A rare bungalow that could make an ideal investment for a serious developer will go under the hammer in the next SDL Auctions Graham Penny auction in Nottingham this Thursday (7th December).
The semi-detached dormer bungalow at 16 Barton Road in Long Eaton has been partly renovated and comes with a competitive *guide price of £59,000+.
The property currently has a spacious bedroom upstairs which could easily be converted into two bedrooms and an extra bathroom, subject to planning consent.
Vejay Pal, senior valuer at SDL Auctions Graham Penny, said: “Bungalows are becoming a rare commodity on
Leading land broker Aston Mead Land & Planning has hit back at a theory that landowners should be forced to sell potential building plots to councils at drastically reduced rates, in the event of compulsory purchase by the state.
Director Adam Hesse was responding to a suggestion made by the Editorial Director of Civitas, Daniel Bentley, who was putting forward an idea to “fix the broken housing market”, in The Daily Telegraph last week.
In the article, Mr Bentley writes: “In simple terms, councils would be allowed to purchase land that doesn’t currently have planning permission at something
Christie’s Estate Agents, partner agents with Network Auctions, have entered the First Church of Christ, Scientist, a freehold site of 0.32 acres occupying a prominent position on Cheam Road, Sutton, Surrey.
Guided at £750,000+ and set to go under the hammer on December 7th, the lot has drawn early interest from eager bidders. Located close to Sutton station the site comprises modern two-storey church buildings with a car park and landscaped grounds to the front, side and rear and offers development potential.
Being sold with vacant possession by order of the trustees, the site and buildings
Ten Manchester properties complete with tenants already paying healthy rents are going under the hammer in the next SDL Auctions North West auction at the AJ Bell Stadium on 12 December.
The houses in Moston, Harpurhey, Gorton, Openshaw and Newton Heath are all offering yields of around 9 per cent or more, based on their guide prices which start from £65,000+.
There are eight terraced properties with two bedrooms and two terraced properties with three bedrooms included in the auction catalogue, most of which are fitted with double glazing and gas central heating.
Award-winning brand Auction House has been joined by Coventry & Warwickshire-based auctioneer Loveitts, increasing the company’s total number of auction rooms nationwide to 41.
Formed in 1843, Loveitts carried out its first auction over 100 years ago, and is now the most successful auctioneer in the area, supported by branches in Coventry, Nuneaton, Leamington and Southam.
Auction House Founding Director Roger Lake, said: “We are delighted to welcome Loveitts to our ranks. They are a significant player in the industry with decades of auction experience behind them. This move gives Auction
Cheers sounded throughout the saleroom for Auction House London at its upbeat auction on 31st October, as the hammer came down on its first lot of the day at almost £100,000 above the guide price.
More than 500 people witnessed the tense bidding on a three bedroom terrace property in Edmonton, London, which started at £250,000 and sold for £344,000. The house in Montagu Road needed total modernisation and clearly appealed to a lot of buyers.
Director and auctioneer, Andrew Binstock, said, “This was an exciting sale and the bidding was fierce from start to finish. It was a highly charged
It's important that you view a property before you bid for it at auction. There are so many things to consider and often the most important questions are forgotten.
Ask the relevant questions by taking our helpful checklist with you on your viewing. It may also be useful to take along the property details supplied by the auctioneer to ensure that their information is accurate.
Also check the property for signs of subsidence and confirm that the exterior is in good condition especially the roof and drainage. Double check the boiler, electrics and plumbing in the property and make sure they are
Auction House North West has celebrated its first anniversary with its biggest ever record-breaking October auction, grossing more than £6m, at a sale success rate of 75%.
The event at the Macron Stadium – home to Bolton Wanderers FC – attracted 131 lots, offering more properties and selling at a higher percentage and with greater sales than any other in the region.
The auction experts, operating out of the heart of Manchester city centre and Preston, offer unrivalled coverage across the North West and beyond with specialists in selling both commercial and residential property.
The spirited bidding for investment lots at Network Auctions’ 2nd November sale shows the market for buy-to-let is still alive and kicking. The well attended sale at Grosvenor House Hotel delivered a successful 80% overall sales result raising a total of £4,815,000.
The variety of auction lots on offer attracted strong pre-auction interest with almost a third of the catalogue sold prior, with many achieving prices far in excess of the guide prices.
On the day, buyers were keen to bid on properties with strong rental yields, signalling the continuing popularity of buy-to-let investment.
Birmingham’s reconfirmed position as one of Europe’s leading property hotspots is helping to drive the success of auctions in the West Midlands, an expert has claimed.
The 2018 Emerging Trends in Real Estate Europe report, published today [2 November] by PwC and the Urban Land Institute, once again ranks Birmingham as one of the highest-ranking UK cities for investment prospects – ahead of London and Edinburgh.
Based on the opinions of over 800 real estate professionals in Europe, Birmingham was ranked 21st, up one place from last year and ahead of Edinburgh at 26th and London at 27th.
The
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