A property which had been in the same family ownership for over 50 years has sold at Network Auctions’ April sale for £225,000 to a bidder who flew over from Switzerland specifically to bid on the lot.
The three-bedroom non-standard construction property in a plot of approx. 0.42 acres located in Teignmouth, Devon attracted considerable pre-auction interest due to its superb sea views towards Lyme Bay. Guided at £175,000-£200,000 it created a hot bidding war between locals, Londoners and the eventual successful Swiss buyer, achieving £50,000 above its lower estimate.
This property has coastal views to die for, people pay bonkers prices – multi million pound prices for these views!”
Richard Worrall at Network Auctions, said, “This is a magnificent opportunity. The photos don’t even do the view justice; it has coastal views to die for. Just a few minutes around the corner people pay bonkers prices – multimillion pound prices – for these views. This bidder has snapped up an unbelievable opportunity for a fraction of the price to create the most stunning home with the most stunning views.
“Bidders were attracted to this lot from all over the country and this successful sale reinforces our belief that expert local marketing combine with auctions on the London stage in the best way to achieve top prices.”