The trend for investors continuing to be active in the real estate market notwithstanding political uncertainty was emphatically borne out at the Acuitus October auction when 82% of the lots sold with more than £34m raised.
Investors set their sights on alternative commercial properties as three ‘alternative’ lots investment properties sold for in excess of £3m. These included a freehold hotel and restaurant investment in St Clears, Carmarthen let to Travelodge Hotels until 2039 which sold for £3.21m at a yield of 5.6%.
A development opportunity in Ware, Hertfordshire comprising eight shops
The remarkable rise and continuing success of the UK’s fastest growing auction business was once again witnessed at Bond Wolfe Auction’s October sale at Aston Villa FC.
The month preceding the sale saw over 3,700 viewings and over 35,000 legal documents downloaded by interested property hunters, resulting in over 1,500 attendees and a record number of telephone and internet bidders.
The auction enjoyed an 84% success rate, with 108 lots sold from 129 lots offered, raising a total of over £11.6 million.
Bond Wolfe Auctions, which launched in January this year, has so far sold 503 lots out of
Three town centre homes sold above their guide price at FSS's auction in Harrogate this month, proving that buyers are still willing to pay for properties in prime locations.
A three bedroom semi on Harlow Avenue in Harrogate sold for more than £30K above the guide price of £220,000. This attractive home with a garage, garden and within easy walking distance of the Valley Gardens and Pinewoods, sold for £251,500.
In Ripon, a three bedroom bungalow on South Grange Road sold for £186,000 (guide price £160K) and a two bedroom duplex apartment on North Street sold for £56,500 (guide price £50K).
Smith and Sons autumn property auction saw 45 lots offered at the Village Hotel in Bromborough. This resulted in sales of excess of £2.500.000 with lively and enthusiastic bidding for several lots.
Church halls in Wallasey and Birkenhead attracted a good deal of interest offering redevelopment potential and residential investments throughout Liverpool and the Wirral sold well with yields achieved in the region of 12%.
A property in three flats on the outskirts of Liverpool City Centre sold for £170,000 against a guide of £110,000 reflecting the high demand for investment opportunities in this
The Homes Under The Hammer TV crews were in the auction room for SDL Auctions North West’s fifth visit of the year to Manchester.
Filming for the popular BBC TV series, the crew were at the AJ Bell Stadium to capture the action as a wide range of properties, from city flats and commercial properties to country retreats, raised £1.4m for sellers.
The first property of the day was a real treat for bidders. It had been described by auctioneers as an “exceedingly good” investment and 11 Kipling Avenue, Birkenhead proved to be a piece of cake to sell. The three bedroomed bay-fronted house in the
Auction House, the UK’s most prolific property auctioneer, is reporting a massive 531 sales during September 2019 – the highest number of monthly lots ever sold in the group’s 12 year history.
The sales were produced from a massive 688 lots offered - a success rate of 77%, and raising almost £55m (£54,944,914) in the process.
Commenting on the figures, Auction House Founding Director Roger Lake said: “This is another huge success story for Auction House. For a property auctioneer to sell over 500 lots in a single month is a major achievement. We have been busy during the summer putting
From the roadside it looks like an ordinary terraced house with a trimmed hedge, bay window and gable porch… there’s even a lucky horseshoe over the front door.
But there’s nothing typical about 93 Douglas Road, Acocks Green, Birmingham and its new owner will need more than luck on their side.
Appropriately due to be sold a few days before Halloween, this is a house of horrors which has plenty of cobwebs to be cleared away – plus a whole lot more besides.
Fallen plaster, heaps of rubble, holes in the roof, a broken toilet and a kitchen to make your blood run cold are just a few of the
A famous live music dance hall in the West Midlands that could become a development for ten homes is for sale in Bond Wolfe Auctions’ next auction on Wednesday 23 October.
The Regis Banqueting Suite at 152 Reddal Hill Road in Cradley Heath, which was once famous as a dance hall notable for live music acts from around the country, has a guide price* of £500,000+.
This post-war building currently has three function rooms: the Carlton Suite, with a bar, stage and dance floor that interconnect with the Heartland Suite, also with a bar, and then a smaller room called the Rowley Suite, ideal for
A Black Country family home with a *guide price of just £5,000+ is set to attract keen bidding when it appears in Bond Wolfe Auctions’ next auction later this month.
The three-bedroomed, end-terraced house at65 Lowry Closein Willenhall will be one of the big draws to the auction at Villa Park on Wednesday 23 October.
The property, which has gas-fired central heating and UPVC double glazing, stands back from the road behind a front garden, with a longer back garden containing a lean-to.
Another bargain lot in the auction is a two-bedroomed, semi-detached bungalow at180 Warstones Roadin the
The recent sale for Auction House London meant another packed auction room with many lots attracting fierce competition from bidders (Tuesday 17 September 2019).
One highlight included a two bedroom first floor flat in Neasden, London, NW10, which needed refurbishment, and had just 37 years left on the lease. The lot started with a guide price of £75,000 and sold for £182,000.
As owners of leasehold properties can exercise their statutory right to apply for an extension under the Leasehold Act, properties with shorter leases are proving a smart investment, as Director and Auctioneer at Auction