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tommyboy

Auction - Goldings - 16 Lots

31 posts in this topic

[b]Live Auction[/b]

| [url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742&c=WAS"] Goldings LiveLink [/url]| [url="http://www.eigroup.co.uk/onlineauctions/orderofsale.asp?AuctionID=11742&c=WAS"] Goldings Order of Sale [/url]| [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521060"] Lot 1 Details with [i]Next[/i] to Lot 2 etc[/url] |

Today's auction from Goldings has 16 lots going under the hammer.

If you have local knowledge about any of the lots please post onto the thread - It's the local information that gives us the stories behind the figures.

Today's Live Auctionfrom: [i] Goldings Auction 19/11/2008[/i] All LiveLink information and live data feeds are provided by [url="http://www.eigroup.co.uk/onlineauctions/"]EI Group[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=a&id=11742"]View summary of this auction[/url]

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[b]Lot 1[/b] ( Guide Price: 100-110 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521060"]47 Stallards Crescent, Kirby Cross, Frinton-on-Sea, Essex, CO13[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Detached Bungalow 4 Room(s) Garden Garage/s Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=CO13+0TN"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i]Sold[/i] ( Highest Bid was: [b]£137,000[/b] )

It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=1"]View summary of this lot[/url]

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[b]Lot 2[/b] ( Guide Price: 120-130 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521061"]Cherry Tree Cottage, Church Street, Witham, Essex, CM8[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Detached House Two Floor 5 Room(s) Garden Parking Space Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=CM8+2JQ"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i]Sold[/i] ( Highest Bid was: [b]£150,000[/b] )

It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=2"]View summary of this lot[/url]

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[quote name='tommyboy' post='1469805' date='Nov 19 2008, 04:28 PM'][b]Lot 1[/b] ( Guide Price: 100-110 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521060"]47 Stallards Crescent, Kirby Cross, Frinton-on-Sea, Essex, CO13[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Detached Bungalow 4 Room(s) Garden Garage/s Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=CO13+0TN"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i]Sold[/i] ( Highest Bid was: [b]£137,000[/b] )

It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=1"]View summary of this lot[/url][/quote]

One nice 4 bed bungalow in Frinton gone for £137,000. Colcheter house (lot 3) struggling to get to £125K.

Not quite a bargain, but it's a sign that the owners are not setting silly reserves. Let's hope that lasts.

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[b]Lot 3[/b] ( Guide Price: 120-130 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521062"]43 Smythies Avenue, Colchester, Essex, CO1[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Semi-Detached House Two Floor 5 Room(s) Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=CO1+2US"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i]Sold[/i] ( Highest Bid was: [b]£126,000[/b] )

It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=3"]View summary of this lot[/url]

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[b]Lot 4[/b] ( Guide Price: 85-95 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521063"]29 Queens Court, Kings Parade, Holland-on-Sea, Clacton-on-Sea, Essex, CO15[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Leasehold Top Floor Maisonette Assured Shorthold Tenancy [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=CO15+5JD"]Click Here[/url]

[i]Last Sold Price:[/i] [url="http://www.houseprices.co.uk/e.php?q=29%20Queens%20Court,%20Kings%20Parade,%20Holland-on-Sea,%20Clacton-on-Sea,%20Essex,%20CO15"]£65,000 on 16/11/2001[/url]

[i]Auction Result:[/i] [i]Sold[/i] ( Highest Bid was: [b]£93,000[/b] )

[size=3]Today's auction price results in a [i]Profit[/i] of [color="red"][b]£28,000[/b][/color] ( [b]43.1%[/b] ) since purchase on 16/11/2001.[/size]


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=4"]View summary of this lot[/url]

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[b]Lot 5[/b] ( Guide Price: 20-25 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521064"]5 Tamarisk Way, Jaywick, Clacton-on-Sea, Essex, CO15[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Detached Bungalow Three Room(s) Garden One Parking Space Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=CO15+2HZ"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i][color="red"]No Bids[/color][/i]


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=5"]View summary of this lot[/url]

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Lot 4 had an AST at £7,500. Sold at 93,000. A yield of 8.1%. We're still not at value prices yet I'm afraid. Good to see Lot 5 attracted no bidders.

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[b]Lot 6[/b] ( Guide Price: 140-160 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521065"]Land R/O 100 Colchester Road, St. Osyth, Clacton-on-Sea, Essex, CO16[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Residential Development Site 0.4 Acre Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=CO16+8HB"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i][color="red"]No Bids[/color][/i]


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=6"]View summary of this lot[/url]

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[b]Lot 7[/b] ( Guide Price: 10-15 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521066"]Land at Oak Hill/Acorn Rise, Hollesley, Woodbridge, Suffolk, IP12[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Amenity Land One Acre Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=IP12+3JT"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i]Sold[/i] ( Highest Bid was: [b]£10,000[/b] )

It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=7"]View summary of this lot[/url]

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[quote name='tommyboy' post='1469849' date='Nov 19 2008, 04:44 PM'][b]Lot 7[/b] ( Guide Price: 10-15 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521066"]Land at Oak Hill/Acorn Rise, Hollesley, Woodbridge, Suffolk, IP12[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Amenity Land One Acre Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=IP12+3JT"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i]Sold[/i] ( Highest Bid was: [b]£10,000[/b] )

It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=7"]View summary of this lot[/url][/quote]

Land in Woodbridge is doing well. Lot 9 should be interesting (Rendlesham rather than Woodbridge)

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[quote name='IP Newcomer' post='1469841' date='Nov 19 2008, 02:40 PM']Lot 4 had an AST at £7,500. Sold at 93,000. A yield of 8.1%. We're still not at value prices yet I'm afraid. Good to see Lot 5 attracted no bidders.[/quote]

Strettons auction appeared to have investors buying with a similar yield possible. 8% seems too low to be considered a good investment especially on second hand houses maybe requiring work.

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[b]Lot 8[/b] ( Guide Price: 25-30 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521068"]Land off Bealings Road, Martlesham, Woodbridge, Suffolk, IP12[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Amenity Land Three Acre Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=IP12+4RP"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i][color="red"]Sold Prior[/color][/i]


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=8"]View summary of this lot[/url]

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[quote name='chicker' post='1469852' date='Nov 19 2008, 04:45 PM']Strettons auction appeared to have investors buying with a similar yield possible. 8% seems too low to be considered a good investment especially on second hand houses maybe requiring work.[/quote]

And £7,500 is a high rent for a two bed maisonette in Clacton (I suspect).

I pay considerably less for a house in Ipswich.

The Rendlesham auction has just got a £350K bid! But then going up in twos. Must have sunk a bit before getting an opening bid.

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[b]Lot 9[/b] ( Guide Price: 400 Plus )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521069"]Former Community Centre, Bentwaters Parks, Rendlesham, Woodbridge, Suffolk, IP12[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Former Community Building & Land 1.5 Acre Residential Development Potential Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=IP12+2TW"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i]Unsold[/i] ( Highest Bid was: [b]£360,000[/b] )

It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=9"]View summary of this lot[/url]

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[quote name='IP Newcomer' post='1469860' date='Nov 19 2008, 04:48 PM']The Rendlesham auction has just got a £350K bid! But then going up in twos. Must have sunk a bit before getting an opening bid.[/quote]

And Rendlesham did not sell at £360K. First reserve not met.

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[b]Lot 10[/b] ( Guide Price: 380-400 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521070"]Evergreen, Gosbeck Road, Crowfield, Ipswich, Suffolk, IP6[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Bungalow & Land Development Potential 4 House Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=IP6+9TB"]Click Here[/url]

[i]Last Sold Price:[/i] [url="http://www.houseprices.co.uk/e.php?q=Evergreen,%20Gosbeck%20Road,%20Crowfield,%20Ipswich,%20Suffolk,%20IP6"]£325,000 on 26/01/2007[/url]

[i]Auction Result:[/i] [i][color="red"]No Bids[/color][/i]


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=10"]View summary of this lot[/url]

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Could have some interesting development land not selling. All the next few seem to have planning permission of some sort. Ipswich (10) didn't get any bids. Now for Clacton (11).

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[quote name='IP Newcomer' post='1469866' date='Nov 19 2008, 02:50 PM']And Rendlesham did not sell at £360K. First reserve not met.[/quote]
[quote]1.5 Acre Residential Development[/quote] - That's curious.

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[b]Lot 11[/b] ( Guide Price: 150-200 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521071"]The Warehouse, Estuary Crescent, Clacton-on-Sea, Essex, CO15[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Warehouse 7500 Square Feet Outline Planning Permission 6 Semi-Detached House Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=CO15+1EY"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i]Unsold[/i] ( Highest Bid was: [b]£132,000[/b] )

It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=11"]View summary of this lot[/url]

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[quote name='yellerKat' post='1469879' date='Nov 19 2008, 04:53 PM']- That's curious.[/quote]

None of the residential developments seems to have sold. Just a couple of acres of amenity land.

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[b]Lot 12[/b] ( Guide Price: 180-200 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521072"]Land off Orchard Close, Eye, Suffolk, IP23[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Residential Development Site Planning Permission Three Detached House Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=IP23+7DW"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i][color="red"]No Bids[/color][/i]


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=12"]View summary of this lot[/url]

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[quote name='IP Newcomer' post='1469887' date='Nov 19 2008, 04:55 PM']None of the residential developments seems to have sold. Just a couple of acres of amenity land.[/quote]

Lot 12 unsold. Now Lot 13 is another "potential development" but this time with a house on land. Will we have a developer no show. It's struggling to get an opening bid.

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[b]Lot 13[/b] ( Guide Price: 325-350 )

[i]Vendor:[/i] Goldings

[i]Address:[/i] [url="http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=11742&l=521073"]Wellwick House, Colchester Road, St. Osyth, Clacton-on-Sea, Essex, CO16[/url]

The description from the Goldings website is: [font="Franklin Gothic Medium"]Freehold Detached House 10 Room(s) Out Building 0.3 Acre Development Potential Vacant [/font] © Goldings

[i]Map:[/i] [url="http://www.houseprices.co.uk/map.php?pc=CO16+8HB"]Click Here[/url]

[i]Last Sold Price:[/i] No data found for this property - [url="http://www.houseprices.co.uk"]Click here to search[/url]

[i]Auction Result:[/i] [i][color="red"]No Bids[/color][/i]


[i]Any inaccuracies, errors or suggestions for improvements to the reports, please PM me[/i]

[url="http://www.eigroup.co.uk/onlineauctions/login.asp?AuctionID=11742"]View this auction Live[/url]

[url="http://www.nowinnofeesolicitorsuk.co.uk/hpc/test/readData.php?mode=l&id=11742&lid=13"]View summary of this lot[/url]

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[quote name='IP Newcomer' post='1469893' date='Nov 19 2008, 04:57 PM']Lot 12 unsold. Now Lot 13 is another "potential development" but this time with a house on land. Will we have a developer no show. It's struggling to get an opening bid.[/quote]

Only 3 more "proper" houses to go now. All the development potential land either didn't sell or didn't even attract bids.

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