Northumberland stately home sells for a snip at auction
Somebody has picked up the 25 bed property for £300K
Otterburn Hall, a stately home located in the Northumberland National Park, sold to an unnamed private buyer this morning for £305,000 at an online live-streamed auction held by SDL Property Auctions, part of Eddisons.
The 25-bedroom, grade-II listed Victorian country house was put up for auction with a guide price of £220,000 and is in need of total renovation. It has been disused since 2012 and had previously been used as a hotel for several years.
Andrew Parker, auctioneer and partner at SDL Property Auctions, said: “It was a great result all round that Otterburn Hall sold at the auction today. Buying a historic property of this size and in this state of disrepair is certainly not for the faint hearted and we wish the buyer all the very best with their plans for the property and look forward to seeing how things progress.”
Built in 1870 as a country retreat for Lord James Murray, the neo-Elizabethan brick and stone-built property, 30 miles north west of Newcastle, is set in 16 acres of grounds with its own woodland and lawned gardens, as well as a private lake and river with fishing rights.