The facts initially facing owners of properties such as golf courses are rather stark. The land at this particular course was worth maybe £2,000 to £3,000 an acre in its leisure use but, with potential to make £10,000 an acre, marketing as agricultural land made sense.
Allowing for the cost of restoration, we believed it had reasonable prospects of making at least £8,000 per acre. Private discussions with local farmers saw the property sold, exceeding the guide by a significant margin, with some additional sales around the edge to other buyers.
The original owner of the 230 acre Golf Club, near Royston, is delighted with the outcome. The club consisted of 185 acres of golf course, a reservoir,