September can be a pretty quiet month in the property calendar.
The kids have gone back to school and some try and squeeze in a last-minute holiday, which can lead to a smaller auction turnout.
However, our September property sale was far from quiet. The events room at the Sheridan Suite was bursting at the seams with a sea of auction-goers.
With almost 100 properties set to go under the gavel at our latest property auction, our September sale was our biggest line-up of lots this year.
Featuring 96 fantastic residential and commercial properties from across the North, we anticipated a good turnout.
We had a diverse range of lots, from a charming village pub to homes you could get your hands on for under £55k.
Our line-up of lots attracted buyers and developers from across the region – including a few special guests from the BBC.
We were super excited to welcome back the camera crew from BBC1’s ‘Homes under the Hammer’ for a FOURTH time this year.
They’ve caught our last four property auctions on camera, including all the action from our September sale.
It’s nearly show time folks! 🤩🏠🔨
The homes under the hammer crew are all set up, registration for buyers is well under way and there are 20 minutes to go until our September #auction.
— Edward Mellor (@edwardmellor) September 17, 2019
Expect snippets of nail-biting bidding, incredible sale prices and witty commentary from our frontman and resident auctioneer, Nick Green.
Keep your eyes peeled for another Edward Mellor ‘Homes under the Hammer’ episode where our auction team will be taking centre stage on your screens.
Did you miss our September 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 Tuesday’s property auction.
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 limelight at our September sale.
Before we take a look at our September auction superstars, we asked our head of auction, Aaron Wade, what he thought of Tuesday’s property sale.
“What an incredible turn out Tuesday was and again another superb auction day!
We have to go back to September 2012 to see listed lots at that level!
It was also great to see so many people taking advantage of the full range of property professionals we have on-site to offer their free advice.
From property management to insurance, to finance… it’s all there to help!
Thanks to all that contributed and I look forward to seeing you on the 29th of October!”
Let’s start at the beginning with Lot 1, a three-bedroom semi-detached property in Urmston.
This property has serious structural issues, so we knew this would be one of our more challenging lots. But we do love a challenge here at auction!
Although the property came with a few problems, it’s located in an extremely desirable location, so we knew it would attract interest.
Our client expected to achieve between £150,000 and £160,000 at auction, but we knew we’d be able to exceed their expectations.
Once we’d had a good conversation with our client about marketing, we decided to advertise the property at a guide price of £140,000.
After 75 viewings and some pretty competitive bidding, the hammer finally fell on a sale price of £206,000. That’s a whopping £55,000 over the reserve price!
The next lot we’d like to talk about is number 10, a two-bedroom apartment in Macclesfield. This was the penultimate flat in our client’s portfolio to be sold.
The development in which the apartment located is incredibly interesting! It’s steeped in history and looks like it could belong on the set of a Harry Potter film.
Before we began marketing the property, we did our research and looked at the comparables for this apartment.
We found that another apartment within the development had previously sold with a local agent for £85,000.
After a good bit of research and a few conversations with our client, we decided to market the property at a guide price of £60,000.
We conducted 23 viewings on the apartment and when we finally offered the property at auction it sold for £95,000; some £30,000 over the reserve price!
Next, we’d like to talk about lot 44. This three-bedroom commercial building on New Chorley Road comes with quite a story.
The owners of the property borrowed all the money they could to buy a house to live in when they retired.
They had no further funds to do up their new home and they needed to pay back the money they borrowed for the house too.
To release some of their equity, our client decided to sell their commercial building in Bolton.
The vendor needed to sell their property for a specific amount in order to pay the relative off, which we kept at the front of our mind when marketing the building.
Although we conducted 25 viewings and received 5 pre-auction offers, we decided to send the property to the auction room as we still hadn’t quite achieved what our client needed to.
The bidding started at £82,000 and when the hammer finally fell, the property sold for £90,000!
The property sold £8,000 over the guide price and our vendor was able to pay off their loans.
For us, these happy endings are what makes our job all the more worthwhile. It’s not about the fees, it’s about helping people without compromising on their needs.
Last but certainly not least, we’d like to talk about Lot 90, a former pub in Ashton-Under-Lyne.
Initially, our client had surveyors out to take a look at the property who valued it a lot lower than it was worth.
When we finally spoke to our client about selling their property, we knew we could achieve a much higher price than the estimate given by the surveyors.
We decided to market the price at £150,000, which is a lot higher than the estimate of the surveyor, and conducted 20 viewings.
On Tuesday, the property sold for a fantastic price of £173,000!