Residential properties and parcels of land to the value of more than £1.26 million were sold in a couple of hours by auctioneers Halls at a successful collective auction in Shrewsbury.
Seven lots spanning an area covering Shropshire and Mid and North Wales, found buyers, despite Storm Babet’s best efforts to disrupt proceeding with floods across a wide region last Friday.
Star of the auction was the final lot, Ladywell Nurseries in Whixall, a former plant nursery business with a four bedroomed house, detached garage block and around four acres of surrounding gardens and land.
Competitive bidding saw the property, which auctioneer Allen Gittins, Halls’ chairman, said had great potential for improvement, sell for £342,000, exceeding its pre-sale estimate. Halls sold the property jointly with Berrys.
A two bedroomed, detached cottage with scope for extension or redevelopment, set within more than half an acre of lawned gardens, 3, Blue Bell, Uppington, Telford, sold for its guide price of £300,000
Aston Cottage, 10 Aston, near Wem, an attractive, period, Grade II Listed two-bedroom detached country cottage, with huge potential for complete refurbishment and possible extension, sold for a mid-estimate £135,000.
Another attractive, two bedroomed, Grade II Listed property with scope for modernisation and improvement, 4, Wharf Road, Ellesmere found a buyer for an above estimate £107,500.
Another hugely popular lot comprised nearly 25 acres of versatile accommodation land, with potential for arable production, on the edge of Sarnau, Llanymynech, which raced away from its guide price to sell for £310,000.
Two productive parcels of pastureland in a private location at Ridley Wood, between Bangor-on-Dee and Farndon, near Wrexham were also in demand. The 4.8-acre meadow sold for £28,000 and a 7.38-acre Meadow made £42,000.
Halls also sold 4, High Street, Ellesmere, which had a guide price of £125,000 – £135,000, immediately after the auction. This town centre property included a let ground floor shop, a two bedroom maisonette on the first and second floors, and a large, walled courtyard garden to the rear.
Afterwards, a delighted Mr Gittins said: “Despite the atrocious weather conditions and flooding in the vicinity, we were pleasantly surprised by how many people turned up and we are very grateful for the effort they made.
“We were really happy with the prices achieved, particularly for the larger properties and the land, which demonstrates the value of these collective auctions.”
With the next collective auction scheduled for Friday, December 8, he appealed to owners to contact their nearest Halls office for a no obligation valuation if they are considering selling property or land.
“Not all properties are suitable to go to auction,” he added. “Using experience gained over many years, our team at Halls knows what makes a suitable auction property and how to generate the right kind of interest to achieve the best possible sale price.”