An entire Nottinghamshire village – the UK’s last remaining feudal village, no less – is up for sale for £7 million. What’s more, it comes complete with a lordship.
So, for those who have always fancied becoming Lord or Lady of the manor, this is the perfect opportunity.
Laxton Estate in Nottinghamshire, which dates back to 1066 and still employs the medieval strip farming system which was once widely used across the UK, consists of seven working farms, 10 cottages, a visitor's centre and a pub.
The 1,845 acres (746.6 hectares) freehold site, which is being sold by Carter Jonas, also includes 525 acres of unenclosed open fields, producing more than £230,000 per year in revenue. It is also described as being of ‘significant educational and curatorial interest’. Wheat and cereal is still farmed here in the traditional way.
Each of the 17 farms has a red brick farmstead and the right to work the land within the open field system under Laxton Court Leet, an ancient manorial court with legal status as a court of law. The manor, which is nestled in Nottinghamshire’s rolling countryside and has altered little since a 1635 map of the village, held in Oxford’s Bodleian library, was drawn by hand, has been owned by the Crown Estate since 1981.
A spokesperson for the Crown Estate, which manages the royal portfolio on behalf of the Treasury and owns £14 billion worth of real estate across the country, said: “As a commercial real estate business we recognise we may not be best placed to manage the estate moving forwards and have therefore reached a decision to sell.”
Any prospective buyers must abide by strict stipulations to preserve the historic village for future generations, with the University of Nottingham and Nottingham Trent University both reportedly interested in helping to maintain the uniqueness and history of the village.
"The Laxton estate is a unique asset that preserves an important part of Britain’s agricultural heritage,” the Crown Estate added in a statement.
"Our focus will be on finding an appropriate purchaser who values Laxton’s unique role and history and who is fully committed to preserving it for the future. As we progress our work to find a suitable owner for the estate, we’ll continue to work closely with local tenants and interested stakeholders, to keep them informed."