Published: 28/10/2024 By Mark Lewis
Symonds & Sampson held their ‘beat the budget’ auction on 30 October ahead of the announcements and reported a strong trade for land and bricks and mortar.Auctioneer Mark Lewis said, “ We thought a few buyers would fall away while awaiting to hear how the budget would affect them, but, although we missed a couple, most bidders were looking longer term and wanting to earn income rather than look towards capital tax planning.”
Auction partner Meredith Wallis agreed: “We had bidders from all over the south and East of England, and most were outbid by buyers within our region. The prices paid for agricultural land were particularly pleasing and show a great confidence in British farming.”
Notable prices
- Land in Dorset to £12,800 acre.
- Land in Devon to £10,451 acre.
- Land in Somerset to £11,320 acre.
- A terraced house in Kilmington, Devon - 40% above guide.
- A smallholding in Chardstock, Devon - 30% above guide.
- A cottage near Blandford - 7% above guide.
Symonds & Sampson have two more auctions in this calendar year – 15 November and 19 December. Entries are invited for the December auction and for a calendar of monthly sales throughout 2025. Enter by Wednesday to include your property in our final auction of 2024. For all the details, please get in touch with the Auction team (below).
