If you're looking for a development opportunity then you may be interested to hear that the Old House in Brentwood is due to go under the hammer with a reserve price of £700,000.
Estate agents and auctioneers, Savills will hold the auction at the The Marriott Hotel, in Grosvenor Square, London, on November 2.
The Grade II-listed building will come with a planning brief specifying it should be used in a way to benefit the community. The purchaser need not stick to this planning stipulation, but any other use would have to be applied for via the borough council.
Another part of the Royal Sea Bathing Hospital in Westbrook is to be sold at auction on Tuesday.
The period property has planning permission for conversion into 29 flats with car parking.
The site, once owned by the NHS, is listed for sale with a guide price of £1.1 million.
The adjoining Royal Sea Bathing Hospital is still being converted into 100 apartments and 'beach houses' overlooking the promenade.
The site has been underdevelopment for a number of years after the original developers, Paigle Properties, ran into financial difficulties in the recession.
A property auction can be a thrilling and efficient way to sell property fast, and secure a guaranteed sale.
Exchange contracts on property auction day
Sale guaranteed upon fall of the hammer
10% deposit paid immediately
Completion within 20 working days
Maximises sale value
Although property auctions have historically been used for sales of repossessed homes, they are growing in popularity amongst vendors of all kinds of properties looking for quick sales. The types of property that generally sell well at auction include:
Sellers can take advantage of new highs in investor demand at the Acuitus October commercial property auctions.
At the July round of auctions, sales rates hit 92% as investors bought more than £140m of assets.
Acuitus auctioneer, Richard Auterac, comments: “The conditions for selling are now very positive with investors looking to buy all asset types across the office, retail, leisure and industrial sectors”.
The next Acuitus auction is on October 22nd and we have already been instructed by banks, receivers, corporates and property companies to offer a wide range of good quality investment
The housing market in Sheffield is on the up - with rising prices, packed auction rooms and the return of bidding wars all pointing to a property comeback.
The average cost of a house in the city has increased by more than 4% in the past year, and 2.4% in the last three months, a new report has found.
In Sheffield the average house price is now £130,560, the study revealed.
But estate agents say price rises are higher in the south west of the city, with increases of over eight per cent in areas such as Dore, Ecclesall and Fulwood.
Demand is far outstripping supply and bidding wars - a hallmark
Summer is pretty much over and the September property auction catalogues are being released every day with brand new bargains going under the hammer.
Vacant and tenanted residential and commercial properties are set to tempt investors at property consultants Eddisons’ next auction at Elland Road Stadium in Leeds on September 10.
Among the 62 lots due to go under the hammer are a former fast food takeaway and apartment and a former garden centre.
In Hartlepool, a vacant Chinese takeaway unit and three-bedroom apartment in Sydenham Road will be included in the auction with a guide price of £35
Despite having held four or five sales a year for the past 8 years a property auction in August was a first for Auction House Hull & East Yorkshire.
This year they felt the demand was at the right level to go to six auctions but this meant they had to have one in August. They were concerned that this could be tricky because it falls in the prime holiday period. The results and more importantly the attendance proved to them that it was the right decision. Over two hundred people packed the room and competitive bidding from two telephone bidders resulted in the first lot being sold for double
A substantial three storey property in Cliftonville consisting of two flats and a commercial unit below is to be offered for sale at the next Clive Emson auction in September.
The property at 154 Northdown Road has an estimated rental income of £20,400 and a freehold guide price of £170-175,000. Both flats are currently let on Assured Shorthold Tenancy agreements and the ground floor shop is empty at present.
There is a courtyard at the back and being in a prominent location is likely to attract interest.
Dave Henwood, auction valuer, said: "This mixed use property is over three storeys and
Auction property company, Sutton Kersh is offering 85 lots at its auction in Liverpool next month.
Among the lots going under the hammer is a three-storey detached Georgian-style property in a conservation area in Devonshire Road between Princes Gate West and Ullet Road, a short distance from the city centre.
The property has been converted to provide 12 self-contained apartments and requires a full refurbishment. The potential annual income when fully let is in excess of £60,000. The guide price is £400,000-plus.
Elsewhere, a three-storey town house in Falkner Square in the Georgian Quarter
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