The UK’s number one property auctioneer Auction House – which has a branch in Hampshire – has offered more lots so far this year than any other year up to August in the group’s ten-year history.

The multi-award winning auctioneer has offered a massive 2,533 auction lots so far this year (up from 2,480 in 2016) at 125 sales around the country, with a healthy success rate of 74.9%.

Commenting on the encouraging picture, Auctioneer Steve Sprake said: “These figures prove that auction properties are still in great demand and the appeal of auctions as the quickest method of sale is strengthening. Auctions have been less affected by the recent downturn than other sectors because they involve a faster process and their pricing better reflects market conditions.

“Whilst we have seen success rates drop slightly over the summer months as sentiment has declined, we still sold 361 lots in July alone, which takes our total number of sales this year up to 1,897. No other property auctioneer in the country can even approach these sorts of figures.”

Auction House has also noticed an increased number of former churches and chapels entered into its auctions, many of them with planning already in place. There have been ten across the UK so far this year – in Wales, Essex, Hampshire, Bedfordshire, and Cumbria, guided at prices from £15,000 to £200,000. Another three are coming under the hammer next month in Devon and West Yorkshire – including St Paul’s Church overlooking the town of Denholme on 6 September, being offered at a guide of £80,000 to £90,000.

St Pauls Church, Denholme, Bradford, West Yorkshire - extPress relase Photo 2

Steve Sprake added: “The range of properties on our books is growing ever wider and the categories of buyers and sellers are diversifying too.

“Certainly we’re seeing more private sellers coming to us, attracted by the certainty of the auction process in a climate where chain transactions are the cause of so many problems and delays. This also means that many more ready buyers – including first timers – are now purchasing at auction using mortgages or specialist finance, and often buying for owner occupation.

“With this in mind, we expect activity levels to rise again from the autumn.”

Once again there is a varied selection of lots available for our 5th auction of 2017.
Whilst it is not unusual to have a parking space to offer, something in the heart of Winchester is a
rarity indeed. There is a freehold site in Portsmouth with ground rent investments and development
opportunities, plus a substantial vacant commercial premises in Fareham town centre.
Two of the larger houses have been let on a multiple occupancy basis which provides a good return and
the three semis in the Southampton area all guided at £180,000 are suitable for home or investment.
The flat on the Isle of Wight is nicely presented and comes with a long lease. Easy living and a perfect
home for the family is the detached house in Bartlett Close. If you fancy something to do up then the
older style semi in Barnham which is close to the station is worth a look as there is plenty of scope
to extend.
There are two superb detached houses both on large plots and in semi rural settings. One is an unfinished project whilst the other is in need of updating.
Our August catalogue is also available from our website and please let us know in advance of the auction if there is anything that you would like to view and I hope to see you on Wednesday 30th August.
Steve Sprake FNAEA, Auctioneer