Investment properties offering scope for development or with options to renovate attracted the most interest, with competitive bidding and results well over guide prices across multiple properties.
The highest value lot of the day was a development site of 0.2 acres in Westfield Road, Great Shelford, near Cambridge. The site had planning permission for the demolition of an existing bungalow and the creation of two detached houses. The property saw fierce bidding and the site was sold for £419,000 to a local developer.
A similar offering was lot 11, Brickyard Cottage in Bradley Common, near
SDL Auctions, the fourth largest auction network in the UK, has taken home its second silver award in two months at The Sunday Times Estate Agency of the Year Awards.
Auctions partner Gurpreet Bassi and senior valuer Robert Stone were presented with the silver award in the Best Auction Agency category, by 80s pop legend Martin Kemp and TV presenter Penny Smith. The trophy will now line up alongside a silver award presented to the team at last month’s Negotiator Awards.
Andrew Parker, auctioneer and managing director, commented: “This is an excellent way to round off a great 2016. To have been
Annual growth in UK house prices accelerated for the first time in eight months in November, a lender's figures show.
The Halifax, part of Lloyds Banking Group, said property prices had risen by 6% compared with a year ago.
That meant the cost of a typical home was £218,002, it said.
The faster price growth is in contrast with figures from rival Nationwide, which said annual house price growth had slowed to 4.4%.
Annual property price growth peaked at 10% in March. The Halifax said that, despite the pick-up it reported in November, "annual house price growth may slow over the coming months".
The festive month of December looks like being a merry one at Auction House, as the group celebrates a record number of lots entered into its auctions - an increase of over a third (37%) on last year’s total.
Auction House has scheduled 25 auctions between the 1st and 15th December, involving 679 lots – a massive 182 ahead of last year.
Commenting on the figures, Founding Director Roger Lake said: “Listing a record number of lots in a month of continuing Brexit debate is an incredible achievement; it is a clear indicator that many more sellers are choosing the speed and certainty of auction to
The main advantage of buying a property at auction is that you avoid the lengthy process of buying a house in the traditional way. At auction, the process happens in a matter of minutes rather than months and when the hammer falls, you own the property.
The other many benefits of buying property at auction are listed below. If these don't convince you, nothing will!
Low prices
Auctions really do offer the chance to secure property at bargain prices. Thousands of properties are sold at auction in the UK every year - and many are hard to value, meaning they often sell at below market value. You
Three investment properties, each topping £1 million, are the highlight of SDL Bigwood’s final auction of the year.
Going live at the Holte Suite, Aston Villa, on Thursday 8 December, it features 109 lots, capping a record year for the company with a total of 797 going under the hammer during 2016.
Auction partner Gurpreet Bassi said: “We have a real mixed bag this time with a range of residential, commercial, land, garages, ground rents, vacant and investment lots with guide prices ranging from £1,000 to £1.55 million.
“We are delighted to be offering six lots for Birmingham City Council and
Auction finance is a great way for property developers to secure a below-market-value property, often from a motivated seller. It could even be suitable for first-time developers too, if you’ve got the right expectations from the beginning.
Putting up your hand and bidding on a property worth hundreds of thousands of pounds is a daunting prospect, even for experienced auction-goers. If you make the winning bid, you?ll usually have to pay a non-refundable deposit on the day, and you?ll have 28 days to pay the balance.
That means that the timeframe for auctions is much shorter than the
The Managing Director of the UK’s longest-established estate agent recruitment consultancy has slammed the Chancellor for failing to reduce stamp duty in tlast month's Autumn Statement.
Property Personnel Managing Director Anthony Hesse said: “Slashing the rate of stamp duty would have been Philip Hammond’s single most effective fix for UK finances. There is no more economically stimulating activity than house sales and purchases - so it would have been a tax cut that would largely have paid for itself. As a result, the continued stifling of the market is a missed opportunity for both the
Here's our step-by-step guide to property auction day. It's worth noting that if you are unable to attend, your solicitor or surveyor may be allowed to attend on your behalf.
Remember, in the run-up to the auction, keep an eye on the 'guide price' (this is the price listed in the catalogue). Also make sure you have made a decision on what your maximum bid will be. This will be based on your view of the property's value (having carried out viewings and local searches) rather than the guide price, and on the money you have available.
The final SDL Graham Penny Derby auction catalogue of 2016 has launched today featuring more than 55 lots and is set to be the last at the iPro Stadium before Derby County reverts the ground name back to Pride Park.
The auction, on Wednesday 7th December, will see 58 varied residential investment houses, development land, mixed use properties and commercial premises from across Derbyshire and beyond go under the hammer.
Andrew Parker, auctioneer and managing director, commented: “Our December catalogue features several excellent development and investment opportunities from building plots and
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