A property which has been in the same family ownership for over 50 years has sold at Network Auctions 19th April London sale for £225,000 to a bidder who flew over from Switzerland specially to bid on the lot.
The three bedroom non standard construction property in a plot of approx. 0.42 acres located in Teignmouth Devon attracted considerable pre-auction interest due to its superb sea views towards Lyme Bay. The property guided at £175,000 – £200,000 saw a hot bidding war between locals , Londoners and the eventual successful Swiss buyer and achieved £50,000 more than the lower estimate.
Richard Worrall, Network Auctions Auctioneer, said “This is a magnificent opportunity. The photos don’t even do the view justice;it has coastal views to die for. This bidder has snapped up an unbelievable opportunity for a fraction of the price to create the most stunning home with the most stunning views
“Bidders were attracted to this lot from all over the country and this successful sale reinforces our belief that expert local marketing combined with Auctions on the London stage is the best way to achieve top prices.”