With Halloween just around the corner, there was nothing but treats at our October property auction!
The team was in full spirit, donning some fancy dress and handing out sweets to everyone who attended.
STOP – it’s almost hammer time! 🏠🔨
Our #auction team are getting into the spooky spirit with some Halloween attire ahead Thursday! 👻
Can’t make it to the Sheridan Suite? We’ll be streaming our auction LIVE on Facebook from 1pm. 📸 pic.twitter.com/u8gGo4iR84
— Edward Mellor (@edwardmellor) October 29, 2019
With over 80 cracking residential and commercial properties from across the North, we anticipated a buzz amongst bidders at our autumn sale.
There was something for everyone, including homes you could get your hands on for under £50k and perfect improvement projects for savvy property investors.
Did you miss our October auction? Don’t worry! You can catch up on all of the action from Tuesday’s property auction by clicking here.
We have a few fantastic properties for sale post-auction, so make sure you take a look. You could bag yourself a bargain!
Let’s take a second to look at a few residential and commercial properties that stole the show at our October sale.
Let’s start with Lot 5, a two-bedroom terraced property in Fallowfield.
This property is in need of modernisation but is located in an extremely popular area close to Fallowfield Centre, so we knew it would attract interest.
The client had previously listed their property with a different agent who had agreed a sale at £93,000, however, approached us for a second opinion.
After viewing the property, we advised them it was worth much more!
Once we’d had a good conversation with our client, we decided to advertise the property at a guide price of £110,000.
After some pretty competitive bidding, the hammer finally fell on a sale price of £143,000. That’s a whopping £50,000 more than the previous agent had valued!
The next lot we’d like to talk about is number 18, a two-bedroom garden fronted house in Oldham.
We sold a property for this client in our September auction and he was really happy with the result. He approached us about this one as it was on the market with a local agent at £69,950 and not getting any interest.
After a few conversations with our client, we decided to market the property at a guide price of £48,000. We received three offers very quickly, so we knew it would be a popular one.
We conducted 19 viewings of the property and when it went to auction, it sold for £69,000 – just £950 below the open market asking price!
Next, we’d like to talk about lot 20, a 3-bedroom semi-detached property in Wythenshawe.
After seeing that a rival auctioneer had recently sold a property literally just round the corner for £122,000, we anticipated that we should achieve somewhere upwards of £110,000.
So after a good conversation with our client we set the guide price at a very attractive £98,000.
As the property is rented out, we kept the disruption to the tenant at a minimum and showed 10 prospective buyers around in one appointment.
This evidently achieved the desired result of creating the auction environment early as we sold it for £136,000; some £14,000 more than our competitor!
Finally, we’d like to talk about lot 53, a former retail premises in Hyde.
This commercial property had been on the market with a succession of residential agents since 2017, however had received very little interest.
The owner simply wanted to sell in order to retire. We realised the vendor was missing out on decent floorplans, a 360 virtual tour and sound, honest advice.
The property came with planning permission for conversion to two dwellings, we understood the costs, the resale values and were able to guide the owner properly.
We have been on this journey with them, every step of the way. And when we finally offered this property at auction, it sold for £100,000.
Two years of stress relieved in three minutes of bidding.
December Auction Catalogue