Cheswardine Estate Sale 1918
Cheswardine Estate Sale
30th January 1918
This was the first major sale of Cheswardine Hall Estate property, before the end of the 1st World War.
This is a verbatim report from the Newport & Market Drayton Advertiser
The sale consisted of 557 acres 2 rods and 5 perches of land in both Shropshire and Staffordshire, comprising five farms, two small holdings, two enclosures of accommodation land and five cottages - this is equivalent to about 225 hectares. The estimated annual rent for these properties was £992 in 1918.
Why these properties were sold is currently unknown but further enquiries may resolve this question.
Using an internet based method calculating earnings, this would have achieved a rental income of about £165,000 per annum at today's prices. John Nix’s Farm Management Pocketbook 27th edition (1997) gives a figure of about £60.50 per acre for farms facing a rent review, which would give a lower figure of about £33,700 per annum.
The total sum realised for the sale of these properties was £24,380.34 in 1918, which is equivalent to about £851,000 in 2007 prices, or about £1,500 per acre, although agricultural land is making three or four times this value as of 2008. A value of about £6,000 per acre at 2009 prices excluding property, would give a current value of about £3,342,000.00, whilst a value of agricultural land including property at £7,500 per acre gives a value of about £4,177,500.
The catalogue for this important sale can be viewed here