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Manors under the Hammer

Three gorgeous period manor homes are set to be sold under the hammer at Network Auctions’ 4th April ballroom sale at The Westbury Mayfair Hotel, London.

BUYING A PROPERTY OF SOMEONE WHO HAS PASSED AWAY

You might think it’s a little ghoulish to buy a property of someone who has recently died, especially if they passed away in the property, but it does have some advantages, as well as a few disadvantages. 

Read our guide to buying a probate property find out what you are getting into and what you might get out of it.

What are the advantages of buying a property from an estate?

Bond Wolfe Auctions debuts with £16.7 million and 90% success rate

Bond Wolfe Auctions, the UK’s newest auction business, raised a staggering £16.7 million in its first auction in Birmingham.

The auction at The Holte Suite, Aston Villa FC, saw 103 lots out of 115 sold in front of a packed auction with standing room only for the majority of the day.

It was the most successful auction in the Midlands’ since May 2018 based on the amount raised and the most successful since December 2017 based on the percentage sold and chief executive Gurpreet Bassi was absolutely delighted with the results.

Sales up yet again at Auction House, despite tough trading conditions

The first round of auctions of the year at property auctioneer Auction House recorded sales of 508 - up nearly 8% (7.9%) from last year, at a success rate of over 74% (74.4%) and raising a total of almost £55.7 million (£55,683,669).

Commenting on the achievement from the first two months of 2019, Auction House Founding Director Roger Lake said: “This should be seen as a buoyant beginning to the year, and a positive signal that the auction method continues to deliver results, despite gloomy predictions and hesitancy across the property market.

Substantial houses in Liverpool are ripe for restoration

Two large homes in Liverpool are due to go under the hammer with SDL Auctions North West in Manchester next month, providing the ideal development opportunity for a property investor.

Both requiring refurbishment, the two three-storey properties have the potential to be transformed into Homes in Multiple Occupation, subject to the relevant permissions and licensing, and ultimately provide a good rental income.

Rock band Iron Maiden sells costume store warehouse through Auction House London

A warehouse used by the iconic rock bank Iron Maiden for a number of years has been sold by Auction House London at its recent sale last month. (Tuesday 12 February 2019).

Who will cast their net for fisherman’s cottage?

Views don’t get much better across The Harbour at Folkestone than those from 11 The Stade, a charming Three bedroom Fisherman’s cottage. It’s a mid terrace property which has a gas heating system via radiators, double glazed windows and oak flooring in the living room.

Rare chance to build three houses on Victorian school site in West Bromwich

A rare chance to build three family homes on a former Victorian school site is coming up at Bond Wolfe Auctions’ first auction on 13 March in Birmingham.

Developers are expected to compete for the residential development opportunity at Earl Street in West Bromwich that was once occupied by the Guns Village Primary School, dating back to 1878.

SELLING A PROPERTY ON BEHALF OF SOMEONE WHO HAS PASSED AWAY

When someone passes away, the focus is usually on the immediate practicalities such as the funeral arrangements.  However, if they owned property, this needs to be dealt with as well.  Buying and selling a property belonging to someone who has passed away isn’t much different from a normal conveyancing transaction, but there are still a few things that the parties need to be aware of and the process can take longer.

What If the deceased owed the property with someone else?

Rising Midlands property prices are boosting auctions success

Midland property investors are defying Brexit pessimism and benefiting from the region experiencing the fastest rising house prices in the UK, an expert at Bond Wolfe Auctions said today.

Gurpreet Bassi, chief executive of Bond Wolfe Auctions, was speaking after new figures from property website Zoopla revealed Birmingham, Leicester and Nottingham were the country’s first, joint second and joint fourth highest regions respectively for price rises since the June 2016 referendum to leave the EU.

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