It’s a buyers’ market for bidders with Auction House London as belts tighten for sellers
Sales increased at the recent Auction House London auction again this month (Wed 13 September 2023) where almost £27m (£26,873,000) was raised.
161 lots out of 197 were sold with some fierce bidding battles before the hammer came down in the livestream sale.
Auctioneer and Director of Auction House London, Andrew Binstock said, "Many landlords
Hosted from the firm’s salerooms in Cambridge, the Cheffins property auction on Wednesday 27th September will feature a series of unusual opportunities, including abandoned properties, land and commercial lots.
With the highest pre-sale estimate at £650,000 - £700,000, a three-bedroom bungalow in the heart of Wandlebury Country Park is set to lead the sale. In need of full refurbishment, the spacious property includes a separate self-contained annexe and a detached outbuilding that incorporates a double garage and large studio, together with extensive gardens with a greenhouse and fruit
In what will be its largest sale for three years, the Acuitus commercial property auction on September 21st will bring to market 62 lots with guide prices ranging from £50,000 to £3.75m.
Acuitus Chairman, Richard Auterac, comments: “The progressive growth of our sales demonstrates a sector in transition as owners re-align their holdings to changed market conditions and investors look to capitalise on new opportunities.
“Our proven ability to connect buyers with assets has generated our largest sale since 2020 and the diversity of sellers, from major private equity houses and UK
The UK’s largest property auctioneer, Auction House, has sold a fifth more properties this year than the same period in 2022.
Between the start of January and the end of August, the group successfully sold 2,913 lots, compared to 2,424 last year – a rise of 20%. In the month of August alone (traditionally a quiet month for auctioneering) the group sold 269 lots, compared to 242 the year before – an 11% increase.
Auction House Managing Director Jeremy Prior said: “As these figures show, the auction market is simply getting busier and busier. But as a company, what we’ve managed
Clive Emson...Auction stations across Sussex
A barn in Hailsham with planning consent in place for 30 homes is for auction with Clive Emson later this month. (wed 20 sept)
Coldthorn Barn in Coldthorn Lane, Summerhill, is among 178 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 listed with a freehold guide price of £1.9 million to £2 million at the firm’s auction which ends on Wednesday 20 September.
Auction Appraiser Jade Flood said: “This is a unique opportunity to acquire a five-bedroom
Dartmouth land with planning in Clive Emson Auction
A plot of land with planning consent for a three-bedroom home at the heart of popular Dartmouth is set to go under the auctioneer’s gavel later this month. (wed 20 sept)
Land Adjacent 3 Vicarage Hill is among 178 lots in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Offered jointly with KLP Kitchener, it is listed with a freehold guide price of £25,000 to £50,000 at the firm’s auction which ends on Wednesday 20 September.
Auction Appraiser Tom Lowe
Council selling off plots of land with Clive Emson Auctioneers
Seven plots of land across Cornwall are set to go under the auctioneer’s gavel later this month. (wed 20 sept)
They are among 178 lots in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Cornwall Council has instructed the auctioneer to offer the land at the firm’s auction which ends on Wednesday 20 September.
All seven are listed with a nil reserve price.
Regional Director & Auctioneer David Henwood said: “Land sales tend to do very well
Clive Emson Auction stations across Essex
A semi-detached bungalow needing improvement in a popular area of Ilford is set to go under the auctioneer’s gavel later this month. (wed 20 sept)
Two-bedroom 37 Levett Gardens in Seven Kings is among 178 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 listed with a freehold guide price of £465,000-plus at the firm’s auction which ends on Wednesday 20 September.
The bungalow and garage, located in a much sought after part of South Ilford, is within
Sutton Kersh Auctions held their Summer Auction on Thursday 13th July, which saw them sell over £8.0 million worth of property.
Despite the recent downturn in the market, Sutton Kersh Auctions still saw a huge demand for residential & investment properties both prior & on the auction day itself, with the team selling £4 million worth of property prior to the event.
The first Lot of the day, a two-bed mid-terraced property suitable for residential investment in L6, sold for just under £100,000 and had a guide price of £75,000.
A mixed-use commercial & residential property on Crosby
This HMO guide is courtesy of Smith and Sons, property auctioneers in Wirral....
A House in Multiple Occupation (HMO) investment can be a sound way of generating strong financial returns, but this type of property investment doesn’t come without its pitfalls. It’s really important that you understand the market and the model and plan carefully before spending any money. Take a read of this brief guide and begin your research….
Why choose an HMO?
HMO’s are becoming increasingly popular, largely because they give stronger returns than if the property was leased to a single tenant. The