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Productive arable land of nearly 220 acres at Eldon Moor farm in County Durham, including four well-stocked fish ponds, has come to market through GSC Grays as a whole or as two lots at a guide price of £1,910,000 with an additional opportunity for the land to be used for nitrate offsetting as it falls within the Tees Valley catchment.
The large parcel of productive Grade 3, mainly arable land, is divided naturally into two blocks with good access:
The land at Newton Aycliffe is currently sown to Winter OSR, with each field having a 6m grass margin. The land benefits from ponds of varying sizes which are naturally stocked with trout and perch. Whilst currently let on an informal basis to the local Angling Association, buyers might be able to enhance these features as well as considering arable reversion to assist with nitrate offsetting amounting to 1800 nitrate credits.
Nutrient neutrality has recently become mandatory in some catchments in the North of England including the River Tees.
John Coleman, Head of Farm Sales, GSC Grays said: “We have valued the land for agricultural use but also expect serious interest in the 1800 nitrate credits which could be gained from the land. This is an emerging market, and it will be interesting to see what value the market puts on this opportunity especially in light of the limited number of credits recently auctioned by Natural England at £1,825 per credit and for which I understand there was significant demand.
“Nitrate offsetting could be delivered by land use or management changes that reduce the nutrients entering a watercourse by wetland creation, woodland planting or arable reversion”.
Eldon Moor Farm is situated to the north of the village of Middridge, between Newton Aycliffe and Shildon in County Durham, about 8 miles south of Durham in a productive farming area.
The Eldon Moor Farm land is currently on the market with GSC Grays with a guide price of £1,910,000.