Category: Auction

Land and Property Professionals

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The short answer is to achieve the best price and to sell quickly.

Small parcels of land always attract buyers with dreams of gaining some sort of planning consent. Whilst some buyers will proceed with a purchase without planning consent, many will want a conditional contract and won’t complete until planning consent is gained. If the planning response is negative, that hopeful type of ‘buyer’ will evaporate but not without wasting money and time for the seller.

To avoid being let down, many sellers consider a private sale to a neighbour. The difficulty here is that other prospective buyers can be excluded from the sale process leaving the seller with people who think all paddock land is only worth ‘agricultural rates’, whatever they believe that to be.

At auction everyone has an equal and fair chance of being the successful buyer. This helps to attract people who are genuinely interested but otherwise would feel their chances of success are slim. It encourages these buyers to bid against each other, often achieving far more than either a private treaty or private sale would do.

Offers can still be made prior to the auction date. If an offer is accepted prior to the auction then the sale can still progress under an auction contract, with contracts exchanged on the acceptance of an offer and the full deposit paid. Once advised of this, those ‘hopeful’ people who wanted to ‘offer’ suddenly don’t, yet the serious buyers will remain engaged, free to bid on the lot to their very maximum, or at least more than any underbidder.

Click here to see examples of land that has sold at auction.

For more information or to book a no obligation auction appraisal, please contact 01234 362899 or email robinsonandhall@auctionhouse.co.uk

Auction House Robinson & Hall, our auction department, has offered 48 lots so far this year and sold 46 of them, a staggering 96%. The lots offered have ranged from studio flats to large family homes and small parcels of land to an entire farm! Those which sell particularly well at auction are land, properties with short leases, properties which require work, disused buildings, straightforward rental properties and land or property where value can be added.

Our last live streamed auction on 17 June saw 10 lots offered and 100% sold. The full results can be found here:

LotAddressResult
132 Wilson Crescent, Irthlingborough, Wellingborough, Northamptonshire, NN9 5PPSold for £168,000
21 Bunyans Mead, Elstow, Bedford, Bedfordshire, MK42 9XYSold for £73,000
3Land R/O 1 Station Road, Newport Pagnell, Buckinghamshire, MK16 0AGSold prior to auction, for an undisclosed amount
4Units 1-3 Hiam Business Centre, Russell Farm, New Road, Maulden, Bedford, Bedfordshire, MK45 2BGWithdrawn prior
5Plot 2, Land at The Hawthorns, Lower Luton Road, Harpenden, Hertfordshire, AL5 5FHSold after auction, for an undisclosed amount
65 Hiam Business Centre, Russell Farm, New Road, Maulden, Bedford, Bedfordshire, MK45 2BGWithdrawn prior
7Land R/O 22 & 22A Western Avenue, Buckingham, Buckinghamshire, MK18 1LNSold prior to auction, for an undisclosed amount
86 Hiam Business Centre, Russell Farm, New Road, Maulden, Bedford, Bedfordshire, MK45 2BGWithdrawn prior
939 Victoria Court, Victoria Road, Slough, Berkshire, SL2 5NFSold for £124,000
104 Hiam Business Centre, Russell Farm, New Road, Maulden, Bedford, Bedfordshire, MK45 2BGWithdrawn prior
11Land at Sandpits, Henham Road, Elsenham, Bishop’s Stortford, Hertfordshire, CM22 6DHWithdrawn prior
12174, 174A, 174B High Town Road, Luton, Bedfordshire, LU2 0DLSold prior to auction, for an undisclosed amount
13Unit 1, Haim Business Centre, New Road, Maulden, Bedford, Bedfordshire, MK45 2BGWithdrawn prior
14Unit 2 Hiam Business Centre, Russell Farm, New Road, Maulden, Bedford, Bedfordshire, MK45 2BGWithdrawn prior
15Unit 3, Haim Business Centre, New Road, Maulden, Bedford, Bedfordshire, MK45 2BGWithdrawn prior
16Land at 61 Southdrift Way, Luton, Bedfordshire, LU1 5PYWithdrawn prior
17Skylark Cottage, Park Road, Stevington, Bedford, Bedfordshire, MK43 7QFSold for £88,000
187 Market Square, Winslow, Buckingham, Buckinghamshire, MK18 3ABWithdrawn prior
1928 Stotfold Road, Arlesey, Bedfordshire, SG15 6XTSold for £275,000
20109 Marlborough Road, Bedford, Bedfordshire, MK40 4LESold for £215,000

Commenting on the figures, Charles Lovell, Head of Auction House Robinson & Hall, said: “A fantastic result! We have seen enthusiastic bidding and an appetite for purchasing property that has continued undiminished, even while the pandemic and restrictions have continued.”

Charles believes property prices are going to continue to hold their own for some time to come, despite rumours that a house price crash is on the horizon.

He explains: “For a house price crash to happen, a mix of certain ingredients has to be in place. For example, during difficult times like these, there would have to be a lack of Government intervention and support. But, as we’ve seen from measures like quantitative easing, extensive furlough and the stamp duty holiday, the Government has already done a considerable amount to prop up the market.”

“There also seems to be no appetite on the part of the Government to pay back the massive debt that has been accrued over the pandemic, which would certainly act as a huge deflationary pressure. So, with all of that taken into account, whilst we may see a cooling off in the market, I honestly think it’s difficult to envisage a house price crash in the near term.”

Charles’s upbeat analysis was echoed by industry analysts and forecasters who took part in Auction House’s recent annual conference, which was held virtually for the very first time via live video stream in early June.

Charles added: “Most importantly, the phenomenal success of Auction House means that there is a plethora of happy vendors out there, successfully selling to lots of interested buyers, with bidding staying keen and prices remaining buoyant. And that’s a situation we expect to continue for some time to come.”

We are now taking lots for our next auction. To find out if your land or property is suitable for auction, please contact 01234 362899 or email robinsonandhall@auctionhouse.co.uk

The Gables, Little Green Lane, Caddington, Luton, Bedfordshire, LU1 4EW

This detached chalet house had extensive cracks throughout and an ongoing subsidence claim. It was originally due to enter our April 2020 auction but due to the pandemic, we offered the property in May instead at £320,000. This guide price was slightly above our recommended level as generally a lower guide price will encourage more interest in the property. Only eight people viewed and the feedback was negative, so we withdrew the property to allow the seller to agree a settlement figure with his insurers. The best offer post withdrawal was £275,000.

Once the seller had agreed a settlement with his insurers at the end of 2020 and been paid, we offered the property in our February 2021 auction, without the benefit of any continuation of insurance. This time it was offered at our recommended guide price of £250,000 and the reaction was totally different. A full viewing schedule saw 32 viewers, a number of pre-auction offers were rejected and the property sold in the auction for £370,000.

For more information, or to find out if your land or property is suitable for auction, please contact 01234 362899 or email robinsonandhall@auctionhouse.co.uk

Our February and April auctions have seen 38 lots offered and 36 sold, an impressive 95%. Our success is shared with fellow franchises – Auction House UK has announced that the first three months of 2021 have been the best ever in the 14-year history of the group.

Charles Lovell, Head of Auction House Robinson & Hall, said: “These are the sorts of figures which will really make our competitors sit up and take notice! Auction House has turned into the F1 of property auctioneers – and the truth is, there’s plenty of mileage left in the tank!”

“This would be a superb set of figures in conventional times but after having to deal with a global pandemic for the past twelve months, they are nothing less than exceptional.”

“A year ago, who would have thought that a business which used to rely on holding room auctions could continue to flourish through three national lockdowns and a ban on people gathering together? It’s incredible to see how our teams have not only adapted to the new way of working, they have positively embraced it, with online auctions instantly gathering momentum and our livestream sales attracting record numbers of registered bidders. Our April auction attracted nearly 500 visitors.”

Our full April results are shown below:

For more information, or to find out if your land or property is suitable for auction, please contact 01234 362899 or email robinsonandhall@auctionhouse.co.uk

A surge in the number of family homes being sold by Auction House has seen its average selling price rocket by 40% year on year across the country, from £103,400 in 2019 to £145,500 now.

Charles Lovell

The group, operating as Auction House Robinson & Hall in this area, has made over £300 million worth of property sales in the year so far, well ahead of any other residential auctioneer. Cumulative sales for 2020 currently stand at 2,300 lots sold from 2,913 offered, at a strong success rate of 79%.

Commenting on the figures, Charles Lovell, Head of Auction House Robinson & Hall, said: “The pandemic has certainly been challenging, however we have adapted and introduced working practices to keep buyers, sellers and ourselves as safe as possible so that not only are we listing more lots, we are also selling more family homes.”

At £63 million, last month’s total value of sales was the highest the group has raised in any September over 12 years of business. During the month, Auction House sold 433 lots from 533 offered, and delivered an impressive success rate of 81.2%.

Charles explained: “Clearly, the auctions market is returning to pre-Covid levels of activity. Remote bidding is now fully accepted as the norm around the country, and buyers have grown in confidence with bidder numbers continuing to rise. Sellers too are again choosing auctions, where the selling prices achieved are regularly well beyond expectations.

Sellers are demonstrating their trust in auctions, and understandably have a growing desire to sell in the current high-demand environment.”

October was one of our largest auctions to date, selling a variety of lots resulting in an impressive success rate of 88%. The full results can be viewed here.

Charles continues “We are entering the colder months, so now is a great time to sell any empty property, and with auctions you will get a quick sale.”

We are now taking lots for our live streamed 3rd December auction at 2.30pm. Deadline to enter a lot is Friday 6th November so don’t delay! Please call 01234 362899 or email robinsonandhall@auctionhouse.co.uk