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Somerset land sells at a premium during GTH auction: See the prices

LAND lots sold for more than £2 million during a recent Somerset sale.

Sales at auctioneer Greenslade Taylor Hunt’s (GTH) latest property event reached a whopping £2.3m.

A total of 26 lots went under the hammer at Batch Country House, in Lympsham, near Weston-Super-Mare.

Prices of note included £199,000 for a single parcel of 9.93 acres of land at Fiddington, near Bridgwater – well above the pre-sale guide, equating to £20,000 per acre.

Meanwhile two acres of attractive amenity, pasture land at Croscombe, near Wells, sold for £66,000 – dwarfing its £25,000 guide price.

GTH auctioneer, Robert Baker, said: “It was great to see a packed auction room of potential buyers, leading to prices achieving clients’ expectations.

“We had a number of bidders registered online in addition which saw us sell property from Weymouth to Wells.”

GTH said the successful sale was a reflection of the growing popularity of selling property at auction.

A spokesperson said property auctions provide sellers with certainty of a sale – once the gavel comes down, the sale is sealed, and also helps buyers with a clear timeframe of the process.

“It is becoming a more and more popular way of selling land and property as the procedure is relatively straightforward with all the necessary legal and administrative matters in place prior to the start of the sale,” a spokesperson added.

The next property auction takes place at The Shrubbery Hotel in Ilminster on Thursday, September 26, from 2pm.

Lots on offer are varied and include a site on the outskirts of Glastonbury with planning consent for a four-bedroom detached home, together with pasture land, at a guide price of £350,000.

A single parcel of 2.84 acres of agricultural land at Mark, near Highbridge, guided at £50,000 is among a number of land lots.

For more information about the full list of lots in the September auction, call 01935 423474.

And for advice on entering a lot, or more details on the benefits of selling at auction, contact Robert Baker at the firm’s Redhill office on 0117 2035577.

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