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Somerset plot of land sells for £36,000 more than estimate at auction

A PLOT of land in North Somerset sold for more than £30,000 above its estimated price.

The sale, of a 4.25-acre plot at Churchill, North Somerset, saw the hammer come down at £106,000 during the latest Greenslade Taylor Hunt (GTH) property auction held at the Aldwick Estate, near Bristol.

A number of lots were sold prior to the auction, with seven lots going under the hammer – all bare agricultural land.

Among “excellent” prices achieved was the Churchill plot, with a sale price £36,000 over its £70,000 estimate, as well as 1.28 acres of land with planning consent for a stable block and equestrian use at Dundry, on the outskirts of Bristol, going for £54,000.

READ MORE: Property news from your Somerset Leveller

Auctioneer, Robert Baker, said: “It was good to see some excellent prices achieved at auction once again and demonstrates that bare agricultural land prices are maintaining recent high levels, with strong local interest in all lots.

“We had numerous bidders in the room, online and on the telephone which meant there was competitive bidding from start to finish.”

GTH is now looking preparing for the next auction, scheduled for Thursday, June 26, at The Shrubbery Hotel, Ilminster.

They are also inviting entries for the auction at Batch Country House, Lympsham, on Wednesday, July 23.

Anyone considering selling property or land by auction can contact the GTH auction team on 0117 203 5577 or 01935 423474, or by email to robert.baker@gth.net or Jamie.batt@gth.net.

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