A garage in Mantle St has just sold for £62,000 at a Taunton property auction. Bidding was fierce and started at £30,000, with the price doubling in just a few minutes as Stags auctioneer Michael Powell took bids from a crowded room.
The agents had described the property as “A Grade II Listed garage/workshop with studio over, in need of modernisation.” Scores of people viewed the garage and room above during the week before the sale.
Many were builders or developers seeking an opportunity to create a small flat or maisonette from a building that had been used for storing electrical goods for many years. Most were nervous of the challenge it presented, one saying “It could be a bargain but more likely an enormous money-pit.”
The auction guide price was £40-50,000 but it took just a few minutes to go way past that level.