Edward Mellor September Auction Results

The auction room at the AJ Bell Stadium was a little quieter than usual which was to be expected in the final few weeks of summer.

Featuring over 60 residential and commercial properties from across the North West, Edward Mellor's line-up attracted the attention of developers, investors and homebuyers.

It was clear every buyer in the room had their eye on a particular property, which led to some incredible sale prices last month.

Reddish Lane in Gorton was the first lot to go under the hammer. This property is a fantastic buy-to-let investment which is currently pulling in a rental income of £450. It was anticipated there would be a high level of interest on this house – and after 40 viewings, the vendor had received multiple offers pre-auction.

Reddish Lane kicked-off the auction with a guide price of £65,000. After some close bidding, the property finally sold for £96,000!

The next property that received a lot of attention was Stanage Avenue in Blackley - 22 viewers through the door in the first few weeks proved just how popular it was. In fact, the owner almost considered a pre-auction deal at £85,000 which was quite a jump from its guide price of £70,000.

Despite the pre-auction offers we took the property to auction and it sold for £102,000.

The Millstone in Blackley was one of the first commercial properties to be offered. It attracted 39 viewings in a three week period, so the Edward Mellor team knew it was going to be one to watch on the day.

With a guide price at £75,000 and after some competitive bidding, the hammer fell on a sale price of £152,000.

It’s not just buildings that have been achieving incredible sale prices.

Land has also been selling really well too.

A freehold parcel of land in Culcheth that went under the gavel without any reserve. Although the vendor only wanted a quick sale, they got more than they ever expected when the land sold for £4,100!

EDWARD MELLOR'S next auction will be held at the AJ Bell Stadium on the 31st of October.