Blogs of author

A renewed sense of confidence in the property market following the election result earlier this month saw over £1.25million raised at the latest Savills Nottingham auction with one property selling at twice its guide price.

The Harrington Street property (below), a traditional terrace was offered with restricted viewing at a guide of £20,000 to £25,000. It sold for £58,500.

Bob Crocker, auction co-ordinator and director at Savills Nottingham, said: "This month's auction has yet again shown strong demand for traditional properties, representing an ideal purchase for investors and developers

You may or may not have heard of the 'Trekkie Flat' we have here in the good ole UK (it's in Leicestershire!), and while we know that it has been seen before as well as featured on tv a couple of times, what's new on the news front is that it has gone up for sale for a rather affordable price...

It really is quite a remarkable property, and it took considerable time over may years to develop a look so in keeping with the original tv set of the USS Voyager, so its well worth taking a wee peek at what this one has to offer. In fact a lot of its homage to Star Trek even goes deeper than that

British Land, one of Europe's biggest listed property companies, reported full-year results last week and the key takeaway is this: London property prices are still going crazy. The value of the property owned by British Land went up by 12.1% last year, while the value of its office and residential space jumped by 18.8%. British Land said this was due to "the strength of the London market and our actions." British Land's "Cheesegrater" building in the City — proper name the Leadenhall Building — smashed rental records in London last year, with space going for £90 per square foot. British Land

Remember, if you've decided on the property that you want to bid on, and have everything in place in order to attend the auction, then the final piece of advice, in the run-up to the auction, is to keep an eye on the 'guide price' (this is the price listed in the catalogue).

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during

Why buy property at auction

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 latest Acuitus/IPD Commercial Property Auction Data (cPad) report analyses the £171m of commercial property assets that sold at auction during February and March and illustrates the strength of investor demand. The All-Property sale rate at the first auctions of 2015 was 86% which even surpasses the sale rates achieved in the 2005-2007 boom market.

Although the volume of assets sold in the first auctions of this year was slightly down on the corresponding period last year, the comparative average sale price year-on- year was up to £737,446 - nearly 6% higher than in 2014.

Acuitus

First one for you is a fab public house in Nottinghamshire. Really attractive in the pics, and all looks very well cared for and maintained right down to the sparkly kitchen, well laid out interior, and the fab exterior with paved beer garden and lawn.

This one looks ready to walk in and run as it is, so is perfect for either the investor looking for a buy to let commercial property, or the owner occupier seeking that ideal pub that's ready to go. There's also definitely the room for this one to potentially expand stc, making it a really flexible and attractive lot!

Now this second lot really

Bargain hunters are used to getting their hands on decrepit "fixer-uppers" at auction. But for the first time ever next month, they will be able to get their hands on a set of sparkly new flats - in an online auction. Auctioneers Allsop will sell off homes at the West Drayton Waterside development, on the outskirts of West London, on 10 June. The flats, which range from one to three bedrooms, are due to be completed in Autumn this year, according to developer Clearview Homes. Crucially, they're also within five minutes' walk of West Drayton rail station - which means when Crossrail comes

A three-bedroom house in Gosport went under the auctioneer’s hammer for £126,000 last Thursday.

The freehold mid-terrace at 7 Freemantle Road was among 17 lots being sold by regional land and property auctioneers Clive Emson.

Rob Marchant, auctioneer, said: ‘The successful bidder voted with their wallet on general election day. The house requires a programme of improvements, with the selling price reflecting that.’

Also sold was a three-bedroom house at 65 St Michael’s Grove, Fareham. The freehold property, chalked for ‘improvement’, went for £141,000.

Eight bedsits with communal facilities at

• UK landlords expect annual rent growth to slow to 1.7% by next year, down from 3.7% currently
• Finding trustworthy tenants deemed more important to landlords than higher rental yields
• Nearly a quarter (24%) of landlords want to purchase additional rental properties this year
• Three in five landlords (60%) think it is a good time to invest in buy-to-let, up from 54% six months ago
• More than a fifth of landlords (22%) find their buy-to-let mortgage payments cheaper than a year ago

After a recent spurt of rent growth, landlords anticipate that rent rises will taper off over the next