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Fifty Years On and Country Estate Values Have Soared

LONDON-With the country in Jubilee mood, new research by Knight Frank shows how UK land values have gone up 250 times in the 50 years since the Queen was crowned

By Charlie Jacoby | Updated on June 05, 2002

LONDON-Many things have changed during the reign of Queen Elizabeth II, but one trend which remains constant: the aspiration of many a wealthy individual to own a country house or estate. Over this 50-year period the value of such properties has undergone a meteoric rise.

Figures drawn from the Knight Frank archives show that in 1952, the year of the Queen’s accession to the throne, the average price being paid for a typical English country estate was in the region of £40 ($59) per acre. By 1977, her Silver Jubilee year, typical values had risen to nearer the £1,000 ($1,460) per acre mark. In the current market, a potential buyer might expect to pay around £9,250 ($13,540) per acre.

Frome House near Whitfield in Dorset is a classic example of the type of property to which many aspire. The Georgian country manor house, built in the late 18th century for a local landowner, lies within 11 acres of parkland which borders the river Frome. Mature gardens, a tennis court, paddocks and stables all add to the overall appeal. The house is currently on the market at a guide price of £1.5 million ($2.2 million), yet Knight Frank estimate, using comparable evidence, that in 1952 this property might have been expected to sell for just £1,750 ($2,560).

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