Mr. Darcy’s Ten Thousand a Year
24th July 2019
If you’re an Austen fan, you’ll know what that means.
The rule of thumb for agricultural estates was 1 pound per acre, so 10,000 a year would be an estate of 10,000 acres (more or less). At the other rule of thumb (agricultural land was conventionally valued at ’20 years purchase’ or %5 return), this means a capital value of 200,000 pounds.