Perthshire estate achieved 13.5% over the asking price after being offered in five separate Lots

The successful sale of Eastertyre Estate was one of the highlights of 2021 for Carl Warden, Partner and Head of Estate Agency.

The 111-acre estate, which centred around a nine-bedroom principal house, parts of which dated back to the 1500s, had been in the same family for a number of generations.

With outstanding views over River Tay to the hills beyond, the property also encompassed two detached cottages, grazing land, salmon fishing rights and woodland. Interestingly, the top section of the estate was subject to an SSSI as an important breeding ground for the Northern Blue Damselfly.

On the death of the last of the family, his Executors asked Bell Ingram to put Eastertyre to the open market and it generated significant interest when it was launched for sale in springtime.

To achieve the best possible outcome for our client, it was decided to offer the estate both as a whole and also as five separate lots - each of the three residential properties (with an area of surrounding land), the hill land with grazing, and the salmon fishing rights.

This highly successful strategy generated 173 viewings, which required careful organisation by our Agency team as Covid restrictions were still in place!

It went to a closing date after seven weeks and interested parties were asked to submit two offers each – one covering a complete ‘lot’ and a second offer with their ‘wish list’.

Fifty offers were received in total and the Estate was eventually sold in three lots achieving significantly above the initial listing at offers over £1.6 million.

Carl Warden said: “Eastertyre was a fantastic sale to be involved with and the complexity of the situation demonstrated Bell Ingram’s range of expertise and our ability to add value to your property sale.

“When selling a property like this, it is vital that you employ a professional agent who can navigate the market with experience and sensitivity.

“Our sales team can offer a full range of marketing strategies and create a bespoke blueprint to deliver maximum exposure which could result in additional offers and a higher value being attained.

“Looking ahead to the rest of 2022, we predict clients who bring land to the market in 2022 will be rewarded with strong prices.”

If you are considering an estate sale, our dedicated team is on hand to provide the expert advice you need to help achieve the best possible result. Contact Carl Warden on 01738 621 121 or email warden@bellingram.co.uk

Article posted on 21/12/2021

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