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Cardiff auction nets £1.2m for Seel & Co

Cardiff-based Seel & Co had its biggest auction yet last week when more than £1.2m of property was sold.

Auctioneer Mansell Edmunds said that demand was good “across the board”.

“The room was absolutely packed and we sold approximately 90%,” he said.

The biggest surprise of the day was a decommissioned electrical substation in Taffs Fall Road, Pontypridd, offered by a private client with no reserve, which made a staggering £44,500.

A leasehold terraced house in Edmondstown Road, Tonypandy, held on a 99-year lease from 1905, was also offered at nil reserve but was knocked down for £8,500.

“We were astounded when it sold for that sort of money as we reckoned it might have made only £9,000 to £10,000 if it was freehold,” said Edmunds.

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