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Auction - Barnard Marcus - 179 Lots


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Summary

Total sold properties: 95

Total unsold properties: 56

Total no bids: 0

Total sold prior properties: 12

Total withdrawn properties: 2

Total sold properties with price paid info: 48

Total sold / unsold properties with pricepaid info: 73

Total sales (sold properties): £9,561,750

Total sales (all properties based on highest bid): £15,357,500

Total profit loss (only sold properties with price paid info) : -£2,217,343 (-32.9%)

Total profit loss (all properties based on highest bid with price paid info) : -£2,984,993 (-29.5%)

Total peak value: £15,123,236

Total loss from peak: -£7,998,736

Total loss from peak %: -52.89%

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Summary

Total sold properties: 95

Total unsold properties: 56

Total no bids: 0

Total sold prior properties: 12

Total withdrawn properties: 2

Total sold properties with price paid info: 48

Total sold / unsold properties with pricepaid info: 73

Total sales (sold properties): £9,561,750

Total sales (all properties based on highest bid): £15,357,500

Total profit loss (only sold properties with price paid info) : -£2,217,343 (-32.9%)

Total profit loss (all properties based on highest bid with price paid info) : -£2,984,993 (-29.5%)

Total peak value: £15,123,236

Total loss from peak: -£7,998,736

Total loss from peak %: -52.89%

the dancing bear seems a little more athletic with these figures.

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Summary

Total sold properties: 95

Total unsold properties: 56

Total no bids: 0

Total sold prior properties: 12

Total withdrawn properties: 2

Total sold properties with price paid info: 48

Total sold / unsold properties with pricepaid info: 73

Total sales (sold properties): £9,561,750

Total sales (all properties based on highest bid): £15,357,500

Total profit loss (only sold properties with price paid info) : -£2,217,343 (-32.9%)

Total profit loss (all properties based on highest bid with price paid info) : -£2,984,993 (-29.5%)

Total peak value: £15,123,236

Total loss from peak: -£7,998,736

Total loss from peak %: -52.89%

If only the land registry would take into account property auctions!!!!

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Summary

Total sold properties: 95

Total unsold properties: 56

Total no bids: 0

Total sold prior properties: 12

Total withdrawn properties: 2

Total sold properties with price paid info: 48

Total sold / unsold properties with pricepaid info: 73

Total sales (sold properties): £9,561,750

Total sales (all properties based on highest bid): £15,357,500

Total profit loss (only sold properties with price paid info) : -£2,217,343 (-32.9%)

Total profit loss (all properties based on highest bid with price paid info) : -£2,984,993 (-29.5%)

Total peak value: £15,123,236

Total loss from peak: -£7,998,736

Total loss from peak %: -52.89%

If only the land registry would take into account property auctions!!!!

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Lot 75

93 Admiral House, 38-42 Newport Road, Cardiff, South Glamorgan, CF24

Sold at £76,000 Loss of £90,000 or 54% from price of £166,000 16th August 2007

Admiral House is a refurbished office block on Newport Road, a horrendously busy main road leading from the centre of Cardiff out to a retail warehouse wasteland. Perhaps you wouldn't mind working in an office on it, but personally I'd hate to live on it.

The refurb was done by City Lofts, which went bust last summer. City Lofts was one of the two companies behind the Bay Pointe development, originally intended to be 2,400 apartments in 10 high-rise blocks up to 41 storeys high, now cancelled.

Apparently Admiral House contains one and two bed "apartments". If this was a one bed, it probably looked like this

http://www.homesandproperty.co.uk/sale/wal...62-2865223.html

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+++BUY TO LET ALERT+++FRAUD ALERT+++BUY TO LET ALERT+++

Sheil Road, Liverpool L6 7UA

- All four flats bought at the same time in September 2006.

- One of the flats for sale on Rightmove since May last year, for £105,000.

- All four up for auction today spaced out throughout the auction for some reason - maybe didn't want people realizing it was a job lot.

Flat 1: £130,000 in 2006. Sold £49,500 today. Loss £80,500 (62%)

Flat 2: £140,000 in 2006. Sold

Flat 3: £105,000 in 2006. Sold £25,000 today. Loss £80,000 (76%)

Flat 4: £140,000 in 2006. Sold £48,000 today. Loss £92,000 (66%)

24437_JP149260109_IMG_00_0000.jpg

Sold by mortgagee with wopping 350K loss. Sadly, given the bank bailouts, us taxpayers will probably have to pick up the tab for some greedy BTL landlords foray into property ownership.

Thanks tommyboy.

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I know lot 48 (It was unsold today- highest bid was 145k). Went to view some of these flats a few years back. The peak price is listed at £280,836 which is just nonsense. These flats were always around the 180/190 mark at peak. a couple broke 200k.

Im suprised 145k wasn't accepted, at that price its not really the bargain you would expect to get at auction.

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Lot 75

93 Admiral House, 38-42 Newport Road, Cardiff, South Glamorgan, CF24

Sold at £76,000 Loss of £90,000 or 54% from price of £166,000 16th August 2007

Admiral House is a refurbished office block on Newport Road, a horrendously busy main road leading from the centre of Cardiff out to a retail warehouse wasteland. Perhaps you wouldn't mind working in an office on it, but personally I'd hate to live on it.

The refurb was done by City Lofts, which went bust last summer. City Lofts was one of the two companies behind the Bay Pointe development, originally intended to be 2,400 apartments in 10 high-rise blocks up to 41 storeys high, now cancelled.

Apparently Admiral House contains one and two bed "apartments". If this was a one bed, it probably looked like this

http://www.homesandproperty.co.uk/sale/wal...62-2865223.html

Looking at what these rent for on Rightmove, this sale price probably gives about a 6% rental yield after voids and service charges...so seems like they paid too much still?

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thanks from me too tommyboy, the force is strong in you.

and my local EA looks at these auctions so am sure will be treating my cheeky offers with a little more gravity from now on.

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You missed out lot 155

43 Boxgrove, Worthing

Last sold £200,000 in 2002

Up for sale on open market on rightmove since April 2008 - initially at £262,950, then dropping to 256, 244 and then down to 206, before finally getting repo'd. Note the flashy Merc in the front drive - smells strongly of MEW.

Went for auction today for £185,000, a loss of £15,000 from the 2002 selling price.

:D:ph34r:

Many thanks Tommy Boy.

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Lot 75, Admiral house, cardiff, makes this one look a little overpriced now Admiral House

ps Just noticed the description saying about access to the carpark, and then the note at the end saying that the flat doesn't have a car parking space :lol:

Edited by Mrs Imp
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