More than £1.7 million raised at SBK’s land and property auction

An impressive £1.7 million was raised when just six lots successfully went under the hammer at SBK’s auction last week.
A Grade II listed castle, a Methodist chapel and a three-bed countryside house ripe for renovation were among the gems featured in the sale which took place at Chipping Norton Town Hall on Monday, November 28.
With 100 people in the room and many more online, it was led by SBK’s head of auctions, Matt Burrows.
In total £1,715,775 was raised on the night representing an average of 44% above the guide price and all lots sold.
Matt said: “Our inaugural land and property auction achieved a huge success with all our lots selling on the night.
“We had a wide range of lots on offer, from a former Methodist chapel, 18 acres of land and a fire damaged Grade II listed property set within six acres.
“The standout listing was the former Methodist chapel in the delightful Warwickshire village of Knightcote. Starting with a guide price of £36,000, more than 75 people arranged a viewing and more than 20 registered to bid on it.
“After a round of fierce bidding, it went for an incredible £94,000 achieving 161% above the guide price.
“The success of the auction shows the demand for sellers wanting to achieve a fast and secure sale and buyers keen to secure a property immediately, only having to wait 20 working days to get their keys.
“For sellers who are keen to achieve a sale on their property without the risk of a buyer pulling out and not having to wait many months for the sales progression, an auction can prove ideal.”
Future sales will take place both online and in person at least every quarter with the next one due on Tuesday, February 21, 2023.