Farmland near Saffron Walden in Essex has hit the market with a price tag of £3.1m.

The "attractive and productive" 307 acre plot of Grade 2 arable land is at New House Lane, Ashdon.

Land agent Cheffins said the ring-fenced block is capable of producing high yields of combinable crops and lies either side of New House Lane with road access to many of the parcels.

It is in arable cultivation on a rotation of cereals and sugar beet. Land drainage has been installed with a water storage tank connected to an underground water supply.

It also has opportunities for environmental enhancement, with a combination of small farm ponds, woodland spinneys and mature hedgerows, said Cheffins.

A small area of woodland is registered as an Essex County Wildlife Site and as Ancient Woodland.

East Anglian Daily Times:

Cheffins joint managing partner Simon Gooderham said: “The land is being sold on behalf of a local farmer who is looking to consolidate his land ownership.

"As well as being an attractive parcel of productive land, the environmental credentials of the block will also make it attractive for those looking to make the most of environmentally led grant funding options, or even carbon offsetting on a larger scale.

"All in all, this is a great opportunity for other local farmers, agribusinesses, or investors to acquire a good sized block  of  arable land.

"The land market has been characterised by a severe lack of stock over the past few years, with average prices now reaching circa £10,500 - £11,000 per acre.

"While stock levels have been down, demand has increased from farming buyers buoyed by rollover money, investors looking for a profit-driven asset which will also see significant capital growth and also environmental purchasers and developers."

The land is currently in a mid-tier Countryside Stewardship agreement and is offered freehold with vacant possession.

Ashdon lies 3.5 miles east of the thriving market town of Saffron Walden and 16 miles south of Cambridge.