The events room at the Sheridan Suite was packed full of people for our June property auction on Monday.
Our line-up of lots attracted buyers, developers and spectators from across the region, with some arriving as early as 10.30am!
As the queue of people waiting to enter the auction venue grew, we knew our June sale was set to be even bigger than we’d expected.
We had an exceptional line-up of over 80 residential and commercial properties from across the North West.
From landmark commercial lots to terraced homes for under £80k – we had something for everyone.
Not only did our June auction lots attract the attention of the public, but it also piqued the interest of some special people at the BBC.
We were delighted to welcome back the camera crew from BBC1’s ‘Homes under the Hammer’ for the second time this year!
They caught all of the action live on camera for their new series of the show, which we can assure you, will be an interesting watch.
We had some fantastic competitive bidding yesterday which resulted in some staggering sale prices.
To quote our frontman and resident gavel basher, Nick Green “you wouldn’t get a back and forth as good as this at Wimbledon”.
So, keep your eyes peeled for an Edward Mellor ‘Homes under the Hammer’ episode where Auctioneer, Nick Green, will be taking centre stage on your screens.
Did you miss our June auction? There’s no need to wait for the new season of the property programme to catch up with all the action.
You can click here to view the full list of results from Monday’s auction.
We still have a few fantastic properties for sale post-auction, so make sure you take a look. You could bag yourself a bargain!
If you just want to see the highlights from Monday’s sale, here are a handful of properties that stole the limelight at our June auction.
Before we shine a light on our June auction superstars, we asked our auction sales manager, Aaron Wade, what he thought of Monday’s property sale.
“What a fantastic day! It was great to see so many familiar faces and so many new faces coming along and buying with us.”
“There were some incredible lots and some great opportunities bought. It was a clear sign to me that confidence in the market is high!”
“Our next auction day is Wednesday the 24th of July so get it in your diaries!”
Let’s start with lot number 8, a partially constructed detached two-storey house in Mobberley. Now, we knew this property was going to gain a lot of interest from the moment we listed it!
It’s an amazing development opportunity in a highly desirable, rural area. The potential completed resale value on this 5-bedroom home is expected to be in the region of £1,200,000.
These kinds of lots don’t come around very often, so when they do, they tend to raise a few heads.
The initial interest in the property was really high, with 47 viewing conducted shortly after listing.
From the offset, we decided not to accept any pre-auction offers on this lot. We knew there would be more than enough interest in the room and that it would sell for a great price.
We began the bidding at £600,000 and auction paddles shot up immediately. Shortly after, we hit the reserve price of £650,000 which soon reached £700,000.
Our vendors had hoped for a sale price of £700,000 but by the way the bidding was going, we knew they were set to achieve much more.
After a very intense back and forth between two buyers the gavel finally fell on £892,000! That’s a whopping 42% over the guide price.
It’s safe to say our vendors were over the moon with the service they’d received from the team.
Next, we’ll take a few steps back to lot 4, the first commercial property offered on the day.
Lot 4 is a freehold amenity land with loads of potential. It extends to circa 1.3 acres and has a fantastic location in the ever popular Bramhall area.
There was no doubt this lot was unique and with an estimated value of £10,000 to £15,000, we knew this land would do well at auction.
As the clients wanted a hassle-free and definite sale to get closure on family matters, we decided to auction the land with NO RESERVE PRICE.
Regardless of the estimated value, this land could have gone for as little as £1!
Although this was a possibility, we used our large database of buyers and refined marketing to drum up a lot of interest prior to the auction.
On auction day, this piece of land sold for a fantastic price of £40,000!
Not only did our vendors get that speedy and definite sale but they also received way more money than they could have ever expected.
The next lot we’d like to talk about is number 55, a tenanted apartment in Salford.
This sixth-floor apartment sits on the very fringes of the city centre, so even if it wasn’t tenanted it would still make an amazing buy-to-let investment.
We knew this lot would appeal to all types of investors, especially those looking to join Manchester’s booming buy-to-let scene.
With a current income of nearly £600 per month, you can see why this apartment piqued the interest of our property investors.
Lot 55 had 11 viewings and an offer just a few weeks after marketing the property at a guide price of £62,000.
Despite the pre-auction bid, we decided to offer this property at our June auction.
After some competitive bidding, the hammer finally fell on a sale price of £82,000 – that’s 32% over guide price!
Last but not least we’d like to talk about lot 64, a former Methodist church in Denton.
This property has loads of potential for alternative uses subject to planning. From a children’s nursery to a large family home – it only takes a little bit of vision to make these premises something special.
Although the property did come with a few difficulties in terms of development, we had buyers who were keen to get their hands on this lot.
We received a few offers prior to our auction, but we advised our vendor to take the property to auction.
The bidding on lot 64 began at £145,000 in the auction room and quickly began to rise. Finally, the hammer fell on a fantastic sale price of £160,000.