Newport-based property auctioneer Paul Fosh has recorded his biggest sales figures in more than ten years at its latest online auction sale. Among the highlights was the sale of a Monmouthshire property on the site of a hotel where Admiral Nelson stayed.
Property to the total value of more than £5.8m was sold from a catalogue listing 91 properties in a sale which was held totally online.
The property business, which pre-lockdown featured regularly on BBC’s Homes Under the Hammer, said business continues to boom in a virtual sales world after being completely online since March.
Paul Fosh said: “The September auction was a really great sale. The interest and resulting sales was quite astonishing. It really was fantastic. We had tremendous results for our vendors and buyers.”
He added: “It was simply the best auction for us in more than ten years. The way forward for Paul Fosh Auctions now is undoubtedly online as the results just speak for themselves. I just can’t see us going back to ballroom sales for the foreseeable future.”
A Georgian town house in a Monmouthshire town on the site of a hotel where Nelson stayed in 1802 listed with a guide price of £160,000. The lot attracted 184 individual bids before eventually selling for £285,250.