VALUE OF FARMS IN ENGLAND.

Temuka Leader, Issue 1836, 3 January 1889, Page 4

VALUE OF FARMS IN ENGLAND.

A Home paper of November 3rd says farms arc sold at the present time in all parts of the country at prices varying from £.15 to £25 per acre, including house and customary buildings, assuming the laud to he of fair average quality. Poor heavy land farms, or others of an undesirable character, are worth a great deal less and good grazing land considerably more. The Estates Gazette reports the sale of the Meepham Court Estate, comprising 1350 acres, five miles from Gravesend, with a railway station on the property. The estate cost the vendors £BO,OOO, and it has now been sold, after various improvements, such as new cottages, enlargements of the mansion, and new stabling, at a little less than £40,000, or about £27 per acre, the timber of 175 acres of woods being included in the sale, and the rental of the estate, estimating that of the mansion and the shootiug at £250, being £IBOO a year. Many other transactions of tin; same character might be mentioned, hut none of them are more entirely typical of the reduced value of the land than this example of a good estate in Kent, with a mansion, cottages, and seven or eight good homesteads upon it, selling at £27 per acre. In the famous corn-growing country of Bc-sex, with its.-small area of grass land, the reduction in the value both of rents and fee simple has been much greater because the eges, so 1 o speak, are all in one basket. The future of corn farms seems far loss secure than that of mixed and pastoral farms.