Erinaceous Auction - London, Manchester, Birmingham ( And 3 At Brook Court, Nottingham! )

[M21er]

Hi

More evidence today of the state of the housing market across the country.

Erinaceous Auction 12pm Start - No registration required

Today's Order of Sale - 48 lots

There are 3 flats ( Lots 41, 42 and 43 ) in today's auction from Brook Court, Nottingham

Lot 41 - Apartment 21, Brook Court, Nottingham Guide Price £55k

21 Brook Court: Last Sold Price £125k August 2006

M21er

[sambino]

Most of the properties I would not go near with a barge poll what part of Notts are those 3 flats in ?

[M21er]

Most of the properties I would not go near with a barge poll what part of Notts are those 3 flats in ?

Hi

I don't know the area - Post code is NG7 ( Player Street ) from the catalogue

M21er

[sambino]

Near the Uni should not be too dodgy looks a bit industrial though on google maps

[M21er]

It's underway.

First lot under the hammer ( Lot 3 - Flat in Tulse Hill, SW2 ) unsold at £102k

M21er

[DoctorJ]

These auctions are great fun - cheers for posting them M21er

[Griptool]

Second lot unsold - 100% unsold so far

[Griptool]

Strike 3 - lot seven unsold, still on target for 100% unsold

[Griptool]

Lot 8 --------- Unsold

[M21er]

Lot 8 --------- Unsold

3 out of the 4 unsold have been in London ....

[hellsbells]

what's going on with this auction? Stuff is bidding above guide but then "unsold".

Any ideas? Bids off the wall etc?

[cartimandua51]

Most of the properties I would not go near with a barge poll what part of Notts are those 3 flats in ?

Forest Fields (where the ladies of the night ply their trade a lot) / Radford Boulevard which has been dodgy for 50 years.

[cartimandua51]

what's going on with this auction? Stuff is bidding above guide but then "unsold".

Any ideas? Bids off the wall etc?

That, or just not reached the reserve, which can be quite a bit higher than the guide price. In the auctions I've attended the sold price tended to be Guide + 25% / 33%. The auctioneer can take bids "off the wall" up to the reserve price.

[M21er]

Forest Fields (where the ladies of the night ply their trade a lot) / Radford Boulevard which has been dodgy for 50 years.

Hi CM51

You seem to know Nottingham - is Brook Court the block that featured on one of the televsion programmes recently (Repossession, Repossession, Repossession ? )

M21er

[M21er]

Forest Fields (where the ladies of the night ply their trade a lot) / Radford Boulevard which has been dodgy for 50 years.

Duplicate Post - Apologies

Edited February 28, 2008 by M21er

[hostman]

what's going on with this auction? Stuff is bidding above guide but then "unsold".

Any ideas? Bids off the wall etc?

Probably a reserve set by the seller?

[hellsbells]

That, or just not reached the reserve, which can be quite a bit higher than the guide price. In the auctions I've attended the sold price tended to be Guide + 25% / 33%. The auctioneer can take bids "off the wall" up to the reserve price.

Murky stuff - so presumably if you are the only bidder you can be stuffed by the auctioneer?

[Griptool]

Lot 15, redhill surry - sold 16/08/2004 - £215,00

Sold today at £181,000

[Griptool]

Lot 17 - no bids, couldn't even interest the wall in this one.

[hostman]

Lot 17 had no bids, guide price was only £75k and it was in London.

[hellsbells]

Lot 17 - no bids, couldn't even interest the wall in this one.

A wall of indifference perhaps?

[DoctorJ]

Lot 17 had no bids, guide price was only £75k and it was in London.

what a miserable pokey sh*tehole that one must have been

[M21er]

Lot 17 had no bids, guide price was only £75k and it was in London.

Rented at £6600pa - and no interest at £75k - is Norbury that bad?

Lot 17 details

[Sonic the Hedge Fund]

A wall of indifference perhaps?

Perhaps the wall couldn't get a mortgage on it's new portfolio?

Edited February 28, 2008 by Sonic the Hedge Fund

[REB]

The ones that are selling appear to going for roughly 2002 prices !!