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Significant Cornish Collective Auction Heralded a Success

Wed 30 September 2015

Stags’ auctioneer and farm agent Andrew Ranson offered approximately £800,000 of property comprised in 6 lots to a packed auction room at Lanhydrock Golf and Country Club, Bodmin on Thursday 24th September.

5 of the 6 lots on offer were sold, continuing Stags success rate in Cornwall of about 90%, some 25% above the industry average. 

Auctioneer, Andrew Ranson commented, “Many of the lots on offer had generated an exceptional level of interest in the run up to the auction and on the night we had some very pleasing results with most of our vendors delighted with the outcome.”

Some of the more interesting results included a Cornish Tin mine, set in 15 acres of “right to roam” countryside near Porthtowan; with an affordable Guide price and after the ‘Poldark affect’ we had a huge number of enquires and this sold for well in excess of its Guide of £15,000 – £25,000 making £82,000! Stags understand that apparently, this is more than three times the price another local agent almost sold the property for recently.

Another interesting property that Stags sold that evening was a 58 acre farm between Camborne and Helston which made £600,000. This comprised a modest yet attractive detached granite farmhouse with a range of traditional and modern farm buildings, together with a mix of arable and pasture land. Mr Ranson confirms that the executor vendors are delighted to have exchanged contracts at a good price, just 6 weeks after marketing commenced, especially given the number of potential legal complications. Some of these title complications stemmed from the fact that the Deeds had been misplaced. Mr Ranson flags up, “These are just the sort of matters that can cause very considerable hold-ups during the usual conveyancing process.” He continues “Executors and trustees also regularly favour the auction process for the obvious transparency, as well as the very pleasing results that are regularly generated.” 

Mr Ranson, who deals with all the farms and land sales for Stags throughout Cornwall and along the Devon and Cornwall border, told the audience that prior to the auction, this year Stags in Cornwall have sold all except one lot that they have auctioned and even this lot sold and exchanged contracts within three working days of the auction! He now points out that the only lot that has yet to sell from the September auction is 2.90 acres of gently sloping pasture land on the edge of London Apprentice, near St Austell. This is an attractive parcel of land with road and stream frontage that is expected to sell quickly with a guide of £25,000. 

Anyone who thinks they might have a property that would suit an auction sale is invited to contact Andrew Ranson at either Stags’ Launceston or Truro offices (01566 774999 or 01872 264488).

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