£2.2m Manor House star of February auction
A Grade II listed Manor House was the star of the sale at our 20th February national property auction.
Dating back to the 15th Century, Rowfant House, a substantial Manor House and ancillary buildings set within 22.5 acres in Crawley, West Sussex, achieved the highest price of the day. Following competitive bidding with a busy auction room, the property was sold for £2.2million off a guide of £2million plus.
The sale was our first of 2020 and we raised £6.5million in the room. Further post-event sales are expected which will increase our overall total. To view our available properties please click here.
Notable sales include a freehold vacant house for improvement in Clapton, E5 which sold for £930,000 off an £850,000 plus guide, and two freehold residential investments in Forest Gate, E7 which sold for £441,000 and £413,000 respectively, considerably above their £350,000 guide prices.
As with previous Strettons' sales, a series of land investments which are currently used as locations for billboards, sold on behalf of advertising agency JC Decaux performed well. A site in St Albans, Hertfordshire reached £210,000, slightly above guide, whilst one in Leeds, West Yorkshire, went for £18,000.
In Oxford, Oxfordshire, a former electricity substation with lapsed planning permission for conversion to a one-bed house sold for £295,000, £195,000 above the guide price.
Prior to the sale, our pre-auction Property Expo and networking event was very well attended and is something our auction team will be introducing to sales on a regular basis.
Overall, it was a mixed sale, with some properties performing well and achieving price above the guide, with others failing to make reserve, which is a reflection of the market at present.
Our next sale is on 7th April, if you have a property that you would like to sell at auction, please do contact the Strettons Auction team for advice.