Once a property has been listed for sale in an auction, it is possible that you might receive pre-auction offers. Unlike in many sales processes, this is permitted and allowable. In fact, as your auctioneer representing your interests, we are obliged to present you with the offer and allow you to decide how you would like to proceed. But should you sell a property before auction day?
The right decision will depend on several factors, not least an assessment of the interest in the property and how likely the auctioneer thinks you are to receive a higher offer or competitive bids above your
Auction stations across Essex
An auction bidding war erupted over a unique, detached property with a self-contained annexe and detached double garage in an urban setting north of Southend.
Oakdene in St. Marys Road, Wickford was among 135 lots in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
It finally went under the gavel at £470,000 at the firm’s auction which ended on Wednesday 7 February – £170,000 about the guide price.
Senior Auction Appraiser Russell Hawkes said: “This one really took off with
Residential properties sell at auction
Houses in Penryn, Redruth and Hayle have sold through Clive Emson Land and Property Auctioneers.
A three-bedroom terraced house in Bay View Terrace, Hayle, went for more than £50,000 above its freehold guide price.
It eventually fetched £202,000, well in excess of its guide of £150,000 plus.
Senior auction appraiser Katie Semmens said: “Properties of this quality in pleasant residential locations remain in strong demand among owner occupiers and landlords.”
A modern, three-bedroom house in Gweal Pawl, Redruth, fetched £190,000.
Katie said: “The
The first Acuitus commercial property auction of the year on February 15th features three prime assets in Nottingham.
A fully-let retail parade, with significant upper parts, at 13-25 Milton Street in the heart of Nottingham produces a current annual rental income of £210,275 and is guided at £2.1m+. On the busy Lenton Lane Industrial Estate, a rarely offered electricity generation facility is also up for auction with a guide price of £1m+. It is located on a 3.25-acre site and produces an annual income of £72,000 which will rise to a minimum of £105,034 in 2025 on a lease expiring in 2035.
Cheffins Property Auctions finished 2023 on a high, with a 100% sale success rate for the lots offered in its December auction.
The result was an indication of the strength of the auction market, with all types of property included in the sale, many of which sold far in excess of their guide prices.
The land lots fared particularly well, with strong bidding on all lots - the strongest competition came for the 10.18 acres of grassland at Lidgate, Suffolk. The land was subject to frantic bidding from multiple parties and sold for £186,000, far over its guide of £80,000 - £90,000. Ian Kitson
CHAPEL PLACE: An 18th Century property with planning permission for seven flats, previously a former adult education centre at Ramsgate, Kent, which also served as a vicarage in the past, has a guide price of £600,000 (lot 89) and is among 135 lots listed across southern England in the first auction of eight by Clive Emson Auctioneers this year. The auction ends 7 February, with bidding live 48 hours beforehand.
The regional land and property auctioneers have been instructed by vendors to sell 71 vacant residential lots, 16 investment, 30 commercial, 11 development and
A house needing improvement just outside Chelmsford city centre is set to go under the auctioneer’s gavel next month. (wed 7 feb).
Three-bedroom 26B Tower Avenue is among 135 lots in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Offered jointly with Bond Residential, it is listed with a freehold guide price of £350,000-plus and vacant possession.
Regional Director & Auctioneer Paul Bridgeman said: “The property is now in need of some improvement and modernisation but does have
A mixed use property in the popular coastal town of Fowey has a freehold guide price of £235,000 to £250,000 at auction. (WED FEB 7)
It is among 135 lots listed in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Being auctioned on the instructions of executors, the three-storey property is located at 3 Custom House Hill in the town centre.
Auctioneer David Henwood said: “This is a rare opportunity to purchase a freehold terraced property, situated in the heart of Fowey.
“It is currently arranged over three
Two houses in the property hotspot of St Ives are coming up for auction next month. (WED FEB 7)
They are among 135 lots listed in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
An end-terrace house in Porthia Road, St Ives, has a freehold guide price of £205,000 plus.
It has two bedrooms and good size gardens to the front and rear. It is being auctioned in arrangement with Marshall’s Estate Agents of Penzance.
In nearby Porthia Close, another two-bedroom house is also going under the gavel. It has a freehold
Eighteen garages set for Clive Emson Auctioneers sale
Three blocks of lock-up garages in a residential part of Frome are available separately at Clive Emson' next auction. (WED FEB 7)
The terraces are located in the Feltham Drive area. Two sets, off Stonewall Terrace, each have five garages and freehold guide prices of £24,000.
The third, located off Southfields, has eight garages and a freehold guide of £42,000.
Senior auction appraiser Audrey Smith said: “These blocks are located in a popular residential area on the outskirts of Frome.
“They are likely to be of interest to investors for