Our auctioneers enjoyed another successful day’s work under the hammer despite the gloom cast by the Government’s mini Budget.
Auctioneer Justin Lowe MRICS, who conducted the sale, reported that buyers were sanguine and saw the merits of purchasing and investing in West Country property.
Up first was a very unusual opportunity at Upottery, Honiton - the definition of a “hidden gem” - a two-bedroom log cabin set within half an acre of secluded woodland. The property, in an excellent location with far-reaching valley views and the potential for modernisation or a re-build subject to the necessary consents, proved an attractive proposition to many bidders.
The vendors had lived in the property for 40 years, having re-located from Essex to live out their rural dream breeding budgies.
Unsurprisingly this unique property created a wide range of interest from eager would-be buyers, with the hammer finally falling at £360,000.
Less romantic, but creating a great deal of local interest, was a useful workspace at East Street, Ilminster. The garage, with workspace above, went to a local buyer who intends to use the premises as his artist’s studio. The property sold for £69,000.
A former chapel, Beulah House, Seavington St Mary, which had come to the market for the first time in 55 years went under the hammer at £340,000.
Finally Downside, a landmark historic building in North Street, Langport, requiring complete modernisation, but with the potential to create a stunning residence sold for £150,000.
The next property auction will be on Wednesday 26th October at the Shrubbery Hotel, Ilminster, from 2pm. View the auction lots here and for more information please contact the Yeovil office on 01935 423474.