On a mild and slightly muggy afternoon, there was a noticeable degree of anticipation prior to Bagshaws fourth property auction of the year. There was a hum of subdued conversation with some venders and buyers trying to hide their nervousness whilst others were speculating as to where the lots may end up.
As the auction commenced, there was a good crowd assembled in the room waiting for the auction to start. The first lot offered for sale attracted prompt bidding and quickly sold for a figure of £53,000. This was the first of two houses to be offered for sale in Uxbridge Street, Burton on Trent whilst the second later on in the auction realised a figure of £66,000.
The second lot was a parcel of land extending to 1.5 acres just outside Milwich which was eventually knocked down at £21,000 whilst lot three attracted competitive bidding resulting in a sale price well above the indicated guide at £125,000. The property in question was a semi-detached late Victorian house in Uttoxeter.
This was followed by a modern barn near Waldley, north of Doveridge with planning consent for conversion into a residential dwelling realising an impressive £210,000.
Moving north of Waldley, two parcels of land then sold at Ellastone securing buyers at a figure just over £9,400 per acre although a larger parcel of land at Church Broughton amounting to 43 acres failed to sell, this was considered a minor hiccup in relation to the performance of other lots in the auction.
The final lot was the former Walkers Bakery Shop in Uttoxeter marketed with a price guide of £40,000 - £60,000 which reflected the poor state of the building. The first bid was at the top of the guide followed by frantic bidding from numerous parties culminating in a sale price at £135,000.
Continuing the trend for 2018, Bagshaws have sold 96.9% of all lots taken to auction in the last five sales held at Uttoxeter (3) and Bakewell (2). This shows that as a firm we have a great understanding of what to take to auction and where to guide lots for best results. If you would like to know more please contact Mark Patterson or Malcolm Gale on 01889 562811 or visit our team page to send an email.