Following another successful selling month in May with 319 lots sold, Auction House has continued its strong performance in 2018, with cumulative results more than 6% ahead (6.26%) of 2017.
This brings the group’s results since the start of the year to 1,358 lots sold from 1,830 offered – a success rate of 74% - and raising more than £173m (£173,441.950) in the process.
Commenting on the year so far, Auction House Founding Director Roger Lake said: “At a time when the property market is going through a challenging period, we are pleased to report another strong set of figures, which are still
Auctioneers at Auction House London say London properties in top locations are attracting even stronger bidding from buyers despite a weaker property market, as seen at its recent auction at the end of May (24 May 2018).
It’s generally acknowledged across all property markets that sales in the UK capital are down year on year for 2018. But Director and Auctioneer at Auction House London, Andrew Binstock said, “The people in a position to buy are still buying. They might be more discerning but if a property is in a top location it will still have fast and furious bidding while less well located
The main advantage of buying a property at auction is that you avoid the lengthy process of buying a house in the traditional way. At auction, the process happens in a matter of minutes rather than months and when the hammer falls, you own the property.
The other many benefits of buying property at auction are listed below. If these don't convince you, nothing will!
Low prices
Auctions really do offer the chance to secure property at bargain prices. Thousands of properties are sold at auction in the UK every year - and many are hard to value, meaning they often sell at below market value. You
Cheffins second property auction of 2018 will see 16 lots offered on Wednesday 20th June at the their salerooms in Cambridge.
The sale will include a series of building plots, land, residential and mixed-use lots alongside commercial investments.
The headline lot of the day is a mixed-use investment opportunity on Mill Road, central Cambridge which generates a yearly income of over £65,000. On the corner of Mill Road and Devonshire Road, lot 12 has dual frontage onto these two busy streets with two retail units on the ground floor, currently with a rent of £18,000 and £10,615 per annum apiece
Following a tumultuous few weeks in the press for the UK retail sector, investors at the Acuitus auction on May 24th exercised extreme caution. The auction raised £30.716m from the sale of 46 lots.
Acuitus auctioneer, Richard Auterac, commented: “This week’s Marks & Spencer store closure announcement and the continued debate about CVAs has generated a lot of uncertainty around the retail sector.
“This undoubtedly impacted on investor sentiment at the auction. It feels like we are reaching an inflexion point for the retail sector and the property market that underpins it.
This is a unique opportunity to own a gloriously situated farm surrounded by 118.77 acres (48.05 ha) of pastureland, nestled in a tranquil valley with fine views over the rolling East Devon countryside. For auction with Symonds & Sampson on 14th June.
Cookshayes Farm comes to the open market for the first time in over a sixty years. The handsome Stuart period house listed Grade II*, has a wealth of original features and requires complete renovation. To the front of the house is the courtyard of mainly traditional buildings, whilst the modern farm buildings lie across the lane. The land
If you're moving house, the first thing to do is finalise your moving date, and then you can start ticking things off your checklist. Use our guide below so you don't forget anything:
Four weeks before you move house:
Book a removals company as soon as possible. This will guarantee you get the date and the company you want. Keep in mind that weekend moves are likely to be more expensive.
Check your home contents insurance policy to see what cover you have regarding moving home. Your removal company may provide this if you are not covered.
Arrange for parking of the removal van outside your
SDL Auctions Bigwood’s May auction at Aston Villa FC raised over £16.4 million, with strong bidding for residential lots in a very busy auction room.
Gurpreet Bassi, head of residential auctions, said: “Our third auction of the year in Birmingham sold 100% of lots offered by Birmingham City Council and successfully sold 100% of ground rents .”
One of the most eagerly anticipated properties was the House on the Hill, 64 Rosemary Road in Little Aston, Sutton Coldfield, a substantial freehold detached property with planning permission to be redeveloped to create a 22 bedroomed care facility and
Matt Stevens is Director at mortgage consultancy company, The Mortgage Genie. Here, he advises property investors wanting to maximise their rental returns by suggesting the best property hotspots at the moment.
In a time where demand for rental property is on the increase and rent prices are following suit, now is the opportune time to yield impressive profit from your property investments. According to ARLA PropertyMark, the number of prospective tenants registered by lettings agencies increased by 8% in March, with rent rising by 23%.
Head North
It’s unsurprising that investors are wanting
One of the most exciting auction opportunities to go under the hammer in the East Midlands in recent years will be the undoubted highlight of SDL Auctions Graham Penny’s next Leicester auction at the King Power Stadium on Thursday 14th June.
Ranksborough Hall in Langham, Oakham, Rutland is being sold as a major development and investment opportunity.
Located at the end of a long private drive in the unspoilt village of Langham, Ranksborough Hall was built in 1839 for Lord Ranksborough who, at the time, was equerry to Queen Victoria.
The lot, which has a *guide price of £1.8m+, includes a
Moving Home
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