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Mon 16 August 2021
Stags Farm Agency is delighted to report on the successful online auction of Wolversleigh Farm in Sidbury, Devon.
This privately-situated East Devon farm has exceptional views to the Jurassic Coast over the Sid Valley. It offered a unique opportunity to purchase a private residential farm of 104 acres located in an accessible, yet outstanding, private situation. A five-bedroom Devon longhouse of traditional stone construction provides spacious accommodation, with additional stone barns with potential for alternative uses and a range of modern farm buildings.
With over 5,500 views online and over 40 prospective buyers viewing the property in person, this incredible opportunity attracted a lot of regional and national interest. It was listed with a guide of £1,200,000 - £1,350,000 and culminated in 5 active bidders battling it out over 29 bids to achieve a final price of £1,550,000.
Andrew Luxton, head of Stags Online Auctions, states “Wolversleigh Farm achieved a fantastic auction result, making it not only the highest value property to ever be auctioned online by Stags, but also the highest value property ever sold by Bamboo auctions.”
There are large levels of demand for properties such as this, with many appealing features and the potential for further development. George Alder, Head of Stags Farm Agency, comments “The number of viewings and bidders demonstrates the current strength of the market for farms in the South West, remaining strong with interest from both farmer and residential farmer buyers.”
With 4 cash buyers from this auction still looking for similar properties in the South West, now is a fantastic time to consider online auctions as a method of selling your farm or land.
Other recent sales on the online auction platform this week include two parcels of land; 1.06 acres with a building at Whimple, which sold 16% above guide price at £87,000 and 0.64 acres with outline planning consent in Seaton, which sold 8% above guide price at £162,000. This demonstrates the continuing success of online auctions as a proven platform to achieve prices well above expectations.
We have 9 properties currently live on the dedicated Online Property Auction page of our website at stags.co.uk. For further information contact your local Stags branch.