The housing market in Sheffield is on the up - with rising prices, packed auction rooms and the return of bidding wars all pointing to a property comeback.
The average cost of a house in the city has increased by more than 4% in the past year, and 2.4% in the last three months, a new report has found.
In Sheffield the average house price is now £130,560, the study revealed.
But estate agents say price rises are higher in the south west of the city, with increases of over eight per cent in areas such as Dore, Ecclesall and Fulwood.
Demand is far outstripping supply and bidding wars - a hallmark
Summer is pretty much over and the September property auction catalogues are being released every day with brand new bargains going under the hammer.
Vacant and tenanted residential and commercial properties are set to tempt investors at property consultants Eddisons’ next auction at Elland Road Stadium in Leeds on September 10.
Among the 62 lots due to go under the hammer are a former fast food takeaway and apartment and a former garden centre.
In Hartlepool, a vacant Chinese takeaway unit and three-bedroom apartment in Sydenham Road will be included in the auction with a guide price of £35
Despite having held four or five sales a year for the past 8 years a property auction in August was a first for Auction House Hull & East Yorkshire.
This year they felt the demand was at the right level to go to six auctions but this meant they had to have one in August. They were concerned that this could be tricky because it falls in the prime holiday period. The results and more importantly the attendance proved to them that it was the right decision. Over two hundred people packed the room and competitive bidding from two telephone bidders resulted in the first lot being sold for double
A substantial three storey property in Cliftonville consisting of two flats and a commercial unit below is to be offered for sale at the next Clive Emson auction in September.
The property at 154 Northdown Road has an estimated rental income of £20,400 and a freehold guide price of £170-175,000. Both flats are currently let on Assured Shorthold Tenancy agreements and the ground floor shop is empty at present.
There is a courtyard at the back and being in a prominent location is likely to attract interest.
Dave Henwood, auction valuer, said: "This mixed use property is over three storeys and
Auction property company, Sutton Kersh is offering 85 lots at its auction in Liverpool next month.
Among the lots going under the hammer is a three-storey detached Georgian-style property in a conservation area in Devonshire Road between Princes Gate West and Ullet Road, a short distance from the city centre.
The property has been converted to provide 12 self-contained apartments and requires a full refurbishment. The potential annual income when fully let is in excess of £60,000. The guide price is £400,000-plus.
Elsewhere, a three-storey town house in Falkner Square in the Georgian Quarter
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Allsop is to hold its biggest commercial property auction yet early next month with 278 lots going under the hammer at a combined reserve value of €60 million.
The two-day auction, which takes place September 8th-9th, includes a strong collection of retail investments with well-known high-street names such as Dealz, Boylesports, Ladbrokes, O’Briens and Shoe Zone as sitting tenants.
One of the most sought-after properties at the auction is likely to be a combined lot that includes a large Georgian building at 10 Harcourt Street and two adjoining warehouses to the rear, on Montague Lane.
Cheffins Residential Sales team is delighted to have achieved one of the highest prices per square metre for a unit in Thoday Street in the Romsey Town area of the city of Cambridge.
Cheffins achieved £7,700 per square metre for the property with a final selling price of £217,500.
However, this is not the highest price achieved for a city property. Richard Freshwater, a Director at Cheffins' Cambridge Residential Sales office in Clifton Road comments:
"While this is a remarkable price, we regularly achieve between £9,000 and £10,000 per square metre for properties in the city. "The Cambridge
Before this year, CPBigwood's previous record auction took place in February 2014 raising just over £13 million. All three auction sales that have taken place so far in 2015 have broken this record – February, £13.4 million, April, £14 .75 million and now July, £14,839,050.
The result cements CPBigwood’s position as the largest auction house in the Midlands, and the major auction firm outside of London.
Senior partner and head auctioneer Rory Daly said: “We achieved £14,224,550 on the day, including prior sales, and this represented an 87 per cent success rate. The success rate has now risen
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