Blogs

Windmill Cottage sails through auction

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.

Seaside homes star in new auction catalogue

Coastal homes with great sea views are expected to attract plenty of buyers to the next SDL Auctions Cheshire and North Wales auction in Chester on Tuesday 27 June.

They include a three-bedroomed, semi-detached house at 13 Seafield Road in Colwyn Bay, sitting in an elevated position in the town and commanding impressive views of Rhos-on-Sea and the Little Orme headland in North Wales.

Alternative investment options and residential homes

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.

Strong sales for Auction House London

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.

North Wales country pub to be auctioned

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.

Appetite for selling undiminished by Brexit and election, says Auction House

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.

Lower Stamp Duty rates would increase Treasury tax take

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.

May auction shows opportunities for sellers

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".

Impressive Georgian farmhouse heads next Leicester auction

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.

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