Another staggering auction result
Further demonstrating the increasing demand for people wanting to enjoy a rural way of life and the great outdoors, a traditional derelict stone barn sold yesterday at auction for more than 135% more than its guide price of £40,000.
Located in Ravenstonedale near Kirby Stephen, this was Piper Hole Barn, a traditional limestone constructed barn, set in ¼ acre of land which included two coppices. The barn has exceptional views over Howgill Fell and, subject to the relevant planning consents, has potential for development.
In advance of the auction, there had been a huge amount of interest and at 5.30pm, half an hour before the sale, the village hall was packed to the rafters with bidders. Bidding commenced at £45,000 and rapidly rose and the bids continued to rise and the gavel eventually fell at the price of £97,000. The atmosphere in the room was electric and when the hammer went down the room burst into a spontaneous round of applause.
Commenting on this sale, Thomas Armstrong Chartered Surveyor said: “With over 50 legal packs sent out in advance of the sale we knew that interest was high, however this really was exceptional. Traditional barns such as these coming onto the market are increasingly few and far between, however the price achieved for Piper Hole was staggering. The pandemic has certainly had a major impact on the property market, in this part of Cumbria and a barn such as this would have sold for in the region of £30,000 two years ago.”