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The recent auction of Primms Cottage on Dartmoor not only reflects the current state of the property market in the South West but also confirms Stags’ online auction platform is going from strength to strength.
This beautiful stone-built heritage cottage lies in the heart of Dartmoor National Park. Set in 1.26 acres, it boasts breath-taking views across the unspoilt heather-clad moorland and wooded valleys, providing a private and peaceful retreat. It has immediate access to open moorland to enjoy the excellent walking and riding opportunities available to the area, yet the property is extremely accessible being a fifteen-minute drive from the A38 Expressway and M5 beyond.
With nearly 11,000 views this rural gem attracted a lot of interest. It was listed with a guide of £350,000 and culminated in 8 active bidders with two parties battling it out at the end to achieve a final price of £601,000! This represents 71% above the original guide and well above the expectations of the Vendors and the Totnes office of Stags who handled the sale.
Andrew Luxton, Head of Stags Online Property Auctions, states that in this current market with exceptional demand from those looking to relocate to the South West, a shortage of property coming to the market, and vendors requiring certainty the online platform is proving very valuable. In addition, for properties such as Primms Cottage which are unique and different with little comparable it provides the best way of establishing the market value.
We have a number of properties live on the dedicated Online Property Auction page of our website at stags.co.uk. For further information and advice please contact any one of our offices.