The entire North Yorkshire village that went on sale for £20 million over a year ago has finally found a buyer.
West Heslerton, near Scarborough, was listed on the market in April 2016. Spanning over 2,000 acres, the estate belonged to the Dawnay family for decades, but with no direct heir to its last owner, the family decided to part ways with the estate. There was certainly a lot to part ways with: the listing offered not just a 21-bed mansion, but 43 let houses and cottages, a playing field and sports ground, plus even a local pub. The overall estate is forecast to generate around £390,000 of rental income a year, which would mean the owner would start to make a profit after 51 years.
Very little has changed in West Heslerton over five decades, earning it the nickname “the village where time has stood still”. The chance to own it outright was enough to catch the Internet’s attention, not to mention spark a flood of enquiries from curious buyers. After an offer was made on the village last summer, it has now finally sold – and for more than its asking price.
Estate agent Cundalls confirmed to Business Insider that the Malton village was purchased by investment firm Albanwise, which has other real estate assets in London and the home counties.
“Cundalls received substantial interest in the sale of West Heslerton Estate and a number of offers in excess of the guide price were received with an offer from Albanwise Ltd being the successful purchaser,” confirmed Cundalls director Tom Watson, who handled the sale.
As for the final sales price, Watson remained tight-lipped.
£20m Yorkshire village now under offer
23rd August 2016
An offer has been made on the £20 million Yorkshire village that was put up for sale earlier this year.
West Heslerton, near Scarborough, came on the market in April 2016, offering buyers a 21-bedroom mansion, no fewer than 43 let houses and cottages, over 2,000 acres of farmland, a playing field and sports ground – plus a pub in which to recover after agreeing to buy the whole thing. Estate agents said they were “inundated” with enquiries at the time, but now, the village is officially under offer.
The village was owned by the Dawnay family for decades, but with no direct heir to its last owner, Eve Dawney, estate agent Cundalls listed the whole estate on the market.
“It is correct that it is under offer and it has been for some time now. There was a lot of interest from many different buyers, but we cannot say any more at this stage,” Tom Watson, the director of Cundalls, confirmed to The Guardian this week.
“Historically, we have dealt with many estates, but for the past 20 to 30 years, this is our biggest sale.”
For sale: The Yorkshire village where time stood still
6th April 2016
Your dream opportunity to own an entire Yorkshire village has finally arrived.
West Heslerton, near Scarborough, has been put up for sale. The £20 million price tag might sound like the stuff of far-fetched, fanciful thinking, but the estate has already attracted a wave of attention across the UK and further afield, with estate agents telling the local press they have been “inundated” with enquiries.
The village certainly gives you a lot of bricks for your buck, with the whole listing including a 21-bedroom mansion, no fewer than 43 let houses and cottages, over 2,000 acres of farmland, a playing field and sports ground – plus a pub in which to recover after agreeing to buy the whole thing.
West Heslerton has been owned by the same family for decades, but following death of its last owner, Eve Dawnay, who had no direct heir, estate agency Cundalls has listed the property on the market.
“Miss Dawnay’s benevolent management of West Heslerton has meant very little has changed among the rented cottages for 50 years,” reports the Yorkshire Evening Post, which has earned West Heslerton the moniker ‘the village where time has stood still’.
Tom Watson, director of Cundalls, told the newspaper that the family wants to sell to someone with the same philosophy towards the village’s residents. Indeed, property rents are “very low”, with the aim of encouraging a “vibrant village community” for people of all ages.
“It would be perfect for somebody wanting to build up and leave a legacy,” Watson adds. “The estate has been very much untouched in the past 50 years and is now a blank canvas, ready to be shaped for the next generation.”
“Of course, there can be no denying that the estate is also going to be very attractive to developers and investors,” he notes, admitting that there are “endless possibilities” for building plots and commercial opportunities, but “in an ideal world Miss Dawnay’s family would really like to see the estate carry on in a similar vein”.
The agents say they have already had an “incredible” amount of interest in the unusual sale, with the phone ringing “off the hook”.