Leading property auctioneer Auction House has announced a record October result, with total money raised of over £64.6m (£64,679,596) – easily outperforming every other UK property auctioneer’s sales this month.
This monthly figure is also the highest for the group so far this year, and the second highest it has ever recorded. Full figures show 421 auction lots sold from 517 offered, at an impressive success rate of 81.4%.
Auction House Founding Director Roger Lake commented: “This performance, delivered under Covid restrictions, is exceptional and tells a powerful story about the
SDL Auctions has shared more information for investors ahead of its next live-streamed auction on 26th November.
With a catalogue of 170+ residential and commercial lots across the whole of the UK, the auction offers a diverse range of properties from studio apartments to a million-pound pad and even a shopping centre.
Managing director and auctioneer Andrew Parker said: “There may be many things it is not currently safe to do – but it will always be safe to buy property in our live-streamed auctions. Going out may not be an option but there’s still plenty which can be achieved by
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The digital age is truly upon us and is the only way forward. 2020 has accelerated the use of digital technology throughout numerous aspects of our lives.
Whether for work meetings via Zoom, social contact via video calling or video tutorials to live tutorials. At some point over the past year, we have all increased our level of digital use. This rapid migration to digital technologies driven by the pandemic, will continue into the recovery. This is the ‘new norm’ as they call it.
For the auction world, traditional ballroom auctions had come to a
The growing demand for commercial lots in auction was demonstrated by outstanding results in Bond Wolfe Auctions’ latest online auction.
The auction on Wednesday 28 October saw record total sales of over £21.2 million with 185 lots sold from the 201 offered for an impressive success rate of 92%.
Some of the best results prior to the sale and on the day were recorded by commercial lots, results that managing director Ian Tudor has highlighted.
“We are seeing a continuing increase in demand for commercial lots and development opportunities from buyers resulting in a number of lots selling
A landmark shopping centre could be yours for less than £1 million when it goes under the auctioneer’s hammer this month.
The George Centre in High Street in Grantham retains the Georgian façade of the former George Hotel, making it a distinctive landmark in the heart of the town. It offers an exciting and unique opportunity according to experts at SDL Auctions, which will be selling the property in its national property auction this month.
Senior valuer Carl Finch said: “This is a really prominent building within the town’s main shopping area which benefits not just from its High
The property market shows no signs of slowing down according to Auction House London, following another top performing sale (Tues 27 October 2020) raising almost £21m (£20,850,600).
Since sales went totally livestream in March due to the Coronavirus pandemic the market has boomed for Auction House London, with many lots attracting fierce competition. A three bed end terrace in Northolt, Middlesex, had 29 registered bidders. Starting at a guide price of £500,000, it finally sold at almost double, for £926,000.
Auction House London Co-director, Jamie Royston said, “The auction
Bond Wolfe Auctions has achieved the most successful result in its history with total sales of over £21.2 million at its latest auction this week.
The company sold 185 lots from the 201 offered on Wednesday 28 October, which represented an impressive success rate of 92%.
Its previous record was set at its auction in February this year, which achieved total sales of just over £20.25 million.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “This top sales figure of over £21.2 million and our 92% success rate just shows how the demand for well-priced property continues to
SDL Auctions’ first two-day national property auction has been hailed a success after 200+ properties went under the hammer, bringing the total raised for sellers during October to £20 million.
And it was a win for buyers, too, who don’t have to worry about rushing to complete their purchases before the stamp duty holiday ends. Thanks to the speed and efficiency of a property auction, most buyers will be taking possession of their new properties before the end of November.
Day one of the national property auction was an eight-hour bumper sale of residential lots, while
Sutton Kersh held their penultimate auction of the year on 22nd October, generating sales worth over £9 million.
The Sutton Kersh team sold just over £4.2 million worth of property prior to auction and a further £5 million on the day. The value of sales for the 40 properties that were sold prior was a record for the team.
The auction itself had over 350 people registered to bid and was again watched by hundreds of people throughout the country. Terraced properties in Liverpool were in high demand at this auction with the majority selling for over their guide price.
Bidding was strong
Bond Wolfe Auctions, launched in January 2019, has been named Newcomer of the Year 2020 in a prestigious Midlands business awards ceremony.
In a virtual event streamed online, Bond Wolfe Auctions beat off competition from some of the region’s most exciting new ventures, to be singled out by the judging panel of TheBusinessDesk.com.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “It has been an extraordinary 21 months for all of us.
“We launched with a small but highly experienced team and we were delighted when so many of our old friends and contacts in the auction