Eager bidding saw two north Powys properties surpass their minimum guide price at a property auction held in Welshpool.
Treetops, a three-bedroom bungalow in need of modernising at Brynfa, near Welshpool sold for £182,000 at the Morris, Marshall and Poole Spring Property Auction held at Welshpool Livestock Market last Thursday, £12,000 above the minimum guide price.
A three-bedroom semi-detached house at Glanyrafon in Berriew sold for £4,000 above its guide price at £129,000.
“There is keen interest from vendors and property buyers in auctions and this, our fourth property auction since we started them last year, was no exception,” said Rob Hudson, a partner at Mid Wales and Shropshire chartered surveyors and estate agents, Morris, Marshall and Poole.
“Auctions are a good way to sell certain types of property and can be beneficial for both buyers and sellers and we’re always keen to talk to vendors who want to consider this method of sale.
“The sale of Treetops near Welshpool saw some keen bidding, with the final price reaching £12,000 above the minimum guide price on the day.”
A four-bedroom bungalow at Brynglas Walk in Tywyn sold for £101,500 while three other properties, including the Methodist Chapel at Stepaside, Mochdre near Newtown; a two bedroom flat in Tywyn and a mixed residential and commercial property in Tywyn sold prior to the auction.
Properties at the auction were from throughout Powys, Ceredigion, south Gwynedd and Wrexham. The next MMP property auction will be held on Thursday, 18th June and again on Thursday, 24th September. Entries are now being taken by the agents. For more information about property auctions, visit www.morrismarshall.co.uk or call 01686 626160 or 01938 554818.