One of the capital’s leading auctioneers says that selling homes through estate agents will inevitably become longer and more frustrating because of new Stamp Duty charges.
Last Friday (1 April 2016) saw the introduction of an additional 3% Stamp Duty for anyone owning more than one home – even if this is because they are in the process of selling their property in order to buy another.
Auction House London auctioneer Andrew Binstock said: “The latest tax is a punishing blow for those following the traditional estate agency route to market. The 3% hike in Stamp Duty will kick-in as soon as
Sutton Kersh’s March auction saw 121 lots on sale, another huge auction for Liverpool. Bidding was particularly fierce on some of the city’s landmark public houses and de-commissioned churches.
The Fairfield Arms on Prescot Road in Liverpool, saw a bidding war between buyers, with the property going for £168,000, more than £68,000 over the property’s guide price. Interest was also high in The Cabin public house in Kirkdale, which sold for £50,000, £10,000 above the guide price.
Other unusual properties at auction included Tetlow Church near Stanley Park, a two storey brick and stone building
A former police facility that has planning permission for two new homes sold for nearly £270,000 at auction.
The property, in Ermine Street South, Papworth Everard, near Cambridge, attracted plenty of interest and eventually went to a local developer.
It was sold for £268,000 - £18,000 more than its upper guide price.
The site was previously used by Cambridgeshire Constabulary as a police service facility. It currently features two single-storey brick buildings and a single garage.
South Cambridgeshire District Council has already granted outline planning permission to demolish all buildings
People buy at auction for lots of reasons. They may want to move quickly or they could be looking for a plot of land to build on, a repossession, or quite simply they want a quick purchase without the risk of gazumping. Also, many buyers looking for investments buy at auction as a catalogue full of properties gives them lots of opportunities to choose from.
Buying a property at auction is both exciting and potentially profitable. It avoids all of the lengthy purchasing procedures that you usually have to endure and the risk of everything falling through at the 11th
The imminent changes in Stamp Duty charges didn’t stop investors from competing for the best properties at Romans’ second auction of the year, as hundreds of buyers packed the sales room at the Green Park Conference Centre in Reading.
Competitive bidding for rare and high demand lots resulted in 73% of the lots selling on the day with several post-auction deals still to be done. To the delight of sellers, the majority of properties made significantly higher prices than their reserves.
Simon Clayton, Romans’ Auctions Director, comments: “Before today we were concerned that the new Stamp Duty
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.
It's off to Norfolk today, as I've a fantastic character cottage to show you that's in need of some refurbishing and updating throughout. I have to admit that I might have overlooked this one in the catalogue though, since there's only one interior shot.
Yes, that one image is showing some nice beams, but the way the dining table is in the middle of that kitchen, with wooden chairs a similar shade to both the units and beams, it really doesn't allow any one thing to really stand out or catch your eye. I'd likely have thought "Nice building, decent grounds" then skimmed past it to the next lot
The second Acuitus auction of the year saw the sale of £53.32m of commercial property assets and demonstrated the growing use of the auction platform for asset disposal. The full results are available here.
Acuitus auctioneer, Richard Auterac, comments: “Sellers are responding to the certainty and reach of the auction process.
“In the space of less than six weeks at our last two sales, we have achieved for one client alone unconditional sales of more than 40 properties. They have realised that this is a more efficient route to market and, in several instances, have achieved better prices than
Following on from their hugely successful February auction, Clive Emson's March auction achieved a very respectable £19 million from 170 Lots catalogued.
Confidence in the market continues to grow, with many Lots exceeding their published guide prices and investment properties selling well, proving that money invested in ‘bricks and mortar’ is a wise move.
The teams across the southern region are now looking forward to inspecting land and property for theri next five-day auction which is scheduled to take place on the 3rd – 9th May with a catalogue closing date for entries being 4th April.
Right, today we are heading for Devon to look at a gorgeous Grade II Listed 3 bedroom property that is in need of a little TLC, but overall it is in pretty good condition. So it's not looking to be a massive job at first glance anyways, so lets take a closer look at what it's got to offer, and discover just what work will be required to make the best of this charming property :-)
Originally built in 1874/1875 this Victorian school with its adjoining mistress' house closed in the 1930s. More recently it has been upgraded and improved under the same ownership for over 40yrs, and is presented in
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