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Successful Mid Devon Auction for Stags

Fri 23 October 2015

Stags is delighted with the results of their auction on 22 October when a diverse range of properties were sold, achieving a total of £2,239,000 for their clients. Auctioneer Andrew Luxton offered four properties in various lots to a packed room at the Hartnoll Hotel near Tiverton.

Moorhayes Farm near Uffculme was first to warm the audience up and was offered in 3 lots. Lot 1, a farmhouse for modernisation with some and traditional and modern buildings suitable for development (STP) and about an acre sold for £359,000 (Guide £300,000 to £330,000). Lot 2, 8.9 acres of pasture, generated competition between two bidders, with the gavel finally falling at £99,000 (£11,123 / acre) whilst Lot 3, a 3.1 acre paddock, sold to the same buyer at £57,000 (£18,387 / acre).

Second in the running order was 5.75 acres of land off North Street, near Witheridge village. The two pasture paddocks and a useful timber framed agricultural building saw a rapid succession of bids, with the gavel falling at £67,000 (£11,652 / acre) against a guide of £45,000 to £50,000.

Abbotsham Farm near Wembworthy was the largest lot of the day to be offered and generated a lot of interest leading up to the auction. The farm totals 193 acres, at the centre of which is a Grade II Listed house in need of complete restoration, surrounded by cob and stone barns with striking views towards Dartmoor. The farm was marketed for sale in four lots, but was offered as a whole with bidding ebbing and flowing, to finally reach £1,525,000. An incredible result that delighted the vendors.

The final lot of the day was 35 New Street, Cullompton, which in addition to a 2 bedroom terraced cottage, had planning permission for a detached dwelling in the garden. This property sold for £132,500.

If you have a property which you think may be suitable for auction, please contact Lee Flay or Andrew Dodds on 01884 235705.

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