A "unique" Norfolk property containing a former fishing lake and "environmentally significant farmland" has hit the market with a guide price of around £800,000.

Sales agents at Cruso & Wilkin are marketing 88 acres comprising a lake, grassland and woodland in a "quiet and unspoilt location" at Longham, near Dereham.

They said it was a "rare opportunity" to acquire land with "various natural capital opportunities", as well as the potential for a fishing syndicate or diversification project.

Adam Case, a partner at the Cruso & Wilkin office in Hillington, near King's Lynn, said he expects interest from anglers, but also potentially from development firms or companies looking to offset their carbon footprint or nature impact.

While not currently included in any environmental schemes, the firm says the land lends itself to carbon offsetting initiatives such as "nutrient neutrality" rules, which aim to stop increased water pollution from new building projects.

It could also be used for biodiversty net gain (BNG), defined by the government as "a means to contribute to the recovery of nature while developing land" - requiring developers to mitigate against the loss of any wildlife habitats by recreating them either on-site, or off-site, such as by owning nature-rich land or buying "biodiversity units" from other land managers.

The property is being offered for sale as one complete plot, or in two lots.

The first lot comprises almost 40 acres of lake, grassland and established woodland. The lake has previously been stocked with fish, and the land lends itself to a variety of alternative uses, subject to planning consent, says Cruso & Wilkin.

"This provides scope for diversification, a fishing syndicate and biodiversity net gain or nutrient neutrality opportunities," says the agency.

Meanwhile, the second lot has more than 48 acres of grassland which has been divided into three fields with established hedgerow boundaries.