Network Auctions have achieved another auction high with the £2.6m sale of a Freehold block of 8 apartments in Elephant & Castle, London.
The block currently let and producing £180,024 per annum, benefited from planning consent to create two additional apartments.
Network Auctions surpassed their own sales record in March of this year with the sale of a Freehold block of nine flats in Surrey, which also sold for £2.6 million. The recent sale of the Elephant & Castle lot matches their current record, in a year that has seen some market uncertainty.
Strettons’ October auction showed a healthy buyer interest, especially for properties within the southeast, raising over £12.5m on a 74% success rate with post-auction sales set to increase this.
The first half of the property auction started well with the sale of a block of three flats in Aldgate E1 on behalf of Newlon Housing Trust fetching £1.24m off a guide of £1m+, shortly followed by a sea of hands bidding for a freehold vacant house in Harringay N4 which reached £815,000 off a guide of £650,000+.
There were fewer AST investments than usual which may be a reflection of the buy-to-let
An iconic property that has been instantly recognisable to generations of Cardiff residents has gone on the market.
The Rise, on Penhill Road, which is right next to Pontcanna Fields in the capital’s sought-after leafy suburb, is being made available through a public auction on Tuesday, October 24.
Most recently used by Cardiff Council as office accommodation, The Rise was built in the late 19th century, originally as a private home. The sale will include the main villa-style house and a separate caretaker’s property.
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Marc Morrish, head of auctions and auctioneer at Seel
A house priced at £20,000, half an acre of land starting from £12,000 and an £85,000 end terrace in the sought-after Stranmillis area are all up for grabs at an upcoming property auction.
The lowest priced lot in the October auction is over half an acre of land in Clough, Ballymena. Accessed via a laneway off the Glenleslie Road and priced at £12,000, the land was once approved planning permission for a house and garage. Potential buyers are encouraged to pursue further planning opportunities.
The Osborne King auction, which will take place at 11am on 20th October at the Clayton Hotel, Ormeau
A huge former farmhouse standing in more than four acres of grounds near Coventry will go under the hammer at SDL Auctions Bigwood’s next auction in Birmingham on Wednesday 18 October.
The five bedroomed property on Bennetts Road North in Corley has been converted into three self-contained units called Grove Farm, The Annex and The Hayloft, and has a *guide price of £595,000 to £645,000+.
Gurpreet Bassi, head of residential auctions at SDL Auctions, said: “This is an exceptional property and could either be used as three units or could easily be converted back into a single dwelling.
Romans enjoyed their most successful auction of the year so far, selling 94% of their September catalogue as bidders sought good quality and value for money amidst political uncertainty. The majority of lots sold for significantly more than their guide prices, demonstrating that correctly and realistically priced properties attract buyers prepared to exchange contracts quickly at a true market value.
Vacant houses and flats for renovation, several in semi-rural locations, plus building plots with planning permission continued to prove as popular as ever. Notable sales included;
The lowest priced house in the West Midlands will go under the hammer at SDL Auctions Bigwood’s next auction in Birmingham on Wednesday 18 October.
The three bedroomed terraced house at 51 Leamore Lane in Walsall is said to need a complete refurbishment but has a *guide price of only £19,000 to £24,000+.
Gurpreet Bassi, head of residential auctions at SDL Auctions, said: “We believe this Walsall property is the lowest priced house currently on sale in the West Midlands.
“This lot would make an excellent opportunity either as an investment purchase or as a first home, and we expect strong
A chapel and church hall attracted an eager congregation at SDL Auctions Graham Penny’s busy auction in Derby, where the total prices raised were the best for a year.
And the bidder who sang the highest notes for the former Methodist chapel and church hall at 10-14 West Street in Swadlincote got the keys to God’s house for £200,000.
It was one of 57 lots sold during the auction on 21 September which secured a success rate of 85 per cent and raised a total of £6.4m.
Andrew Parker, auctioneer and managing director at SDL Auctions Graham Penny, said: “We were really pleased to have such an
Unmodernised houses are continuing to be the 'backbone' of sales for Mark Jenkinson and Son following a busy £2m auction in September.
Mark Jenkinson and Son sold 34 out of 43 lots at the firm’s recent auction including a four-bedroom unmodernised terraced house in Alexandra Road, Heeley with a guide price of £100,000 which sold for £136,000.
A two-bedroom property in Walkley also in need of modernisation and with a guide price of £75,000 sold for £106,000, while a three-bedroom inner terrace at Fanshaw Road in Dronfield achieved £124,000 against a reserve less than the guide of £90,000.
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 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
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