Pype Hayes Hall has once again failed to find anyone to buy it at auction.
The 16th century mansion was listed at £350k in the Bigwood guide book for the auction at Villa Park’s Holte Suite today, but the auctioneer had to drop the price down to £200k before anyone showed any interest. One further bidder chipped in with an offer of £225k but that was it. The auctioneer revealed that he would sell the price property for £250k on behalf of Birmingham Council. But despite his pleadings, no further bidder raised a hand.
Pype Hayes Hall was then withdrawn from the auction, for the second time in less than four months. In the September auction, the bidding went up to £385k but failed to reach the Council’s asking price of £400k.
Nine of the council’s eleven properties listed in the auction today were sold.
In total, the Council has banked £2,242,000 from today’s sales.
A former care home at 889 Chester Road fetched £250k, but the adjoining houses at 893-5 Chester Road that also used to be a care home failed to reach the asking price of £330k and were withdrawn. The highest bid fell just short at £320k.
A former nursery in Sparkbrook was sold for £270k.
Highest price of the day fell to Aston Council House, a late 19th century listed building on Albert Road that used to be a library and council offices. It fetched £425k.
The first lot of the day, a council property that used to be a shop in Stirchley, and was too derelict to allow viewings prior to the sale, was listed at between £5k and £15k.
It sold for £60k.
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