Three terraced homes in Middlesbrough are likely to excite the market when they appear at an auction next month with guide prices* of just £1 each.
The mid-terraced, two-bedroomed properties, which all need improvement works, head a range of north east homes appearing at SDL Auctions Bigwood’s auction at Villa Park, Birmingham on Thursday 6 July.
Gurpreet Bassi, SDL Auctions’ partner and head of auctions, said: “These three properties offer excellent investment opportunities in the rental market and will potentially bring in attractive revenues once they have been refurbished.”
Polling for the general election on the same day appeared to have no effect whatsoever on SDL Auctions Graham Penny’s Derby auction.
Lots sold on the day and prior to the event totaled more than £4.8m with strong interest shown in the 66 lots offered at Pride Park Stadium.
One of the best results was for the final lot – Windmill Cottage 185 Swarkstone Road in Chellaston, Derby, which sold for £180,000 from a *guide price of £85,000.
But there was also keen interest in the first two lots offered which both also went for more than double their guide price.
Cheffins second property auction of the year will see 19 lots auctioned tomorrow at the firm's sale room in Cambridge.
The auction will include a variety of alternative investment options, varying from a former ambulance station, a village hall and a disused fruit packing depot which will be available alongside a series of residential and mixed-use properties.
The highest value lot in the June sale is 0.52 acres of strategic land in Ipswich. Formerly the distribution depot of JJ Wilson Ltd, the local fruit and vegetable packing business, it now has allocation in the Local Plan for up to 18 new
Buyers are still turning out in force for Auction House London with one property selling at almost double its guide price, at its sale on 2nd June 2017, despite uncertainty over the forthcoming General Election and Brexit negotiations.
In Hampshire a three bedroom semi detached property, needing total modernisation, started with a guide price of £90,000, and sold for just under double that amount, at £178,000. The house in Minden Way, Winchester needed total modernisation.
In Wanstead, London, a property made up of three self contained flats generating an income of £26,500 a year in rental
A country pub with log-burning fires and the potential for residential development will be a star property at the next SDL Auctions Cheshire and North Wales auction.
The Coach & Horses is in Flint Mountain village on the main Northrop Road, leading to the old A458 North Wales coast road, about 12 miles west of Chester and 18 miles south east of Rhyl and Prestatyn.
The large detached freehold building is well-presented throughout after a recent renovation and boasts an entrance porch, large bar and seating area, additional dining room, kitchen, store room and cellar.
Award-winning auctioneer Auction House is reporting robust figures for May 2017, selling almost a quarter more lots (23%) than during the same period last year.
The UK’s leading property auctioneer successfully sold 274 lots in the month, compared to 223 in May 2016.
Commenting on the figures, Auction House Founding Director Roger Lake said: “Despite holding the same number of auctions during the two months in question, the group has sold a significantly increased number of lots. This suggests that the appetite for selling under the hammer through our regional auction rooms hasn’t been
Leading regional estate agent in East Hertfordshire and West Essex Mullucks Wells has called for the new Government to apply the same logic to Stamp Duty on property purchases that historically has been applied to Corporation Tax.
Residential Director William Wells says that as the rate of Corporation Tax in the UK has come down over the years, the amount collected by the revenue has actually gone up.
He explains: “It sounds counterintuitive, but it’s true. The lowest ever rates of Corporation Tax have led to the highest ever amount of income for the Treasury - currently standing at £56bn
Six lots sold for more than £2m each as Acuitus raised £37.4m at its May auction.
Acuitus Chairman, Richard Auterac, commented: "This auction vividly illustrated the opportunities for sellers who have properties that are in the £1m-£5m bracket and have the characteristics that our major investors and property companies are looking for.
“These buyers are not defined by sector or location and this is creating a hugely conducive environment for selling".
A prime retail unit occupied by GAP at 192 Western Road in Brighton sold for £2.81m and there was also sustained bidding for a restaurant
A huge former Georgian farmhouse, which has an adjoining paddock and brick barns with the potential for residential development, will be auctioned in Leicester this month.
The stylish, six-bedroomed farmhouse at 7 King Street in Sileby, Leicestershire is scheduled for auction on Friday 23rd June at the King Power Stadium, Leicester, with a guide price of £350,000.
SDL Auctions Graham Penny is now calling for other properties to join various houses that have already been entered for the auction.
Carl Finch, a valuer at SDL Auctions Graham Penny, said: “This former Georgian farmhouse is a
Selling property at auction can 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).
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 complete the sale.
Selling at auction also widens the potential market, not only will there be buyers who want to make it their home
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.
