Dubai Bidder telephones to buy at our Latest Auction
We drew a truly international audience to our 17 March auction with bidders attending from London, the Home Counties and throughout the south of England as well as telephone bidders in Austria and Dubai.
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The catalogue was typically varied with lots throughout Dorset, Somerset and Hampshire including cottages to renovate, building plots, possible developments and investments.
It was the first auction of the year for auctioneer Mark Lewis “The intensive marketing campaign in the regional papers together with the strong presence on the internet encouraged buyers to view the properties and we had to ration some appointments as there were just too many people who wanted to look.
Houses to improve included 69 St James in Shaftesbury with planning permission to improve selling for £185,000 to a buyer in West Sussex, Denby in Stalbridge bought by a local family for £211,000 and Foxcroft Drive in Wimborne which sold for £325,000.
White Roses on the Leweston estate received very strong press coverage having been owned by the Rose’s cordial family in the 1940’s. The house had been occupied by staff employed at the school and was set in a wonderful position. There was good interest in the property and it sold 12% above guide at £560,000.
Weymouth is becoming a particularly popular area for auction lots and a bungalow in Broadwey was no exception. The guide of £250,000 was easily exceeded and the hammer fell at £356,000, 42% above guide. A building plot in the town sold before auction.
The most interest was reserved for a semi-detached cottage in Motcombe near Shaftesbury. The cottage had not been occupied for 8 years and needed complete refurbishment and was the subject of an improvement order from Dorset County Council.
We conducted 128 viewings and 480 legal documents were downloaded so we expected a strong sale especially as the owner did not want to put an uplift on the garden which would have watered down any bonus a buyer may have enjoyed if they had gained planning permission.
It was little wonder, therefore, that the guide of £150,000 was easily exceeded and after 50 bids the gavel fell at £322,000, 116% above the guide.
It was an exciting end to a very good day and we look forward to our next auctions on 30 March and 28 April”.
Entries are welcomed for our May sales to Mark Lewis 01258 473766