Hundreds crowd 96 year-old's £2m property auction

Hundreds crowd 96 year-old's £2m property auction



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By Dawn Murden
Hundreds of potential bidders flooded the auction of a 96-year-old woman’s £2 million portfolio of properties and land, it was reported in the Stroud News and Journal yesterday.
Auction season is back and big news; with magnates flocking to auctions around the country to get their hands on new projects, and the Gloucester auction, run by Charles Duncan estate agents, was no exception, with property developers, community land project reps and councillors in attendance.
Elderly Ella Lamplough built up her extensive property collection – which included 17 lots at an estimated total value of £1.88 million – with her family, and her sons decided it was time for her to sell.
The lots of land did surprisingly well at the event, with some selling well over their estimates.
A bundle of rural land  in Eastington, originally given a price tag of a mere £25,000, ended up selling for a very sizeable £140,000, while land at High Street in the Stonehouse area left behind its £100,000 tag and went for a whopping £240,000.
Four pieces of open land, and woodland in near Folly Lane in Stroud, also elevated their £10,000 prediction, and sold between £13,500 and £36,500.
Two grade II listed houses in Woodchester, went for £186,000 and £280,000, and a terraced cottage in the Nailworth was snapped up for £158,000. 
A four-bedroom town house in Painswick sold for £279,000, and a tin bungalow in Amberley went for £25,500.
In contrast to all the prosperous sales, two ground floor retail shops in Stroud High Street failed to meet the reserve price of £250,000.
Marcus Annfield, lettings manager at Charles Duncan estate agents told the Stroud News and Journal, and said: "An overwhelming amount of people from all walks of life turned up - it was a great advertisement for the property market of Stroud and the Five Valleys.”  

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