We enjoyed considerable success with our two day September sale which took place in London and Birmingham.
With lots covering the length and breadth of the UK a success rate of 83% was achieved with a total of £6.7 million being raised from the sales.
The highlight of the London sale was a lot in Chelmsford being sold on behalf of a Housing Association with a guide price of £179,000. The property had attracted an offer of £255,000 prior to auction but, acting on the auctioneer’s advice, the seller took the property to the room where a figure of £270,000 was achieved when the gavel fell.
A similar, but even more impressive sale, took place at the Birmingham day when a lot in Selly Oak which was guide priced at between £95,000 and £100,000 sold at £280,000. Again, there had been an offer prior to the auction at £180,000 but, acting on the auctioneer’s advice a much superior result was achieved by taking the property to the room.
The Birmingham property is located in an area prime for student letting and was sold to a buyer with other property interests locally.
Toby Limbrick, Managing Director of Network Auctions said: “These particular sales demonstrate the advantage that auction can have over a normal private treaty sale and the huge added value an auctioneer can provide in advising on maximising value.”
We are also delighted to announce that two new partner agents have joined our ranks. Diamond Moves from Hounslow and Haarer and Motts based in Torquay.
We are now looking to accept lots for inclusion in our remaining sales of the year in October and December. Both of these sales will also be two day events with days in London and Birmingham. These will be the last opportunities to sell by auction in 2015 and potential sellers are advised to contact us without delay to ensure that properties can be included.