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An auction held by Stags on 8th December 2016 drew a large crowd to The Dartmoor Lodge Inn at Buckfastleigh. Under the experienced hand of Auctioneer Andrew Luxton, first to go under the hammer was Lot 1 of Nurston Farm, a large farmhouse for renovation, set just outside the South Devon village of Deancombe. With a courtyard of traditional barns, a modern outbuilding and just under 8 acres, Lot 1 offered an array of opportunities. At the fall of the gavel, the price had edged up to £375,000, with the successful bidder being a couple from Hampshire looking for a family home to relocate to with their parents.
Five other lots at Nurston Farm were also put to the room, with the various pasture and woodland lots raising between £4,150 per acre and £8,300 per acre. A modern farm building with a 2.47 acre paddock raised £73,000, well in excess of the auction guide of £25,000 - £50,000.
Lot 7 - a partially converted barn known as Monkey Oak, got off to a slow start but soon hotted up, with some particularly competitive bidding at the end taking the final bid to £405,000. The buyers subsequently chose to accept the option to purchase Lot 8 at £75,000. The final lot of the day, just over an acre of amenity land at Harberton, completed the days tally raising £13,500.
George Alder, Head of Farm Agency and newly promoted partner at Stags, was pleased with the result, commenting ‘Stags Farm Agency and the Totnes office worked hard to promote the properties, with nearly 50 viewings of Nurston Farm. Yet again the auction method brought a definitive sale result and clarity for both the buyers and the sellers’.
Stags hold property auctions throughout the year across the South West. For further information please visit www.stags.co.uk or contact George Alder on 01392 680059.
• 1. Lot 1: Nurston Farm - £375,000
• 2. Lot 2: Nurston Farm - Withdrawn
• 3. Lot 3 Nurston Farm - £275,000
• 4. Lot 4 Nurston Farm - £73,000
• 5. Lot 5 Nurston Farm - £115,000
• 6. Lot 6 Nurston Farm - £286,000
• 7. Monkey Oak Barn - £405,000
• 8. Englebourne Wood & Quarry - £75,000
• 9. Amenity Land - £13,500