Buyers in France and Vietnam Push Prices at Dorset Auction

Mark Lewis
By Mark Lewis

October 2017

Sherborne Dorset was a very busy part of the world on Friday 27 October as buyers from all over the south of England descended on the town for Symonds & Sampson’s latest property auction.

Buyers in France and Vietnam Push Prices at Dorset Auction

15 lots were offered in the room with a 94% success rate cementing Symonds & Sampson’s position as the leading firm of property auctioneers in the region. There were a record number of telephone and proxy bids from people who could not make the auction in person.

Results:

Agricultural land: 

4 parcels were lotted at Frome Vauchurch near Maiden Newton and averaged £13,700 acre.

Land with potential:

A small parcel of land at Stourpaine near Blandford with potential for a dwelling sold for £65,000.

Investments:

A shop and offices close to the centre of Weymouth, with a rent roll of £21,000, sold for £253,000 (8.3%) and a residential buy to let in Christchurch sold for £98,000 (7%) whilst a shop and flat in Stalbridge sold for £260,000.

Renovations:

Selling mainly for deceased estates 15 Arnewood Road Bournemouth sold for £365,000, 21% above guide, whilst another property in the same borough, guided at £395,000, sold prior to auction.

A detached farmhouse set in 1 acre and on the market for the first time in 50 years sold for £375,000 and a large property in the centre of Weymouth sold after auction.

The most interest, however, was reserved for 2 School Cottages West Stafford. There were over 200 viewings, 100 people registered for the legal packs and 61 people downloaded or read the legals. Guided at £90-100,000 the bidding rose very quickly with, sometimes, 10 bidders with their hands up at any one time. After 53 bids the hammer fell at £220,000, 244% above guide.

Symonds & Sampson’s next auctions are on 30 November in Devon and 8 December in Sherborne.

Entries are now invited for the sales in 2018 please contact Mark Lewis 01258 473766.

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