How much??? Tiny parcel of land goes for more than double the guide price at auction

This parcel of land in St Peter's Lane went for £162,000 at auction.

To look at it, it’s not much more than a tidy garden with a shed next to it.

But this walled-off quarter acre plot in St Peter’s Lane went for £162,000 – twice the guide price of £80,000.

It was sold by auctioneer Clive Emson, who billed it as “site in central city location with potential”.

Estate agent Charles Bainbridge says the figure is high for a plot which does not yet have planning permission for development.

Mr Bainbridge, whose offices are in Broad Street, says his firm recently sold a two-bedroom semi-detached home in the same street for £375,000.

Charles Bainbridge: “Went for a fair old whack”

“It’s a highly desirable area because it’s central and it’s just a really nice part of Canterbury,” Mr Bainbridge told the Canterbury Journal.

“But that said, for a site to go for this kind of price without planning consent is still a fair old whack.

“This particular area also doesn’t get a noise lot from the pubs.

“One of the things we’re finding is that the area is popular with people who have children at the King’s School.

“They might have homes elsewhere, but they want a base in Canterbury near their children.

“People who commute from to London from Canterbury West also find this a convenient place.”

St Peter’s Lane has seen the recent redevelopment of the old Kent County Council adult education centre site.

It was demolished to make way for a neat terrace of houses. Canterbury City Council is planning to allow the construction of nearly 16,000 homes across the district by 2031.

There are concerns that the city’s infrastructure will not be able to cope with the frenzy of house building. People living in south Canterbury are especially worried about effect the 4,000-home Mountfield Park development next to the Barton estate will have on roads.


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