the very small amount of woodland that is contained within the 454 acres.”

The farm is up for sale in eight lots.

 Caption: Red House Farm, Aberhafesp.