Blogs

Fierce bidding drove up the cost of six garages in west London at a recent property auction - with the lock-ups fetching £700,000, some 10 times the guide price, reported The Guardian yesterday, following an interview with auctioneer, Andrew Binstock, the man who brought down the hammer on the garages.

Three of the garages, are currently let, bringing in an income of £2,760 a year, but the buyer is expected to knock them down and replace carparking with carpeting. Property prices in Hammersmith & Fulham, where the garages sit just off the Fulham Road, rose by almost 16% in the year to March

Home buyers are now paying nearly 97% of the asking price of a property, marking the highest average percentage seen in nearly 12 years, property analyst Hometrack has reported.

But there are early signs that the London market is starting to soften, amid evidence that buyers are becoming less willing to meet sellers' prices in the face of the recent strong hikes in house values seen in the capital, the report for April said.

Across England and Wales, prices rose by 0.6% month-on-month in April, which is the same increase seen in March - and the time it takes to sell a property has fallen to

Do you want to know how much your property might be worth at auction? If so, why not send us a few details about your property, and one of our auctioneers will give you a ring, to chat further about your requirements.

Selling a property by auction is easier than many people think, and the prices that we achieve are usually higher than expected too. Our auction partners have sold more than 2,500 properties throughout the UK, over the past 12 months; that's more than any other auctioneer since, well since auctions started! This year the aim is to surpass 3000 sales!

So if you are thinking about

House sales in Wales have increased by 21% in the first three months of the year compared to the same period in 2013.

Figures released by HM Revenue and Customs show 10,720 houses in Wales were sold between January and March. It follows the launch of the country's help to buy scheme in January. The trend suggests growing confidence in the housing market but Cardiff estate agents, Moginie James, said it was only partly down to help to buy.

The UK government operates another help to buy scheme in both England and Wales.

The Welsh government's is available for new build homes up to £300,000 as

We hope that you've enjoyed a relaxing long weekend and have indulged as much as we have!  Just to let you know that there are a number of auctions taking place around the country, this week - so if you're attending an auction, make sure you check the addendum on the auctioneer's website, or give them a ring, to check that your property of interest is still under the hammer!  Best of luck to all you bidders!

London homes increased in value by more than twice the average person’s income last year, figures show.

The typical value of properties in the capital rose by £63,000 in the last year, reaching an average of £458,000.

The surge came amid record rises in home prices across the country, according to figures published on Tuesday by the Office for National Statistics (ONS), prompting warnings of “runaway train” increases. Experts said the rise in London prices was particularly “extraordinary” when separate figures issued on the same day showed that inflation had fallen to a four-year low.

The

A house has gone on sale in Lincolnshire for £7,000, making it potentially the cheapest home on the market in the UK right now.

The terraced house in Gainsborough has been badly fire damaged and generally badly kept, but would be perfect for anyone looking for a big renovation project.

As well as two bedrooms, the property contains a fairly spacious kitchen, a bathroom complete with a three piece suite, and a lounge. It’s double glazed throughout and is believed to have access to mains water, gas and electricity. It also has a small backyard with an outbuilding.

The low asking price for the

Some of you might have noticed that our website looks a bit different today! 

Over the past few months, we've been asking some of our members how they would improve the design and functionality of UK Auction List, and we hope that you approve of what we've done!  As well as launching a brand new, more user-friendly design of the site, we have simplified the Property Search, by removing the UK Map, and providing just a region and county search, along with the ability to select a minimum/maximum price range together with multiple property types.

If you're a subscriber, you'll also find that the

A ground floor shop in Halifax shrouded in mystery due to being inaccessible ahead of the recent sale for Auction House West Yorkshire, has sold for more than £25,000 with bidding having started at just £5,000.

Auctioneer David Pank said, “The appetite for properties in need of work is insatiable. We had no idea what this property in Ovenden Road was like inside before the sale, as nobody was able to enter the building. We were told by neighbours that it was in a very poor condition but this did not put off the buyers. At £25,250 you could easily have got the most fabulous bargain if you were

Bidders from Greece, France, London and throughout the Symonds & Sampson region competed strongly for all of the properties at the firm’s latest auctions in March with one buyer flying over from America especially to attend.

Auctioneer Mark Lewis said “We anticipated that the auction in Sherborne would last for about half an hour but there were so many people bidding, 62 bids were taken on one lot, that we took an extra 15 minutes.  Buyers were not only keen but they were in good spirits and this bodes well for the monthly auctions that we have lined up for this year.”

There was a mouth