In a recent blog, we wrote about the historic Sutton Hall Estate, near Woodbridge in Suffolk, going on the market for the first time in more than a century for the guide price of £31.5 million. Less than four months after being listed for sale, the estate – which comprises an eight-bedroom Georgian house, two barns and eleven further properties situated on over 2,000 acres of land – has now been bought by a businessman landowner for a figure “well in excess” of its guide price.
Another prestigious East Anglia estate – Lodge Farm, Gasthorpe in South Norfolk – has also sold, after being put up for sale in April this year. Formerly part of the Riddlesworth Estate, it comprises over 1,000 acres with a mix of arable land, commercial and amenity woodland and pastures, located close to the Little Ouse River. Lodge Farmhouse itself dates back over 300 years, and features six bedrooms and three receptions. Also located on the estate are the five-bedroom Lodge Farm Cottage, a barn and other outbuildings. The estate sold by private treaty for around £9.5 million.
Sutton Hall Estate, meanwhile, offers the new owner not only a Grade II-listed main house and other outbuildings, but also stunning formal gardens and more than 3.5 miles of river frontage on the banks of the River Deben, complete with a private quay. In total, Sutton Hall encompasses 2,170 acres of land, which includes 1,432 acres of arable farmland, 375 acres of woodland, 243 acres of parkland and grazing land, as well as a sporting shoot.
Prior to the sale, the estate had been in the Quilter family since the late 1800s, when it was bought by Liberal MP Sir Cuthbert Quilter, who was a noted art collector, as well as one of the original founders of the company that would eventually become BT. The most recent owners, Sir Guy Quilter and Lady Jenny Quilter, extensively renovated and modernised the estate since taking over its running in 1992.
George Bramley, a partner at property agents Knight Frank, said: “Sutton Hall is one of the biggest residential sales for quite some time and the fact it has exchanged and completed is a good indication of the market. This estate has good quality land and a beautiful position with a river frontage and a Grade II listed house at its centre. The fact it has sold so quickly – and we had other bidders – makes it a landmark sale.”
The new owner is not originally from East Anglia, but apparently has links to Suffolk. It is not known whether the purchaser will be using the estate as their home.