Auction House North Wales is thrilled to have been named Best Small Auctioneer of the Year at the Auction House UK 2016 annual conference.
Auction House is the largest and fastest growing residential property auctioneer in the UK with branches across England, Scotland and Wales.
Claire Blezard, manager of Auction House North Wales is seen here being presented with their award.
Auction House North Wales holds regular auctions at The University Stadium, Bangor, home to Bangor Football Club with a wide variety of property types going under the hammer with experienced auctioneer, Mr Dafydd Hardy
If you need to sell your house fast with a guaranteed sale, auction could be for you.
Selling property at one of our future auctions will 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 VALUATION via our PROPERTY ENQUIRY FORM.
Selling at auction also widens the potential market, not only will there be buyers who want to make it their home, there'll also be investors, developers and property dealers interested in buying. In many cases an auction could prove to be the best
The latest report from Acuitus suggests that some of the more excitable and negative headlines in the press, the result of the EU Referendum is yet to have a profound impact on the property financing landscape. The below details some of their key findings:
Commercial Investment Properties
The market seems to be split between high value loans and sub- £20m loans. All of the clearing banks and commercial investment lenders who are active in the sub-£20m category are demonstrating no change to terms or appetite. In fact, judging by the number of calls that Acuitus Finance has taken following
Mark Jenkinson and Son has declared ‘business as usual’ after seeing sales of nearly £4m from its first ‘post-Brexit’ auction.
The July auction saw 42 lots go under the hammer, with 36 sold and going for a total of £3.9million – a success rate of 86%, and outperforming the national industry average of 73%.
The firm’s sixth auction of the year means, in total, 169 lots have sold for £16.45 million to date – an overall success rate of 90%.
Adrian Little, Head of the Auction Department, said: “In the wake of Brexit, we went into the auction with a degree of apprehension. The success rate in the
Network Auctions' July auction sale has demonstrated that any rumours of the death of the UK property market post Brexit, have proven to be unfounded, with superb results posted at their two day sale.
They raised in excess of £5.7M at a success rate of 83%
Managing Director Toby Limbrick was delighted with the results admitting that he was understandably a little nervous as to whether buyers would commit to purchases post the Brexit announcement.
He said: “Despite the current political turmoil in the country and the potential uncertainty of the Brexit vote, good old bricks and mortar has, once
The latest Acuitus auction achieved strong results and raised £55.7m as investors targeted a wide range of commercial property. A total of 73 lots sold – 83% of those offered in the sale – with 20 achieving prices of more than £1m.
Acuitus auctioneer, Richard Auterac, commented: “In this time of economic uncertainty, the auction room enables investors to access the type of income returns which are not available through other investment media and that demand was vividly illustrated today.
“Interestingly, the mood of investors in the room was as upbeat as it was at our May auction.”
The post-Brexit market didn’t deter hundreds of buyers and sellers who attended Romans’ fourth auction of the year at the Green Park Conference Centre in Reading.
Buyers and sellers witnessed fierce bidding on a varied catalogue of properties and land which resulted in 80% of the lots being sold on the day; many for prices significantly higher than their guides. One passionate buyer even got up from his seat during a bout of very competitive bidding so that the auctioneer could see him better.
“We were unsure how the sale would unfold, being so soon after the EU Referendum, however as I
Property such as office buildings, industrial units, hotels, retail premises, public houses, and garages are becoming a primary sector of the commercial property auction market with sales under the hammer occurring more and more frequently. It doesn't matter whether they are vacant or tenanted, leasehold or freehold, there are an increasingly high number of potential investors attending nationwide commercial property auctions who will consider all types of commercial investment.
Whether you are looking to sell your property or are beginning your search for commercial property for sale at
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 traditional ways to buy property, and it can be difficult to get the funds together in time, even if you’ve got a lot of available equity in your property portfolio. Auction finance is a flexible product that can be tailored to suit individual needs
It's important that you view a property before you bid for it at auction. There are so many things to consider and often the most important questions are forgotten.
Ask the relevant questions by taking our helpful checklist with you on your viewing. It may also be useful to take along the property details supplied by the auctioneer to ensure that their information is accurate.
Also check the property for signs of subsidence and confirm that the exterior is in good condition especially the roof and drainage. Double check the boiler, electrics and
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