£14M of property sold at auction
Leading auctioneers Greenslade Taylor Hunt sold more than £14M worth of property at specialist sales last year.
The firm was founded on the art of auctioneering and has a proven track record in this type of sale conducting numerous property auctions throughout Somerset, Dorset and Devon each year.
The high profile sales attract local, regional and national clients who are keen to benefit from the firm’s professionalism and in-depth market knowledge.
Property auctions remain a popular – and successful mode of sale. Their convenience and speed appeal along with the evidence that a higher price can often be achieved in the heat of the auction room than by private treaty sales.
For example a detached cottage requiring renovation at Crickham, near Wedmore, went for £470,000 last year from a guide of £250,000-£300,000.
Pre-sale marketing helps to create a “buzz” around a property and the whole process can help maximize a sale prior to auction. A period village cottage requiring renovation in Kents Orchard, South Chard, was a prime example of this. It was guided at £80,000, but sold prior to auction for £110,000. Equally popular was a detached cottage at Ilminster. It was guided at £150,000, but was snapped up prior to auction for £195,000.
Meanwhile an equestrian unit with 16.57 acres including stabling and gallops at Wedmore bested its guide price of £150,000 and went for £180,000 at auction.
Land sales are an important part of the property auction business too. Last year 4.77 acres of pastureland at Buckland St Mary achieved £60,000 from a guide of £25,000.
Similarly 9.48 acres of pastureland at Othery achieved £72,000 from a guide of £55,000.
A diverse range of properties from houses and Grade II listed buildings, to farms and smallholdings, are all offered by the firm, at regular property auctions.
The next auction takes place at The Castle Hotel, Taunton, on Tuesday, March 4, from 2.30pm where 10 lots are on offer. A property auction will also take place at The Shrubbery Hotel, Ilminster, on Tuesday, March 25 with nine lots. For up-to-date details on the auctions see www.gth.net
In the current market, selling by auction is an important and attractive method of sale.
If you are considering a sale by auction please contact: Justin Lowe MRICS (Yeovil office) tel: (01935) 415300 or email: firstname.lastname@example.org, Charles Clark M.A (Cantab) MRICS FAAV (Chard office) tel: (01460) 238383 or email: email@example.com or Jeremy Bell FRICS, FAAV, IRRV, FARLA, FLAA (Burnham-on-Sea office) tel: (01278) 765588 or email: firstname.lastname@example.org.
The firm also holds regular, successful livestock, agricultural machinery and antique auctions.