tommyboy Posted October 27, 2008 Share Posted October 27, 2008 Live Auction | Savills Residential LiveLink | Savills Residential Order of Sale | Lot 1 Details with Next to Lot 2 etc | Today's auction from Savills Residential has 114 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: Savills Residential Auction 27/10/2008 All LiveLink information and live data feeds are provided by EI Group Total sold properties: 49 Total unsold properties: 36 Total no bids: 3 Total sold prior properties: 1 Total withdrawn properties: 2 Total sold properties with price paid info: 3 Total sold / unsold properties with pricepaid info: 8 Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted October 27, 2008 Share Posted October 27, 2008 Timbeeeeeeeeeeeeeeeeeeeer Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 27, 2008 Author Share Posted October 27, 2008 noticed that there are alot of housing association properties in the auction, Anyone know why this might be? Quote Link to comment Share on other sites More sharing options...
Dubai Posted October 27, 2008 Share Posted October 27, 2008 noticed that there are alot of housing association properties in the auction,Anyone know why this might be? They want to sell them.... Quote Link to comment Share on other sites More sharing options...
uptherebels Posted October 27, 2008 Share Posted October 27, 2008 They want to sell them.... Quote Link to comment Share on other sites More sharing options...
expatowner Posted October 27, 2008 Share Posted October 27, 2008 I'm beginning to doubt how much influence these auctions have to many people buying a property. Most people who have an existing house (that they need to sell in order to buy another property) cannot move quickly enough to buy at auction. And so for the majority of people auction prices are not applicable. Surely these auctions are only mildly of interest as, IMO, they really only show us the market level for people who can buy a second or third house for cash. Quote Link to comment Share on other sites More sharing options...
expatowner Posted October 27, 2008 Share Posted October 27, 2008 | Savills Residential Order of Sale | I keep tabs on Docklands as my barometer. I still dont see many E14 places coming to the auction houses. Quote Link to comment Share on other sites More sharing options...
hobdoll Posted October 27, 2008 Share Posted October 27, 2008 New to auctions - when they state 4 rooms what do they mean? ie how many bedrooms? Quote Link to comment Share on other sites More sharing options...
Crossbow Posted October 27, 2008 Share Posted October 27, 2008 I'm beginning to doubt how much influence these auctions have to many people buying a property.Most people who have an existing house (that they need to sell in order to buy another property) cannot move quickly enough to buy at auction. And so for the majority of people auction prices are not applicable. Surely these auctions are only mildly of interest as, IMO, they really only show us the market level for people who can buy a second or third house for cash. Invaluable to STRers, don't discourage Tommyboy, he's doing a marvellous job. Quote Link to comment Share on other sites More sharing options...
expatowner Posted October 27, 2008 Share Posted October 27, 2008 Invaluable to STRers, don't discourage Tommyboy, he's doing a marvellous job. I wasn't meaning to discourage Tommyboy. Just saying I think the usefulness of auctions to most people is pretty limited. Quote Link to comment Share on other sites More sharing options...
TeddyBear Posted October 27, 2008 Share Posted October 27, 2008 New to auctions - when they state 4 rooms what do they mean? ie how many bedrooms? Likely to be either 2 beds & 2 reception or 3 beds and 1 reception. Quote Link to comment Share on other sites More sharing options...
silver surfer Posted October 27, 2008 Share Posted October 27, 2008 Surely these auctions are only mildly of interest as, IMO, they really only show us the market level for people who can buy a second or third house for cash. But that's many of the STR folk on this forum. By the way, how's the Hong Kong property market holding up? Quote Link to comment Share on other sites More sharing options...
TeddyBear Posted October 27, 2008 Share Posted October 27, 2008 noticed that there are alot of housing association properties in the auction,Anyone know why this might be? I've asked this on other auction threads. General view I got back was that the HAs are in trouble and haven't got the cash to do these places up to pass regulations, so once they become vacant, they shift them to try and improve their cashflow and have cash to maintain other properties. No idea if this is actually the case but sounds plausible. This auction is the most London-centric I've seen so far. Going to be interesting. In theory, full of "do-er up-er" flats and houses. By the way, have just noticed the "trend analysis" button on the electronic catalogue, they list how many similar properties they've sold in that street (area?) over the years and the price trend. Interesting. Quote Link to comment Share on other sites More sharing options...
notthereyet Posted October 27, 2008 Share Posted October 27, 2008 I wasn't meaning to discourage Tommyboy.Just saying I think the usefulness of auctions to most people is pretty limited. Auction prices affect valuations of the property market in general in many ways. Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 27, 2008 Author Share Posted October 27, 2008 Lot 1 ( Guide Price: 160 Plus ) Vendor: Savills Residential Address: 38 Edward Road, Walthamstow, London, E17 The description from the Savills Residential website is: Freehold End of Terrace House Two Floor 4 Room(s) Garden Unmodernised Vacant © Savills Residential Map: Click Here Last Sold Price: £249,995 on 04/07/2008 Auction Result: Sold ( Highest Bid was: £186,000 ) Today's auction price results in a Loss of £63,995 ( 25.6% ) since purchase on 04/07/2008. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summery of this lot Quote Link to comment Share on other sites More sharing options...
TeddyBear Posted October 27, 2008 Share Posted October 27, 2008 (edited) Lot 1 ( Guide Price: 160 Plus )Vendor: Savills Residential Address: 38 Edward Road, Walthamstow, London, E17 The description from the Savills Residential website is: Freehold End of Terrace House Two Floor 4 Room(s) Garden Unmodernised Vacant © Savills Residential Map: Click Here Last Sold Price: £249,995 on 04/07/2008 Auction Result: Sold ( Highest Bid was: £186,000 ) Today's auction price results in a Loss of £63,995 ( 25.6% ) since purchase on 04/07/2008. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summery of this lot Sorry Tommy, think that's wrong, that price is for King Edward St, not Edward St. Edited October 27, 2008 by TeddyBear Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 27, 2008 Author Share Posted October 27, 2008 Lot 4 ( Guide Price: 170 Plus ) Vendor: Savills Residential Address: 33 Grove Avenue, Finchley, London, N3 The description from the Savills Residential website is: Leasehold Ground Floor Self-Contained Flat Three Room(s) Garden Unmodernised Vacant © Savills Residential Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: Sold ( Highest Bid was: £218,000 ) It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summary of this lot Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 27, 2008 Author Share Posted October 27, 2008 Lot 5 ( Guide Price: 135 Plus ) Vendor: Savills Residential Address: Flat 25, The High, Streatham High Road, London, SW16 The description from the Savills Residential website is: Leasehold 4th Floor Purpose Built Flat Three Room(s) Unmodernised Vacant © Savills Residential Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: Sold ( Highest Bid was: £148,000 ) It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summary of this lot Quote Link to comment Share on other sites More sharing options...
notthereyet Posted October 27, 2008 Share Posted October 27, 2008 Live Auction| Savills Residential LiveLink | Savills Residential Order of Sale | Lot 1 Details with Next to Lot 2 etc | Today's auction from Savills Residential has 114 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: Savills Residential Auction 27/10/2008 All LiveLink information and live data feeds are provided by EI Group View summary of this auction Lot 4 sold for £218k no previous sale figures but next door number 35 sold for £650 in 2007 http://www.eigroup.co.uk/onlineauctions/lo...17&l=518001 Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 27, 2008 Author Share Posted October 27, 2008 Lot 6 ( Guide Price: 125 Plus ) Vendor: Savills Residential Address: 31 Grosvenor Court, Brighton Road, Sutton, Surrey, SM2 The description from the Savills Residential website is: Leasehold 1st Floor Purpose Built Self-Contained Flat Three Room(s) Unmodernised Vacant © Savills Residential Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: Sold ( Highest Bid was: £119,000 ) It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summary of this lot Quote Link to comment Share on other sites More sharing options...
TeddyBear Posted October 27, 2008 Share Posted October 27, 2008 Lot 4 sold for £218k no previous sale figures but next door number 35 sold for £650 in 2007http://www.eigroup.co.uk/onlineauctions/lo...17&l=518001 Careful with the comparison - that was the whole semi that sold for that price, the auction was for a downstairs unmodernised conversion flat. nextdoor was done up (mangnolia?) and flipped by the looks of things 3 13/06/2007 £650,000 Semi F No Map 35, Grove Avenue, Barnet, London, Greater London, N3 1QS 4 09/10/2006 £525,000 Semi F No Map 35, Grove Avenue, Barnet, London, Greater London, N3 1QS Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 27, 2008 Author Share Posted October 27, 2008 Lot 7 ( Guide Price: 80 Plus ) Vendor: Savills Residential Address: 20A Versailles Road, Penge, London, SE20 The description from the Savills Residential website is: Leasehold Lower Ground Floor Self-Contained Flat Two Room(s) Vacant © Savills Residential Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: Sold ( Highest Bid was: £100,000 ) It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summary of this lot Quote Link to comment Share on other sites More sharing options...
tommyboy Posted October 27, 2008 Author Share Posted October 27, 2008 Lot 8 ( Guide Price: 195 Plus ) Vendor: Savills Residential Address: 87A Kempe Road, Kilburn, London, NW6 The description from the Savills Residential website is: Leasehold Ground Floor Self-Contained Flat Three Room(s) Garden Unmodernised Vacant © Savills Residential Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: Sold ( Highest Bid was: £270,000 ) It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summary of this lot Quote Link to comment Share on other sites More sharing options...
Tonkers Posted October 27, 2008 Share Posted October 27, 2008 Lot 7 ( Guide Price: 80 Plus )Vendor: Savills Residential Address: 20A Versailles Road, Penge, London, SE20 The description from the Savills Residential website is: Leasehold Lower Ground Floor Self-Contained Flat Two Room(s) Vacant © Savills Residential Map: Click Here Last Sold Price: No data found for this property - Click here to search Auction Result: Sold ( Highest Bid was: £100,000 ) It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown. Any inaccuracies, errors or suggestions for improvements to the reports, please PM me View this auction Live View summary of this lot Why pay so much? Quote Link to comment Share on other sites More sharing options...
allfiredup Posted October 27, 2008 Share Posted October 27, 2008 The public toilets are doing well! You've got to have som,e kind of vision to take that on!! Quote Link to comment Share on other sites More sharing options...
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