Cleethorpes Pier was under the hammer with a guide price of £400,000. At 335ft (100m), the pier in North East Lincolnshire is one of the shortest in the UK.
Tina Waterfall, of auctioneers Swindells, said the pier - which was built at a cost of £8,000 - had twice been sold in the past for over £1m.
She said the pier could still be bought in the next 28 days if an increased bid was put in. Ms Waterfall said: "It's in the best state of repair it's been in for years. The pier and its pavilion, owned by a local businessman, could now be rented out to tenants if a suitable offer is not received, Ms
Rates on buy to let mortgages have fallen to a six-year low, new research by comparison website, Moneyfacts, has shown.
The average buy to let home loan is currently 4.69% - a level not seen since 2007. This rate is markedly lower than the 5.04% recorded 12 months ago and considerably below the 5.77% posted three years ago.
The National Landlords Association has responded to the falling rates by urging lenders to improve their deals.
David Cox, policy adviser at the trade body for professional landlords, said: "Our research shows one third of landlords have been unable to expand due to
We are currently accepting property entries for the next round of auctions of 2013!
No matter whereabouts in the UK your property is located or what type of property, site or land it may be, if you have been struggling to sell it on the open market or you're just needing to sell quickly, and are willing to drop your asking price in order to enter it into auction, then contact us today!
We will take away the dilemma of which auction house to approach - given that are so many auction houses in the UK it may be quite daunting in terms of knowing who will do the best job for you. We can make
House prices have risen faster in Aberdeen and Inverness than any other UK cities over the past decade, a survey has suggested.
The Bank of Scotland report said average prices rose by 94% in the Granite City between 2002 and 2012. Inverness saw prices climb by 81%, with Dundee (+73%) and Perth (+70%) also featuring in the top five UK cities. The bank said Aberdeen had particularly sharp increases because of the importance of the oil sector.
According to the survey, cities recorded higher house price growth than the UK average over the past 10 years.
The total amount of late or unpaid rent in England and Wales stood at £326m, according to LSL Property Services.
This was up from £241m in November, represented 10.1% of all rent, and was the highest level since January 2012, it said. However, the average cost of renting a home fell by 0.9% to £734 a month. This was the second monthly fall in a row and took rental costs to the level seen in August. This was led by decreases of 1.7% between November and December in the East and North East of England.
However, David Newnes, director of LSL, which owns Reeds Rains and Your Move, said that the
Mortgage payments as a proportion of income have fallen by more than two fifths in Scotland in recent years, from a peak of 38% in the fourth quarter of 2007 to 22% in the same period of 2012, according to new Bank of Scotland research.
Lower house prices and reduced mortgage rates have been the main drivers behind the significant improvement in affordability. The average monthly take home wage in Scotland is £1,954 while the average monthly mortgage payment is £424.
Mortgage payments for a new borrower have remained at their lowest level in relation to earnings for almost a decade, the
Have you designed a daring eco home? What about crafted a super-cool conversion?
Or maybe you’ve added a jaw-dropping extension? The 2013 Grand Designs Awards is now open for entries, and they'’re looking for any homeowners who’ve completed a project, whether it’s a new-build or the transformation of an existing space. You don’t have to be an architect or designer (although, of course, they’re welcome too); the competition is open to everyone and completely free to enter.
The final submission deadline for entries is 9am Thursday 7 March 2013.
We are currently accepting entries for the first auctions of 2013! We hope to better our fantastic 85% sales record of 2012, with properties all over the UK selling under the hammer.
So no matter whereabouts in the UK your property is located, if you have been struggling to sell it on the open market or you're just needing to sell quickly, and are willing to drop your asking price in order to enter it into auction, then contact us today!
We will take away the dilemma of which auction house to approach - given that are so many auction houses in the UK it may be quite daunting in terms of
Just a quick one to let you know that the first couple of catalogues for 2013 auctions, have been released and are now in our database - almost 100 lots across West Midlands and South Yorkshire. The majority of the auction houses will start releasing their new year catalogues from next week / the week after, for the February auctions - so keep checking back as from then on, new properties will be added on a regular basis!
Southend experienced the biggest house price rise of any town or city during 2012, say one of the UK's biggest mortgage lenders the Halifax. The Essex town saw prices rise by 15%, compared with a 1% average fall across the UK as a whole.
The Halifax said most towns with big house price increases were in the South East of England. By contrast, the biggest house price drops were in Craigavon in Northern Ireland and Wishaw in Scotland.
The Halifax's figures are based only on its own lending.
Top three risers and fallers
Southend: up 14.8%
Basingstoke: up 14.7%
Rochester: up 13.3%
Craigavon
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.