Record Prices for Land and Development Options
July 2022
Greenslade Taylor Hunt’s auction team were overwhelmed with the interest received at their latest sale at the Shrubbery Hotel, Ilminster. A large crowd, the majority of whom were active bidders, attended the auction to witness record prices for land and development opportunities throughout Somerset and Dorset.
Auctioneer Justin Lowe, said: “I was delighted with the reception and interest which despite the move in the economy at the moment proved that there is considerable interest for land and development opportunities in this part of the West Country.”
The auction commenced with a delightful block of amenity land at Horton, near Ilminster, extending to 5.5 acres which created considerable interest and the hammer finally went down at £129,000 (£23,700 per acre).
Two attractive parcels sat in the centre of Exmoor near the village of Withypool, Minehead attracted equally keen bidding with the first block of 1.41 acres achieving £72,000 (£51,063 per acre) and the second block of 0.88 achieving £46,000 (£52,272 per acre).
A larger block of more commercial land extending to 35 acres or thereabouts at Clatworthy finally went under the hammer at £290,000.
An unusual potential development opportunity was sold at Tincleton, near Dorchester, including a block of 7 acres with outbuildings together with a railway carriage with a Certificate of Lawful Use – meaning it can be lived in full-time. This attracted considerable interest and the hammer finally went down at £325,000 to a Dorset buyer.
A delightful development opportunity of a former chapel at Hambridge, near Langport, attracted spirited interest despite being caught up in the planning process backlog created by the phosphates issues on the Somerset Levels. A planning application has been submitted to convert the building into a two-bedroom home. It went under the hammer at £180,000 - £80,000 above the pre-sale guide.
A redevelopment opportunity at Aller, Langport, comprising a cottage in need of full renovation with a delightful garden and orchard area extending to 0.7 acre achieved £176,000.
A further development opportunity in Upper High Street, Taunton comprising a former public house requiring complete renovation sold for £100,000.
An attractive block of 0.48 acres of land in the village of Creech Heathfield, Taunton, with hope value for residential development one day, attracted considerable interest and finally sold at £88,500 (£184,375 per acre).
A two-bedroom bungalow requiring complete renovation sold at £250,000 at Spaxton, Bridgwater, after spirited bidding.
Greenslade Taylor Hunt’s, Auctioneer Justin Lowe, said: “I was delighted with the reception and interest which despite the move in the economy at the moment proved that there is considerable interest for land and development opportunities in this part of the West Country.”
The next auction will be held on Thursday, July 21, at the Shrubbery Hotel, Ilminster. For full details please contact the auctioneers on 01935 415300.
Auctioneer Justin Lowe, said: “I was delighted with the reception and interest which despite the move in the economy at the moment proved that there is considerable interest for land and development opportunities in this part of the West Country.”
The auction commenced with a delightful block of amenity land at Horton, near Ilminster, extending to 5.5 acres which created considerable interest and the hammer finally went down at £129,000 (£23,700 per acre).
Two attractive parcels sat in the centre of Exmoor near the village of Withypool, Minehead attracted equally keen bidding with the first block of 1.41 acres achieving £72,000 (£51,063 per acre) and the second block of 0.88 achieving £46,000 (£52,272 per acre).
A larger block of more commercial land extending to 35 acres or thereabouts at Clatworthy finally went under the hammer at £290,000.
An unusual potential development opportunity was sold at Tincleton, near Dorchester, including a block of 7 acres with outbuildings together with a railway carriage with a Certificate of Lawful Use – meaning it can be lived in full-time. This attracted considerable interest and the hammer finally went down at £325,000 to a Dorset buyer.
A delightful development opportunity of a former chapel at Hambridge, near Langport, attracted spirited interest despite being caught up in the planning process backlog created by the phosphates issues on the Somerset Levels. A planning application has been submitted to convert the building into a two-bedroom home. It went under the hammer at £180,000 - £80,000 above the pre-sale guide.
A redevelopment opportunity at Aller, Langport, comprising a cottage in need of full renovation with a delightful garden and orchard area extending to 0.7 acre achieved £176,000.
A further development opportunity in Upper High Street, Taunton comprising a former public house requiring complete renovation sold for £100,000.
An attractive block of 0.48 acres of land in the village of Creech Heathfield, Taunton, with hope value for residential development one day, attracted considerable interest and finally sold at £88,500 (£184,375 per acre).
A two-bedroom bungalow requiring complete renovation sold at £250,000 at Spaxton, Bridgwater, after spirited bidding.
Greenslade Taylor Hunt’s, Auctioneer Justin Lowe, said: “I was delighted with the reception and interest which despite the move in the economy at the moment proved that there is considerable interest for land and development opportunities in this part of the West Country.”
The next auction will be held on Thursday, July 21, at the Shrubbery Hotel, Ilminster. For full details please contact the auctioneers on 01935 415300.