Property Auction - 28th August 2020

8 September 2020

Property Auction - 28th August 2020

 

Nick Champion, Auctioneer reports a highly successful auction of Glenside, Oreton, Kidderminster was held at Farlow & Oreton Village Hall on Friday, 28th August at 6.00pm.

 

Glenside comprised of a 1920’s corrugated iron single storey dwelling described by many as a “tin shack” which was set in about 1 acre of sloping land overlooking a redundant quarry. Glenside was guided at £125,000 to £150,000 and attracted considerable pre-sale interest with a number of “fishing” offers all sensibly refused by the Vendor.

 

A record number of auction legal packs were requested and in line with Covid-19 Regulations only 30 people were permitted access into the Village Hall and the limit was nearly reached. Bidding opened at £120,000 and after a prolonged battle between two main bidders the hammer was knocked down at £196,000.

 

The sale of Glenside again proved that the live auction method was the correct route for the sale of this type of unmortgageable property ensuring a successful outcome within a fixed time scale and at a premium price.