[tommyboy]

Live Auction

| Harman Healy LiveLink | Harman Healy Order of Sale | Lot 1 Details with Next to Lot 2 etc |

Today's auction from Harman Healy 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: Harman Healy Auction 05/11/2008 All LiveLink information and live data feeds are provided by EI Group

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[expatowner]

Still not one property in my bellweather area - Docklands E14.
some crash this!

This post has been edited by expatowner: 05 November 2008 - 03:34 AM

[PotNoodle]

Thanks in advance to TommyBoy for this valuable service and these
highly significant results so far this month.

Respect.

[the_duke_of_hazzard]

expatowner, on Nov 5 2008, 03:33 AM, said:

Still not one property in my bellweather area - Docklands E14.
some crash this!

Ditto in the area I'm interested in - SE21/SE24 (bar the really shi1t parts). No-one seems to be a forced seller there yet.

[PropertyQuant]

Lot 54 - 21 Old Convent, Moat Road, East Grinstead, West Sussex, RH19

Believe it or not, this one was originally on the market for £499,950 a year ago. It was also available to rent (for £1350 pcm IIRC), we actually viewed it as it is a beautiful building with really good facilities such as a tennis court / swimming pool. However the layout is just too bizarre, for example the kitchen is in the hallway, at the bottom of the stairs. It just would not work as a family home, so I would be surprised if it even fetches the guide price of £250,000.

[expatowner]

PotNoodle, on Nov 5 2008, 05:54 AM, said:

Thanks in advance to TommyBoy for this valuable service and these
highly significant results so far this month.

FWIW I dont see how these auctions are much good to all the people who have to sell a house before they can buy another (which account for the vast majority of transactions). Not many people will put their family into moving into rental accomodation just so they can buy at auction. How long would you take the rental lease for? Auctions are ready made for small time developers and jobbing builders and dont reflect what drives the majority of property pricing.

[PotNoodle]

expatowner, on Nov 5 2008, 08:20 AM, said:

FWIW I dont see how these auctions are much good to all the people who have to sell a house before they can buy another (which account for the vast majority of transactions). Not many people will put their family into moving into rental accomodation just so they can buy at auction. How long would you take the rental lease for? Auctions are ready made for small time developers and jobbing builders and dont reflect what drives the majority of property pricing.

Sorry, but couldn't disagree more.

Auctions are showing us how bad the downturn is, without waiting months
for Haliwide or Land Reg figures.

The four auctions in October (see TommyBoy's signature) show a trend
even within the calendar month.

I repeat; I could not disagree more.

[Zanu Bob]

expatowner, on Nov 5 2008, 08:20 AM, said:

FWIW I dont see how these auctions are much good to all the people who have to sell a house before they can buy another (which account for the vast majority of transactions). Not many people will put their family into moving into rental accomodation just so they can buy at auction. How long would you take the rental lease for? Auctions are ready made for small time developers and jobbing builders and dont reflect what drives the majority of property pricing.

you are a muppet.but then you are still a 'neither' so there's precedent.

markets move at the margins first.
auctions are the best forweard indicator we have.

sorry to be insulting but you have made an incredibly dumb point.

This post has been edited by the reaper: 05 November 2008 - 09:05 AM

[Zanu Bob]

PropertyQuant, on Nov 5 2008, 08:13 AM, said:

Lot 54 - 21 Old Convent, Moat Road, East Grinstead, West Sussex, RH19

Believe it or not, this one was originally on the market for £499,950 a year ago. It was also available to rent (for £1350 pcm IIRC), we actually viewed it as it is a beautiful building with really good facilities such as a tennis court / swimming pool. However the layout is just too bizarre, for example the kitchen is in the hallway, at the bottom of the stairs. It just would not work as a family home, so I would be surprised if it even fetches the guide price of £250,000.

PQ nice to see you back in an auction thread.

[beans on toast]

Lot 4 last sold for £293,000 on 29/07/2005.

http://www.houseprices.co.uk/e.php?q=broug...sw6+36&n=10

Lot 1 :
1 12/09/2005 £345,000 Flat L No Map 112 Candlemakers Apartments, Flat 62, York Road, Wandsworth, London, Greater London, SW11 3RS


Lot 1 is the West London equivalent of Thamesmead.


Will be interested to see how much they lose on these

This post has been edited by beans on toast: 05 November 2008 - 10:18 AM

[blobby o mr blobby]

Quote

Lot 4 last sold for £293,000 on 29/07/2005.

http://www.housepric...g...sw6+36&n=10

Will be interested to see how much they lose on that one.

Ill take 7% over 2005 price

[dr ray]

expatowner, on Nov 5 2008, 08:20 AM, said:

FWIW I dont see how these auctions are much good to all the people who have to sell a house before they can buy another (which account for the vast majority of transactions). Not many people will put their family into moving into rental accomodation just so they can buy at auction. How long would you take the rental lease for? Auctions are ready made for small time developers and jobbing builders and dont reflect what drives the majority of property pricing.

Maybe the prices developers and jobbing builders are willing to pay is a more accurate reflection of the housing market. These people buy and sell more houses than most of us in our lifetimes so you should learn from their experience.
Also not likely to be influenced by the smell of newly baked bread as the muppets on the property porn shows seem to be.

[PropertyQuant]

the reaper, on Nov 5 2008, 09:05 AM, said:

PQ nice to see you back in an auction thread.

Thank you. As tommyboy has been doing such a good job with these auction threads, I haven't felt the need to post as much. However, I am still watching them all, and analysing.

[the_duke_of_hazzard]

blobby o mr blobby, on Nov 5 2008, 10:18 AM, said:

Ill take 7% over 2005 price

I think a 2-bed sold for just over 250K in that block in a recent auction. So I'd be surprised.

[tommyboy]

Lot 1 ( Guide Price: 220 Plus )

Vendor: Harman Healy

Address: Flat 62, Candlemakers Apartments, 112 York Road, Battersea, London, SW11

The description from the Harman Healy website is: Leasehold Split Level Apartment One Room(s) Vacant © Harman Healy

Map: Click Here

Last Sold Price: No data found for this property - Click here to search

Auction Result: Sold ( Highest Bid was: £230,000 )

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

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