Almost 220ac of land at Eldon Moor Farm in County Durham has come to the market by rural land and property company GSC Grays.

The parcel of Grade 3, primarily arable land is split into two tons and has a information worth of £1,910,000. Lot 1 (106.12ac) is priced at £950,000 and Lot 2 (113ac) is priced at £960,000.

Eldon Moor Farm is located to the north of the village of Middridge, between Newton Aycliffe and Shildon in County Durham, roughly eight miles south of Durham.

Eldon Moor Farm. Photographs: GSC Grays

The property company stated the land provides a chance for use for nitrate offsetting because it falls throughout the Tees Valley catchment.

Head of farm gross sales at GSC Grays, John Coleman, stated the company has valued the land for agricultural use, but additionally expects “severe curiosity” within the 1,800 nitrate credit which may very well be gained from the land.

“That is an rising market, and it will likely be fascinating to see what worth the market places on this chance particularly in mild of the restricted variety of credit lately auctioned by Pure England at £1,825 per credit score and for which I perceive there was vital demand.

“Nitrate offsetting may very well be delivered by land use or administration modifications that scale back the vitamins getting into a watercourse by wetland creation, woodland planting or arable reversion.”

The land is at the moment sown to Winter OSR, with every discipline having a 6m grass margin. It options 4 ponds of various sizes, that are “naturally stocked with trout and perch”, GSC Grays stated.