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Spirited Bidding Sees Land Hit £100,000 Mark

March 2022

Auctioneer Justin Lowe, of Greenslade Taylor Hunt,was delighted to return to the auction room, with the opening property auction of the year held at The Shrubbery Hotel, Ilminster, – the first time the firm was at the hotel since December 2019.

An enthusiastic audience and a large number of internet and telephone bids saw a comprehensive range of properties, including residential, development, agricultural and commercial opportunities, sell across three counties.  

Highlights of the sale included:

A small block of land with an agricultural building at Middlemarsh, near Sherborne, selling on behalf of Dorset Council with a guide of £55,000 but going under the hammer at £101,000 after spirited bidding from a range of buyers across Dorset.

An excellent development opportunity at High Ham, Langport, saw the hammer fall at £405,000 to a Somerset developer.  

A residential renovation opportunity at Mill Street, Martock, guided at £160k finally went under the hammer at £194,000.  

A smallholding at Membury, Axminster, sold at £400,000 with an adjoining five acre paddock selling for £68,000 to local buyers.

And lastly, a former meeting hall in Yeovil go under the hammer at £160,000 to a local developer.  

Justin Lowe MRICS reported that a good crowd showed that people now have the confidence to return to the auction room, and the market for all property in this part of the Westcountry appears to be robust at present with a continuing under supply.  

Greenslade Taylor Hunt’s next auction will be conducted on Thursday, 21st April, at the Shrubbery Hotel, Ilminster, Somerset TA19 9AR , where there will be a range of agricultural, residential, equestrian and development opportunities. View the lots here.

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