Mansfield auction nets 100 per cent success rate for Barnes

The auction at The Towers.
The auction at The Towers.

It was yet another successful collective sale of land and property by public auction for W. A. Barnes at The Towers in Mansfield.

One hundred per cent of the residential lots on offer were sold under the hammer during the event on 18th February.

Of the notable results achieved, were:

l A 0.78-acre site at Lawn Ave, Sutton, with potential for residential development was knocked down at £185,000 after intense competition - proving that confidence from speculators willing to gamble on obtaining a planning consent is returning.

l There was huge demand for a house let on a regulated tenancy on King Edward Avenue, Mansfield. This drew £119,000 – around double the reserve.

l A one-acre paddock on Rickett Lane, Blidworth, achieved a ‘staggering’ £24,000. The vendors were going to sell it by private treaty for £15,500

Barnes says it believes ‘savvy’ vendors will compare its results to others in the industry and realise that its auctions continually deliver the best chance of success.

Meanwhile, final entries are now being considered for the next auction in April.

Anyone who has a property and wishes to secure a fast, definite and transparent sale at full market value, then contact Barnes.

For more information contact Tom Smith on 01623 554084 or email him viatthmsmith@wabarnes.co.uk.