Blogs

Auction House reports July sales up almost a fifth

Auction House reported an impressive set of results for July, with 427 lots sold - up over 18% (18.2%) on the same month last year.

The group’s national success rate of 71.6% was ahead of the market and the total raised was a healthy £54.5 million (£54,525,440). The award-winning brand also sold its 2,000th property of the year one month earlier than in 2017 – an end of terrace former off-licence at 105-107 Norfolk Street in Cambridge, which was guided at £400,000-£450,000, but sold in the room for a staggering £795,000.

Church properties drive sales of £5m at biggest auction of year

Three vacant church buildings, including one which sold for nearly four times its guide price, helped drive sales of more than £5million at Mark Jenkinson's biggest auction of the year, last month.

The strong total sales of £5.48m at the auction included the former St Joseph's RC Church in Staveley, Chesterfield which was listed at £75,000 but sold for more than a quarter of a million pounds at £295,000.

Secrets of successful property development in new book

The man who has secured the largest ever loan to a private property company from the Homes and Communities Agency (HCA) has published a book revealing the secrets of property development and investment.

Property developer John Howard received a £15m loan as part of a £26m build cost for The Winerack development on Ipswich Waterfront. When completed in December next year, there will be 150 flats, offices and a restaurant together with 265 parking spaces in the centre of the building over ten floors, accessed by a car stacker system.

Sell your property at auction! Get in touch for a chat!

Selling property at one of our future auctions will be cost effective, simple, fast and stress free.  Have you had your property on the market for ages and it's not received much interest?  Are you looking for a quick sale?  Have you a probate property that you wish to sell?

Summer break for buying but we're here to SELL Property!

The summer break is upon us, and the majority of auction houses are now taking a well earned rest this month. There are a handful of auctions taking place, however catalogues for September will start to be released from the end of this month onwards, right through to December. We've still quite a few unsold lots in our database from auctions last month, so you find something of interest, whilst you wait for the new catalogues.

Property HOTPICK of the WEEK!

Right folks, today I've something a little different to show you... it's off to Leicester this time, where there's a very big property with bags of potential!

Wimborne Property Auction!

After the success of their Ringwood auction this spring, Symonds & Sampson are bringing their property auctions to Wimborne this autumn.

 

Symonds & Sampson are pleased to announce that a date has been set of our first Wimborne auction. On the 5th October The Allendale Centre will be the venue for one of our famous property auctions.

NETWORK AUCTIONS FIGHTS OFF PROPERTY MARKET BLUES

Network Auctions latest sale on 12th July at Grosvenor House Hotel, London has delivered a market beating performance and allayed fears of a property market downturn. The sale delivered a total of £8 million across properties geographically spread across the county and across all asset classes.

Why Buy Property At Auction

The main advantage of buying a property at auction is that you avoid the lengthy process of buying a house in the traditional way. At auction, the process happens in a matter of minutes rather than months and when the hammer falls, you own the property.

The other many benefits of buying property at auction are listed below. If these don't convince you, nothing will!

Low prices

Half-year results up yet again at Auction House

Auction House, the UK’s biggest property auctioneer, is reporting impressive half-year results for 2018, with the number of lots sold up 3.8% on the same period in 2017.

Between January and June the group sold 1,571 lots from 2,096 offered – a success rate of 75% and raising nearly £200m (£197,657,900) in the process. During the first six months of last year the group sold 1,516 lots from 2,020 offered (also a 75% success rate) and raised £182.8m.

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