CPBigwood’s largest ever auction of 141 lots brought in £10.3 million – and is set to go higher.

Held at the Holte Suite, Aston Villa, there was a 70% success rate with good interest in a number of the unsold properties.

“We are therefore expecting these figures to rise,” noted Jonathan Hackett, partner and head of auctions.

The outcome saw 100% sold for both Birmingham City Council and Solihull Council, 100% of garages, 79% of residential vacant, 71% of land and development and 63% of residential investments.

A standout was 1059-1069 Kingsbury Road, Castle Vale, Birmingham, a freehold modern

Sutton Kersh sold 70% of the lots offered at its latest Merseyside property auction, generating proceeds of over £3.7 million.

The performance in the room was supplemented by a large number of lots which sold prior and, with strong post sale interest in unsold stock, the final figure could reach £4 million.

Highlights included a pair of vacant three storey middle terrace properties in Chester, comprising retail, commercial and residential space. Guided at £100,000 to £125,000, competitive bidding saw the lot achieve £189,000.

The very first lot of the day, a three bedroom extended semi

With property auction statistics showing their best results for 7 years, Roma Finance were able to help a broker’s client who won a fantastic investment property at a recent auction. 

The client was let down by another lender who wouldn’t or couldn’t see the real commercial potential of the project after renovation and was inflexible in their approach. The broker approached Roma Finance because of their expertise in resolving sticking points by taking a closer look at cases and working with clients to resolve any issues, and so Roma Finance stepped in to re-assess the case.

As they do with all

Selling property at auction can be an option. If you are considering selling up and want to know how much your property might be worth at auction, why not send us a few details and one of our auctioneers will give you a ring, to chat further about your requirements.

Our auctioneers can answer all your questions, advise how the auction process works, confirm the fees, and arrange a free valuation of your property to see whether the possibility of selling via auction, is right for you. If you are happy to progress, then they will provide you with a contract for auction and advise on everything

Here in our London auction office, we are feeling the heat!

There are so many property auctions taking place this week and next (before the August summer break) and we've been working hard to update the UK Auction List auction calendar with all the latest future auction dates - right through to October!

We will be updating our database on a daily basis with all the unsold lots from the auctions, so check out properties in your area to see if there's still a bargain to be had.  And although many of the property auctioneers catch their breath in August, there are a few auctions taking place, and

On August 22nd, Auction House Scotland will hold its first auction in Aberdeen, with properties for sale across the Highlands and Islands and Grampian area.

Since launching in Glasgow a year ago, Auction House Scotland has raised £11.5 million for our vendors. Their conversion rate is sitting at 70% of lots sold – which they’re pretty pleased with!

They have an auction every seven weeks or so, with an increasing number of properties coming from the Highlands and Islands area. WThey’ve realised that the time has come to service this area with an auction room closer to home – and so have chosen

Houses sell faster in Cambridge than in any other part of the country, according to a new survey.

It takes 27 days on average for properties in the university city - home to many science and technology firms - to change hands, said property website Rightmove.

The slowest area for shifting a property is Powys in mid-Wales, where it takes an average of 113 days to sell a house.

But overall Rightmove found that the housing market has gained pace with properties across the UK on average selling ten days faster than a year ago.

Earlier this week data from the Office for National Statistics revealed

A former boarding house at the center of a David and Goliath battle between an elderly woman and Donald Trump is going up for auction.

In the 1990s, Trump had wanted to tear down Vera Coking's building and convert the land into a parking lot for his Trump Plaza Hotel and Casino. Coking fought the state Casino Reinvestment Development Authority from condemning the property through eminent domain. The state Supreme Court sided with her in 1998, ruling the redevelopment agency could not seize the lot.

Much has changed since. Coking, a widow who is now 91, has moved to California. Atlantic city's

People buying distressed or repossessed properties at auction can generally expect to pay in the region of 20% below market value as a result of insolvency practitioners rushing to sell, according to an established auctioneer.

Distressed or repossessed properties, which generally only tend to make it into certain auctions, should be selling for 20% more than at current rates, according to Edward Swindells. Swindells claims that once insolvency experts and lenders have offloaded the assets attached to these properties, they are no longer incentivised to achieve the best price for the vendor and

Award-winning brand Auction House is entering the highest number of lots to be sold at auction in one month since the height of the recession in 2008.

Over 600 residential and commercial instructions are due to be auctioned in 27 sales across England, Scotland and Wales during July. According to the Essential Information Group (EIG), this is the highest monthly figure recorded by a UK auctioneer for six years.

Auction House Founding Director Roger Lake said “Strong listings in our core areas and growth in others have come together to make it our busiest month ever. The regional auctions