Bidders from Europe and America push up auction prices

Mark Lewis
By Mark Lewis

October 2020

Symonds & Sampson’s eighth online/ livestream auction was a ‘sell out’, demonstrating once again the firm’s impressive capacity to take their properties to a global audience

Bidders from Europe and America push up auction prices

Ross Willmington, Partner in the firm’s Devon office said ‘We received a huge amount of interest in the lots not only from people within the region but also London, Home Counties, the Eurozone and America. We were not surprised because we had lots that had not been marketed for 60 years and a unique parcel of land on the Jurassic coast’.

Auctioneer Mark Lewis added ‘I always know that the property auctions organised by Ross and his team will be a success and this was no exception. A semi – detached cottage set in half an acre in Hawkchurch, near Axminster sold for £302,000 - 20% over guide, whilst a former scrap yard, which possibly had sui generis use, sold at 214% above guide. A one-acre paddock in the same area sold for £92,000, an astonishing 268% above guide.

One of our more unique lots was at Burton Bradstock on the Jurassic world heritage coast. In 1940, 28,000 historic pillboxes were built in Britain, and 2 of only around 6,000 surviving today lie within the 36 acres of arable and pasture land. It is in a lovely position overlooking Chesil Beach and attracted huge interest.

The guide of £300,000 was soon exceeded and after frenetic bidding online and by telephone, the hammer fell at £455,000 - 40% above guide. A rather lovely tale unfolded as we discovered that the grandfather of an American online bidder had been posted near Chesil Beach during WWII.

Symonds & Sampson’s next auction will be on 23 October and they are taking entries for November and December. Sales will also be held in January, February and March, so if you’d like to discuss this method of sale for your property during the stamp duty holiday, please contact Mark Lewis 01258 474266

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