Leading land agent Aston Mead has hit back at those who have doubted the ability of the UK to build a million new homes by 2020.
The pledge is at the heart of the government’s landmark Housing & Planning Bill, which received Royal Assent earlier this month. However, a recent survey of owners and directors of 389 housebuilders across England indicated that just over half (51%) thought the target would not be met.
Aston Mead Land & Planning Director Adam Hesse said: “The danger is that the planning pessimists out there will create a self-fulfilling prophecy. A million homes by 2020 is perfectly
Sutton Kersh offered 99 lots at their May auction, and after strong bidding from a packed auction, over 70 lots were sold, bringing in sales of over £4 million so far, with sale’s figures still rising.
A selection of three bedroom residential investment properties sold for a considerable amount more than the suggested guide price including lot 65, a three bed in L4 that sold for £20,000 more than expected. Also Lot 91, a mid terrace located in L14, which sold for £54,000, 35% more than the listed guide price.
There were a few lots that the Sutton Kersh auction team saw a lot of interest in
TWO homes in south ceredigion have sold for tens of thousands more than their guide price at a recent auction.
A pair of semi-detached dormer bungalows, converted into one large dwelling in Aberporth sold for £85,000 more than its starting guide price at a recent property auction.
Offering unrivalled coastal views and two external garages it had a guide price of £200,000 to £220,000 but at the fall of the hammer, it sold for £285,000.
Similarly, a semi-detached stone house in the popular village of Cilgerran, Cardigan sold for almost double its guide price.
A home in Lanarkshire advertised for just £1 by Auction House Scotland, has been bought by an American living in Texas.
Computer programmer Ivan Cameron said he intended to hold a "Texas barbeque" to celebrate buying the run-down three-bedroom flat near Airdrie.
The top floor flat at Dervaig Gardens was described by the auction house as:
The property is comprised of entrance hallway, lounge, kitchen, vestibule, three bedrooms and family bathroom. There is also a shared balcony that can be accessed via the kitchen. The property requires significant upgrading throughout but offers huge
A marina complex on the Essex coast at Brightlingsea sold for £6.6m as the Acuitus May auction raised £56m with the sale of 69 properties.
The auction brought the total volume of assets sold by Acuitus at its first three sales of the year to £170m which is an increase of 50% compared to the same period in 2015. It is also the sixth auction in a row where total sales of more than £50m have been achieved.
Richard Auterac commented: “There is little evidence that our buyers are being influenced by the EU Referendum. Indeed a close analysis of the individual sale results suggests a significant
Success Rate: 93.33% - only 3 lots unsold Total Raised: £16,981,500 4 Lots located in London offered on behalf of Executors all sold well including the largest lot of the Auction - Mountfield Court, West Heath Road, Hampstead, a Freehold house arranged as 3 flats, which sold for £2,850,000 from a guide of £2,400,000. Auctioneer John Barnett had advised the family for over 50 years and was thrilled to have been instructed to handle the sale and by far the most popular Lot was a vacant mews house, also in West Heath Road, Hampstead which sold for £1,045,000 off a guide of £500,000, over double
The UK’s biggest property auctioneer says there’s growing evidence that an increasing number of buy-to-let landlords are choosing to sell by auction rather than via estate agents.
Auction House Founding Director Roger Lake says that the argument is swinging back to favour those selling such homes as tenanted investments rather than servicing notice to the tenant and selling them as vacant properties.
He explained: “The problem for the landlord is how to achieve the best sale price without losing too much rental income. Most estate agents tell their letting clients to decant their tenants
Selling property at one of our future auctions will 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 VALUATION via our PROPERTY ENQUIRY FORM.
Selling at auction also widens the potential market, not only will there be buyers who want to make it their home, there'll also be investors, developers and property dealers interested in buying. In many cases an auction could prove to be the best method for selling your property and not just a
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
Greg May from Romans Auctions makes some interesting points in his latest report. Landlords take note....
With the latest changes in Stamp Duty coming into effect in April, landlords will feel hard done by with the news that many lenders are beginning to restrict their lending criteria for buy-to-let mortgages.
Many lenders are now setting the precedent that landlords will need to receive a larger rental income compared to the cost of their mortgage than they currently do, and this could push some landlords off the market, affecting those in the lower-yielding areas such as London and the
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