Richard Abbey held John Earles first Land and Property auction of the season. Six very different lots were being offered and to a fantastically over full auction room at Henley Golf & Country Club. With excellent bidding. Richard achieved some remarkable results for the firm’s clients.
Lot 1 – Barn at Salters Lane, Bearley, Stratford-upon-Avon £100,000
This lot started with auction with very strong bidding, with a reserve of £60k this barn achieved a selling price of £100,000.
Lot 2 – Langley, Stratford-upon-Avon £52,000
With a good local interest in this arable/pasture land the bidding took
Sales were brisk at Auction House London’s latest auction (14 April 2016) during which almost £16m (£15,567,480) was raised in sales.
Fears that the introduction of a new 3% Stamp Duty on second homes and buy-to-let investments would dampen the market failed to materialise, and 79% of lots on offer were sold.
These included a number of properties which attracted fierce bidding and sold above their guide price.
Auction House London Director, Jamie Royston said, “We really didn’t know what to expect at the first auction since the Stamp Duty rises were brought in at the start of April. But with
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 method for selling your property and not just a last resort.
Auction House - the UK’s biggest auctioneer in terms of lots sold - has recorded its highest performing first quarter in the nine year history of the company.
Between January and March this year, the award-winning auctioneer sold an impressive 729 lots from 939 offered – a figure which is over 14% up (14.3%) on 2015 volumes – representing a success rate of 77.6%, and raising a total of £92.2 million.
Commenting on the figures, Auction House Founding Director Roger Lake said: “This is another set of excellent figures for the brand, helped in no small measure by the hectic push for completions
Leading land broker Aston Mead is advising councils without up-to-date local housing plans in place to act quickly before the Government steps in to write their plans for them.
Local authorities have been given until March 2017 to produce a local plan in accordance with the National Planning Policy Framework (NPPF), which was introduced in 2012.
However, with less than a year to go, recent research suggests that fewer than a third of local planning authorities outside London have an up-to-date NPPF-compliant plan.
Aston Mead Land & Planning Director Adam Hesse said: “It’s absolutely
The new levels of buyer demand being seen in the commercial property auction room are helping create unique circumstances in which to sell assets.
The volume of sales at Acuitus’s two Q1 auctions is 70% up on the corresponding period last year and success rates, averaged at 95%, have been similarly buoyed by investor demand.
Acuitus auctioneer, Richard Auterac, comments:
“We are seeing an unprecedented set of market conditions with investors turning to property in increasing numbers because of the broader macro-economic scene and being able to access readily available finance to gear-up their
Property auction house Bigwood, part of the SDL Group, has acquired the largest and most successful auction house in the East Midlands, Graham Penny.
Graham Penny Auctions hold regular auctions in Derby, Leicester and Nottingham and will make the SDL Group’s auction operation the largest in the UK outside of London.
The acquisition will double the total sales of the Group’s auction division to more than £160 million per annum, taking it in to the top four nationwide.
The SDL Group, the national property services group with interests in surveying, valuations, lettings and estate agency, has
Symonds & Sampson’s March auctions attracted interested parties from all over the South of England and London as well as telephone bidders from Europe as 14 lots went under the hammer in Devon, Dorset and Somerset.
Auctioneer Mark Lewis said, “We moved our 1 April auction to 30 March to allow buyers to complete on 31 March before stamp duty changes added a further 3% to second homes and buy-to-let properties. However, with the Easter weekend taking out 2 working days it put pressure on everyone to get the legal packs approved and money moved so that deposits could be lodged and completions
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
Well, today we're off to Somerset to take a look at a rather quirky property that, whilst writing this, has already been sold stc! However, I'm still going to share it with you, as to be honest, this has been my favourite property of the year, so far and I've quite a lot to say about it :-)
This gorgeous property is a previous conversion, and still retains some fabby features from the original old mill itself. It's ready to move into, having very attractive residential accommodation established on the upper floor of the building. Where the flexibility lies to shape this property to your
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