Troy House, the 17th century Grade ll Listed building in Monmouth has been sold at auction.

The property, which stands in six acres of grounds, was part of an online sale organised by the Allsop residential auction team.

It far exceeded its guideline price of £200,00 selling at £1.356m.

Gary Murphy, Auctioneer at Allsop said of Troy House: “A building of this historical importance, and in need of so much work, will always be very hard to price.

’’Selling the property via auction was the perfect way to maximise value and drive competition.

’’Potential alternative uses ranged from residential apartments to a boutique hotel. Competition between different bidder categories was intense.”

Troy House was the largest virtual online sale of the day which in total raised more than £28m.

Mr Murphy added that the transition from in room sales to online has been ’remarkably smooth and has been received well, by both vendors and buyers’.

Unable to offer group viewings due to safety restrictions, Allsop arranged virtual tours for the majority of the 88 vacant properties offered.

’’Prior to auction day, we sold 14 lots and received over 1200 pre-registered bidders for the 160 lots. We feel that bidders are very comfortable with this ‘new normal’, he said.

Allsop’s next residential sale will be held online on July 16.