Auction demonstrated strong interest in land and property in Mid Wales
Four properties under the hammer at the latest Morris, Marshall and Poole with Norman Lloyd property auction exceeded their guide prices.
Four out of six properties were sold at the auction held at Welshpool Livestock Sales conference centre on Thursday (20 September 2018). With a guide price of £50,000, Llawrycwm Chapel and Ty Cwyn Chapel at Llanfyllin, Powys went for £90,000, while The Bungalow at Aberdyfi with a guide price of £250,000 was sold for £270,000.
Tyn Y Ffynon land at Cefn Coch near Llanrhaeadr Ym Mochnant, which has 5.95 acres of permanent pasture land with two general purpose timber and galvanized sheds with mains electricity and water with a guide price of £40,000 was sold for £50,000.
A final bid of £130,000 was made for a three-bedroom bungalow at Gwaunynog, Llansantffraid that had a guide price of £125,000.
MMP/NL partner and auctioneer Rob Hudson said the sales demonstrated a strong market for property and land.
“Bidding was strong and demonstrated the interest out there for properties or land by investors or those looking to renovate or modernise properties in particular,” he said.
“Property auctions are a good place for buyers and sellers as they provide a platform for often unusual or keenly sought after properties at a fair price.”
Another property auction will be held in Spring 2019. Anyone wanting to discuss selling their property through auction can contact MMP/NL at any of their offices in Powys, Shropshire, Ceredigion or Gwynedd, or call 01938 554818.
More details can be found at www.morrismarshall.co.uk.