Rural Partner Matthew Peters said the sale – working out at £12,500 an acre – would raise eyebrows across the region but warned neighbouring land would not necessarily register such a steep increase in value.
He said: “A number of local farming businesses were competing to get hold of this land to extend their own acreages for farming rather than development.
“A similar plot just ten miles down the road might have only made half that. We are stressing to people these figures are very location specific.”
The auction, held at the Prescott Hill Climb Clubhouse near Cheltenham on Wednesday, was expected to provide a barometer for agricultural land values across the Three Counties.
Matthew said: “The auction itself was over in around five minutes with seven bids made confirming my belief that although supply is generally flat or falling many farmers are looking to expand and invest.”
The 88.6 acre site lies between Teddington and Alstone.