20th September 2017
Unusual land near River Dee sells for three times expected price
An unusual plot of land overlooking the River Dee estuary sold for more than three times its *guide price at the latest SDL Auctions Cheshire and North Wales’ auction in Chester.
The attention of excited bidders was drawn to land situated off Byrnford Hill, in Brynford, near Holywell in North Wales, and the plot ended up selling for £15,750 – 215 per cent higher than its guide price of £5,000+.
The fenced and gated plot of land, which contains a former water tank reservoir, enjoys lovely views out towards the Dee Estuary.
Edward Feather, senior valuer and auctioneer at SDL Auctions Cheshire and North Wales, said: “Sales of such rare and interesting units like this are not common and it proved to be of big interest to a wide variety of prospective buyers.
“It just goes to show how useful auctions can be in gaining the best price for property owners.”
Another lot that sold well, thanks to its overall plot size, was Briarcroft, a fire-damaged detached bungalow on Church Road in Dodleston – one of Chester’s finest villages – which sold for £239,000 from a guide price of £150,000+.
Other lots that gained impressive sale prices during the auction on 13 September at Chester Racecourse included:
- A three bedroomed, end of terrace house at 6 Phillip Streetin Hoole, Chester, which sold for £146,000 from a guide price of £120,000+.
- A three bedroomed, semi-detached house at 17 Cornwall Avenuein Runcorn, which sold for £73,000 from a guide price of £60,000+.
- A three bedroomed terraced house at 58 Stratford Roadin Blacon, which sold for £71,000 from a guide price of £60,000+.
Mr Feather added: “High interest led to plenty of competitive bidding and helped generate some excellent sale prices in the auction room.
“It proves that a sale by auction can be the best method of achieving the highest price, and this provides evidence of what’s currently a strong property market.”
Nearly £1.5 million was raised at the Chester auction, and the full results can be viewed here.
The next Chester auction is on Wednesday 25 October, and any owners looking to sell their properties can request a free auction appraisal by calling SDL Auctions Cheshire and North Wales on 01244 433422, emailing email@example.com or visiting www.sdlauctions.co.uk.