Thursday, 5 July 2007

*Cave home makes £100,000 at auction

The cave home that I reported on earlier this week made £100,000 – four times the auctioneer estimate. I had predicted that that it would go far in excess of the estimate. A £25,000 estimate was ridicules.

Rock Cottage in Wolverley, which is hewn out of a sandstone cliff and has three adjoining caves, five acres of mixed woodland and associated garden land.

The auctioneers were surprised with the ‘unbelievable interest’. I’m not sure why, something like this will always generate a lot of excitement. There were over 50 requests for viewing and one person came from Spain for yesterday’s auction. In the end, it was bought by a neighbour because she wanted it "to stay exactly how it is"

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