Bungalows are growing in popularity all the time, especially with an ageing population, but developers faced with rising land prices are under pressure to maximise the usage of every square foot.
That’s why when bungalows appear in the auction room, they are always a hot lot, according to Robert Stone, senior valuer at SDL Auctions Graham Penny.
The first hint of a slump in supply came in 2014 when, according to the National House Building Council, just 1 percent of new residential properties built were bungalows.
This is down from one in six properties in the 1980s. During the last two
A former grand Victorian residence was the star commercial lot sold in SDL Auctions Graham Penny’s Leicester auction which raised £2.4 million.
Ivydene in Earl Shilton has latterly been used as a 17 bedroomed care home but was previously sub-divided into apartments in the 1980s.
It attracted a lot of pre-auction attention as it has a number of potential uses, subject to planning permission, and there is currently a planning application in process for change of use back to its original residential status.
It sold for £400,000 and had a guide price of £400,000+.
Leading land agents Aston Mead have welcomed new government planning rules designed to speed up house building under a National Planning Policy Framework (NPPF).
The new policy announced last week by Housing Secretary James Brokenshire states that a council’s local plan for its overall development strategy will become invalid if house building dips below 75% of targets.
Aston Mead Land & Planning Director Charles Hesse said: “The new framework is certainly a step in the right direction because it puts pressure on councils to keep up with their house building targets over the long term. It’s
Auction House reported an impressive set of results for July, with 427 lots sold - up over 18% (18.2%) on the same month last year.
The group’s national success rate of 71.6% was ahead of the market and the total raised was a healthy £54.5 million (£54,525,440). The award-winning brand also sold its 2,000th property of the year one month earlier than in 2017 – an end of terrace former off-licence at 105-107 Norfolk Street in Cambridge, which was guided at £400,000-£450,000, but sold in the room for a staggering £795,000.
The cumulative picture for the year also underlines the group’s growth
Three vacant church buildings, including one which sold for nearly four times its guide price, helped drive sales of more than £5million at Mark Jenkinson's biggest auction of the year, last month.
The strong total sales of £5.48m at the auction included the former St Joseph's RC Church in Staveley, Chesterfield which was listed at £75,000 but sold for more than a quarter of a million pounds at £295,000.
Also in Chesterfield, the former St Hugh's of Lincoln RC Church and dwelling, a three-bedroom bungalow, in Newbold, sold for £655,000 while in Rotherham, St Peters Church in Thrybergh had a
The man who has secured the largest ever loan to a private property company from the Homes and Communities Agency (HCA) has published a book revealing the secrets of property development and investment.
Property developer John Howard received a £15m loan as part of a £26m build cost for The Winerack development on Ipswich Waterfront. When completed in December next year, there will be 150 flats, offices and a restaurant together with 265 parking spaces in the centre of the building over ten floors, accessed by a car stacker system.
John, 56, has bought and sold over 3,500 properties in his
Selling property at one of our future auctions will be cost effective, simple, fast and stress free. Have you had your property on the market for ages and it's not received much interest? Are you looking for a quick sale? Have you a probate property that you wish to sell?
If you feel that selling at auction might be right for you, why not get the ball rolling and get in touch for a FREE PROPERTY VALUATION via our ENQUIRY FORM (click on the link to be directed to a short form for you to complete and submit so that one of our auction team can call you back).
The summer break is upon us, and the majority of auction houses are now taking a well earned rest this month. There are a handful of auctions taking place, however catalogues for September will start to be released from the end of this month onwards, right through to December. We've still quite a few unsold lots in our database from auctions last month, so you find something of interest, whilst you wait for the new catalogues.
In the meantime, our auctioneers are taking instructions for September auctions, so if you have a property that you're thinking of selling, or maybe one you've already
Right folks, today I've something a little different to show you... it's off to Leicester this time, where there's a very big property with bags of potential!
Initially a Victorian residence, followed by division into multiple flats, and finally having undergone a conversion into the current form as a 17 bedroom care home, this property is as good as a blank canvas due to being suited to a great variety of purposes. With a total floor area of around 650 sqm, there's loads of space to go around in there, as well as a good amount of outside space too. This property will clearly have plenty
After the success of their Ringwood auction this spring, Symonds & Sampson are bringing their property auctions to Wimborne this autumn.
Symonds & Sampson are pleased to announce that a date has been set of our first Wimborne auction. On the 5th October The Allendale Centre will be the venue for one of our famous property auctions.
‘Our auctions are attracting more and more property in the Bournemouth and Poole area where there are some excellent renovation and development opportunities’ comments manager Neal Wilson. ‘After our sell out auction in Ringwood with some unbelievable prices
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