Homes under the hammer
HOMES came under the hammer at the latest auction of South West property, with sales progressing on almost 80 per cent of the lots entered.
The auction was held at Sandy Park Conference Centre and hosted by the Property Sharing Experts in conjunction with The Auction Agents.
Completion of the sold lots is now taking place and the successful bidders are collecting the keys to their new properties.
Successful marketing led to the sale of two of the lots, which were negotiated prior to the auction.
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A modernised apartment on the first floor of a seafront property in Dawlish, entered by Force & Sons, sold for £1,000 in excess of the guide price.
And the previous owners of Mysteria – a superb Grade II listed detached period property on the edge of North Tawton – are delighted with their sale through Stevens' in Okehampton, at £515,000. The property, with a range of barns and two thirds of an acre of land, sold for £90,000 over the guide price.
At the auction, bidding for a Victorian three-storey end-of-terrace cottage in need of substantial refurbishment started at £140,000 and progressed with bidders in the room to a final winning bid at the guide price of £150,000.
And there was plenty of interest in a first-floor flat on the sought after Middle Lincombe Road in Torquay with superb sea and coastal views.
Sales of three of the lots were negotiated after the event, to unsuccessful bidders on the night and one who couldn't attend.
Auctioneer Richard Worrall said: "The room wasn't packed on the night but everyone who attended had a genuine interest in one or more of the lots. Bidding was slow at times and it was frustrating that some of the final bids submitted were so close to the reserve prices.
"What is excellent though is that we were able to liaise with the unsuccessful bidders afterwards so we could negotiate with our vendors in order to tie up the sales, which are now going through and on track for completion in the next week or so."
For further information or to discuss selling your property by auction visit your local Property Sharing Expert estate agent. To find your nearest Property Sharing Expert estate agent, visit www.propertysharingexperts.com