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Wed 3 October 2018
McCartneys report another excellent land auction at The Metropole Hotel, Llandrindod Wells on Thursday 27th September 2018.
The evening saw Knighton auctioneer and land agent Mrs Jenny Layton Mills firstly offer 11.41 acres of permanent pasture land at New Invention near Clun for sale. The bidding started at £75,000 and 19 bids later sold for £94,000 (£8,238 per acre), well in excess of the guide price.
Mrs Katie Davies then offered 15.69 acres of permanent pasture land, known as Bronhafod Field, Tregynon, near Newtown. Bidding started at £80,000 and rose at a quick pace, with several bidders, to a final sale of £135,000 (£8,604 per acre).
Goff’s Field, Tregynon, being 2.47 acres of permanent pasture, was then auctioned starting at £12,000 and again with four bidders rising to £26,000 (£10,522 per acre).
Auctions are the most transparent way of selling land and property with a contract signed and a 10% deposit paid on the night. McCartneys have collective property auctions across the region. Another will be held at The Metropole Hotel in the spring. For a free market appraisal please contact Jenny Layton Mills/Katie Davies at the Knighton Office on 01547 528621 or your local McCartneys agent.