Blogs

The UK’s leading property auctioneer Auction House is bucking the national auction trend, with a 14% rise in lots sold in 2015, compared to last year.

This contrasts with the latest Essential Information Group picture of a 4.8% drop in auction lot sales year on year, and within a property market that commentators say exhibits a real shortage of instructions.

During the first three-quarters of this year, the award-winning auctioneer recorded 2,370 lots sold from 3,087 offered, at a success rate of 77%, and raising a total of £305 million.

Commenting on the figures, Auction House

The guide price for this fire damaged property in Tredegar is set to start at just £1 as the property has no reserve.

The house in Tredegar, South Wales  is the ultimate "fixer-upper" after it was ravaged by fire and only has a small section of its roof remaining.

Bargain hunters are being urged to snap it up for just some loose change in Tredegar, South Wales - as it could be worth £50,000 with a makeover.

However, the long list of problems will put off many buyers.....

Sean Roper from Paul Fosh Auctions said: "The property has serious fire damage, with only a small portion of the roof

Purchasing a house or flat at auction can be a great way to bag a bargain. As well as being a quick and relatively hassle free way to buy a home, no driving around viewing endless houses, no negotiations, and no last minute fall through if the house sellers get a better offer, the auction process is easy. You simply look through the auction catalogue, find a property you like, arrange a viewing and do some research, and show up prepared on auction day – here’s a few tips to help you on your way:

1. Find auction houses that sell properties in the area you’re looking in. London auctions have

After recently reporting a move to new, larger offices and new staff appointments, Brendons Auctioneers continue their evolution with a new brand name: Phillip Arnold Auctions.

The rebrand and the new strapline ‘Passionate About Property’, reflect the company as a personal and approachable alternative for fast property sales and purchases.

Phillip Arnold Auctions’ strategy for growth is to build long term relationships with landlords, surveyors, consultants and legal teams that continually improve the service we offer to our clients. It’s a logical step in our development as an independent

A surge in the popularity of auctions has seen property sales exceed £10 million for one regional company in the last year.

Managers of the East Midlands Property Aution say they have seen a rise in the number of people using auctions to buy or sell property of all types.

In addition, more land and development opportunities are going under the hammer.

East Midlands Property Auction, which was set up four years ago by Lincolnshire estate agents Pygott & Crone, say it has carried out 96 sales since the start of the year.

It says the total value of the sales was £10,874,633, with an average sale

The most comprehensive exhibition of UK & International residential property (and services) presented in Europe each year returns to ExCeL London for its 'Autumn Edition' on 9 & 10 October 2015. 

The list of leading property names confirmed to take part includes Dubai-based giant Damac, leading USA homebuilder Lennar Homes & major Nigerian developer Eko Atlantic.  Leading financial services names such as RBS/NatWest, FBN Bank & Just Group PLC will also be present.

Reflecting the investor appetite for 'Northern Powerhouse' locations outside of Greater London, regional specialists

Developers will be able to bid for Old House in Brentwood at auction later this year, when it is due to go under the hammer with a reserve price of £700,000.

Estate agents 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.

The plan, put forward by Brentwood Borough Council's Tory

Leading Home Counties land broker Aston Mead has warned that a recent High Court ruling lessens the likelihood of the UK ever hitting its house building targets.

Following a legal challenge by Reading Borough Council and West Berkshire District Council, the ruling by Justice David Holgate forced ministers to scrap guidance which excluded developments of 10 homes or fewer from the requirement to provide or contribute to affordable housing provision. The Department for Communities and Local Government (DCLG) has said it will appeal the High Court’s ruling.

Aston Mead Director Adam Hesse

Has your property been on the market for ages?  Or are you just needing to sell quickly?

Selling your property at auction is cost effective, simple, fast and stress free, so get the ball rolling and give us a ring!

What are some of the benefits of selling at auction?

        The possibility of obtaining a higher price and an earlier sale.
        A greater certainty of selling your property - 60-70% on average.
        Predictable time scales so you can plan ahead with confidence.
        A much quicker sale from first marketing to completion of sale of property.

It doesn’t matter what type

A derelict shack has sold at auction for an eye watering £440,000!

The two-storey wreck of an outbuilding in East Dulwich has no rear entry. And access is only through a run-down corridor.

But that didn’t stop a serious bidding war breaking out when it went under the hammer at auction on Monday with London auction house, Savills.

That’s because the 1,108 sq ft property has planning permission to be converted (rather than torn down) into a two-bedroom home. According to plans approved by Southwark Council earlier this year, the new home will have two bedrooms, two bathrooms and a 'garden area'