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The UK’s largest property auctioneer, Auction House, is reporting a record second quarter in 2023.

Jeremy Prior Auction House Managing DirectorQ2 sales have risen from 988 in 2022 to 1,225 this year (an increase of 24%) and money raised is up from £155,322,545 to £171,864,939 (a rise of over 10%).

 

Year-to-date sales for Auction House are impressive too, showing a 22% increase (2,305 this year compared to 1,887 properties in 2022) and over £28 million more raised in 2023 than for the same period last year (£319,997,799 up from £291,884,492).

 

Auction House Managing Director Jeremy Prior said: “What’s remarkable about these

Rare opportunity for Devon manor house

A Victorian manor house on the outskirts of Torquay is going under the auctioneer’s gavel with a freehold guide price of £550,00 to £600,000.

richmond manor, ash hill road devon clive emson auctionRichmond Manor, at 25 Ash Hill Road, retains many of its original features, including two staircases, a vaulted octagonal rooflight, cellar and feature doorway with an inscribed wooden crest.

It is arranged as nine studio, one-bedroom apartments and owner’s accommodation with three bedrooms.

Richmond Manor also has a coach house, gym, sizeable gardens and sea views. It is among the lots in the fifth sale of 2023

Is it Time for UK Mortgage Lenders to Start Offering 10 and 20-Year Fixed-Rate Mortgages?

Introduction

The UK housing market has always been synonymous with uncertainty and fluctuating interest rates. Homebuyers and homeowners alike face the challenge of navigating a complex landscape of mortgage options, making it difficult to plan for the long term. However, in recent years, there has been a growing demand for stability and predictability in mortgage payments. This has sparked a debate about whether it is time for UK mortgage lenders to start offering 10 and 20-year fixed-rate mortgages

Nursery among Cornwall lots under the hammer

A former children’s nursery in Bodmin with potential for a variety of uses is coming to auction in late July.

The Townend Nursery and surrounding land in Victoria Square has a freehold guide price of £70,000 to £80,000.

Former Townend Nursery Cornwall Clive Emson AuctionIt is among the lots in the fifth sale of 2023 by the regional land and property auctioneers Clive Emson. 

Senior auction appraiser David Henwood said: “This detached property is well located in a mixed-use area of Bodmin next to a children’s play area and car park.

“It offers numerous development opportunities, including

Auction stations across Essex

A mixed-use investment property in a prime location in the coastal market town of Maldon, Essex, is coming up for auction later this month. (wed 26 july)

The two-storey property at 32, 32A & 32B High Street is among 148 lots in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.

It is being offered with a freehold guide price of £475,000 to £500,000 at the firm’s auction which ends on Wednesday 26 July.

Director and Auctioneer Paul Bridgeman said: “Situated in the High Street of the

Property Auctions London Introduction:

London, the vibrant and cosmopolitan capital of the United Kingdom, is renowned for its thriving real estate market. With its rich history, iconic landmarks, and diverse neighborhoods, London presents an array of investment opportunities for property enthusiasts. One avenue that attracts both seasoned investors and newcomers alike is the world of property auctions. This article delves into the allure of properties for sale at auction in London and highlights the benefits of exploring this exciting avenue for prospective buyers.

  1. Property Auctions

Introducing Auctions by Auction Conveyancing

Open Market vs Property Auctions: With a normal open market transaction, neither the buyer nor seller is committed to the sale until written contracts are exchanged. So there is a period following the acceptance of the buyer’s offer when investigations will be made as to the seller’s title and making various searches and enquiries about the property. Only when all this has been done, and the buyers are willing and able (in funds) to purchase, will contracts be exchanged and both parties committed to completing the deal.

With auctions however, the

Auction bridging finance is often the ideal solution for property developers seeking a speedy loan solution. Convenient and quick, an auction bridging loan allows developers to make rapid decisions and take action immediately. As a result, developers can pursue lucrative opportunities that may otherwise be out of reach. 

Bridging Finance Auction Property

Why Do Property Developers Purchase Properties At Auction?

Purchasing properties at auction is commonplace amongst property developers. Frequently, auctioned properties are more affordable, making them an attractive option. Many developers

Auction House is reporting its most successful May in the 16-year history of the group.

Jeremy Prior Auction House

 

The month saw the most lots offered and sold, as well as a record-breaking amount of money raised. In May 2023, Auction House offered 707 lots and sold 537 of them (a 76% success rate), raising £72,650,604 – the highest-ever total for the month.

 

Compared with 2022, year-to-date figures increased, with the number of lots offered up 29%, and properties sold by 16%.

 

Commenting on the figures, Auction House Managing Director Jeremy Prior said: “What these figures prove is the remarkable confidence

More than £18m raised in Clive Emson Auctioneers' 15th June auction, with 140 lots across southern England.

King's Road Clive Emson June Auction

 

KINGS BID: This mixed-used former restaurant premises (pictured above) in Kings Road, Brighton, with self-contained upper parts, fetched £444,000 in the June auction by Clive Emson Auctioneers. Lot 133, which attracted 53 bids, went for £69,000 above the guide price and was among 140 lots listed across southern England. The firm’s next auction ends on 26 July, with bidding live 48 hours beforehand and the catalogue live from July 7. 

 

A bidding war broke out over land in Kent