Back in the room! Bond Wolfe held its first in-room live auction for two years in the regular venue of the Holte Suite at Aston Villa, Birmingham, and attracted over 1,000 registered bidders online, in-room, telephone and proxy.
The sale featured properties and bidders from London, the North East, North West and across the Midlands, and bidders were also noted from the USA, South Africa and across Europe.
Whether live or logged on, they saw 156 lots sold and over £26 million raised in sales.
Bond Wolfe offered 189 lots and sold 156 for a success rate of 83%, with the lead up to the
Bond Wolfe is reverting to livestreamed auctions after research revealed the mass majority of bids remained online during its first return to in-room auctions.
The top property auctioneer’s decision came after more than 95% of bids were made online, by phone or proxy at its auction at Villa Park on 21 July, despite hundreds of people attending in person.
Gurpreet Bassi, chief executive of Bond Wolfe, said: “We were really excited to return to Villa Park after receiving lots of feedback from buyers and sellers that there was demand to return to an in-room auction.
An industrial asset in Surrey sold for £3.92m under the hammer as Acuitus raised £28.76m at its latest commercial property auction with the sale of 86% of the properties offered.
The freehold of the 43,154-sq ft Hoppings Timber Yard in Lingfield in east Surrey is let on a new 15-year lease at a current annual rent of £275,000. The purchase price reflected a net initial yield of 6.5%.
Acuitus Director Charlie Powter comments: “With a new long lease in place to a good covenant, this 3.78-acre property with low site coverage of 26% also offers the potential for longer term asset management
Tips to prepare your house for a viewing
The ‘For Sale’ sign is up and you’re hoping to secure a buyer for your house. Now’s the time to roll up your sleeves and do what you can to sell your property.
When viewing a house, potential buyers often need a little guidance to see its full potential. From decluttering the living room to tidying away your bins, here are some tips on how to get your house ready for a viewing.
First impressions count
Visitors will start evaluating the property the moment they arrive, so first impressions really do count. To kick the preparation off
Want to sell your house by private treaty before Christmas? You may already be too late, says Auction House, after record sales
Auction House is reporting its best-ever half year results in terms both of lots sold and money raised.
In the first six months of 2022, the group sold 1,975 lots from 2,338 offered (a success rate of 84.5%) and raised over £316m (£316,581,100) in the process. This marks a 12% increase in sales since the company’s previous best figures in 2019, when 1,752 lots were sold (from 2,277 offered).
It also represents a 13% increase in money
On Thursday 14th July Sutton Kersh Auctions held their fourth auction of the year, marking the halfway point for the business.
The team sold over 30% of their Lots prior to the live streamed online event, equating to a sales value of over £3 million, and including the auction the total came to £7.2 million worth of property. This brings their half year sales to a total of £37 million through 310 properties sold at 4 auctions. Cathy Holt, Sutton Kersh Auctions, Associate Director said ‘Properties are still attractive investments for many. We have seen a rise in first time buyers who are
Auction House London sales buck the trend despite reports of the cooling housing market
Properties are still in high demand say auctioneers at Auction House London with no drop in the number of lots selling or in the number of bidders registering to buy at auction.
In its recent sale (Wednesday 29 June 2022) 92% of the 130 lots offered, sold, raising more than £25m (£25,109,500).
Auctioneer and Director of Auction House
Homes across East Midlands in need of refurbishment will be a major draw at Bond Wolfe’s next auction on Thursday 21 July.
It will feature a string of bargain-priced fixer-uppers suitable for buyers ranging from families looking for their first step on the property ladder to experienced investors aiming to expand their property portfolios.
For instance, a three bedroomed end-terrace house at 38 Oxford Street, Church Gresley, Swadlincote, in Derbyshire, has a guide price* of just £39,000-£44,000.
With gardens front and rear, gas central heating and double glazing
A Grade-II listed manor house in Staffordshire currently run as a boutique hotel and wedding venue will catch the eyes of bidders at the next Bond Wolfe property auction on Thursday 21 July.
The Manor Guest House at Watt Place, Cheadle – just a 15-minute drive away from the popular Alton Towers – boasts 11 ensuite bedrooms, a three bedroomed owners’ apartment and a separate three-bedroomed bungalow.
The freehold property will have a guide price* of £705,000+ in Bond Wolfe’s first return to the auction room in two-and-a-half years, a sale that will also be live-streamed online.
7th July 2022 – There were plenty of renovation opportunities available in SDL Property Auction’s June auction, with everything from classic terrace properties to former police stations going under the hammer.
Lot 1, 41 Derby Road in Belper (pictured) was one of the most anticipated lots of the day, with its requirement for full renovation, and the potential that provided, proving popular. With three bedrooms and ample room for improvement this property had a guide price of £88,000+ plus fees and eventually sold for £192,000, more than double its guide price.
Andrew Parker, Managing