Strong interest in East Devon properties and land
October 2011
Despite the ongoing difficulties being experienced within the wider economy, Will Handel from Greenslade Taylor Hunts Honiton Office reports a successful auction of property and land in East Devon.
The auction comprised 5 Lots, with two having been sold prior to auction, and included three residential properties requiring modernisation in addition to agricultural land and resulted in a packed auction room and competitive bidding.
First on offer was Fieldhead at Luppitt which comprised a 2/3 bed bungalow requiring updating which having been guided at £225,000 was eventually sold after keen bidding for £293,000.
Blue Anchor at Payhembury comprised a period detached 2 bed cottage also requiring general updating and offering scope for alteration and/or addition which was marketed with a guide of £225,000 and sold for £250,000.
Beechcroft at Southleigh, a 2 bed woolaway bungalow requiring much updating and subject to an Agricultural Occupancy Condition sold for £100,000.
The land was keenly contested providing further evidence that the demand for good agricultural land remains strong. Considerable interest prior to the auction resulted in two lots being sold before the auction whilst on the day 4.49 acres sold for £38,000.
Will Handel, in the firms Honiton office commented ‘the auction system continues to be popular with vendors and purchasers alike, and for the right property with the correct marketing is a highly effective method of sale. Properties requiring updating and modernisation continue to be keenly contested whilst the land market has shown no signs of easing".
The Honiton Office are now taking entries for their Collective Property Auctions for 2012 and for a free market appraisal or to discuss the suitability of your property for auction please contact Will Handel on 01404 46222.