Leading land agents Aston Mead have thrown their full support behind the winning idea in this year’s £50,000 Richard Koch Breakthrough Prize from the Institute of Economic Affairs (IEA).
The prize, supported by entrepreneur Richard Koch, sought to find the best and boldest entry outlining a ‘free market breakthrough’ policy to solve the UK housing crisis. It was judged by a panel including Jacob Rees-Mogg MP, Richard Koch and Mark Littlewood, Director General at the IEA.
The winning entry proposes the ‘Land Purchase Act’ – a market-based policy that centres on how swathes of public land can be
A former doctor’s surgery which was offered as a seven bedroomed property was one of the star lots at SDL Auctions Graham Penny’s Nottingham auction which raised over £2.4 million.
Andrew Parker, managing director and auctioneer at SDL Auctions Graham Penny, said: “There was strong demand for buy-to-let properties and investors were out in force.”
30 Regent Street in Nottingham has six bedrooms in the main property and a further one bedroomed self contained apartment. It had a guide price of £390,000+ and sold for £452,000.
Other properties that sold well included 69 Morley Street in Sutton
A property auction can be a thrilling way to buy property, and snap up a bargain. They aren’t just good for buying repossessed homes, it’s now possible to buy all kinds of properties at auction. However it is essential that you do your homework before trying to buy a property at auction, and you need to put a number of important things in place before you go. It does't matter what your reason for buying at auction is, the key to success is preparation.
Before you go to auction to buy a property there's a lot of groundwork that needs to be done. A good place to start is by making a list of must
An old favourite heads up the commercial lots in SDL Auctions Graham Penny’s Derby auction at Pride Park Stadium on Thursday 1 November which will see 56 lots go under the hammer.
From an area that is always very popular with commercial investors, 63-67 Wardwick in Derby is a valuable freehold property in the city centre. It comprises two ground floor retail units and one rear office or stage unit.
It is currently partly-let producing £19,000 per annum, which could rise to £25,000 when fully let. It has a *guide price of £125,000+.
Nick Trow, commercial valuer at SDL Auctions Graham Penny
There are plenty of properties for DIY fans looking for projects in the SDL Auctions Graham Penny auction on Thursday 1 November at Pride Park Stadium in Derby.
Robert Stone, senior valuer at SDL Auctions Graham Penny, said: “Our 56 lot catalogue features several examples of properties that can be developed into great family homes after they have been renovated.”
31 Town Street in Holbrook village is currently a one bedroomed period property with a large three storey rear extension but it has the potential for conversion to two bedrooms, subject to building regulations. There is also a large
Property auctioneers, Smith and Sons, raised over £2.5million its latest auction, selling in excess of 80% of the lots offered.
A busy room at the Village Hotel in Bromborough, together with multiple phone bids, generated good interest which resulted in another successful sale. The majority of potential buyers were investors and developers either looking to buy their first investment or strengthen their portfolios.
Chris Johnson, Auctioneer at Smith and Sons commented: “The auction room presents the ideal opportunity for both new and experienced investors, developers and builders to purchase a
Leading property auctioneer Auction House is reporting the highest number of monthly entries in the eleven year history of the company.
The group has entered 810 properties into its October catalogues – the first time that it has ever exceeded the 800 lot milestone in any given month.
The impressive performance is matched by the group’s sales in September, when Auction House sold 425 lots from 618 offered (up 7% from 397 sold in 2017) – delivering a success rate of 68.8%, and raising £51.3m in the process.
Founding Director Roger Lake said: “Our regional auction rooms continue to outpace
Buyers at SDL Auctions Cheshire and North Wales’ auction at Chester Racecourse were clearly keen on the variety of properties on offer.
The properties sold ranged from a cottage to a mixed use retail unit with accommodation above, to a maisonette and an apartment.
There was keen bidding for a freehold investment property in the busy market town of Abergele in Clwyd. 2 Market Street is a retail outlet with a two storey apartment above in a prime high street location. When the hammer fell, it sold for £104,500. It had a *guide price of £75,000-£95,000.
A fully let high street retail parade in Smethwick, Birmingham, is being marketed for sale by GVA in partnership with SDL Auctions Bigwood.
The property has provisionally been entered into SDL Auctions Bigwood’s October auction with a guide price of offers in excess of £1.1 million, while a private treaty marketing process is run in tandem by GVA.
All pre-auction offers for the property will be considered. If a satisfactory offer is received, and exchange of contracts (by way of auction contract) takes place prior to the auction date, then the property will be immediately withdrawn from the
Dunbar House, also known as Danbert House, is a forlorn sight in Morfydd Street, Swansea. It’s once glorious Gothic gables are derelict and weeds have taken the place of the magnificent stonework that used to adorn the windows.
Built in 1880 for a tinplate magnet, the property has been beset with bad luck since the start. Local businessman Daniel Edwards, a pioneer of his times, designed and planned the house to be his beloved home, but it was not to be. The Victorian builder commissioned to construct the elaborate mansion house went bankrupt and the building was never completed or lived in
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.
