Sales at Auction House London hit a record high this week at its sale at the Landmark London Hotel (Tuesday 27 October 2015), with a total value of £25,472,120.
The most significant lot in the sale reached £4.9m before being sold – breaking a second record for the award-winning brand by becoming the highest value property ever sold by Auction House London. The empty site in the centre of Luton had a guide price of £4.5m. It is close to the university and has planning permission to build accommodation for 180 students, plus 84 flats and an area for shops.
A property auction can be a thrilling and efficient way to sell property fast, and secure a guaranteed sale.
Exchange contracts on property auction day
Sale guaranteed upon fall of the hammer
10% deposit paid immediately
Completion within 20 working days
Maximises sale value
Although property auctions have historically been used for sales of repossessed homes, they are growing in popularity amongst vendors of all kinds of properties looking for quick sales. Using a property auction is the fastest way to sell. If you want a quick sale or have a deadline to meet, then a
Homes Under The Hammer host and property expert, Martin Roberts' property auctions roadshow commences next week.
Martin has helped create a training course, based on his best selling book "Making Money from Property", that will put you in the best possible position to benefit from property investment. From spotting bargains and the hints and tips of buying at auction, to negotiating finance and running a successful portfolio. The market is on the move. Act now to make sure you don't miss the boat!
The October Acuitus auction saw the sale of £67.6m of assets at a success rate of 89% and illustrated the opportunity for sellers to capitalise on the high level of current investor demand.
Following the sale, Acuitus Chairman, Richard Auterac, commented: “Auctions have been characterised as a high yielding investment environment but the sharpening yields now being achieved in the sale room are notable.
“Investors who are confronted by the minimal - and sometimes volatile - returns currently available in the equities and gilts markets are being attracted by the comparatively high returns that
Derbyshire auctioneers, Bagshaws Residential held its fifth Midlands property auction of the year at Derbyshire County Cricket Club at the end of last month.
There was a lot of interest in the properties being offered prior to the auction with the sale being well attended with vendors and purchasers alike.
Cash buyers together with proxy and telephone bidders competed for properties from as wide an area as Skegness and County Durham.
Many properties were sold above their guide price with a three-bedroomed terraced house in Nottingham selling for £32,500 above guide, a three-bedroomed mid
There’s more good news for property investors and buy-to-let landlords as average rental values rise by 10.5% in the three months to August, according to the latest HomeLet Rental index.
Headlines from the report include:
When London is excluded, the average UK rental value in the 3 months to August 2015 was £766pcm - 6.6% higher than the same period last year (£718pcm)
The annual growth in average rental values for the three months to August (10.5%) was higher than 2014 (8.1%) and 2013 (4.9%)
In the three months to August 2015, average tenant incomes were 3% higher
The UK’s leading property auctioneer Auction House is bucking the national auction trend, with a 14% rise in lots sold in 2015, compared to last year.
This contrasts with the latest Essential Information Group picture of a 4.8% drop in auction lot sales year on year, and within a property market that commentators say exhibits a real shortage of instructions.
During the first three-quarters of this year, the award-winning auctioneer recorded 2,370 lots sold from 3,087 offered, at a success rate of 77%, and raising a total of £305 million.
Purchasing a house or flat at auction can be a great way to bag a bargain. As well as being a quick and relatively hassle free way to buy a home, no driving around viewing endless houses, no negotiations, and no last minute fall through if the house sellers get a better offer, the auction process is easy. You simply look through the auction catalogue, find a property you like, arrange a viewing and do some research, and show up prepared on auction day – here’s a few tips to help you on your way:
1. Find auction houses that sell properties in the area you’re looking in. London auctions have
After recently reporting a move to new, larger offices and new staff appointments, Brendons Auctioneers continue their evolution with a new brand name: Phillip Arnold Auctions.
The rebrand and the new strapline ‘Passionate About Property’, reflect the company as a personal and approachable alternative for fast property sales and purchases.
Phillip Arnold Auctions’ strategy for growth is to build long term relationships with landlords, surveyors, consultants and legal teams that continually improve the service we offer to our clients. It’s a logical step in our development as an independent
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