Auctioneer I AM Sold, which operates through white-labelled services provided to agents, has sold a property which achieved the highest value in the company’s history.
The six-bedroom home set in an acre in Felbridge, West Sussex, was sold via agent Howard Cundey using the modern method of auction.
It sold within 34 days for £10,000 above the starting bid.
I AM Sold was launched in 2009 and established its southern arm last year. It now has 450 partner agents in the region, and says that for every sale agreed, the vendor’s minimum figure has been achieved.
Julian Lavender, business development director for I AM Sold’s southern and midlands regions, said: “As this Felbridge sale demonstrates, auctions are no longer just for run-down properties that are tricky to sell or focused on targeting investors picking up a bargain. Over 60% of our buyers in the southern region have been owner occupiers.”