Sidney Phillips sells 50% of pubs offered for auction

The Golden Heart in Tredworth, Gloucestershire, was the only one to sell during the auction. The pub sold for £150,000, off a guide price of £175,000.

Seven properties sold prior to the auction. These included the Fwrrwm Ishta Inn in Machen, Caerphilly, south Wales, which had a guide price of £265,000; the General Picton in Maesteg, Bridgend, which had a guide price of £100,000; and the Beacon Inn in Haresfield, Gloucestershire.

Two pubs sold after the auction — the Rhoswenallt Inn in Aberdare, Rhondda Cynon Taf, which had a guide price of £165,000; and the Goodrich Hotel in Caerphilly, south Wales.

The remaining 10 that did not sell included the Old Coach House in Fishguard, Pembrokeshire, which had a guide price of £225,000; the Lion Inn in Briton Ferry, Neath, Port Talbot, which had a guide price of £120,000; and the New Rose & Crown in Rubery, Worcestershire, which had a guide price of £245,000.

A CP Bigwood auction saw nine out of 17 pubs sell, with five going at the auction and four sold prior to the event. The Brewery Tap in Worcester had the highest selling price at £190,000. The pub had a guide price of £170,000 to £175,000.

The Hollybush in Netherseal, Swadlincote, Derbyshire, sold for £80,000. It had a guide price of £115,000.

The Clements Arms in Small Heath, Birmingham, sold for £94,000. The guide price for the property was £85,000 to £90,000.

The Prince of Wales in Northampton sold for £67,500. The Trafalgar Inn in Burton-on-Trent, Staffordshire, sold for £120,000.

Last year, Sidney Phillips reported seeing a 40% increase in properties selling before they go under the hammer at auction.