Historically, residential properties on country estates were often seen as a financial burden. Rents were low and derelict cottages were left to fall down.
Today, the scene could not be more different. Estate properties make up a significant proportion of rural housing, particularly in the more remote parts of the country, and are increasingly appealing to those on medium to low incomes who wish to live in rural areas. For others, the opportunity to live in a property that would never be for sale is hugely appealing.
Benefits to rural living
Estate properties come in all shapes and sizes, and offer privacy and views that can be hard to buy. A good number are located on estates that provide facilities for the local community, including schools, village pubs, recreational land and shops.
Many estates have embraced the growing popularity of working from home by investing in or supporting the installation of high-speed broadband. Equally, some now offer tenants the opportunity to take on separate premises nearby for work purposes: traditional estate buildings are often converted into modern offices or workshops which can provide a base for a wide variety of businesses.
Not surprisingly, estate-owned properties in good order get snapped up quickly. Demand has also helped boost average annual rents to just under £9,000. You could rent a seven-bedroom manor house on an estate for about the same monthly rate as a two-bedroom flat in London SW1.