Record sales prove canny buyers are still out there, says Auction House
Auction House says that its latest record sales figures prove that buyers are still snapping up UK property, as long as it is correctly priced.
Between January and July, the group sold 2,644 properties – more than ever before at this stage in the year – a number which is up more than a fifth (21%) from 2022, with money raised so far up over £25m from last year’s £332,658,762 to £357,943,654.
Jeremy Prior, Auction House Managing Director said: “These latest statistics prove what we have always said: that properly-priced
Bidding wars at Clive Emson Auctioneers’ July sales
SOLD: This former service station and care sales site, on the main road between Dover and Deal in Kent, sold for £500,000 in the July auction of Clive Emson Auctioneers, with 153 lots listed across southern England.
Clive Emson Auctioneers raised £20m in its July sale of 153 residential, commercial and land lots across southern England.
Managing Director James Emson said: “As always, bidders had a good eye for value and potential returns on investment – they look for long-term capital growth and decent rental
Biggest ever catalogue and more bidders for Auction House London as it rides out the market storm
Auction House London sales remain buoyant again this month with many more buyers registering to bid at its recent sale, despite market caution with rising interest rates.
This month's 12 hour-long marathon sale for Auction House London also proved challenging in another way last week (Wed 2 August 2023), when the livestream internet connection went down. But despite this, auctioneers successfully powered through the day, selling 157 lots out of 193 offered (an 82% success rate), raising more
Clive Emson Auction 26th July: Ashford garages go under gavel
A compound of nine lock-up garages and nineteen parking spaces in Ashford was among 153 lots in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers which finished on Wednesday, July 26.
Bockhanger Garages, Block H, situated in Bybrook Road, Kennington, sold for £90,000 freehold.
Situated between numbers 92 and 94 Bybrook Road in the popular district of Kennington, on the western side of Ashford, this compound of nine lock-up garages and nineteen parking spaces
Devon Manor house in demand at auction
A Victorian manor house on the outskirts of Torquay, Devon, soared past its freehold guide price to sell for £679,000 at auction.
Richmond Manor, at 25 Ash Hill Road, was among the lots in the fifth sale of 2023 by regional land and property auctioneers Clive Emson.
It was listed with a freehold guide of £550,00 to £600,000 but fierce bidding took it well above that figure when the gavel fell.
Senior auction appraiser Audrey Smith said: “Bidders were clearly attracted by the rare opportunity to acquire a stunning late Victorian manor house in a quiet
A children’s nursery in Ely was among the investments that sold at the Acuitus July commercial property auction which raised £22.97m from the sale of 88% of the lots offered.
The freehold of the Bright Horizons Nursery sold for £1.57m at a yield of 6.6%. The lease was renewed earlier this year for 15-years’ term at a current annual rent of £110,000 with five-yearly RPI-linked rent reviews.
Charlie Powter of Acuitus comments: “The UK’s private childcare sector continues to grow and investors are attracted by the long-term income that it can offer and, as in the case of this investment
Nursery in Cornwall goes at auction
A former children’s nursery in Bodmin, Cornwall, and a bungalow near Launceston have both sold well at auction.
The Townend Nursery and surrounding land in Victoria Square fetched £75,000 in the fifth sale of 2023 by the regional land and property auctioneers Clive Emson.
Senior auction appraiser David Henwood said: “This detached property easily hit the mid-range of its freehold guide price.
“It offers numerous development opportunities for the new owner, including conversion or extension of the existing building whether for residential use or for some
Auction House London is continuing to perform well in the auction room despite pressure on buyers facing rising interest rates.
At its recent sale (Wednesday 28 June 2023) 83% of the 193 lots offered were sold, raising more than £25m (£25,255,500).
Auctioneer and Director of Auction House London, Andrew Binstock said, “As expected, with increasing interest rates we had about half the number of bidders taking part compared to our previous auction. There’s a lot of caution in the market at the moment but serious buyers are taking on property and yet again we sold more Lots at above £1m this
The UK’s largest property auctioneer, Auction House, is reporting a record second quarter in 2023.
Q2 sales have risen from 988 in 2022 to 1,225 this year (an increase of 24%) and money raised is up from £155,322,545 to £171,864,939 (a rise of over 10%).
Year-to-date sales for Auction House are impressive too, showing a 22% increase (2,305 this year compared to 1,887 properties in 2022) and over £28 million more raised in 2023 than for the same period last year (£319,997,799 up from £291,884,492).
Auction House Managing Director Jeremy Prior said: “What’s remarkable about these
Rare opportunity for Devon manor house
A Victorian manor house on the outskirts of Torquay is going under the auctioneer’s gavel with a freehold guide price of £550,00 to £600,000.
Richmond Manor, at 25 Ash Hill Road, retains many of its original features, including two staircases, a vaulted octagonal rooflight, cellar and feature doorway with an inscribed wooden crest.
It is arranged as nine studio, one-bedroom apartments and owner’s accommodation with three bedrooms.
Richmond Manor also has a coach house, gym, sizeable gardens and sea views. It is among the lots in the fifth sale of 2023