Blogs

Auction House, the UK’s largest property auctioneer, is reporting the highest number of April sales in the group’s 11 year history.

The award-winning auctioneer sold a total of 306 lots during the month - a 16% rise on the 264 sales in 2017, with a combined value of £43.6m. This included the sale of the 1,000th lot this year – a milestone reached one month earlier than last year. The property concerned was a semi-detached bungalow in Stanton Avenue, Northampton (below), which sold above its £135,000-£155,000 guide price, for £156,500.

Commenting on the figures, Auction House Founding Director

Here is a preview ahead of what promises to be an exciting May property auction in Harrogate for FSS.

Lots range in price from £50,000 to £900,000 in one of the most diverse and interesting sale events we've had for some time.

FSS auctioneer Richard Smailes said he and his team were looking forward to showing prospective bidders around the properties, which include a Grade II Listed character cottage in Knaresborough, a farm with planning permission for two individual barn conversions near Kirkby Overblow (pictured) and a prime commercial property right on the Market Place in Knaresborough.

“

A seven bedroom villa was the stand out result in SDL Auctions Graham Penny’s April Leicester auction at the King Power Stadium.

The property at 15 Westcotes Drive in Leicester went under the hammer with a *guide price of £200,000+ but after competitive bidding it sold for £301,000.

A house of multiple occupation (HMO) over three floors, it was described by Carl Finch, senior auction valuer at SDL Auctions Graham Penny, as a great buy-to-let investment which could bring in a rental income of around £28,000 per annum, giving a return of close to 10 per cent.

Other properties that sold well

A property which has been in the same family ownership for over 50 years has sold at Network Auctions 19th April London sale for £225,000 to a bidder who flew over from Switzerland specially to bid on the lot.

The three bedroom non standard construction property in a plot of approx. 0.42 acres located in Teignmouth Devon attracted considerable pre-auction interest due to its superb sea views towards Lyme Bay. The property guided at £175,000 – £200,000 saw a hot bidding war between locals , Londoners and the eventual successful Swiss buyer and achieved £50,000 more than the lower estimate.

Ric

Hey peeps,

I've a rather quirky property to show you today. We're headed for the East Midlands for this one and I reckon it's probably got something for everyone in the mix. So, whether you're an investor, developer, or owner occupier seeking a project, please read on and see what you think of this little gem...

This fantastic Georgian property in Nottinghamshire boasts many wonderful features, as well as four bedrooms and a stunning location, but it's the inclusion of a Grade II Listed Windmill that first grabbed my attention here! It's not every day an opportunity like that comes along

With a quarter of all households in the UK expected to be renting by 2025, it’s no surprise that investors remain keen on property. To help you identify a lucrative investment opportunity, Romans’ Lettings Managing Director, Richard O’Neill has identified five factors every landlord should look for in a property before buying to let.

1) Local employment opportunities

To attract quality tenants, choose an area where big businesses are based or areas with a number of local employers.

2) Excellent transport links

Proximity to a rail station or the motorway network will make a home more appealing

The UK’s largest property auctioneer Auction House is reporting an “encouraging” first quarter of 2018 with sales exceeding those from last year, and a “healthy” number of entries into April’s auctions.

The award-winning group sold 722 lots in the three months from January to March, compared to 712 in 2017, with a 76% success rate and raising a total of more than £85m (£85,473,000). It has also entered 485 lots into this month’s sales, compared to just 407 in April last year.

Auction House Founding Director Roger Lake said: “This is another encouraging set of figures – especially when you

Commercial property proved popular in SDL Auctions Graham Penny’s April Derby auction at Pride Park Stadium with £5.2m raised in sales.

City Pizza, 71 Wardwick in Derby city centre, a part let, part vacant investment opportunity certainly delivered, selling for £224,000 from a *guide price of £125,000+.

Bidders recognised the potential in the four storey freehold property. The ground floor and basement are currently let on a rental of £15,500 on a 15 year lease expiring in 2026, but the potential for growth is contained upstairs.

The vacant first and second floors are self contained and are

Sellers of high end properties are choosing to sell their homes at auction rather than by private treaty, as salerooms prove they can deliver on price and timing.

A large six bedroom house in Northolme Road, Highbury, London, attracted a lot of attention from bidders. It had a good sized garden but needed updating. It started with a guide price of £1.45m and after strong bidding sold for £1.59m.

Director and auctioneer, Andrew Binstock, said, “The answer is to be brave and put your house up for sale though auction, where it can reap great rewards and fast. A number of people who intended to

One of the largest residential investment opportunities in Birmingham for several years has been sold for over £2.1m by leading property auction business SDL Auctions Bigwood in partnership with GVA.

Mulberry Court in Sutton Coldfield was included in the catalogue for SDL Auctions Bigwood’s March auction with a *guide price of £1.8m, while a private treaty marketing process was run in tandem by GVA.

Toby O’Sullivan of GVA’s Restructuring Solutions team, said: “This unique ‘twin track’ approach to marketing has yielded significant success over the last 12 months, maximising the realisable