Blogs

£1.5 million residential investment in SDL Auctions Graham Penny’s Leicester auction

One of the largest residential investment properties to come on the market in Leicestershire is set to be sold under the hammer in SDL Auctions Graham Penny’s Leicester auction on Thursday 29 November at the King Power Stadium.

Network Auctions shows “There’s opportunity for value” in the property market

Network Auctions’ latest London ballroom sale on 25th October shows “there’s opportunity for value,” says Toby Limbrick, Director, despite the tough market.

“There’s an absence of owner occupiers in the room, with the majority of the buyers being seasoned investors.”

“Compared to the open market which appears to be at standstill, the auction room provides sellers with an opportunity to trade quickly and efficiently, at premium prices through competitive bidding”.

The Costs of Being a Landlord

Leading Lancashire auction house, Edward Mellor, has put together a risk list for potential landlords, something that should be read if your considering taking the leap!

Buyers from Ireland push prices up at Sherborne auction

Symonds & Sampson’s collective auctions see £3.6 million of properties sold under the hammer across Dorset, Somerset & Wiltshire during the month of October.

Tough sale produces great results for Auction House London

TV crews from BBC1’s Homes Under The Hammer, and Channel 4, witnessed a packed saleroom for Auction House London at the end of October (25 October 2018) which raised just under £20m.

Lively Bidding for Harrogate Semi at Auction

A semi-detached house in Harrogate was the subject of some lively bidding at auction this month, pushing the final sale price well above the original guide of £150,000.

The three bedroom house on Oakdale Avenue was the first lot to come under the hammer at the October property auction by FSS estate agents and auctioneers and the bidding was broadcast live on social media. The hammer finally came down at £173,000.

Investors broaden buying scope as Acuitus sells £46.25m

The volume of sales completed this year by commercial property auction house, Acuitus, approached the £200m mark as its latest auction raised £46.25m with a success rate of 77%.

A busy and vibrant room witnessed bidding for all property investment sectors across the UK, and the trend for looking at alternatives to pure retail saw a Travis Perkins trade counter in Melton Mowbray sell for £1.4m at a yield of 4.38%. With nine years unexpired on the lease and no break options, the investment currently produces rental income of £65,000pax.

Aston Mead welcomes call for public land to be freed up for housing

Leading land agents Aston Mead have thrown their full support behind the winning idea in this year’s £50,000 Richard Koch Breakthrough Prize from the Institute of Economic Affairs (IEA).

The prize, supported by entrepreneur Richard Koch, sought to find the best and boldest entry outlining a ‘free market breakthrough’ policy to solve the UK housing crisis. It was judged by a panel including Jacob Rees-Mogg MP, Richard Koch and Mark Littlewood, Director General at the IEA.

Buy-to-let in SDL Auctions Graham Penny’s Nottingham auction

A former doctor’s surgery which was offered as a seven bedroomed property was one of the star lots at SDL Auctions Graham Penny’s Nottingham auction which raised over £2.4 million.

Andrew Parker, managing director and auctioneer at SDL Auctions Graham Penny, said: “There was strong demand for buy-to-let properties and investors were out in force.”

Buying at auction - what you need to do

A property auction can be a thrilling way to buy property, and snap up a bargain. They aren’t just good for buying repossessed homes, it’s now possible to buy all kinds of properties at auction. However it is essential that you do your homework before trying to buy a property at auction, and you need to put a number of important things in place before you go. It does't matter what your reason for buying at auction is, the key to success is preparation.

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