AUCTION SUCCESS!

Debenham family cottage sold in excess of guide price

A delightful cottage style property in Dorset was sold under the hammer for the Debenham family, for a sum in excess of its guide price at auction last week.

Following around 75 viewings on the property prior to the event, more than 30 people packed the Dorchester office for the auction on Saturday 21st September.

Offered to the market for the first time ever, 1 Yearlings sits on the outskirts of the beautiful Dorset village of Bere Regis and was built by Earnest Debenham, a pioneer in the agricultural, dairy and business industries including the retail outlet which still bears his name. The cottage was still owned by the Debenham family when it went to auction.

The former farm labourer’s cottage has three double bedrooms, a large garden of approximately 1/3 of an acre and a paddock of around 3.5 acres, which at the time would have provided relatively luxurious accommodation.

The auction attracted a huge amount of interest and fierce bidding soon drove the sale price above the £250,000 mark; three bidders continued the battle and the final winning bid was placed by a buyer on the telephone at the sum of £261,500 – in excess of its guide price of £200,000-£250,000.

Richard Worrall, auctioneer, said: “There was a great deal of interest in this attractive cottage, which sits in a beautiful, highly sought after location. The 75 viewings prior to the sale ensured the room was packed with keen buyers. Bidding was fast and furious and when the price reached £260,000, there were only two bidders left – one in the room and one on the ‘phone, who secured his purchase at the final sale price of £261,500. It was a brilliant event, which produced an excellent result for the sellers.”

For further information or to discuss selling your property, at auction or by private treaty, contact DOMVS in Dorchester on 01305 757300 or Richard Worrall on 07775 876381.

DOMVS: 2nd Oct 2013 13:48:00