Newly-protected farmhouse fails to sell
Thursday 19th September 2013, 12:17PM BST.
SLAPPING a protection order on a Guernsey farmhouse damaged its value, it was claimed yesterday as it failed to reach reserve price at auction.
More than 60 people filled the courtyard of White Gables, a granite farmstead in Les Prevosts Road, St Saviour’s, for the auction.
The owner, Swallow Services, bought the property for £1,240,000 in June 2012 and an estimate of £1m. to £1.5m. was put on the buildings and land.
Bidding started briskly at £900,000, but only two or three buyers were interested in the property at that price. The bids stalled at £1,120,000, which was below the reserve.
Martel Maides auctioneer Nick Renny refused to be drawn on what the reserve was or how far the bids were from it, but he believed having the property added to the protected building register had undoubtedly affected the public’s opinion of the farm.