Property and Land Auctions

Uttoxeter Land and Property Auction – May 2024

This auction was held on Wednesday 1st May.

Uttoxeter Land and Property Auction Report – 1st May 2024

Bagshaws held their Land and Property Auction at Uttoxeter Racecourse on Wednesday 1st May 2024 with three lots going under the hammer and one lot sold prior. The lots ranged from pastureland to an equestrian yard in 5 acres and a 1 acre land parcel in the village of Tixall.

All buyers registered to bid in advance of the sale commencing. Contracts were made available to purchasers before the auction date, which meant any successful purchasers would be able to exchange contracts on the day, with the completion date being set 28 days thereafter.
We are delighted to announce that the sale resulted in a 100% clearance, with all three lots offered on the day being sold and some good prices being realised across the board.

Lot 1, the well-presented equestrian yard at Marston, Stafford extending to 5.06 acres, had a number of bidders competing to become the successful purchaser, with the price achieved settling at £242,000.
Next, Lot 2, 4.76 acres of pastureland at Hayfield Hill Road, Rugeley attracted interest and bids from a number of parties, eventually reaching its conclusion, selling for £92,000 (£19,330 per acre).

Spirited bidding was also in evidence for the final lot of the day at Tixall. The 1.09 acres of land was purchased at £81,000.
As always, this auction shows the benefit of the traditional auction system where the property is offered on the day and a signature on the contacts is achieved, with a completion 28 days thereafter. If you would like advice on whether your property would be suitable for sale by auction, then please contact your local office or one of our experts to discuss the matter with you. The next property auction is scheduled for Monday 20th March at Bakewell Market and the next Staffordshire Property Auction is scheduled for Wednesday 10th July, again at Uttoxeter Racecourse.

The Auctioneer for the day was Malcolm Gale.