Symonds & Sampson’s collective auctions see £3.6 million of properties sold under the hammer across Dorset, Somerset & Wiltshire during the month of October.
Auctioneer Mark Lewis was especially pleased with the work of his colleagues across the firm “We had 12 offices involved in the lots so we needed a lot of feedback and liaison from everyone but we are very lucky to have so many experienced, focused and dedicated staff and partners who were able to ensure as many people as possible were primed and ready to compete for the lots.
“It was interesting to see so many London buyers contesting
TV crews from BBC1’s Homes Under The Hammer, and Channel 4, witnessed a packed saleroom for Auction House London at the end of October (25 October 2018) which raised just under £20m.
Auction House London had its largest ever catalogue of 138 lots with 66% of those resulting in a sale. A number of properties attracted fierce bidding, selling considerably above their guide price, but equally some properties struggled to gain a high amount of interest. But one home which did pull in the buyers was a lower ground floor flat in Primrose Hill, northwest London. The apartment in Gloucester Avenue
A semi-detached house in Harrogate was the subject of some lively bidding at auction this month, pushing the final sale price well above the original guide of £150,000.
The three bedroom house on Oakdale Avenue was the first lot to come under the hammer at the October property auction by FSS estate agents and auctioneers and the bidding was broadcast live on social media. The hammer finally came down at £173,000.
Another high-performer at the October auction was a four bedroom house on Kirkby Road in Ripon which had a guide price of £190,000 and sold for £233,250.
The volume of sales completed this year by commercial property auction house, Acuitus, approached the £200m mark as its latest auction raised £46.25m with a success rate of 77%.
A busy and vibrant room witnessed bidding for all property investment sectors across the UK, and the trend for looking at alternatives to pure retail saw a Travis Perkins trade counter in Melton Mowbray sell for £1.4m at a yield of 4.38%. With nine years unexpired on the lease and no break options, the investment currently produces rental income of £65,000pax.
Acuitus auctioneer, Richard Auterac, commented: “Investors
Leading land agents Aston Mead have thrown their full support behind the winning idea in this year’s £50,000 Richard Koch Breakthrough Prize from the Institute of Economic Affairs (IEA).
The prize, supported by entrepreneur Richard Koch, sought to find the best and boldest entry outlining a ‘free market breakthrough’ policy to solve the UK housing crisis. It was judged by a panel including Jacob Rees-Mogg MP, Richard Koch and Mark Littlewood, Director General at the IEA.
The winning entry proposes the ‘Land Purchase Act’ – a market-based policy that centres on how swathes of public land can be
A former doctor’s surgery which was offered as a seven bedroomed property was one of the star lots at SDL Auctions Graham Penny’s Nottingham auction which raised over £2.4 million.
Andrew Parker, managing director and auctioneer at SDL Auctions Graham Penny, said: “There was strong demand for buy-to-let properties and investors were out in force.”
30 Regent Street in Nottingham has six bedrooms in the main property and a further one bedroomed self contained apartment. It had a guide price of £390,000+ and sold for £452,000.
Other properties that sold well included 69 Morley Street in Sutton
A property auction can be a thrilling way to buy property, and snap up a bargain. They aren’t just good for buying repossessed homes, it’s now possible to buy all kinds of properties at auction. However it is essential that you do your homework before trying to buy a property at auction, and you need to put a number of important things in place before you go. It does't matter what your reason for buying at auction is, the key to success is preparation.
Before you go to auction to buy a property there's a lot of groundwork that needs to be done. A good place to start is by making a list of must
An old favourite heads up the commercial lots in SDL Auctions Graham Penny’s Derby auction at Pride Park Stadium on Thursday 1 November which will see 56 lots go under the hammer.
From an area that is always very popular with commercial investors, 63-67 Wardwick in Derby is a valuable freehold property in the city centre. It comprises two ground floor retail units and one rear office or stage unit.
It is currently partly-let producing £19,000 per annum, which could rise to £25,000 when fully let. It has a *guide price of £125,000+.
Nick Trow, commercial valuer at SDL Auctions Graham Penny
There are plenty of properties for DIY fans looking for projects in the SDL Auctions Graham Penny auction on Thursday 1 November at Pride Park Stadium in Derby.
Robert Stone, senior valuer at SDL Auctions Graham Penny, said: “Our 56 lot catalogue features several examples of properties that can be developed into great family homes after they have been renovated.”
31 Town Street in Holbrook village is currently a one bedroomed period property with a large three storey rear extension but it has the potential for conversion to two bedrooms, subject to building regulations. There is also a large
Property auctioneers, Smith and Sons, raised over £2.5million its latest auction, selling in excess of 80% of the lots offered.
A busy room at the Village Hotel in Bromborough, together with multiple phone bids, generated good interest which resulted in another successful sale. The majority of potential buyers were investors and developers either looking to buy their first investment or strengthen their portfolios.
Chris Johnson, Auctioneer at Smith and Sons commented: “The auction room presents the ideal opportunity for both new and experienced investors, developers and builders to purchase a
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