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
A surge in the popularity of auctions has seen property sales exceed £10 million for one regional company in the last year.
Managers of the East Midlands Property Aution say they have seen a rise in the number of people using auctions to buy or sell property of all types.
In addition, more land and development opportunities are going under the hammer.
East Midlands Property Auction, which was set up four years ago by Lincolnshire estate agents Pygott & Crone, say it has carried out 96 sales since the start of the year.
It says the total value of the sales was £10,874,633, with an average sale
The most comprehensive exhibition of UK & International residential property (and services) presented in Europe each year returns to ExCeL London for its 'Autumn Edition' on 9 & 10 October 2015.
The list of leading property names confirmed to take part includes Dubai-based giant Damac, leading USA homebuilder Lennar Homes & major Nigerian developer Eko Atlantic. Leading financial services names such as RBS/NatWest, FBN Bank & Just Group PLC will also be present.
Reflecting the investor appetite for 'Northern Powerhouse' locations outside of Greater London, regional specialists
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.
Aston Mead Director Adam Hesse
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