Acting on behalf of North Devon Council, Webbers Estate Agents have achieved an outstanding in-the-room auction result this week, as a long-neglected South Molton home soared to an impressive £107,000, more than double its guide price.
The property, an abandoned and deteriorating terraced house just a short walk from the town centre—offered huge potential for those willing to take on a full modernisation project. The spacious accommodation includes a lounge, kitchen, rear hallway with storage and WC on the ground floor, with three bedrooms and a bathroom upstairs. Outside, the home enjoys gardens to the front and rear along with a garage—features that sparked the imagination of many would-be renovators.
That imagination translated into extraordinary levels of early interest, with close to 60 viewings taking place in the run-up to the sale. By auction day, nearly 30 registered bidders and many curious onlookers, packed into the Assembly Rooms in the heart of South Molton, creating a vibrant atmosphere on an already bustling market day.
Company Director and Auctioneer, Lee Hussell, presided over the pre-auction formalities before opening the bidding at the guide price of offers over £50,000. A flurry of early bids pushed the figure upward at pace, before the contest settled into a fierce two-way battle between determined bidders. After a spirited exchange, the gavel finally fell at £107,000, with a local buyer emerging victorious.
Speaking after the sale, Lee commented: “This property really struck a chord locally and attracted terrific interest from the outset. It’s incredibly rewarding to see a home that has stood unloved for so many years now on track for a new chapter. The fact that a local buyer secured it makes the result even more special for the community.”
Lauren Jones, Local Director of Webbers’ South Molton office, added: “What an exciting day and a wonderful result. The room was full of energy and it was fantastic to see so many local people eager to bid. I’m really looking forward to seeing the transformation once the renovations are complete.”
Today’s success underlines the strength of auction as a method of sale, particularly for unique properties, projects, and homes requiring work. The speed, certainty, and transparency of the auction process ensures all interested parties compete fairly, often delivering exceptional results for sellers.
Webbers have a long-established track record in both traditional in-the-room auctions and bespoke online auction solutions. For anyone seeking a quicker, more certain route to sale, auction may be the ideal option.
For more information, please contact Webbers South Molton Office on 01769 573181 or Auctioneer Lee Hussell on 01271 869119.
