Leading UK property auctioneer Auction House has recorded its best first half results in the fourteen-year history of the company.
Between January and June, the group raised over £275.5m (£275,576,028) – a 60% increase and more than £100m (£103,599, 079) up on 2020, and almost £60m (£59,879,527) better than its last best-ever success in 2016.
Commenting on the results, Auction House Managing Director Jeremy Prior said: “Announcing such spectacular figures during a global pandemic – some of which was spent in total lockdown – is a phenomenal achievement.
“The fact is
DIY enthusiasts will be attracted to homes needing attention across Birmingham with prices ranging from £29,000 to £225,000 at Bond Wolfe’s next auction on Wednesday 21 July.
A two-bedroomed, mid-terraced house at 8 Norwood Grove (pictured) in Lozells is just one of a record 250 lots going under the hammer in the live-streamed auction.
The vacant property with front and back gardens comes with a guide price* of £29,000 to £34,000, reflecting its need for modernisation.
Renovation is also for a two-bedroomed, mid-terraced house which stands flush to the pavement at 60 Eva
A Grade II listed Georgian country house near Stourport-on-Severn is set for a fresh lease of life when it comes up for sale with Bond Wolfe on Wednesday 21 July.
Lickhill Manor has been a family home for most of its 300-year history but has also been used as a maternity hospital and, most recently, a care home. But it has been empty for nearly a decade and is now listed for auction with a guide price of just £455,000+.
That could be a bargain for its new owner, who could return it to use as a luxurious family home or convert it into apartments or any leisure or business
From Scotland, across Wales and down to the south coast of England, SDL Property Auctions has sold properties across the length and breadth of the country in another bumper month of live-streamed Auction Events, daily Timed Auctions and Buy It Now sales.
The UK’s most successful live-streamed auctioneer reports that demand was strong for lots of all types, including family homes, city apartments, plots of land and commercial properties.
Among the family homes which sold in June was a three bedroomed end-terrace in Devon. Located in a popular residential area with stunning
Auction House London has just held another top performing sale raising almost £30m (£29,763,300) at its recent auction last month (Wed 16 June 2021).
Lot after Lot attracted large numbers of serious bidders with many of the 129 properties listed, selling considerably above reserve prices. 87% of lots sold, with land were a highlight of this auction, where parcels both, with and without planning permission created strong competition between buyers.
In Sunbury on Thames, Middlesex, a rectangular piece of land with planning in place for a two bedroom detached house, was guided at £50
Competitive bidding is expected when a Victorian pub on a back street corner plot in Staffordshire appears at Bond Wolfe’s next auction on 21 July where a record 250 lots will go under the hammer.
The Duke of York at 27-28 Victoria Street in Burton-on-Trent, which has plenty of land to the rear and comes with planning approval to convert into nine apartments, has a guide price* of £210,000+.
There are alternative plans for retention of part of pub building as a micro bar, with the remaining premises becoming eight apartments.
Bond Wolfe director James Mattin said:
A Grade II-listed Midlands farmhouse with eight bedrooms that dates back at least 200 years is one of the star properties in Bond Wolfe’s next auction on Wednesday 21 July where a record 250 lots will go under the hammer.
The Georgian property on Otherton Hall Farm, near the hamlet of Otherton, near Penkridge in South Staffordshire, will have a guide price* of just £250,000+ in the live-streamed auction.
The Farmhouse is currently detached and ranges over four floors including the attic, with an additional basement, and it needs refurbishment throughout.
Despite a background of projected higher UK inflation and also the extension of the commercial eviction moratorium, Acuitus raised £22.8m with a success rate of 95% at its June auction.
Acuitus Chairman and Auctioneer, Richard Auterac, commented: “Investors have been increasingly reappraising their investments in anticipation of an inflationary environment and are rightly worried that the 0.1 per cent they receive from their banks will be woefully inadequate.
“By comparison, the returns from strong commercial property investments look increasingly attractive.
“The news of the
Auction House has announced its highest-ever monthly sales total, with its sales in May alone exceeding £70m (£70,309,251).
The group sold 397 properties from 466 properties offered under the hammer last month, at an impressive success rate of 85.2%.
This means that so far this year the group has sold 1,395 lots from 1,709 offered, at a success rate of 81.6%, and has raised a total of over £220m (£221,674,003).
Commenting on the figures, Auction House Managing Director Jeremy Prior said: “Not only has Auction House continued to sell more properties every year than any
SDL Property Auctions is offering a hassle-free way to secure your next property, as supply issues on the open market pave the way for the return of gazumping.
Launching its latest interactive digital catalogue of around 200 lots, the UK’s most successful live-streamed auctioneer promises buyers in this month’s National Property Auction a smooth experience with a fixed completion date and no gazumping.
Featuring homes with *guide prices ranging from £1,000+ to £1,000,000+, the catalogue offers properties for all budgets in all parts of the country, from a plot of land on Orkney down