Buyers are still turning out in force for Auction House London with one property selling at almost double its guide price, at its sale on 2nd June 2017, despite uncertainty over the forthcoming General Election and Brexit negotiations.
In Hampshire a three bedroom semi detached property, needing total modernisation, started with a guide price of £90,000, and sold for just under double that amount, at £178,000. The house in Minden Way, Winchester needed total modernisation.
In Wanstead, London, a property made up of three self contained flats generating an income of £26,500 a year in rental
A country pub with log-burning fires and the potential for residential development will be a star property at the next SDL Auctions Cheshire and North Wales auction.
The Coach & Horses is in Flint Mountain village on the main Northrop Road, leading to the old A458 North Wales coast road, about 12 miles west of Chester and 18 miles south east of Rhyl and Prestatyn.
The large detached freehold building is well-presented throughout after a recent renovation and boasts an entrance porch, large bar and seating area, additional dining room, kitchen, store room and cellar.
Award-winning auctioneer Auction House is reporting robust figures for May 2017, selling almost a quarter more lots (23%) than during the same period last year.
The UK’s leading property auctioneer successfully sold 274 lots in the month, compared to 223 in May 2016.
Commenting on the figures, Auction House Founding Director Roger Lake said: “Despite holding the same number of auctions during the two months in question, the group has sold a significantly increased number of lots. This suggests that the appetite for selling under the hammer through our regional auction rooms hasn’t been
Leading regional estate agent in East Hertfordshire and West Essex Mullucks Wells has called for the new Government to apply the same logic to Stamp Duty on property purchases that historically has been applied to Corporation Tax.
Residential Director William Wells says that as the rate of Corporation Tax in the UK has come down over the years, the amount collected by the revenue has actually gone up.
He explains: “It sounds counterintuitive, but it’s true. The lowest ever rates of Corporation Tax have led to the highest ever amount of income for the Treasury - currently standing at £56bn
Six lots sold for more than £2m each as Acuitus raised £37.4m at its May auction.
Acuitus Chairman, Richard Auterac, commented: "This auction vividly illustrated the opportunities for sellers who have properties that are in the £1m-£5m bracket and have the characteristics that our major investors and property companies are looking for.
“These buyers are not defined by sector or location and this is creating a hugely conducive environment for selling".
A prime retail unit occupied by GAP at 192 Western Road in Brighton sold for £2.81m and there was also sustained bidding for a restaurant
A huge former Georgian farmhouse, which has an adjoining paddock and brick barns with the potential for residential development, will be auctioned in Leicester this month.
The stylish, six-bedroomed farmhouse at 7 King Street in Sileby, Leicestershire is scheduled for auction on Friday 23rd June at the King Power Stadium, Leicester, with a guide price of £350,000.
SDL Auctions Graham Penny is now calling for other properties to join various houses that have already been entered for the auction.
Carl Finch, a valuer at SDL Auctions Graham Penny, said: “This former Georgian farmhouse is a
Selling property at auction can be cost effective, simple, fast and stress free. If you feel that this method of sale might be right for you, why not get the ball rolling and get in touch for a FREE PROPERTY VALUATION via our ENQUIRY FORM (click on the link).
If you’re looking for a speedy sale and certainty that a buyer won’t bail on you then auctions are a good way to go. Once the hammer falls the buyer has to put down a 10% deposit, then they have 28 days to complete the sale.
Selling at auction also widens the potential market, not only will there be buyers who want to make it their home
Leading land agent Aston Mead Land & Planning says that the UK property market is now running at two speeds, in which second-hand properties stagnate while the sale of new homes continues to rise.
The company’s comments come after the Royal Institution of Chartered Surveyors (Rics) predicted a “fairly flat” market in the months ahead, whilst the UK’s largest house builder Barratt released figures indicating that it will build more homes in 2017 than the in the previous eight years.
Aston Mead Land & Planning Director Adam Hesse said: “A clear line is starting to divide the property market into
Commercial and investment opportunities abound at SDL Auctions Graham Penny’s next auction at Pride Park, Derby, on Thursday, 8 June.
SDL Auctions Graham Penny is offering 72 lots in total including a substantial retail investment opportunity at 98 High Street, Burton-on-Trent.
It is offered for sale at the very attractive guide price of £68,000+* and is a substantial three-storey, mid-terraced retail property with ground floor sales area and ancillary store or office space.
It has further accommodation on the upper floor and in the detached outbuilding, both offering the potential for
Following their third property auction of the year, the number of lots offered by Romans at public auction climbed to 36, greatly exceeding the number of properties offered by other local auctioneers.
As you might expect, Romans have sold property in the areas where they have local offices in Berkshire, Hampshire and Surrey, but you may be surprised to know that they have also successfully sold lots much further afield in Buckinghamshire, East Sussex, West Sussex, and Dorset and are continuing to increase their share of the auction market in the South East.
Speaking after the auction Simon
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