Wick, Lyth, North Highlands: Old farmhouse sold by Auction House Scotland

A converted farmhouse in the North Highlands sold well above its guide price at an auction which saw 22 lots sold for a total of £1,805,499.

Auction House Scotland described bidding at its latest sale as ‘fast and furious’ as it noted that Swartiebank House in the village of Lyth, near Wick, had gone well above its guide and prices reserve.

The property, which is surrounded by countryside and set in two acres of land, was listed at £120,000, before selling for £137,000.

Auction House Scotland noted that 91% of the lots on offer have been sold. The auction took place simultaneously online and at the Radisson RED hotel in Glasgow, with auctioneer Colin West on the podium.

Mandi Cooper, Managing Director of Auction House Scotland, said: “We are delighted with the results of our June auction, achieving our highest success rate this year in terms of lots sold and amount raised. We had a great mix of in-house, internet, telephone and proxy bidders that day, which gave potential buyers great flexibility when trying to secure their desired auction lot.

“And with our live stream available online, those who weren’t able to make it into the room could still be part of the bidding action. We had our highest number of internet bidders yet. , indicating the growing popularity of this method of buying property at auction.It is convenient and potential buyers can bid from anywhere in the world if they have a good internet connection.

She added: “Looking ahead, as we enter the second half of 2022, there is no doubt that there will be more turbulent economic times ahead. Auctioneers have always performed well in difficult times, and we believe we will continue to see an increasing number of buyers and sellers of property.