Lucky Friday 13th for Symonds & Sampson

“Putting together an auction with competitively priced lots is the key to a successful auction and often the best way to value a property is to let the bidders in the room decide what the price should be”.

Lucky Friday 13th for Symonds & Sampson

We held two property auctions on successive days in Devon and Hampshire in early April with a 100% success rate.

Auctioneer Mark Lewis reports “We had our usual eclectic range of lots and they attracted a great deal of interest with about 500 people attending the 2 days resulting in some very strong bidding and prices.

“Putting together an auction with competitively priced lots is the key to a successful auction and often the best way to value a property is to let the bidders in the room decide what the price should be”.

Ross Wilmington a partner based in Axminster commented “I cannot remember the last time we received so many telephone calls about so many different matters. We ended up with a number of telephone and proxy bids with 3 proxies to execute on one lot so we were busy!”

Notable prices on 12 April
A Methodist Church in Axminster (pictured) with a guide of £125-150,000 surpassed all expectations and the hammer quickly fell after just 26 bids at £234,000.

Two lots of land at Membury East Devon and Netherbury near Bridport both made £46,000 (£27,000 acre and £19,000 acre respectively) whilst 7 acres of pasture at Chardstock sold for £50,000.

2 good parcels of land at Offwell near Honiton proved very popular with the 52 acres selling for £377,000.

The most interest, however, was reserved for 6 acres of woodland and pasture at Eype Down just outside Bridport. This land enjoyed views over Eype Down towards Golden Cap and also over the Marshwood Vale. The guide of £35,000 was soon reached and the lot sold for £72,000 (£11,000 acre)

The next day was the potentially inauspicious Friday 13th but it proved to be far from that when we set up our rostrum near Ringwood Hampshire.

Tim Hale from Symonds & Sampson’s Salisbury office said “The sale room was overflowing with bidders and the car park was so full auction goers abandoned their vehicles on the dual carriage way. The amount of people at the sale proved to be a very good omen with a tremendous trade for all lots”.

The highlights were:
Garages at Hinton Martell £31,000 (138% above guide)

Development site at West Moors Ferndown £292,000 (94% above guide)

Development site at Wimborne £142,000 (77% above guide)

A shop in Poole sold for £115,000.

Lightfoots Farm at Sway Lymington Hampshire was extremely popular. Part of the farm had been marketed by another estate agent for 30 months but they had failed to sell it. Symonds & Sampson had no difficulty, however, and the 34 acre small holding was divided into 5 lots selling for £1.1 million (35% above guide)

We hold monthly property auctions and welcome lots throughout Dorset, Somerset, Hampshire, Wiltshire and Devon.

Please contact Mark Lewis 01258 473766 for further details

 

 

 

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