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Very ordinary plot of land smaller than an acre sells for TWENTY FIVE times the guide price – but why?

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An ordinary plot of land measuring up to less than an acre has been purchased for over twenty five times it’s original guide price.

The shabby green space in Halliwell, Bolton, was originally put on auction for a guide price between £5,000 and £10,000.

However, when the gavel smacked down for the final time on May 15, it emerged a mystery buyer had bagged the 0.16 acre for a staggering £252,000.

The land was described by auctioneers, Auction House North West, as a plot with ‘endless possibilities and potential.’

A very run of the mill plot of land measuring up to less than an acre has in Wapping Street, Halliwell, Bolton has been sold for an eye-watering £252,000 (pictured)

A very run of the mill plot of land measuring up to less than an acre has in Wapping Street, Halliwell, Bolton has been sold for an eye-watering £252,000 (pictured)

The 0.16 acre stretch of land was originally put on auction at a guide price of between £5,000 and £10,000 but was quickly snapped up by a mystery buyer

The 0.16 acre stretch of land was originally put on auction at a guide price of between £5,000 and £10,000 but was quickly snapped up by a mystery buyer

But a large question mark continues to loom over the mystery bidder who purchased the grassy area of residential land  for such a high price.

No details regarding the buyer, who bagged the land located nearby Halliwell Road, have been shared. 

The six-figure plot previously had rubbish dotted around amongst the ten mature trees that stand in the space. 

Promotion surrounding the sale of the land only took place over a two day period in early May. 

The price of the plot could raise eyebrows but the advert for the property suggested its potential. 

It read that the area was described as suitable for a ranges of uses ‘including development’.

A ‘For Sale’ sign as well as ‘No Ball Games signs’ were spotted on the grassy area by a Local Democracy Reporting service at the beginning of the week dated May 27.

It is believed the plot used to contain terraced homes but they were demolished in the 1960s or 1970s and nothing was built in their place, The Bolton News reports.

Nearby residents have been left baffled by the eye-watering price the land was sold for.

One woman, who resides on nearby Duxbury Street, said: ‘We’ve lived here 34 years and it’s always been open land like that. 

It is believed the plot used to contain terraced homes but they were demolished in the 1960s or 1970s and nothing was built in their place

It is believed the plot used to contain terraced homes but they were demolished in the 1960s or 1970s and nothing was built in their place

‘Obviously it was a row of houses at one time but not for decades.

‘I saw it was up for sale and joked to my husband that if we bought it at least we’d have somewhere to park. I’m stunned it’s been sold for so much.’

Another member of the community, who was walking his dog, was taken aback by how much the 0.16 fetched at auction. 

‘£252,000? Wow. That’s surprised me,’ he exclaimed.

‘There’s not much green space around here and those mature trees on the land should be protected as there doesn’t appear to be anything wrong with them.’



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