Auction House reports record sales in 2022 - but predicts challenging months ahead

The UK’s largest property auctioneer Auction House is reporting a record number of sales in 2022 (4,132 compared to 3,606 in 2021) – and the first time the network has broken through the 4,000-lot threshold in the group’s 16-year history.

The total money raised by the auctions last year has also risen accordingly – up 4% (some £24.5m), to £630,683,784.

Managing Director Jeremy Prior put the increased figures down to the unique structure of the Auction House network of branches and their regional

Leading property auctioneers, Clive Emson report on their final auction of 2022....

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We’ve made it through the last auction of the year! And what an auction it was. From churches to schools and a plethora of idyllic rural cottages, December really gave our auction house a treat. 

But don’t be sad because it’s over for the year. There are still a few unsold lots for you to browse through on our website or our newsletter to keep you busy. In the meantime, let’s take a look at some of the properties that did sell this month.

Stone cottage for refurbishment

Up first, we have Lot 16, a

Successful sale, ends 2022, for Auction House London despite auctioneers warning the property market is challenging.

Auction House London is warning there are tough times ahead in the property market, but that people are still bidding and buying. 140 lots sold at its recent livestream auction (Wed 7 Dec 2022) which raised more than £26m (£26,346,600) with a success rate of 84%. Lot 1  (pictured below) set the pace for the auction with the

More investor-owned stock on the market than at any time since 2019 says Auction House, as sales rise by 10%

Auction House, the UK’s largest property auctioneer, says it is witnessing more investor-owned stock going under the hammer than at any time in the last three years.

Auction House Managing Director Jeremy Prior said: “There’s no escaping the fact that there are some incredibly challenging conditions out there. As a result, many investors are looking at their portfolios and reviewing the situation, and investors of all types recognise that if they need to adjust their stock the

Sutton Kersh Auctions held their final auction of their 20th anniversary year. This year saw the Merseyside based auction house sell 510 Lots worth over £58 million.

‘The last 12 months has been a bit of a roller coaster within the property industry; there have been some incredible months with exceptional sales figures, a vast number of new buyers registering with us and proeprties selling before we could even list them online due to the exceptional demand. The last few months, however, have seen much unrest and uncertainty for many, but results from our last two auctions show there is still

SVA Property Auctions, Scotland’s independent property auction company, achieved 100% success for its November auction with all 7 lots sold, six of which were sold on the day, under the hammer.

Says Shaun Vigers, SVA director and auctioneer: “This was our final auction of 2022, a year in which we sold 44 out of 45 lots and raised almost £2.5 million. With multiple bidders registered for most of the lots, we were expecting to finish on a high and prepared for bidding to be intense and competitive. And on the day the virtual room certainly lived up to that expectation, featuring robust bidding

With the market showing tentative signs of stabilising in November, SDL Property Auctions hosted a mammoth November auction, where a catalogue of residential and commercial lots went under the hammer, with £14.6m being raised over the course of the month.  

Particularly strong results were achieved across a range of commercial properties. In Sheffield, the Eckington Community Centre was offered for sale with a guide price of £75,000+ plus fees. Sitting on a site of approximately 2.6 acres, it offered great potential for redevelopment, subject to the appropriate planning consents being

An Edwardian former school building in Walsall with a guide price* of £1.275 million will be among the star lots appearing at Bond Wolfe’s next auction on Wednesday 14 December.

Most recently used as an Islamic boys’ school, the 1.33-acre site in Kent Street offers redevelopment potential for a wide variety of uses, including residential.

The Former Abu Bakr School has been empty since the school closed during the Covid pandemic and then moved to new premises in Queen Mary Street.

The property was previously part of the North Walsall Junior & Infants School, built in 1904.

Pa

A 16th century servant’s house built near the Royal town of Sutton Coldfield is appearing at Bond Wolfe’s next auction on Wednesday 14 December, with a guide price* of just £1.

The tall and narrow High Heath Cottage on Withy Hill Road, once known locally as “Mutton’s Castle”, is located between Moor Hall Hotel and Bassetts Pole.

Now Grade II-listed, the property is one of a number of stone houses of a kind not found anywhere else in England and was built by John Harman, who became Bishop Vesey, a keen local benefactor.

Bishop Vesey is said to have built more than 50 of these

Auction House sales soar 10% in most challenging market for 15 years – as stamp duty cuts are set to stay until 2025.

Auction House UK, the country’s largest property auctioneer, has sold a total of 3,369 lots so far this year – a full 10% above the figure achieved for the same period in 2021.

 The group’s success rate has also remained steady at 80% for the year to date, with the total money raised for clients standing at over £534m (£534,017,610) – up on the £520m (£520,167,529) raised at this stage last year.

Auction House Managing Director Jeremy Prior said: “Despite uncertain