Monthly Archives: January 2018

Although we strongly advise prospective buyers to attend the auction, we realize that not everyone can always make our auction date. However, all is not lost as it is possible to bid on properties that you may be interested in without having to be in the room on the day. Please note that there are three options available to you, which I will explain below:

Proxy or Telephone Bids

We offer the facility to bid by either a proxy or telephone bid. I will firstly explain both methods:

Proxy Bid

A Proxy Bid means that you would have given the Auctioneer consent to bid on your behalf up to an agreed maximum, without having to be in the room.

Telephone Bid

A Telephone Bid provides you with the facility to participate in the auction remotely (on the end of a phone), allowing you make your own bid, without having to be physically in the auction room on the day.

How Can I Make a Proxy or Telephone Bid?

In order to make a Proxy or Telephone Bid you will need to complete our registration documentation, which consists of 2 documents which can be obtained by clicking on the link below

http://www.pearsonsauctions.com/ProxyandTelephoneBiddingForms

It is also a requirement to provide the Auction Department, (three days prior to the auction taking place) with two cheques and identification for the purpose of money laundering. This is to enable us to take the payments of the 10% deposit and Buyers fee of £510 including VAT, for the exchange of contracts on auction day.

A list of money laundering Identification requirements can be found on our Pearson’s Auctions website by clicking on the link below:

http://www.pearsonsauctions.com/NoticetoBuyers

Point 8 will explain what forms of identification is required for the purpose of money laundering.

Third Party Bidding

This is when it is possible to arrange for another person to bid on your behalf. In order to do this written authorization would be required from the buyer, along with their proof of Identification and your proof of identification. Should you be looking to send somebody else along to the Auction to act on your behalf, please make sure that it is somebody that you trust and agree figures before bids are submitted.

We strongly advise potential buyers to check that the property is still available prior to the Auction and that there have not been any changes to the Lot, which would be highlighted on the Final Addendum document, which is published prior to the Auction.

Thank you for reading our blog and should you need any assistance please do not hesitate to call us on 02380 474274.


Award-winning property auctioneer Auction House, which has a branch in Hampshire, has maintained its number one ranking in the industry, successfully selling 3,485 lots last year – a figure which is up 4% on 2016 and over 1,250 (1,269) more than its nearest rival.

It’s the fourth year in a row that the group has passed the annual 3,000-lots sold milestone, offering 4,647 lots in 2017 with a 75% success rate, and raising over £440million (£443,969,384).

Responding to the figures, Auctioneer Steve Sprake said:  “2017 turned out to be another brilliant year at Auction House. Yet again, we sold a record number of auction lots and extended our lead over other auctioneers in the process. Evidence from our salerooms continues to demonstrate to sellers that better prices are achieved in region, and that most buyers prefer to buy locally.”

In addition to welcoming the increased sales for the group, Steve Sprake said that there was evidence sale by auction was becoming more mainstream across most areas of the country.

He explained: “Our own results show that more of the ideal stock is now coming to auction, rather than being incorrectly offered by private treaty. The challenging housing market has also favoured auction, with the speed and certainty that it offers being chosen by more and more urgent sellers.

Looking ahead to the coming twelve months, Steve said that 2018 is a year of huge opportunities for the auction sector. He added: “Disruption looks set to continue in the estate agency arena, and the buy-to-let market still needs to rebalance itself.

“Our sales of commercial lots have improved and we hope to attract more first time buyers to purchase for their own occupation; they have a significant price advantage over investors, and with their confidence building we see positive benefits from their involvement.

“I also see a need for service standards to be raised, property details to improve, and more transparency introduced as the buyer mix changes. As more private purchasers attend salerooms, processes need to be simple and straightforward, and more appropriate to a retail business rather than only playing to the trade. After all, if the popularity of auctions is growing, the commitment by those involved to simplify the process should proceed in parallel.”

STEVE SPRAKE (3)


For Sale by auction on Wednesday 7th February 2018 at the Hilton Hotel, Ageas Bowl, Botley Road, West End, Southampton, SO30 3XH.

Lot 5 - 68a Hillside Avenue Floorplan Lot 5 - 68a Hillside Avenue Front

Guide Price £199,950 + fees* Freehold

The three bedroom, detached bungalow is located within the sought after location of Bitterne Park. In addition to the spacious bedrooms, this property comprises of: Lounge, kitchen, entrance hall, three piece bathroom and benefits from a good sized rear garden. This property will require some modernisation, has a versatile layout and will appeal to a range of buyers. Call now to organise your viewing appointment!

Viewing days have been arranged and our strictly by appointment only so please call our Field Palmer Bitterne branch on 02380 422600 who are conducting viewings on our behalf.

Please find further information on our website

http://www.pearsonsauctions.com/detailsbitternepark


For Sale by auction on Wednesday 7th February 2018 at the Hilton Hotel, Ageas Bowl, Botley Road, West End, Southampton, SO30 3XH.

Lot 8 - 176 Funtley Road Front Lot 8 - 176 Funtley Road Floor plan

Price Guide £175,000 – £195,000 + fees* Freehold

A superb opportunity to acquire this two/three bedroom end of terrace cottage positioned in a non-estate location within the village of Funtley. The property is being sold with a tenant in situ (tenancy agreement expires in May 2018).

The internal accommodation, which is in need of modernisation and is ideal for an extension (subject to the necessary planning permissions being granted), comprises: entrance hall, WC, bathroom, kitchen, dining room, sitting room and to the first floor, there are two bedrooms with the third bedroom accessed off bedroom two. The property sits on a generous plot to the side and rear plus driveway parking to the front.

Viewing days have been arranged and our strictly by appointment only so please call our Fareham branch who are conducting viewings on our behalf on 01329 288241 to book.

Please find further information on our website

http://www.pearsonsauctions.com/detailsfuntley


Can I firstly take this opportunity to wish you every happiness for the new year and I hope to see you at our first auction of 2018.

Once again there is something on offer for all tastes, starting at the lower end of the price with a large two bedroom flat in Southampton or three and a half acres of pasture land in Denmead with planning permission for stables.

If it is a property in need of work that appeals then there is the option of a cottage with a big garden just north of Fareham or a detached three bedroom bungalow within Bitterne, both guided under £200,000. For something a little larger then what about a Victorian House in Southsea, presently arranged as two flats and close to the seafront?

There is also a substantial detached residence with commercial usage on the north side of Portsmouth plus a modern maisonette in Titchfield and a big detached chalet bungalow in Horndean that ticks all the boxes.

On the extremes of our area we are able to offer a lovely family home or ready to let investment in the village of Overton, which nestles between Andover and Basingstoke.

All 9 lots are currently still available at the time of going to print and viewing days are well underway, so if there is anything which you feel could be suitable then please register your intent to view without delay.

Steve Sprake – Auctioneer


For Sale by auction on Wednesday 7th February 2018 at the Hilton Hotel, Ageas Bowl, Botley Road, West End, Southampton, SO30 3XH.

Lot 9 - 31 Lindley Avenue Floorplan Lot 9 - 31 Lindley Avenue Front

Price Guide £225,000 – £250,000 + fees* Freehold

This mid-terraced house, currently split into two flats is in need of extensive refurbishment throughout but offers generous, versatile accommodation in a popular Southsea location and would make a perfect acquisition for an investor or a family looking for a project. The property has plenty of scope to add value and would make a fantastic project.

The downstairs accommodation currently comprises; a communal entrance lobby with to two private front doors, a hallway, three reception rooms of which one is currently used as a bedroom, a kitchen and a bathroom. Upstairs, in its original state, there would be three bedrooms and a bathroom but after being converted, it now offers a double bedroom, living room, bathroom and a kitchen.

Externally, there is a spacious garden laid with patio slabs and boasts rear access and a brick built shed.

Viewing days have been arrange so please call our Southsea branch who are conducting viewings on our behalf on 02392 297878 to book.

Please find further information on our website

www.pearsonsauctions.com/Lindleyinformation


For Sale by auction on Wednesday 7th February 2018 at the Hilton Hotel, Ageas Bowl, Botley Road, West End, Southampton, SO30 3XH.

Lot 1 - Flat 4 Arnold House Floor plan Lot 1 - Flat 4 Arnold House Front

Guide Price £125,000 + fees* Freehold

A first floor apartment located within close proximity to Portswood High Street and Southampton University. The property comprises lounge, kitchen/diner, two double bedrooms and shower room. Further benefits include, double glazing, gas central heating and modern kitchen.

Viewings are strictly by appointment so please call our Southampton branch who are conducting viewings on our behalf on 02380 233288 to book.

Please find further information on our website

www.pearsonsauctions.com/overtoninformation


For Sale by auction on Wednesday 7th February 2018 at the Hilton Hotel, Ageas Bowl, Botley Road, West End, Southampton, SO30 3XH.

Lot - 6 Farmers Gardens Front Lot - 6 Farmers Gardens Floor plan

Guide Price £350,000 + fees* Freehold

We are delighted to offer this three bedroom semi detached house that has the added benefit of a detached garage, en-suite bathroom and central heating. The property is situated in a small close of six properties, within walking distance of the local amenities. The property is located close to a range of local amenities including shops and restaurants. It is also within easy reach of the A303, A34, M3 and M4 as well as railway services from Overton Railway Station for commuting.

Viewings are strictly by appointment so please call our Andover branch who are conducting viewings on our behalf on 01264 353356 to book.

Please find further information on our website

www.pearsonsauctions.com/overtoninformation


For Sale by auction on Wednesday 7th February 2018 at the Hilton Hotel, Ageas Bowl, Botley Road, West End, Southampton, SO30 3XH.

Lot 11 - Spinnacker Lodge Front Lot 11 - Spinnaker Lodge Floorplan

Guide Price £550,000 + fees* Freehold

A substantial detached property, currently ran as a residential care home with seven bedrooms, the majority of which have ensuite facilities plus common rooms, kitchens, office space and storage.  The versatile building could be appropriate for a range of residential or commercial opportunities subject to relevant planning consents. The main building is a striking period property with two double bays to front with parapet tops and the internal accommodation offers high ceilings and period features including a grand stairway from the entrance hall. A series of single storey extensions at the rear increases the footprint of the building significantly. Gated access to the property provides some off road parking and some outside space is retained at the rear between the extensions.

Viewings are strictly by appointment so please call our Southsea branch who are conducting viewings on our behalf on 02392 735558 to book.

Please find further information on our website


Karien, Karen and Mark from Pearsons Hythe office will be doing a skydive on 11th March 2018 to raise funds for the Alzheimers Society.

Karien’s Mum, who worked for Pearsons alongside the team at Hythe, is sadly suffering with dementia and therefore this makes this charity close to their hearts.

If you would like to sponsor them they have a Justgiving page which you can donate online or drop into the office if you wish to donate in person – 7 & 9 The Marsh, Hythe, Southampton, SO45 6AJ. Tel: 023 8084 4131Hythe_Skydive