Romans’ first property auction of the year saw hundreds of buyers attend the Green Park Conference Centre in Reading to witness a catalogue of interesting and rare lots being sold.

“This was a terrific start to the year with 86% of the lots selling; a majority for significantly higher prices than their reserves” comments Simon Clayton, Romans’ Auctions Director.

Two of the most popular lots on the day were both in Reading; an attractive vacant Victorian terraced house on Wokingham Road sold for £61,000 above its guide price following a fierce bidding war, and another terraced property on Kensington Road requiring modernisation sold for £240,000 from a guide price of £205,000.

Another sought-after property offering fantastic potential was a three bedroom semi-detached house on Alma Road in Windsor with planning permission for a two storey rear extension, which sold for £475,000.

“We knew this lot would be popular” Simon comments, “it’s in an extremely desirable location close to Windsor town centre and with planning permission already granted it was a great purchase for a developer, investor or owner occupier.”

Over in Wokingham a vacant three bedroom semi-detached house on Waterloo Crescent, which has been partly refurbished and requires completion, sold for £352,000, an impressive £42,000 more than its guide price.

A commercial property in Aldershot encouraged another bidding war; the light industrial unit on Upper Elms Road sold for £226,000, almost double its guide price of £120,000.

Click here to see all of the results from Romans’ February auction.

“We are now inviting entries for our second auction of the year on 23rd March, and with many investors actively looking to purchase more properties this could be a great time to sell” adds Simon.