A property which has been in the same family ownership for over 50 years has sold at Network Auctions 19th April London sale for £225,000 to a bidder who flew over from Switzerland specially to bid on the lot.
The three bedroom non standard construction property in a plot of approx. 0.42 acres located in Teignmouth Devon attracted considerable pre-auction interest due to its superb sea views towards Lyme Bay. The property guided at £175,000 – £200,000 saw a hot bidding war between locals , Londoners and the eventual successful Swiss buyer and achieved £50,000 more than the lower estimate.
I've a rather quirky property to show you today. We're headed for the East Midlands for this one and I reckon it's probably got something for everyone in the mix. So, whether you're an investor, developer, or owner occupier seeking a project, please read on and see what you think of this little gem...
This fantastic Georgian property in Nottinghamshire boasts many wonderful features, as well as four bedrooms and a stunning location, but it's the inclusion of a Grade II Listed Windmill that first grabbed my attention here! It's not every day an opportunity like that comes along
With a quarter of all households in the UK expected to be renting by 2025, it’s no surprise that investors remain keen on property. To help you identify a lucrative investment opportunity, Romans’ Lettings Managing Director, Richard O’Neill has identified five factors every landlord should look for in a property before buying to let.
1) Local employment opportunities
To attract quality tenants, choose an area where big businesses are based or areas with a number of local employers.
2) Excellent transport links
Proximity to a rail station or the motorway network will make a home more appealing
The UK’s largest property auctioneer Auction House is reporting an “encouraging” first quarter of 2018 with sales exceeding those from last year, and a “healthy” number of entries into April’s auctions.
The award-winning group sold 722 lots in the three months from January to March, compared to 712 in 2017, with a 76% success rate and raising a total of more than £85m (£85,473,000). It has also entered 485 lots into this month’s sales, compared to just 407 in April last year.
Auction House Founding Director Roger Lake said: “This is another encouraging set of figures – especially when you
Commercial property proved popular in SDL Auctions Graham Penny’s April Derby auction at Pride Park Stadium with £5.2m raised in sales.
City Pizza, 71 Wardwick in Derby city centre, a part let, part vacant investment opportunity certainly delivered, selling for £224,000 from a *guide price of £125,000+.
Bidders recognised the potential in the four storey freehold property. The ground floor and basement are currently let on a rental of £15,500 on a 15 year lease expiring in 2026, but the potential for growth is contained upstairs.
The vacant first and second floors are self contained and are
Sellers of high end properties are choosing to sell their homes at auction rather than by private treaty, as salerooms prove they can deliver on price and timing.
A large six bedroom house in Northolme Road, Highbury, London, attracted a lot of attention from bidders. It had a good sized garden but needed updating. It started with a guide price of £1.45m and after strong bidding sold for £1.59m.
Director and auctioneer, Andrew Binstock, said, “The answer is to be brave and put your house up for sale though auction, where it can reap great rewards and fast. A number of people who intended to
One of the largest residential investment opportunities in Birmingham for several years has been sold for over £2.1m by leading property auction business SDL Auctions Bigwood in partnership with GVA.
Mulberry Court in Sutton Coldfield was included in the catalogue for SDL Auctions Bigwood’s March auction with a *guide price of £1.8m, while a private treaty marketing process was run in tandem by GVA.
Toby O’Sullivan of GVA’s Restructuring Solutions team, said: “This unique ‘twin track’ approach to marketing has yielded significant success over the last 12 months, maximising the realisable
One of the UK’s leading property experts has said he’s surprised it’s taken the government so long to introduce a tougher stance on rogue estate agents.
Rob Clifford, commercial director at property specialist SDL Group and CEO of estate agency franchise CENTURY 21 UK, has spoken out after Housing Secretary Sajid Javid announced a raft of new rules. These include a requirement for all estate agents to hold a professional qualification, the disclosure of referral fees received from solicitors, surveyors and mortgage brokers and a crackdown on ‘gazumping’.
Commercial property once again proved popular at SDL Auctions Bigwood’s March auction at Aston Villa FC in Birmingham with strong interest from investors throughout the catalogue of 117 lots which raised £13 million.
Ian Tudor, head of commercial auctions at SDL Auctions Bigwood, said: “The latest auction at Aston Villa FC saw competitive bidding, excellent prices and a very good success rate, which is proof of the continuing growth in demand for commercial property at auctions in Birmingham.”
Early signs that this was to be a successful auction for commercial property came with a corner
A major conference and weddings venue is the main commercial property attraction at SDL Auctions Graham Penny’s next Leicester auction at the King Power Stadium on Tuesday 17 April.
The property at 1 Marchant Road in Hinckley is a 11,000 sq ft unit which is currently arranged and used as a conference and function centre.
Nick Trow, commercial auctions valuer at SDL Auctions Graham Penny, said: “It has traded as a conference centre for 18 years and hosts corporate events for large companies such as Triumph, Mira, and National Grid, as well as weddings, car shows and dinners.
“The venue is
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