The performance of Northern Ireland's housing market between April and June was at its strongest level since 2007, according to findings contained in the latest University of Ulster quarterly house price index. The average house cost £139,720, up 6.9% on the same period last year and 1.4% higher than the first quarter.
Researchers said rises in transaction levels and prices suggested "a significant shift in market sentiment", whilst the report suggests sales values "still reflected an affordable price structure in Northern Ireland".
While the overall price growth was reflected across several
A three bedroom end of terrace house in Hillingdon near Uxbridge which needs total renovation has sold through Auction House London for an unexpected 56% above its guide price, at £390,000.
The house, which had an original guide price of £250,000, drew large crowds of buyers to the auction on Wednesday 30 July 2014, no doubt drawn by the potential to extend and increase its value for a new owner. The property in Victoria Avenue stands on the largest plot in the road and already has planning permission in place for a two storey extension at the side.
Just a quick note to remind you that although many of the property auctioneers catch their breath this month, there are a few auctions taking place, and all those catalogues will be on-line as soon as they're released.
The September catalogues will start to be released from 11th August onwards - if you're a member, you can check out the UK Auction List auction calendar which has been updated with all the latest future auction dates - right through to October!
And in the meantime, check out all the unsold lots from the auctions to see if there's
CPBigwood’s largest ever auction of 141 lots brought in £10.3 million – and is set to go higher.
Held at the Holte Suite, Aston Villa, there was a 70% success rate with good interest in a number of the unsold properties.
“We are therefore expecting these figures to rise,” noted Jonathan Hackett, partner and head of auctions.
The outcome saw 100% sold for both Birmingham City Council and Solihull Council, 100% of garages, 79% of residential vacant, 71% of land and development and 63% of residential investments.
A standout was 1059-1069 Kingsbury Road, Castle Vale, Birmingham, a freehold modern
Sutton Kersh sold 70% of the lots offered at its latest Merseyside property auction, generating proceeds of over £3.7 million.
The performance in the room was supplemented by a large number of lots which sold prior and, with strong post sale interest in unsold stock, the final figure could reach £4 million.
Highlights included a pair of vacant three storey middle terrace properties in Chester, comprising retail, commercial and residential space. Guided at £100,000 to £125,000, competitive bidding saw the lot achieve £189,000.
The very first lot of the day, a three bedroom extended semi
With property auction statistics showing their best results for 7 years, Roma Finance were able to help a broker’s client who won a fantastic investment property at a recent auction.
The client was let down by another lender who wouldn’t or couldn’t see the real commercial potential of the project after renovation and was inflexible in their approach. The broker approached Roma Finance because of their expertise in resolving sticking points by taking a closer look at cases and working with clients to resolve any issues, and so Roma Finance stepped in to re-assess the case.
Selling property at auction can be an option. If you are considering selling up and want to know how much your property might be worth at auction, why not send us a few details and one of our auctioneers will give you a ring, to chat further about your requirements.
Our auctioneers can answer all your questions, advise how the auction process works, confirm the fees, and arrange a free valuation of your property to see whether the possibility of selling via auction, is right for you. If you are happy to progress, then they will provide you with a contract for auction and advise on everything
Here in our London auction office, we are feeling the heat!
There are so many property auctions taking place this week and next (before the August summer break) and we've been working hard to update the UK Auction List auction calendar with all the latest future auction dates - right through to October!
We will be updating our database on a daily basis with all the unsold lots from the auctions, so check out properties in your area to see if there's still a bargain to be had. And although many of the property auctioneers catch their breath in August, there are a few auctions taking place, and
On August 22nd, Auction House Scotland will hold its first auction in Aberdeen, with properties for sale across the Highlands and Islands and Grampian area.
Since launching in Glasgow a year ago, Auction House Scotland has raised £11.5 million for our vendors. Their conversion rate is sitting at 70% of lots sold – which they’re pretty pleased with!
They have an auction every seven weeks or so, with an increasing number of properties coming from the Highlands and Islands area. WThey’ve realised that the time has come to service this area with an auction room closer to home – and so have chosen
Houses sell faster in Cambridge than in any other part of the country, according to a new survey.
It takes 27 days on average for properties in the university city - home to many science and technology firms - to change hands, said property website Rightmove.
The slowest area for shifting a property is Powys in mid-Wales, where it takes an average of 113 days to sell a house.
But overall Rightmove found that the housing market has gained pace with properties across the UK on average selling ten days faster than a year ago.
Earlier this week data from the Office for National Statistics revealed
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