SDL Graham Penny, part of one of the UK’s largest auction networks – SDL Auctions, has hit the ground running in 2017 with a highly successful first Nottingham auction raising over £2m.
The auction, on Thursday 2nd February at Nottingham Racecourse, saw 35 residential property, commercial property, land and others offered under the hammer with 86 per cent selling and raising £2.4m for vendor clients.
Andrew Parker, auctioneer and managing director, commented: “We had a great auction in Nottingham this month. The auction room was the busiest we’ve seen it for several months leading to some
A Merseyside property auction house is set to appear on TV later this year.
BBC One’s Homes Under the Hammer came to Liverpool this month to film Sutton Kersh’s February property auction.
Sutton Kersh Associate Director Cathy Holt said: “We are delighted that Homes Under the Hammer filmed at one of our auctions. We had a great lot catalogue on the day they were shooting and the auction attendance was one of the largest we’ve seen!
“As well as a full auction house there were 40 proxy bids made over the telephone. The auction raised £4.3 million and over 80 properties were sold!”
Confidence returned to the auction market at Savills first auction of 2017 with 80% of properties sold and a combined value of over £60m.
After a turbulent end to 2016 this represents a comforting return to form and will hopefully continue throughout this year.
The demand for larger unbroken freeholds was apparent with a number of these selling in excess of £1m, particularly of note being Cintra House, SE19, which sold for £4.3m.
Vacant houses within London continue to be popular while the more stable long term investments of Regulated/Life Tenancies and Ground Rent Investments move from
A new partnership deal means that Auction House London will now sell all future auction properties listed by Countrywide in the capital.
The collaboration means that lots due to have been sold at Countrywide’s next auction in the capital (originally scheduled for 14 February but since cancelled) will now be offered by Auction House London at its sale at the London Marriott Regents Park on 22 February.
Director and auctioneer Andrew Binstock said: “We’re delighted to announce that Auction House London is now the official auction room for Countrywide stock in the capital. Not only does
Leading land agents Aston Mead have responded positively to this week’s government’s White Paper on housing – the biggest shake-up of housing policy in two generations.
In particular, the company approves of the requirement for councils to set aside land for thousands of homes, under new Government targets to allow large scale construction to take place.
Aston Mead Land & Planning Director Charles Hesse said: “For years we have been calling for a ‘standardised’ way of calculating the number of homes each local authority needs to build, to prevent councils ‘fudging’ figures on housing demand
The first Acuitus commercial property auction of 2017 on 16th February will offer 53 retail, office, industrial and leisure assets lots producing current total rental income approaching £4m.
Acuitus auctioneer, Richard Auterac, comments: "With just under half of the lots in the sale guided at prices above £1m, this catalogue demonstrates our continued commitment to bring investment-grade properties to the market from across the sectors."
Properties have been entered by major fund managers and investment funds including Wesleyan Assurance and St Johns Winchester Charity together with
The three main benefits to selling a property at auction are:
You can sell a property quickly – The auction process is often quicker than the normal house sales process. Most of the work is carried out before the auction and once the hammer falls, exchange of contracts happens straight away and completion happens within 28 days. It is possible that you may receive an offer for your property before the date of the auction. This is perfectly legal, and it is up to you to consider whether you think you are likely to get a better price on the day of the sale.
27 of the 27 lots in Mark Jenkinson's January catalogue sold for 2.6 million at a busy Bramall Lane. Strong viewing numbers and considerable pre auction activity was experienced in the weeks after the Christmas break and competitive bidding was seen throughout the afternoon.
Notable results included £352,000 for 66 Banner Cross Road, £110,000 for Linaker Road and £155,000 for a former day care centre on Beaumont Road North.
Figures produced for the Estates Gazette show Mark Jenkinson and Son top of the residential auction league table in the Yorkshire and Humber region for the second year
The main advantage of buying a property at auction is that you avoid the lengthy process of buying a house in the traditional way. At auction, the process happens in a matter of minutes rather than months and when the hammer falls, you own the property.
The other many benefits of buying property at auction are listed below. If these don't convince you, nothing will!
Low prices
Auctions really do offer the chance to secure property at bargain prices. Thousands of properties are sold at auction in the UK every year - and many are hard to value, meaning they often sell at below market value. You
This week SDL Graham Penny, part of the UK’s fourth largest auctioneer network, holds its first Nottingham auction of 2017 and there’s more than 40 lots set to sell under the hammer.
To view the catalogue for the Nottingham February auction click here
The auction, on Thursday 2nd February at Nottingham Racecourse, features a catalogue of 41 residential property, commercial property, development land and other lots from across Nottinghamshire and beyond with something for all buyers.
Andrew Parker, auctioneer and managing director, commented: “This catalogue has a great breadth of property on
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