Symonds & Sampson’s livestream property auction on 18 March 2021 returned a 100% success rate with lots sourced throughout Dorset and into East Devon.
Auctioneer Mark Lewis was pleased that everything went so smoothly “We are still getting used to the livestream auctions but we are now selling a lot of property, live and dead farming stock and fodder through this method and buyers are getting used to the format. We are also sourcing buyers from all parts of the UK and they like watching the auction online and bidding and is far more convenient than attending in person.
“The beauty of this method of sale is the exchange of contracts on the fall of the hammer and must not be confused with ‘conditional’ auctions whereby the highest bidder pays about £5,000 but does not always exchange contracts. This method, usually used by estate agents who do not have the skills to hold a proper auction, is receiving some very bad press.
“We sold three lots in Bath and Dorset prior to the auction and the highlights from the sale were:
Commercial: It was really good to have two lots from the commercial department and a unit for a local School flew through the reserve and sold at 56% above guide.
This parade of shops and flat sold 34% above guide.
Woodland in Devon attracted 100 interested parties, 30 registered bidders, 2 proxies and 3 telephone bids. The sale price was a huge 175% above guide!
Weymouth: Whenever we get a property in the town for auction we end up with a stunning result and this was an amazing outcome. 70% above guide.
Beaminster: After many false starts over the lack of a satisfactory EPC we included Strode Manor Cottage, a property subject to a protected tenancy but what a difference a few months makes and the sale price including 3 acres of woodland next door sold at 29% above guide.
Bridport: This was a typical last week interest and we ended up with a telephone bidder, 4 people watching on the internet and a proxy. The Victorian house sold for £250,000.
A house for renovation in Fifehead Magdalen in need of complete renovation was interesting with bidders competing from Brighton, York, Hampshire and Dorset. The eventual sale price was 20% above guide."
Entries are now welcomed for Symonds & Sampson’s auctions in May and June and of you have a lot please telephone Mark Lewis 01258 474266 or Meredith Holmes 01202 843190.