Howkins & Harrison’s last property auction of the year has taken place at Sketchley Grange Hotel in Hinckley (pictured).
A packed saleroom resulted in spirited bidding and a fast-paced auction, with guide prices exceeded for all lots sold in the room.
The change of venue seemed to suit bidders and there was a confidence in the air with strong interest in all of the lots on offer, being a mixture of development opportunities and agricultural land.
The first lot under the hammer was a single building plot at Warton, near Tamworth, with planning permission for a two bedroom bungalow.
Competitive bidding between two parties resulted in the hammer falling at £105,500, in excess of the guide price of £80,000 – £100,000.
Lot two, 15.13 acres of pasture land at Harborough Magna, Rugby, was up with a guide price of £120,000 – £140,000.
After a slow start, bidding came thick and fast and the hammer fell to a local farming family 45 per cent above the guide price, at £201,000.
The third lot was another block of farmland, 32.16 acres at Stapleton, near Hinckley.
This larger block saw quick bidding from the start and finally went to a local farmer for £355,000, 18 per cent above the guide of £300,000.
Lingfield Farm, near Nuneaton, comprising 20.66 acres of land with planning permission to create a fabulous new farmhouse, did not find a buyer under the hammer but with interest in the property and bidders there on the night the agents are confident that a deal will be struck in the near future.
Overall this year Howkins & Harrison have sold £3.21m of property under the hammer, with a 95 per cent success rate including post-auction sales.
The firm has been selling property by auction since 1888 and is now planning a series of sales at the new venue for 2018.
Partner James Collier said: “We plan to use the new central sale venue to hold our collective property sales, which previously have been split between two venues.
“The new venue is easily accessible, just off junction 1 of the M69 at Hinckley, handy for buyers and sellers from across the Midlands.”
The firm is inviting lots for sales in 2018, to include land, building plots, houses and commercial property.