All our bidders were ready and tuned in to watch this month’s 2nd online Auction with Edward Mellor, and again it was a great success for the business.
Commencing at 12 pm Wednesday 25th November and lasting nearly four hours, 84 lots of residential, land development opportunities, and commercial properties went under the virtual hammer. A record number of 403 people registered to bid via the internet and proxy which is just 14 people off our highest number of people in attendance online. 58% of our auction was sold, raising £5,145,755.
There are still some remaining properties from the auction which are actively being negotiated so if something has caught your eye, please do get in touch as soon as possible. You can view the full auction results here.
‘Despite entering a second national lockdown, the reaction to our first online property auction of the month has been fantastic. Although, there are challenging times for many we’re really keen to carry on as normal, as long as it’s safe to do so.
There is clearly still an appetite for purchasing properties at auction with demand currently outweighing supply. If you’re on the fence about selling or buying at auction, it honestly has never been a better time so get in touch with the team on 0161 443 4740 while confidence is still high’.
We still have a few fantastic properties for sale post-auction, so make sure you take a look. You could grab yourself a bargain!
Let’s take a second look at a few residential and commercial properties that stole the show at our first sale of the month.
This property is in a popular part of Rochdale and has been a rental property for our client but has now started to downsize his portfolio of property and release equity. The guide price was set at £58,000 and a virtual viewing was available which created over 30 requests for attended viewing and an amazing 8 pre-auction offers. Our team was confident that it would achieve at least £70,000 but went on to sell for £88,000. Here’s what our client had to say: ‘Excellent Louise! That was really exciting, thanks for your help. Til the next time!!’
Our client’s property was a deceased estate and had had other agents’ value far lower than we suggested. We felt there was an angle to build on the land that the house came with.
We guided carefully at £195,000 and the property received 29 bids and sold for £217,500 11% over the guide and almost 25% over other recommended private treaty prices. A great result!
A five-star review has been received from the seller ‘Selling through the auction was a dream and we achieved more than was valued by 2 other estate agents via the normal process. Nick was knowledgeable, helpful, and reassuring as he answered our many questions. Adam was also great and kept us in the loop with viewings (which were handled without our involvement). I wouldn’t hesitate to recommend the auction process via Edward Mellor’.
This 3-bed end-terrace property presented an excellent investment opportunity for any budding buy-to-let investors.
Situated on the border of South Chadderton in what has proved to be a consistently popular and sought after area, the property attracted enormous interest with 30 viewings carried out prior to auction day.
Being sold vacant on completion but previously let at £825pcm, the property guided at £108,000. Bidding began at the reserve and quickly concluded at £154,500 after 42 bids from eight competitive bidders.
Who wouldn’t love a recently renovated 3-bed semi-detached property situated in Droylsden?
Coming to the market with tenants in place, this home is ideally located for first-time buyers as well as buy-to-let investors.
The property guided at an attractive price of £100,000 which helped generate quite a lot of interest. After some competitive bidding which saw 23 bids from two very motivated purchasers, the hammer eventually fell on a sale price of £120,000.
This is what our vendor had to say – “Absolutely delighted with the sale price, thanks very much for all the hard work.”
— EdwardMellorAuction (@MellorAuction) June 22, 2017
The success of our online auction just goes to show that despite these unpredictable times, life goes on and the process of buying and selling property is still something that can be achieved.
If you’d like to find out more about selling your property at auction or would like help registering for our next November auction, please contact our team on 0161 443 4740 or email [email protected].