A Suffolk estate with 77 acres of land and 16 let homes has hit the market with a guide price of £4m.

Kerrison Estate, which is being marketed by Savills and Lacy Scott & Knight, lies in the village of Thorndon, near Eye, in Mid Suffolk. Agents are expecting strong interest in the property.

The sale is described as a "unique opportunity" and "an exciting chance to  acquire a diverse number of assets in the heart of the Suffolk countryside".

(Image: GRAEME TAPLIN) Owners the Kerrison Trust decided to put the property on the market because trustees felt with the costs of upgrades and repairs rising, there were better ways to meet its charitable aim of helping young people.

The estate is being offered up in four lots with a guide price of £3.075m for lot 1 - consisting of 14 let homes set over five acres and planning permission for a further six three-bedroom houses. - four detached and two semi-detached.

(Image: GRAEME TAPLIN)

Lot 2, with a guide of £500k includes two semi-detached homes with nine acres.

Lot 3 has a guide price of £400k and contains 62 acres of pastureland abutting Clint Road and the River Dove. It is under a Higher Level Stewardship (HLS) scheme which runs until September 2028. Purchasers will be required to take on the agreement which nets an annual payment of £3,571.

Lot 4, with a guide of £25,000, is made up of half an acre of woodland.

Kerrison Estate has been divided into four lots (Image: Savills)

Alex Turner, of Lacy Scott & Knight, said: “We are delighted to be marketing the Kerrison Trust portfolio, which offers a unique opportunity for an investor to acquire a well-managed portfolio of 16 let residential properties generating in excess of £166,000 per annum together with further development opportunities, agricultural and amenity land extending to approximately 76.88 acres in all.”

William Hargreaves, who leads the rural agency team for Savills in Suffolk, said the sale represents a unique investment opportunity.

(Image: Savills/LSR) “Situated adjacent to the River Dove and extending to about 77 acres,  the Kerrison Portfolio presents potential buyers with an exciting chance to acquire a diverse number of assets in the heart of the Suffolk countryside, yet still within relative close proximity to the likes of Bury St Edmunds, Ipswich and Norwich.

"Offering 16 let dwellings with a total income in excess of £166,000 per annum – and with planning consent for a further six – the substantial residential portfolio is complemented by further strategic holdings and two parcels of grazing land which provide extensive environmental and biodiversity benefits.

(Image: Savills/LSR) "Altogether it represents a unique investment opportunity and we are expecting strong interest.”

Savills said - A significant residential portfolio of let property with extensive land and further strategic holdings representing an excellent investment opportunity.

(Image: Savills/LSR)