£40,000 over guide price with Woods Bryce Baker

26 Mar £40,000 over guide price with Woods Bryce Baker

Woods Bryce Baker in Paignton is thrilled to have sold a property at auction last week at a sum more than £40,000 over its guide price. Despite the restrictions on indoor gatherings, property auctions are going full steam ahead, as purely virtual events.

The attractive, bay-fronted, three-bedroom semi-detached house went to the auction with a guide price of £200,000 – £225,000 and sold to the highest bidder at £265,500.

Just a few hundred feet from Preston Beach with its cafes, bars and shops, the spacious family home requiring modernisation has an entrance porch and hallway, lounge with fireplace, separate dining room, fitted kitchen with integrated appliances, cloakroom/WC and three bedrooms as well as a loft room with Velux windows. Outside, the house has front and rear gardens, garage and parking.

The virtual auction room was jam packed with buyers and there was plenty of interest in this property, receiving a grand total of 55 bids – 16 of them in the last three minutes of the auction!

Woods Bryce Baker has a proven track record over decades of property auction success, having held regular events at local venues and sold hundreds of homes to the best buyers, at the best prices.

Sarah Thomas, senior sales consultant at Woods Bryce Baker, said: “We are thrilled with the result of Thursday’s sale, and pleased – albeit not in the auction room for now – to continue to offer auction as a way to market.”

Sales Director, Steven Bates, said: “This has shown the housing market is currently thriving and with some delays of over four months from sale agreed to completion, many clients want to sell in a more efficient way to ensure they hit the stamp duty deadline. At auction, the fall of the gavel represents exchange of contracts with completion set for a date within 28 days. This is a new way to use the auction route to sell as with over 55 bids and £40,000 over the reserve it shows it’s not just for investors at this busy time. Should you be interested in hearing more about how this may work for you, do give us a call.”

For further information or to discuss any property-related matter, contact Woods Bryce Baker on 01803 390000 or click here. Book a property valuation before the end of June and be in with a chance to win £100 or £1,000 to spend at your local garden centre in the agents’ Spring Prize Draw.