The Acuitus March auction saw the sale of 74 lots for a total of £47.36m. The success rate was 86% and 16 lots sold for more than £1m.
Acuitus Chairman, Richard Auterac, comments “Investors are making it plain what they demand, so the ball is really now in the sellers’ court. If they supply the right assets, these will sell at good prices.''
The auction showed the broad-based investor demand which is targeting property of all sector types. Competitive bidding consistently saw lots sell well above their reserves and the sale attracted national and international investors.
The Planning Director of one of the country’s most respected land brokers is calling on the UK’s villages to take the lead in house building.
Adam Hesse from Aston Mead Land & Planning says that this could produce over 300,000 new properties in a way which would be a genuine benefit to local communities.
He explains: “What I am proposing is that every village in the country agrees to build between five and ten new homes each over the next five years. So instead of having hundreds of homes imposed on them by big construction companies, the villagers themselves could play a part in deciding
SDL Graham Penny, part of SDL Auctions one of the UK’s largest auction networks, held a successful second Nottingham auction last month raising more than £2.8m in sales for vendor clients.
The auction, on Thursday 16th March at Nottingham Racecourse, saw a busy auction room of bidders take part in some exciting and competitive bidding which resulted in more than 30 lots selling under the hammer including residential and investment properties, commercial properties, development sites, building plots and land.
Andrew Parker, auctioneer and managing director, commented: “Our auction room last
On 15th March, almost £4.2m-worth of sales were achieved across 21 lots at Cheffins first property auction of the year. The sale saw the highest level of pre-event interest ever recorded with 600 legal packs downloaded and over 200 buyers in attendance. The maximum prices paid were for commercial properties with solid investment incomes throughout the Eastern region.
The star lot of the day was a freehold mixed-use building in Biggleswade which achieved £1,055,000 against a guide of £900,000, making it the record hammer price ever recorded at a Cheffins property auction. Generating an annual
The popularity of lots offered on behalf of South Yorkshire and North Lincolnshire councils led to a 'phenomenally busy' auction and sales of £4million.
Lots including two park lodges in Barnsley, an ex-education centre in Doncaster, a well-known Derbyshire pub, and a Grade II listed former threshing barn in Lincolnshire all went under the hammer at the Mark Jenkinson and Son regional local authority auction.
Adrian Little, Head of the Auction Department, said: "This was a phenomenally busy auction – one of our busiest ever with a packed hall - thanks to the variety of properties on offer
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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.
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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
Auction House London is celebrating selling the largest number of lots it has ever sold in a single auction, along with its highest-ever priced property.
In its last sale on 22 February, the company raised almost £22m (£21,806,250) by selling an impressive total of 85 lots, including the star lot of the day - a six-bedroom semi-detached Victorian house in St John’s Wood, which sold above its £3m guide price for £3.25m.
Commenting on the figures, Auctioneer Andrew Binstock said: “This is another spectacular set of results for Auction House London. Not only are we now the official auction room
Award-winning brand Auction House is reporting the second-best month in the ten year history of the company, despite the downturn in the private treaty market.
The month of February saw an impressive 466 lots sold from 602 offered – a success rate of 77.4% - which raised a total of £57.7m in the process.
Auction House Founding Director Roger Lake said; “These figures mark a strong start to the year that bodes well for the coming months. Normality seems to have returned to the auctions market, sales rooms are busy, and careful guide prices are generating enthusiastic bidding. From our
The budget may have been a disappointment for many but across London from Westminster, the Network Auctions auction saw the biggest attendance ever at the Grosvenor House and a healthy volume of serious bids being made.
A total of 26 lots sold producing income of over £9.6 million, a sales success rate of 80%.
Star results included:
Walton on Thames: A freehold investment comprising a block of apartments sold for £2,600,000
Aylesbury: Two adjoining lots with a combined guide price of £760,000 sold for £870,000.
Swansea: A derelict cottage with a guide price of £7500 sold for £41000 with bids
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