Developers will be able to bid for Old House in Brentwood at auction later this year, when it is due to go under the hammer with a reserve price of £700,000.
Estate agents Savills will hold the auction at the The Marriott Hotel, in Grosvenor Square, London, on November 2.
The Grade II-listed building will come with a planning brief specifying it should be used in a way to benefit the community.
The purchaser need not stick to this planning stipulation, but any other use would have to be applied for via the borough council.
The plan, put forward by Brentwood Borough Council's Tory
Leading Home Counties land broker Aston Mead has warned that a recent High Court ruling lessens the likelihood of the UK ever hitting its house building targets.
Following a legal challenge by Reading Borough Council and West Berkshire District Council, the ruling by Justice David Holgate forced ministers to scrap guidance which excluded developments of 10 homes or fewer from the requirement to provide or contribute to affordable housing provision. The Department for Communities and Local Government (DCLG) has said it will appeal the High Court’s ruling.
Has your property been on the market for ages? Or are you just needing to sell quickly?
Selling your property at auction is cost effective, simple, fast and stress free, so get the ball rolling and give us a ring!
What are some of the benefits of selling at auction?
The possibility of obtaining a higher price and an earlier sale.
A greater certainty of selling your property - 60-70% on average.
Predictable time scales so you can plan ahead with confidence.
A much quicker sale from first marketing to completion of sale of property.
A derelict shack has sold at auction for an eye watering £440,000!
The two-storey wreck of an outbuilding in East Dulwich has no rear entry. And access is only through a run-down corridor.
But that didn’t stop a serious bidding war breaking out when it went under the hammer at auction on Monday with London auction house, Savills.
That’s because the 1,108 sq ft property has planning permission to be converted (rather than torn down) into a two-bedroom home. According to plans approved by Southwark Council earlier this year, the new home will have two bedrooms, two bathrooms and a 'garden area'
A Parade of Four Vacant Single Storey Lock-Up Garages in south-east London has been sold at auction for almost £140,000.
The properties form a terrace of four garages close to the local shops and amenities of Wells Park Road. The open spaces of Sydenham Wells Park are within easy reach. Transport links are provided by Sydenham rail station (National Rail & Overground Lines).
Bidding on the garages at Mylis Close, Sydenham started at £40,000 before the hammer came down at almost three times the guide price, selling for £136,500. The buyer will hope to win planning permission to convert the
A property in Roundhay, Leeds, sold by Auction House West Yorkshire at its sale on Wednesday 9 September 2015 plays a leading role in a new feature length film starring actor Ricky Tomlinson of ‘Cracker’ and ‘Royle Family’ fame.
The movie 'Gloves Off' follows a former boxer who must train a charge for a bare-knuckle encounter, in a bid to raise money to save his local gym. The cast also includes Denise Van Outen, Alexei Sayle, Brad Moore (Montana) and Paul Barber ('Denzil' in Only Fools and Horses).
Filming is taking place in and around Leeds until October, and this ground floor flat in
If you're looking for a development opportunity then you may be interested to hear that the Old House in Brentwood is due to go under the hammer with a reserve price of £700,000.
Estate agents and auctioneers, Savills will hold the auction at the The Marriott Hotel, in Grosvenor Square, London, on November 2.
The Grade II-listed building will come with a planning brief specifying it should be used in a way to benefit the community. The purchaser need not stick to this planning stipulation, but any other use would have to be applied for via the borough council.
Another part of the Royal Sea Bathing Hospital in Westbrook is to be sold at auction on Tuesday.
The period property has planning permission for conversion into 29 flats with car parking.
The site, once owned by the NHS, is listed for sale with a guide price of £1.1 million.
The adjoining Royal Sea Bathing Hospital is still being converted into 100 apartments and 'beach houses' overlooking the promenade.
The site has been underdevelopment for a number of years after the original developers, Paigle Properties, ran into financial difficulties in the recession.
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. The types of property that generally sell well at auction include:
Sellers can take advantage of new highs in investor demand at the Acuitus October commercial property auctions.
At the July round of auctions, sales rates hit 92% as investors bought more than £140m of assets.
Acuitus auctioneer, Richard Auterac, comments: “The conditions for selling are now very positive with investors looking to buy all asset types across the office, retail, leisure and industrial sectors”.
The next Acuitus auction is on October 22nd and we have already been instructed by banks, receivers, corporates and property companies to offer a wide range of good quality investment
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