Speculation, problems and beauty spots top the auction best-selling list

Auctions offer a variety of different properties and Network Auctions’ online sale on 28th April was no exception. Raising a total of £4.3 million and a sales result of 78%, the sale showed how those properties with something a ‘little bit different’ attract the most attention.

A chocolate box cottage in a stunning location on the Dorset coast was always set to be a winner with the current staycation boom and desire to move to the country. Guided at £450,000+, the three-bedroom property in Chaldon Herring, achieved a 50% uplift selling for £672,000. Richard Worrall, auctioneer, said, ‘This lovely property had been in the same ownership for 47 years. The sellers provided a full description and itinerary of works carried out during their ownership. This kind of attention to detail is unusual and proved to buyers what a loved home this had been.’

However, problems do not always put bidders off – as the sale of Beechwood Avenue, Greenford displayed. The three-bedroom semi detached was an illegal conversion arranged as three flats which had a current enforcement notice in place to restore the property to a single dwelling from Ealing Borough Council. With a reserve at £340,000, the property attracted multiple bids and sold for £441,000.

But, the star of the auction room was a parcel of amenity land equivalent to 0.218 acres situated in an established residential area in Derriford, Plymouth. Despite no planning permission, and only speculative potential for development, the property exceeded all expectations attracting 40 registered bidder and 185 bids to achieve a sale price of £82,250 – 33 times it’s reserve!

Toby Limbrick, auctioneer, said, ‘Our latest auction has shown a solid performance with some outstanding prices achieved for happy sellers.’

Network Auctions next auction will be held online on 9th June. For more information www.networkauctions.co.uk

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