On 15th March, almost £4.2m-worth of sales were achieved across 21 lots at Cheffins first property auction of the year. The sale saw the highest level of pre-event interest ever recorded with 600 legal packs downloaded and over 200 buyers in attendance. The maximum prices paid were for commercial properties with solid investment incomes throughout the Eastern region.
The star lot of the day was a freehold mixed-use building in Biggleswade which achieved £1,055,000 against a guide of £900,000, making it the record hammer price ever recorded at a Cheffins property auction. Generating an annual
The popularity of lots offered on behalf of South Yorkshire and North Lincolnshire councils led to a 'phenomenally busy' auction and sales of £4million.
Lots including two park lodges in Barnsley, an ex-education centre in Doncaster, a well-known Derbyshire pub, and a Grade II listed former threshing barn in Lincolnshire all went under the hammer at the Mark Jenkinson and Son regional local authority auction.
Adrian Little, Head of the Auction Department, said: "This was a phenomenally busy auction – one of our busiest ever with a packed hall - thanks to the variety of properties on offer
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Selling property at auction can be cost effective, simple, fast and stress free. If you feel that this method of sale might be right for you, why not get the ball rolling and get in touch for a FREE PROPERTY VALUATION via our ENQUIRY FORM (click on the link).
If you’re looking for a speedy sale and certainty that a buyer won’t bail on you then auctions are a good way to go. Once the hammer falls the buyer has to put down a 10% deposit, then they have 28 days to complete the sale.
Selling at auction also widens the potential market, not only will there be buyers who want to make it their home
Auction House London is celebrating selling the largest number of lots it has ever sold in a single auction, along with its highest-ever priced property.
In its last sale on 22 February, the company raised almost £22m (£21,806,250) by selling an impressive total of 85 lots, including the star lot of the day - a six-bedroom semi-detached Victorian house in St John’s Wood, which sold above its £3m guide price for £3.25m.
Commenting on the figures, Auctioneer Andrew Binstock said: “This is another spectacular set of results for Auction House London. Not only are we now the official auction room
Award-winning brand Auction House is reporting the second-best month in the ten year history of the company, despite the downturn in the private treaty market.
The month of February saw an impressive 466 lots sold from 602 offered – a success rate of 77.4% - which raised a total of £57.7m in the process.
Auction House Founding Director Roger Lake said; “These figures mark a strong start to the year that bodes well for the coming months. Normality seems to have returned to the auctions market, sales rooms are busy, and careful guide prices are generating enthusiastic bidding. From our
The budget may have been a disappointment for many but across London from Westminster, the Network Auctions auction saw the biggest attendance ever at the Grosvenor House and a healthy volume of serious bids being made.
A total of 26 lots sold producing income of over £9.6 million, a sales success rate of 80%.
Star results included:
Walton on Thames: A freehold investment comprising a block of apartments sold for £2,600,000
Aylesbury: Two adjoining lots with a combined guide price of £760,000 sold for £870,000.
Swansea: A derelict cottage with a guide price of £7500 sold for £41000 with bids
The Hawthorns, popular with generations of Baggies fans on match days, has been saved.
And the new owner, Steven Hayer, has pledged it will remain a pub so long as it can turn a profit and is supported by the community.
The venue in Blackheath was put into the most recent SDL Bigwood auction held at the Holte Suite, Aston Villa.
Described as “suitable for a variety of alternative uses subject to obtaining any appropriate planning permission”, it prompted suggestions that the site could be redeveloped.
Mr Hayer, who bought it prior to the auction for an undisclosed sum, said he had acquired it
ONE of the country’s largest property auction networks is to hold events at the Macron Stadium.
SDL Auctions will host its first event at the stadium on Thursday, March 30.
The date will be added to the network’s already 30-strong UK-wide auction calendar which also includes venues in Chester, Derby, Birmingham, Nottingham, Leicester, Coventry and Stoke.
Rory Daly, auctioneer and CEO at SDL Auctions, said: “It’s a very exciting period of expansion for our auction network. We recently held our first auctions in Chester and Stoke and now we’re adding Bolton to our calendar as part of our
SDL Bigwood’s first auction sale of 2017, held on the day Doris struck, went down a storm!
At the Holte Suite, Aston Villa, it raised £14.7 million with a success rate of 84 per cent.
Gurpreet Bassi, partner and head of auctions for the Midlands, said: “The crowds were happy to battle their way in despite the wind, so much so that the room was busier than I ever seen it, to the extent that on health and safety grounds security were operating a ‘one in, one out’ policy on the doors.
“At one point, we were considering moving the auction to the football pitch!”
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