A farm and land auction run by Morris, Marshall and Poole proved successful for buyers and sellers.
Penybank at Hodley near Kerry with 20 acres in two lots sold for £403,000 and 3.66 acres of land at Montgomery sold for £38,000 during the auction held in Newtown.
“Demand for property sold by auction continues to be strong for the right property,” said Tony Evans, a partner at Mid Wale and Shropshire chartered surveyors and estate agents, Morris, Marshall and Poole.
“In the right circumstances a sale of property by auction can offer both sellers and buyers considerable advantages.
“Both properties were well advertised and any questions which arose were dealt with in the pre-auction process, so when the properties were offered by auction all interested parties were fully aware of the advantages of the properties before they bid.”
He added: “Of course sales by auction offer advantages to vendors too as on the fall of the hammer they cab be confident that the property is to all intents and purposes formally sold.”
The team at Morris, Marshall and Poole are on hand to talk about land and property for auction or for sale through private treaty.
A collective property auction is to be held on 24th September at Welshpool Livestock Sales.
Properties can still be entered for the auction which will take place at 2pm.
The company has offices throughout Mid Wales and Shropshire, including Welshpool, Shrewsbury, Oswestry, Newtown, Llanidloes, Machynlleth, Aberystwyth and Tywyn.
Visit www.morrismarshall.co.uk for more details.