The first Phipps & Pritchard auction sale of 1963 was held in February at the Lion Hotel and two riverside bungalows at Bewdley, producing £82.13s 8d per annum, gross, were sold. Lot 1 realised £230.00 and Lot 2 £185.00. Both the bungalows are described as being “built of timber with felt rooves”.
In April, again at the Lion Hotel, three investment properties at 69, 70 and 71 Peel Street, Kidderminster, were sold at a figure of £2,400, being the 16th bid after commencing at £1,000.
Producing £192 18s 10d per annum, gross, the three properties were built of brick with slate roofs.
Moving on to an auction on May 27, “Modern Lock Up Garages and Accommodation Land” achieved £5,600.
At the same sale, industrial premises at Lisle Avenue, Foley Park, Kidderminster, together with an administrative block, realised £9,000. A “Gentlemans Residence” at Torton, including tennis court and two and a quarter acres of land, was sold for £9,500.
In the sale in August, a building site at Chester Road South, Kidderminster, with “glorious views over the golf course” and “most conveniently situated for omnibus services, railway station, schools and recreational facilities”, was knocked down at the now seemingly incredual figure of £2,700. It had a frontage of 76 feet and a total area of 1,567 yards with benefit of planning permission for two properties.
Moving to October and a total change of property type – the petrol station and garage at West End, Cleobury Road, Bewdley, together with the bungalow, sold for £15,150.
Finally, in October, 1963, 75 people attended a sale at the Market Tavern, Comberton Hill, Kidderminster to witness disposal of “three important Country properties at Callow Hill”. Lot no. 1 Belmont, let and producing £62 8s per annum, was knocked down at £1,675 while Lot 2, a bungalow with Ccherry orchard extending to about one acre, offered with vacant possession, sold for £4,650.
Lot 3, a detached house known as “Gwynant”, Callow Hill, let and producing £50 10s per annum was withdrawn at £1,630 after commencing at £500. It was subsequently sold after the auction.
In our next glimpse in to the past, we will consider property auction prices achieved 70 years ago, in 1943.
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