Welsh lake sells for £31,000 - double its guide price

Summer auction sees Welsh lake sell for double its guide price in Powys, Mid Wales

A secluded Mid Wales lake has sold at auction for £31,000, double its guide price.

Carregdio Lake in Powys, is two miles from the nearest main road and 12 miles from Llanidloes, the nearest main town. It sits within nearly three acres of land and woodland.

Estate and land agents Morris Marshall and Poole had anticipated a guide price of £15,000 when it went to auction at its summer auction in Welshpool, but bidding soon rose.

Carregdio lake, Llangurig, Llanidloes, Powys, Mid Wales“Sometimes it’s difficult to judge how such a unique piece of land will sell. Owning your own Welsh lake is obviously a unique opportunity, said Andrew Turner, Partner at Morris Marshall and Poole who staged their summer auction at Welshpool.

“We’d had a lot of interest prior to the sale and this was demonstrated on the day.”

The buyer, who has not been named, was among several bidding for the lake and a range of other residential, commercial and agricultural properties from Mid Wales and Shropshire.

Meanwhile an historic manor house in built in the 1830s by Thomas Evans, a former Superintendant Surgeon of the East India Company in Madras who went on to donate rare plants to Kew Gardens in London, was sold for £410,000 to a local family.

The property in Llanidloes, Powys, complete with servants’ quarters, a Coach House cottage summer house, had a guide price of £350,000.

The winning bidder, Mr Paul Jervis, who lives in the town, said: “I’ve bought it as a family home for generations to come. I’m looking forward to restoring it to its original condition.”

Other properties sold included houses in Powys and coastal flats in Barmouth, Gwynedd.

Morris Marshall and Poole will be hosting an autumn sale on 25th September 2014 at the Welshpool Livestock Sales complex in Welshpool, Powys.

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