Research by the UK’s leading auctioneer suggests that the auction market is continuing to prosper, while estate agent sales are still struggling.
Auction House says the latest data from the Land Registry indicates that 2017 saw a 21% decrease in residential sales compared to 2016, whilst the group’s own auction figures were at record levels.
Auction House Founding Director Roger Lake said: “We had an excellent year in 2017 with 3,485 lots sold – which is over 1,250 ahead of the second largest auctioneer. Also, our entries this month are up again year-on-year, with 740 lots catalogued for
A Grade II-listed pub dating from 1752 and gutted by the 2007 flood has sold at auction for £250,000 - two and a half times its guide price - in a strong first auction of the year for Mark Jenkinson and Son.
The historic Farfield Inn survived the Great Flood of 1854 but was gutted by the city’s flood more than a decade ago and has been disused ever since.
As a result the coaching inn premises on Neepsend Lane is a very poor state of repair with complete restoration required. But despite the guide price of £95,000the landmark building sold for £250,000 at the January auction which saw total
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 directd 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
Those looking for the ultimate Welsh hideaway holiday home need look no further than a Holywell cottage in the woods, which goes under the hammer with SDL Auctions Cheshire and North Wales later this month.
Y Coed, Tan Lane, Ffynnongroew, Holywell, Flintshire, will be one of the most intriguing lots in the auction at Chester Racecourse on Tuesday 27 February.
It is the first time Y Coed has come to the market in many years, and Edward Feather, senior valuer and auctioneer at SDL Auctions Cheshire and North Wales, is really excited at the opportunity it offers.
A substantial mixed-use property in Wales with an established income stream of nearly £30,000 per annum is going under the hammer in SDL Auctions Cheshire and North Wales’ first auction of 2018.
Liverpool House on Corwen Road, Pontybodkin in Mold has a guide price of £150,000+ and is one of 54 lots in the catalogue for the auction at Chester Racecourse on Tuesday 27 February.
The property is bringing in rent of £8,080 per annum from a hair salon and beauticians in two ground floor retail units, and another of £21,580 per annum from four one bedroomed flats on the ground floor and upper
SDL Auctions Graham Penny’s 2018 Nottingham auctions got off to a great start with over £1.8m raised in the 31 January auction held at Nottingham Racecourse.
The auction was held in the week when SDL Auctions Graham Penny was once again named as the top auctioneer in Nottingham by the Essential Information Group.
Early lots sold well with 76 Chadwick Road, Nottingham, a three bedroomed semi-detached house requiring modernisation and improvement, achieving £133,000 from a *guide price of £80,000.
Similar success was enjoyed for 7 Staverton Road, Bilborough, an extended, three bedroomed semi
Acuitus Finance - in conjunction with Octopus Property - has developed a Pre-Approved Auction Bridging Loan to streamline the process of buying properties at Acuitus auctions.
The auction room and the finance market operate at different speeds. If an investor buys at auction they have 4-6 weeks to complete the purchase but organising finance can take much longer than this - sometimes months.
The new pre-approved loan product has been designed to address this mismatch. Octopus Property will provide a 50% loan-to-price bridging loan based upon the price paid in the auction room and with no other
Commercial property continues to prove popular in auctions, and SDL Auctions Graham Penny is now inviting final entries from vendors looking to sell retail units, development land, industrial premises or investment properties at the first Derby auction of 2018.
Robert Stone, senior valuer at SDL Auctions Graham Penny, said the auction on Thursday 22 February at Pride Park Stadium already had a strong selection of commercial properties.
“Interest in commercial property in auctions has been growing and we are pleased with the variety of properties already confirmed for our first Derby auction
Award-winning property auctioneer Auction House has maintained its number one ranking in the industry, successfully selling 3,485 lots last year – a figure which is up 4% on 2016 and over 1,250 (1,269) more than its nearest rival.
It’s the fourth year in a row that the group has passed the annual 3,000-lots sold milestone, offering 4,647 lots in 2017 with a 75% success rate, and raising over £440million (£443,969,384).
Responding to the figures, Auction House Founding Director Roger Lake said: “2017 turned out to be another brilliant year at Auction House. Yet again, we sold a record number of
An East Midlands property agency says it has experienced a record year for the sale and acquisition of development sites – breaking the £100m barrier for the first time in its history.
Fisher German’s national planning and development team, based at the firm’s Ashby De La Zouch office, has released record results after advising on the sale and acquisition of multiple sites with a value in excess of £100m in 2017.
The sites, based across England, range from two to 160 acres and are capable of delivering more than 2,900 dwellings nationwide spanning across areas from Gloucestershire to Cheshire
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