A once highly esteemed building company has instructed Network Auctions to begin the sale of its final land assets in its 5th December property auction.
Eleven plots of land will be sold under the hammer with guide prices starting as low as £1000. Toby Limbrick, Director said: ‘This is a hugely exciting opportunity. In the main, they’re the residue of housing estates that were built many years ago. We expect quite a few investors and speculators to see the real potential in some of these lots and who may be able to squeeze a dwelling in. They are all super attractively priced – 8.5 acres in Christchurch is £25k+, 2.84 acres in Stevenage is £10k+ and both have real opportunities to gain planning on verges and odd parcels within the titles.’
Davis Estates rose to fame in the late 1930s for designing and building spacious council houses on pleasant estates with parks and broad walks. In the 1940s through to the 1970s, they exhibited their fully-constructed show houses at the Ideal Home Exhibitions and a number of films were made about their work. Davis Estates are fondly remembered by generations of home owners and first council house residents. In fact, a toy model of a Davis Estates truck was sold recently by auction to a bidder in America for $8,000!
Richard Worrall, director, said: “This is the first number of plots going to the auction room, we have been instructed to sell more, which we will release into the auction room over the next year. This represents an incredible buying opportunity for savvy operators who can see the potential for further development, subject to planning, and also accesses into other areas of development where these lots of land may be seen as ransom strips.’
The plots of land are geographically dispersed throughout the South and include many sought after locations including Godalming, Surrey; Oxford; Leatherhead; Tunbridge Wells, Kent; Christchurch, Dorset; Stevenage, Hertfordshire and Lewes.
The plots of land will be sold at Network Auctions 5th December ballroom auction at The Westbury Mayfair Hotel, London. For more information: www.networkauctions.co.uk