Auction House sees biggest ever catalogue go under the hammer

Auction House sees biggest ever catalogue go under the hammer


Todays other news
There are some locations offering incentives to British investor buyers...
The market is strong ahead of the April stamp duty...
The PBSA analysis has been undertaken by Knight Frank...
The analysis has been done by Bond Wolfe...


Auction House London’s biggest catalogue in its history went under the hammer at its latest auction, which raised more than £15 million.

The auction – which took place on September 12 – sold 116 lots out of 152, achieving a success rate of 73%.

There was particular interest for a seriously fire-damaged property in Harlesden, London. The three-bedroom Victorian mid-terrace house in Tubbs Road, which also had structural problems, sold for £570,000, more than double its guide price of £275,000.

Andrew Binstock, director and auctioneer at Auction House London, said: “These are very challenging times and there is a good appetite for well-priced property. Buyers are demanding value for money and the key to success is setting a guide price which will attract interest.”

Another highlight of the sale included a flat in Streatham at Raebarn Court, Gracefield Gardens, which is currently occupied with no rent being paid. The fifth floor, two-bedroom flat was sold for £145,000 from a starting guide price of £60,000.

The second flat which attracted a lot of attention was a two-bedroom first floor apartment in Marylebone. With just seven years left on the 48-year long lease, the hammer came down at £200,000 from a guide price of £150,000.

Binstock added: “High guide prices are failing to capture the imagination of prospective buyers and it’s the keenly priced properties which are generating the most interest – something which was certainly true for this auction.”

Auction House London’s next sale will be on Thursday 25 October 2018 at the London Marriott Regents Park, 128 King Henry’s Road, NW3 3ST at 12 noon.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The analysis has been done by Bond Wolfe...
The 12 month figure is the lowest seen in Scotland...
This is another element of the government ambition to build...
The agent earned his stripes working for the respected Stacks...
Spain’s draconian new tax is already spooking British investors...
The Budget has forced a revision of forecasts for the...
Prices and sales volumes will grow in 2025 despite the...
Recommended for you
Latest Features
There are some locations offering incentives to British investor buyers...
The market is strong ahead of the April stamp duty...
The PBSA analysis has been undertaken by Knight Frank...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here