Somerset Property Auctions 2024: Leading auction company in Somerset, Greenslade Taylor Hunt (GTH), reports that auction prices for homes, land, and commercial properties in Somerset had a significant increase in 2024. With agricultural property, homes, and commercial estates all under the hammer at astounding rates, the year saw notable expansion. These auctions highlighted Somerset homes’ increasing appeal for both personal and commercial interests.
Key Auction Sales in Somerset for 2024
Agricultural Land Auctioned at Premium Prices
Somerset Property Auctions 2024: Selling for £199,000, a 9.93-acre piece of land at Fiddington, close to Bridgwater, sold for £20,000 per acre, making one of the outstanding sales. The high cost per acre draws attention to Somerset’s growing agricultural land worth.
Two acres of appealing amenity grazing property sold for £66,000 at Croscombe, near Wells. Although the recommended price for the land was just £25,000, it sold for a notable premium, demonstrating the great demand for such homes in the area.
Farmhouses and Residential Properties Sales Above Guide Price
Selling for £559,000, Benville, close to Corscombe, Dorset, is a roomy three-bedroom farmhouse far over its recommended price. The property was under an agricultural tie, hence only those working in farming or related rural businesses could live on it. Notwithstanding this limitation, the house drew a lot of attention and sold for a reasonable amount.
Attractive for people seeking a rural escape, the property had permanent grazing land and a succession of lakes covering around 8.63 acres (3.49 hectares).
Commercial Property: Church Converted into Flats
Under the hammer, a converted church at Hatch Beauchamp, close to Taunton, likewise sold for £270,000. This business investment—which had been turned into apartments—showcased Somerset’s rising demand in unusual and creative homes.
Such properties, particularly those with conversion possibilities, have attractiveness that has driven building like this one’s auction prices up.
The Successful Renovation Story of Willow Cottage
One of the most odd transactions was for Willow Cottage, a house left uninhabitable for several years after fire had destroyed it. It sold for £202,000, £52,000 above its pre-sale recommended price despite its disrepair and lack of planning approval. This transaction represents the rising faith in refurbishment projects—even those requiring major repair.
Next Auction: First Sale of 2025 GTH
Looking ahead, on February 27 The Shrubbery Hotel in Ilminster will host the first auction of 2025. Among the various interesting homes on the auction will be 55 North Street in Wellington. During repairs of the main library, this notable structure housed the library for the community. With the required consents, the property provides excellent potential for conversion into a home; its recommended price is £200,000.
As more buyers and sellers use livestream auctions, GTH’s auctions are becoming more and more popular. This fresh approach to property sales is drawing more people, therefore simplifying and quickening the process.
Table of Notable Properties Sold in 2024 Auctions
| Property Name | Location | Sale Price | Guide Price | Key Features |
|---|---|---|---|---|
| Fiddington Land | Near Bridgwater | £199,000 | £20,000/acre | 9.93 acres of agricultural land |
| Croscombe Land | Near Wells | £66,000 | £25,000 | 2 acres of pasture land |
| Benville Farmhouse | Near Corscombe, Dorset | £559,000 | N/A | 3-bedroom farmhouse with 8.63 acres of land |
| Converted Church Flats | Hatch Beauchamp | £270,000 | N/A | Converted church into flats |
| Willow Cottage | Unspecified Location | £202,000 | £150,000 | Fire-damaged cottage in need of renovation |
Why Are Somerset’s Auctions Popular?
Driven by things like the rising demand for land, homes, and distinctive commercial buildings, Somerset’s property market has experienced increasing auction activity. Because of their efficiency, openness, and capacity to draw competitive pricing, auctions are starting to be a preferred approach for selling real estate. Particularly GTH’s livestream auctions have made purchasing and selling homes from anywhere in the globe more accessible.