Farmers flock to Devon property auction

Mark Lewis
By Mark Lewis

October 2019

Symonds & Sampson held their 3rd property auction of the Autumn in Axminster on 10 October, attracting a large crowd of local, regional and national buyers as 12 lots went under the hammer.

Farmers flock to Devon property auction

Partner Ross Willmington said “We expected a large gathering mainly because there had been much interest during the run up to the sale.   Since launching the catalogue, people have been enquiring about properties and speculating about the prices that might be achieved - and who we expected to bid for the lots.  Buyers from London and outside the locality were the unknowns and prices were pushed up as a result.

Notable prices achieved were:

Seaton

  • A detached house standing in a large garden with a potential for 7 houses selling for £635,000 (10% above the guide)
  • A house for complete renovation (main picture) selling for £192,000 (10% above guide)

Shute

  • A bungalow set in a large garden with extensive outbuildings selling for £210,000

Dalwood

  • Land that had been in the same family for over 200 years was sold in various lots, all fiercely contested with prices achieving between £10,500 to £16,800 per acre, with the most popular lots selling for 68% above guide.

The Devon auction was Symonds & Sampson's third auction in three weeks.  Having sold property in Dorset, Somerset and Wiltshire, auctioneer Mark Lewis was delighted with the results: “Considering the political uncertainty, we are thrilled with the prices achieved and interest generated.  He estimates that over 700 people attended the 3 sales - some of course out of curiosity, but many were there to buy.  Invariably this leaves ready and willing potential purchasers disappointed.

Notable Results from across the region include: 

Houses for renovation

  • A cottage in Winterbourne Kingston selling for £130,000 (44% above guide)
  • A detached house in Bournemouth selling for £342,000 (37% above guide)
  • A flat in Wimborne selling for £130,000
  • A cottage in North Dorset with lovely rural views selling for £225,000
  • A house in Somerset selling for £295,000

Investments

  • A shop in Salisbury with flats above selling for £215,000 (72% above guide) 
  • a freehold site subject to a 15-year lease selling for £200,000 (30% above guide)

Development sites

  • A site for one house in Bere Regis selling for £132,000 (32% above guide)
  • a barn near Gillingham selling for £66,000
  • A wonderful site for a 2,500 sq ft house selling for £298,000 
  • A former chapel at Maiden Newton selling for £120,500

Land and unique lots

 

  • A run-down former officer’s billet overlooking the chalk badges in Wiltshire (above) selling for £32,000
  • an orchard near Dorchester selling for £40,000 (100% above guide) 
  • a boat deck in Weymouth selling for £50,000

Symonds & Sampson are inviting entries for their final auction of the year to be held in Sherborne on 6th December, and planning the 2020 diary of sales.  Please contact Mark Lewis on 01258 473766 to discuss whether selling at auction could be for you. 

 

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