Property Auction a Roaring Success
A 3.35-acre plot of Lake District land sells for £310,000, demonstrating continuing unprecedented demand for places where people can enjoy the great outdoors.
H&H Land & Estates experienced new highs at their most recent property auction, when a former local authority house in need of total renovation, and land with lake frontage onto Coniston Water, each sold for several times more than their guide prices.
Held at a packed Kendal Town Hall on Friday 1st October, Brown Howe, a 3.35-acre block of land with approximately 55 metres of lake frontage onto Coniston Water, sold for £310,000, way in excess of its guide price of £60,000.
Dodding Holme, a semi-detached, three-bedroom house in need of a complete overhaul, had a guide price of £90,000. The potential this property had was evident and it was eventually sold with a final bid of £213,000.
In advance of the sales both properties had received phenomenal interest. The majority for Dodding Holme was from within the local area, but for Brown Howe however, it was UK-wide.
Commenting afterwards Colin Tomlinson, Managing Director at H&H Land & Estates said:
“Both of these sales had an extremely high amount of interest. We had many bidders for each, but we could not have predicted the final results. We are thrilled for our clients.
“Currently there is not a huge number of choices for property such as Dodding Holme, and being only a five-minute drive from the lovely market-town of Kendal, it was in a sought after area. This is a massive restoration project, but that certainly didn’t deter buyers. What this sale demonstrates is that people are keen to obtain properties which they can personalise to their own taste.”
Giving feedback on the land on the westerly shores of Coniston Water, Colin said: “We knew from the outset that Brown Howe was going to be popular as it had a scarcity value. Parcels of land with lake frontage, especially on somewhere as beautiful as Coniston Water, very rarely come to the market. The result was way in excess of what we ever imagined.
“The recent pandemic has exacerbated popularity of purchasing land for personal use. More and more people are looking for opportunities to be able to enjoy the simplicity of the countryside and to reap the benefits of a lifestyle in the great outdoors.”
Our next public auction is to be held on 3rd November at the Olde Mill, Bardsea, with an excellent block of Grade 3 meadow, pasture and arable land on offer, located between Barrow-in-Furness and Ulverston, and a lovely wood in the Calder Valley.