Harrogate and North Yorkshire estate agent and independent professional property partnership FSS' auctioneer, Richard Smailes, offers his insight into the lots on offer ahead of the July 19 event at Pavilions of Harrogate.
What are investors looking for?
Investors want clarity on the potential return on their investment. Often we are auctioning properties that already generate a rental income and we can share our own experience of the rental market as Harrogate’s leading letting agent.
Tell us about some of the properties going under the hammer on July 19
Two former residential care homes are both expected to attract competitive bidding in the next SDL Auctions Bigwood auction at Aston Villa FC in Birmingham on Wednesday 18 July.
One of these is a four-bedroomed detached bungalow at 210 Little Sutton Lane in Sutton Coldfield which until recently was used as a care facility, with a *guide price in excess of £500,000.
The other is a 20 bedroomed property called Brook House at 30 Berners Street in Lozells, Birmingham, set back from the road behind substantial gardens and with plenty of car parking, with a guide price of £400,000+.
A rare opportunity to buy a cute canalside cottage in a beautiful Worcestershire spot is coming up in the next SDL Auctions Bigwood auction in Birmingham on Wednesday 18 July.
The unusual lot is called Halfway Lock Cottage and is based at Lock 40 next to the Worcester and Birmingham Canal on Upper Gambolds Lane in Stoke Prior, near Bromsgrove.
This property, which has tenants and is currently bringing is rent of £3,312 a year, has a *guide price in excess of £135,000 and is expected to be popular in the auction.
Gurpreet Bassi, head of residential auctions at SDL Auctions Bigwood, said: “This
A range of attractive family homes caught the eyes of keen bidders at SDL Auctions Graham Penny’s Nottingham auction earlier this week, raising a total of more than £1.3 million.
The highest price was gained for a detached four bedroomed house currently let at £7,560 per annum at 4 Aspen Court in Tuxford, near Newark, which sold for £154,000 from a guide price of £140,000+.
Meanwhile, a semi-detached three bedroomed house with a small rear extension at 18 Marton Road in Newark also sold well, with the hammer coming down at £151,000 from a guide price of £115,000+.
With guide prices from £50,000 to £2.5m, the auction will feature properties entered lots from Wesleyan Assurance, Mapeley, The Co-operative Bank, Aviva Investors, M&Co, Canal & River Trust, Waitrose and Orbit.
Among the prime freehold retail investments being offered is 23 Bridge Street in Stratford-upon-Avon. Let to The White Company and producing £147,500pa, the lot is being offered with a guide price of £2.3m-£2.4m.
Office lots in the sale include Piran House in Redruth. The freehold government-occupied building is let to Mapeley Steps Properties until 2031 with no breaks. It produces
Leading North West Auctioneer, Edward Mellor provide their top 9 tips to help you get the mortgage you want:
If you’re thinking about how to get a mortgage, you should be aware of the factors that affect your eligibility. These include: credit score, length of time in current job, current debts, whether you’re self-employed and the size of your deposit. Our top tips for 2018 will allow you to put yourself in the best position to make the most of securing your mortgage this year.
1. Your Credit Score matters
Before applying for a mortgage, get a copy of your credit report which is held by
SYMONDS & SAMPSON held the first of their June auctions in Sherborne where 15 lots went under the hammer.
Auctioneer Mark Lewis said “We had a great mix of commercial properties, building plots, development opportunities and land throughout Dorset and South Somerset but one lot was a stand out.
“Hayden Farm at Charminster Dorchester had been in the Miles family for many generations and after the death of Olive Miles, at the age of 97, the farmhouse, buildings and 10 acres were offered for sale. “I have been into many houses but Hayden Farm was one of the most special ones. It is Grade II
Ever fancied owning and running your own hotel? The chance to buy a 23 bedroomed hotel in Lytham St Annes comes at SDL Auctions North West’s July auction.
Elsinghurst Hotel at 34 Derbe Road in Lytham St Annes is located just off the seafront in the popular seaside resort on the Fylde coast of Lancashire, south of Blackpool on the Ribble estuary.
Andy Thompson, senior valuer at SDL Auctions North West, said it was unusual to have the opportunity to bid for a vacant freehold working hotel in an auction.
“The property is located just a short distance from the main town centre and within easy
Potential development site sparks fierce bidding in SDL Auctions Graham Penny’s Leicester auction.
Residential lots proved as popular as ever in SDL Auctions Graham Penny’s Leicester auction which raised a total of £3.6m.
The first lot that went under the hammer set the tone for the auction at the King Power Stadium when 134 Ratcliffe Road, a three bedroomed semi-detached bungalow in Sileby sold for £131,000. It had a *guide price of £75,000.
The final lot of the day rounded off an excellent auction when 2 Albion Street in Oadby, an end of terrace three bedroomed property, sold for £162,000
Selling property at one of our future auctions will be cost effective, simple, fast and stress free.
If you feel that this method of sale 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).
If you’re looking for a speedy sale and certainty that a buyer won’t bail on you then auctions are a good way to go. Once the hammer falls the buyer has to put down a 10% deposit, then they have 28 days to
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.
