Blogs

MARK JENKINSON'S £3m Yorkshire property auction bucks market trends

It was 'business as usual' despite Brexit and political uncertainty after lots totalling nearly £3m were sold at Mark Jenkinson and Son's April auction - making Yorkshire the second strongest performing region in the market so far this year.

A fire damaged-shop, former pub, and a student house were among the top sellers at the auction, seeing Yorkshire buck market trends. The region is the only area outside the South West to show such positive auction results for 2019 to date.

Record Q1 results at Auction House

Auction House, the UK’s leading national and regional property auctioneer, has delivered its best ever first quarter sales in the 12 year history of the company.

The group sold 762 lots between January and March 2019 – up 5.5% on the previous year - at a success rate of 74.4%, and raising £87.9 million in the process.

Bond Wolfe Auctions reveals star trio of hot properties in next auction

Bond Wolfe Auctions, fresh from raising £16.7 million with a success rate of 90% in its first auction, has unveiled a trio of star properties that will go under the hammer on Thursday 9 May at Aston Villa FC.

44 Fitzroy Avenue in Harborne, Birmingham, is situated on one of the most popular roads in the area. It is a substantial four bedroomed family home and has previously been on the market at around £900,000.

Sales for Auction House London hold strong for the first quarter of 2019

Buyers are continuing to pack into Auction House London sales, with last month’s auction being no exception (on Tues 26 March 2019).

Buyers look beyond politics as April auction raises £28m

The April Acuitus commercial property auction raised £28m from the sale of 79% of the lots offered as buyers looked beyond the political deadlock surrounding the UK’s exit from the EU.

Auctioneer, Richard Auterac, commented: “Investors are drawn to commercial property predominantly for the sustained strength of its income return, and what we saw today was confidence in the sector to go on delivering that regardless of the short-term political situation.

Refurbishment properties to be given a new lease of life

Refurbishment properties once again proved popular with bidders at the SDL Auctions Cheshire and North Wales auction at Chester Racecourse.

Investors and developer appreciated the opportunity to add value to terraced homes in particular.

Bond Wolfe Auctions wins prestigious Birmingham City Council contract

Bond Wolfe Auctions, the UK’s newest auction business, has won the contract to handle the disposal of Birmingham City Council’s surplus property and land assets.

The appointment will result in a number of lots being offered at auction with many already confirmed for the Thursday 9 May sale including a detached house in Fentham Road, Erdington, and a parcel of land in Runcorn Road, Sparkbrook.

Market confidence shown at Cheffins property auction

The first property auction of 2019 saw an 82 per cent sale rate and strong prices achieved on Wednesday 13th March.

Barns with development potential saw some of the most active interest on the day, including a 17th century Grade II listed barn set in four acres in Great Yeldham, near Toppesfield, Essex, which sold for £160,000. Similarly, a detached agricultural barn offered in Fenstanton, near Cambridge, with planning permission for conversion into two large residential dwellings made £294,000.

Local Merseyside auction house posts record figures in 2019

SUTTON KERSH is challenging the notion of Brexit spelling bad news for business by posting record figures in 2019.

With a national stagnation in 2016 property sales, following the EU referendum, it’s no surprise that auction houses across the country were sceptical about how the deal or no deal decision would affect their business. Moving into most recent developments, a no-deal Brexit has once again created a degree of uncertainty in the industry.

Penthouse plans for Selly Oak water tower

An historic Birmingham landmark could become home to a spectacular rooftop penthouse as well as three luxury apartments after it was purchased at Bond Wolfe Auctions’ inaugural sale at Villa Park.

The locally listed former water tower, which was built in 1902 and previously formed part of Selly Oak Hospital, already has planning permission for conversion into three apartments.

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