Auctioneer Richard Smailes said: “The cottage’s desirable location and potential made it an excellent investment opportunity and there was a real buzz of excitement in the room.
“The property was eventually sold for £222,500, far exceeding the £150,000 guide price.”
Another lot that performed particularly well at the Pavilions property auction was a building plot in Hampsthwaite with planning permission, which also had a guide price of £150,000 and sold for £261,000. A two-bedroomed detached house on Chain Lane in Knaresborough had the same guide price and sold for £206,000.
Richard said the excellent response to the latest FSS auction highlighted a rise in the number of people buying through property auctions and the advantages for sellers.
“The lots simply wouldn’t have achieved these sorts of prices if they had been sold in any other way,” he explained.
“The room was packed, the atmosphere was fantastic and there were some really interesting investment opportunities available.
“I would highly recommend the auction route to anyone who has a property that needs to be sold quickly or isn’t getting the level of interest it should.”
Sellers have until the end of October to list a property or investment opportunity in the next FSS auction, which will be held at Pavilions of Harrogate on December 8.
“Properties sold at our December auction can expect completion within weeks and sellers can have the money in the bank by mid January,” said Richard.
“If anyone is unsure about the auction route I am happy to talk them through the process and discuss the best approach for their land or property and the value they can expect to achieve,” he added.
FSS has decades of knowledge and experience of the local property market and specialises in residential sales, residential lettings, commercial property and surveying, as well as auctions. To list a property for auction on December 8 or speak to one of our experts call 01423 501211.