Sketchley Grange Hotel at Hinckley was the venue for our last property auction of the year on 14th November. A packed saleroom resulted in spirited bidding and a fast paced auction, with guide prices comfortably exceeded for all lots sold in the room.
The change of venue seemed to suit bidders and there was a confidence in the air with strong interest in all of the lots on offer, being a mixture of development opportunities and agricultural land.
The first lot under the hammer was a single building plot at Warton, near Tamworth, with planning permission for a two bedroom bungalow. Competitive bidding between two parties resulted in the hammer falling at £105,500, in excess of the guide price of £80,000 – £100,000.
15.13 acres of pasture land at Harborough Magna, Rugby, was up next, with a guide price of £120,000 – £140,000. After a slow start, bidding came thick and fast and the hammer fell to a local couple for a whopping 45% above the guide price, at £201,000.
The third lot was another block of farmland, 32.16 acres at Stapleton, near Hinckley. This larger block saw quick bidding from the start and finally went to a local farmer for £355,000, 18% above the guide of £300,000.
Lingfield Farm, near Nuneaton, comprising 20.66 acres of land with planning permission to create a fabulous new farmhouse, did not find a buyer under the hammer but with interest in the property and bidders there on the night it is likely a deal will be struck in the very near future.
Overall this year we have sold £3.21m of property under the hammer, with a 95% success rate including post-auction sales.
We have been selling under the hammer since 1888 and as well as property, we host a wide variety of other sales by auction throughout the year including agricultural machinery, plant and equipment, livestock, standing crops, fodder and summer grasskeep.
If you would like to be kept informed of our next property auctions, please get in touch with our Auctions team.
