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Property portal Zoopla reported in February that the housing market is off to its strongest start in three years, with 12% more new sales agreed in January 2025 than in January 2024. Further good news for sellers is that prices are also up, with the boost in sales supporting a modest 2% rise.
This sees the average house price now at £267,700, £5,200 more than in 2024, partly due to first-time buyers trying to get on the property ladder before the stamp duty hikes are implemented in April. However, moves to ‘simplify responsible lending’ being put forward as part of the Government’s ‘growth mission’ may see a further jump in prices. Bank of England figures showed 66,526 mortgage deals being given the green light in December, up from 66,061 the previous month.
Are you considering selling your land or property?
Robinson & Hall Auctions may be able to help you. With an auction every other month, you could sell your land or property within 8 weeks. Contact the team to discuss whether your land or property is suitable for auction and they will be able to carry out a no-obligation auction appraisal by visiting the lot and discussing the options with you.
Lots which have sold particularly well at our auctions are small parcels of land, rental properties, disused buildings, properties with a short lease, properties where value can be added, and farms or houses which require lots of work.
View the latest auction results here.
To book a no-obligation auction appraisal or to find out how the auction department can help you, please contact Charles.
The Old Mission Hall, Middle Weald, Calverton, Milton Keynes
Guide price: £20,000
Sold price: £80,000
Despite the name, this property was in effect a brick shed, less than the size of a double garage, in 0.2 acres in a rural setting between two small hamlets near Stony Stratford. The late owner had bequeathed it to a charity and, keen to know the value of their asset, the charity had instructed a firm of surveyors to provide them with a formal ‘Red Book’ valuation. The valuer noted the setting was classified as ‘open countryside’ which ruled out changing it to a house and also, without close neighbours and alongside a road, it would be very difficult to keep it secure should anything of value be stored inside. His valuation figure was £25,000 and sensibly he recommended that were it to be sold, it would be best to sell by auction.
We saw it as an ideal auction lot, knowing the transparency of the process would instil confidence in buyers. Our advice was to step back slightly from the valuation figure and we offered the lot with a guide price of £20,000 and the reserve was set just higher at £22,000.
As expected, huge interest was generated and whilst we advised that our view echoes the surveyor’s in that the building was in open countryside and therefore unlikely to become a house anytime soon. When asked if there was much interest our response was yes, which was borne out by the final sale figure.
Six weeks after we were formally instructed, we put the hammer down at four times the guide price and over three times the formal valuation figure. We sold, with contracts exchanged on the fall of the gavel, at £80,000!
For more information, or to find out if your land or property is suitable for auction, please contact 01234 362899.