Auction House numbers strengthen yet again
27 June 2016
Auction House sales figures in May marked the fifth month in a row of improved fortunes for the group. Its five month results from January are currently 8.8% up on 2015, with 1,250 lots sold at a success rate of 76% and £165 million raised.
Commenting on the figures, Charles Lovell, Head of Auction House Beds & Bucks said: “These results strengthen the case for regional auctions at a time when the residential market is struggling. The combined effect of Stamp Duty changes and reducing tax relief on Buy-to-Let mortgages is coupled with increasing uncertainty of the implications of Brexit. Nevertheless, Auction House had another very successful sales month with 221 lots sold – a 7% increase compared to last year.”
Charles says that recent auctions included examples which illustrate the importance and value of local stock being sold to local buyers through nearby auction rooms. June was also a fantastic auction with 92% of lots sold. Full results listed below:
| Lot number |
Address |
Guide Price |
Status |
| 1 |
11 Walnut Close, Newport Pagnell MK16 8JH |
£130,000 |
Sold for £222,000 |
| 2 |
Plot adjacent to Reindeer House, Westbury NN13 5JW |
£130,000 |
Sold for £154,000 |
| 3 |
College Ponds, Back Land, Sand Lane, Northill SG18 9AD |
£70,000 |
Sold for £108,000 |
| 4 |
53A Chaucer Road, Bedford MK40 2AL |
£100,000 |
Withdrawn Prior to Auction |
| 5 |
Land opposite 52 Bury Road, Shillington SG5 3NY |
£40,000 |
Sold for £54,000 |
| 6 |
Hill Top Stables, Turweston NN13 5JB |
£230,000 |
Sold for £266,000 |
| 7 |
Land at Church Gate, Water Stratford MK18 5DX |
£35,000 |
Withdrawn Prior to Auction |
| 8 |
39 Conduit Road, Bedford MK40 1EQ |
£275,000 |
Sold for £380,000 |
| 9 |
Plot 3, The Braid, Astrope Lane, Long Marston HP23 4QT |
£35,000 |
Sold for £50,000 |
| 10 |
Plot 2, The Braid, Astrope Lane, Long Marston HP23 4QT |
£55,000 |
Sold for £51,000 |
| 11 |
1 Ermine Street, Huntingdon PE29 3EX |
£250,000 |
Unsold, the last bid was £230,000 |
| 12 |
71 Newnham Avenue, Bedford MK41 9QG |
£135,000 |
Sold for £176,000 |
| 13 |
Corbetts Hill Farm, Taylors Ride, Leighton Buzzard LU7 3JN |
£1,000,000 |
Sold Prior for £1,250,000. |
| 14 |
39 Bowhill, Bedford MK41 8EH |
£200,000 |
Sold for £250,000 |
“In the coming months, local portfolios and individual lots in other parts of the country will come to market as investor landlords adjust their future plans, and unpredictable circumstances bring about the sale of unmortgageable properties. Regional auction rooms are without doubt best placed to deliver quality results on such stock.”
To find out additional benefits of selling your property by auction or to enter your property into our August auction, please contact 01234 362899 to book a free, no obligation auction appraisal.
| Unsold, the last bid was £230,000. Please refer to Auctioneer for Reserve. |
| Unsold, the last bid was £230,000. Please refer to Auctioneer for Reserve. |
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