Incredible prices were recorded as potential bidders packed a
saleroom to bid for their own piece of England or Wales.
Auctioneers Halls sold nine pieces of redundant land, owned by
Severn Trent Water, located across Worcestershire, Shropshire and
Powys at the very successful public auction on Friday (October
14).
An inviting guide price of £200 on seven of the lots
attracted national publicity and huge interest from prospective
buyers who paid between £600 and £8,200 to become
landowners. The nine lots ranged from former district service
reservoir sites to a former pumping station site.
Top price of Severn Trent Water lots was £100,000 for half
an acre of land at the rear of Station Road, Wem, which had
planning potential for up to five homes. The extensive Severn Trent
rural portfolio is managed by Halls/Lambert Smith Hampton through
Halls commercial and residential estate agents' Worcester
office.
Halls partner Anthony Champion, who leads the team, said: "This
was a fantastic result and is a very satisfactory conclusion to
this phase of asset disposals on behalf of Severn Trent. "
Individual prices for the former reservoir sites were
£8,200 for 0.08 acres at Byrnderwen, near Llanfyllin,
£4,200 for 0.10 acres at Berriewood, Condover, near
Shrewsbury, £4,100 for 0.38 acres at Snedshill, Telford,
£3,200 for 0.05 acres at Cleobury North, near Bridgnorth,
£800 for 0.06 acres at Bucknell, near Craven Arms, £700
for 0.10 acres at Cwmllinau, Cemmaes Road, near Machynlleth and
£600 for 0.02 acres at Mayhill, Knighton on Teme, near
Tenbury Wells.
A former pumping station site covering 34 square metres at
Abermule, near Montgomery sold for £1,000.
Halls' chairman Peter Willcock said: "The auction attracted huge
interest but nobody could have predicted the level of prices
achieved on the day.
"Some people were looking at the latent potential of the land
while others just wanted to buy their own a piece of England or
Wales. The price achieved for 0.08 of an acre at Llanfyllin was
incredible. What is great for Severn Trent Water is that all the
lots sold and there was strong bidding for every lot. Selling
by auction is a brilliant way to find the true market value of
property.
"Severn Trent Water should be praised for having the confidence
in a well known firm of auctioneers in Shropshire to promote and
sell their property, which gave local people the chance to fulfil
their ambition to buy their own piece of land."
The auction also included two other properties not owned by
Severn Trent. Rainow, Wem Lane, Prees Green, Whitchurch, a three
bedroomed house requiring modernisation, sold for its guide price
of £120,000.
Mayfield, Breden Heath, near Whitchurch, a two bedroomed
property with outbuildings set in nearly seven acres of land, sold
for £265,000, in excess of its guide price. This property had
fallen into an advanced state of disrepair and required either
renovation or demolition and rebuilding.