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SarahBell

Edward Mellor Auctions Today

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Have watched this today.

20 sold. Plus 4 sold before.

Lots have been over guide price and have not sold.

Some over guide by 10% or more.

He's got homes under the hammer there again.

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I think the reserves set by vendors are higher than the guides set by the auction house. It's the vendors being un realistic.

What percentage sold?

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I think the reserves set by vendors are higher than the guides set by the auction house. It's the vendors being un realistic.

What percentage sold?

33% thereabouts.

There were a few no bids, but just so many unsold - I've written it down what they didn't go for - and when they publish the results in a day or two will look to see how many deals they got done after the auction. He did keep saying for people to see him after because they were that close.

As recent reports pointed out - asking prices might well be up .... doesn't mean anyone is buying

Edited by SarahBell

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when they publish the results in a day or two will look to see how many deals they got done after the auction.

Look forward to seeing that. .

I wonder if "Homes Under the Hanner" will have difficulty collecting those "happy ending" storylines from this auction?

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Look forward to seeing that. .

I wonder if "Homes Under the Hanner" will have difficulty collecting those "happy ending" storylines from this auction?

Like yesterday's where a couple had taken a normal terrace in Stoke, spent in excess of 30K turning it into two one bed flats and ended up with a property worth less than they started with.

tim

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Why? You don't really believe they spent 10k on doing the place up and so made a profit of 60k ot 90k?.

No, because often they don't

HUTH are all amateurs who can't even do basic DIY, in many cases have not even have any tools, never seen the place before they buy it but 99% of the time make a vast profit. Bought for 150k spent 10k and EA values it at 250k.

They are not all like that

tim

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I hope Lot 38 sold:-

Flat 11 Holland Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PG

28/06/2006, £49,950, 19/06/2003, £23,000, 26/07/2000, £12,750.

Hopefully some lucky "investor" or bank crystallizing their profit in that one then. :huh:

Might be a good one for Martin, as I think he's been their before.

Edited by Blod

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Like yesterday's where a couple had taken a normal terrace in Stoke, spent in excess of 30K turning it into two one bed flats and ended up with a property worth less than they started with.

tim

Oh yes, I saw that one.

I think they estimated a loss of about £40,000 from that one, from what I recall?

On occasions I have checked on some of the programme's "success" stories, and have found some places still up for sale, and now at a lot lower asking price, than they were valued at, on the show.

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Oh yes, I saw that one.

I think they estimated a loss of about £40,000 from that one, from what I recall?

On occasions I have checked on some of the programme's "success" stories, and have found some places still up for sale, and now at a lot lower asking price, than they were valued at, on the show.

They always say 'it doesnt matter, im in it for the long term' when that happens.

(till theyre reposessed)

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Have watched this today.

20 sold. Plus 4 sold before.

Lots have been over guide price and have not sold.

Some over guide by 10% or more.

He's got homes under the hammer there again.

Yup

Ive watched a couple of auctions recently and sale are slugish to say the least, it's reality time for a lot of people.

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I think the reserves set by vendors are higher than the guides set by the auction house. It's the vendors being un realistic.

What percentage sold?

Depends on the auction house.

Cottons in Birmingham, stipulate that the reserve set by the vendor will not be higher than the highest guide price.

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Why? You don't really believe they spent 10k on doing the place up and so made a profit of 60k ot 90k?. HUTH are all amateurs who can't even do basic DIY, in many cases have not even have any tools, never seen the place before they buy it but 99% of the time make a vast profit. Bought for 150k spent 10k and EA values it at 250k. It's a game show. Like the other one where they look at various houses and never actually buy. All these programs just fuel HPI and are cheap to make.

Sorry, but that's rubbish. The punters on HUTH differ hugely. Some are hard-nosed professional developers with teams of renovators on tap, some are couples simply wanting a first home, with a mass in between. Including someone who bought a house purely because he wanted to preserve a mediaeval water mill in the garden, and someone else who bought a piece of woodland as a birthday present, just to enjoy.

And quite a few are very competent DIYers who work damn hard during any spare hours from their full-time job to turn some grotty hellhole into a nice home.

As far as I'm concerned, if they then make a profit out of their own sweaty labour and willingness to take a risk, good luck to them.

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I hope Lot 38 sold:-

Flat 11 Holland Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PG

28/06/2006, £49,950, 19/06/2003, £23,000, 26/07/2000, £12,750.

Hopefully some lucky "investor" or bank crystallizing their profit in that one then. :huh:

Might be a good one for Martin, as I think he's been their before.

unsold bidding got to 18500

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Sorry, but that's rubbish. The punters on HUTH differ hugely. Some are hard-nosed professional developers with teams of renovators on tap, some are couples simply wanting a first home, with a mass in between. Including someone who bought a house purely because he wanted to preserve a mediaeval water mill in the garden, and someone else who bought a piece of woodland as a birthday present, just to enjoy.

And quite a few are very competent DIYers who work damn hard during any spare hours from their full-time job to turn some grotty hellhole into a nice home.

As far as I'm concerned, if they then make a profit out of their own sweaty labour and willingness to take a risk, good luck to them.

It’s good to see that hard work is rewarded but the warnings about wealth destruction just don’t go far enough. That couple were a case in point. The chap actually said that property developing was a good way of taking a large pile of cash and converting it into a smaller one. It’s their cavalier attitude to these amateurs that annoys me.

Case in point is that lot I spotted in yesterdays Edward Mellor Auction. If I remember correctly those flats were featured on HUTH and yesterday failed to reach its reserve, I hope that it wasn’t the one the show.

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Ive noticed Butters john Bee auctioneers have stopped publishing results online recently.

Do they send them out via email?

http://www.eigroup.co.uk/auctioneers/templates/guides.asp?a=186&c=bjb&sc=1&sl=1

Last five auctions

Date Lots Offered Percent Sold Total Raised

Thursday, 21 October 2010 57 51% £2,029,400

Monday, 18 October 2010 57 51% £2,029,400

Wednesday, 08 September 2010 57 74% £3,132,500

Monday, 06 September 2010 57 74% £3,132,500

Thursday, 22 July 2010 16 38% £316,000

Edited by SarahBell

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Ive noticed Butters john Bee auctioneers have stopped publishing results online recently.

Dedman gray haven't updated their results section since early this year.

Here's why:

Date/ lots offered/ percent sold/ total value

15 October 2010 14 43% £670,000

08 September 2010 14 43% £518,500

14 July 2010 20 25% £405,000

26 May 2010 14 36% £621,500

14 April 2010 16 38% £703,000

Oh dear.

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http://www.edwardmellor.co.uk/pdf/em_auction_results_oct10.pdf

Result now

LOT 1 1155 ROCHDALE ROAD BLACKLEY MANCHESTER SOLD AT £64,000

LOT 2 GROUND RENTS AT FITZWILLIAM COURT VICTORIA PARK MANCHESTER AVAILABLE AT £19,500 reached 18500

LOT 3 101 PARSONAGE ROAD WITHINGTON MANCHESTER NOT OFFERED

LOT 4 21 SOUTH VIEW WOODLEY STOCKPORT SOLD AT £114,500

LOT 5 25 SUNNYBANK ROAD LONGSIGHT MANCHESTER NOT OFFERED

LOT 6 42 BLACKBROOK ROAD HEATON CHAPEL STOCKPORT SOLD AT £63,000

LOT 7 52 ST MARYS ROAD GLOSSOP DERBYSHIRE AVAILABLE AT £97,500 reached 93000

LOT 8 6 HILLINGTON ROAD EDGELEY STOCKPORT AVAILABLE AT £120,000 reached 115000

LOT 9 8 REDCOTE STREET MOSTON MANCHESTER AVAILABLE AT £60,000 reached 55000

LOT 10 16 SANDBACH ROAD STOCKPORT CHESHIRE SOLD AT £73,500

LOT 11 FORMER BAKEHOUSE AT REAR OF 11 EASTWOOD ROAD MANCHESTER AVAILABLE AT £60,000 reached 53000

LOT 12 28 ASHWORTH STREET DENTON MANCHESTER AVAILABLE AT £65,000 reached 64000

LOT 13 3 WELBECK STREET GORTON MANCHESTER AVAILABLE AT £60,000 reached 57500

LOT 14 4 BRISTOL CLOSE HEALD GREEN STOCKPORT AVAILABLE AT £85,000 reached 82000

LOT 15 405 BURNAGE LANE BURNAGE MANCHESTER SOLD AT £117,000

LOT 16 21 GLOSSOP ROAD GAMESLEY GLOSSOP DERBYSHIRE AVAILABLE AT £80,000 reached 73000

LOT 17 42 HART STREET DROYLSDEN MANCHESTER SOLD AT £95,000

LOT 18 5A GREENFIELD ROAD LITTLE HULTON MANCHESTER SOLD AT £28,000

LOT 19 27 BROMFIELD AVENUE BLACKLEY MANCHESTER AVAILABLE AT £60,000 reached 58000

LOT 20 30 POWELL STREET DARWEN LANCASHIRE SOLD POST reached 37500 guide was 40-45

LOT 21 12 SILVERSTONE DRIVE NEWTON HEATH MANCHESTER AVAILABLE AT £105,000 reached 95000

LOT 22 12 AUDREY STREET MOSTON MANCHESTER AVAILABLE AT £46,000 reached 45500

LOT 22A 28 LAKIN STREET MOSTON MANCHESTER AVAILABLE AT £45,000 reached 42000

LOT 23 46 VENTNOR STREET HARPURHEY MANCHESTER SOLD AT £53,000

LOT 24 26 DUMBARTON CLOSE REDDISH STOCKPORT SOLD PRIOR

LOT 25 48 VENTNOR STREET HARPURHEY MANCHESTER SOLD AT £51,000

LOT 26 8 BRENTFORD STREET HARPURHEY MANCHESTER AVAILABLE AT £59,000 reached 53000

LOT 27 14 EDITH STREET OLDHAM LANCASHIRE SOLD AT £45,000

LOT 28 16 PENN STREET MOSTON MANCHESTER SOLD AT £34,000

LOT 29 45 CHISHOLM STREET OPENSHAW MANCHESTER SOLD AT £43,500

LOT 30 HAFOD HOPE STREET HAZEL GROVE STOCKPORT SOLD AT £100,000

LOT 31 439 MANCHESTER ROAD HEATON CHAPEL STOCKPORT AVAILABLE AT £155,000 reached 135000

LOT 32 2-6 THORNWOOD AVENUE GORTON MANCHESTER SOLD PRIOR

LOT 32A 28 CORONATION STREET OPENSHAW MANCHESTER AVAILABLE AT £55,000 reached 49000

LOT 33 56 CANADA STREET MILES PLATTING MANCHESTER AVAILABLE AT £35,000 reached 33000

LOT 34 1 JUBILEE ROAD MIDDLETON MANCHESTER SOLD AT £96,000

LOT 35 216 STOCKPORT ROAD DENTON MANCHESTER AVAILABLE AT £165,000 reached 164000!!!!!!!!!!

LOT 36 53 HIGHER LANE WHITEFIELD MANCHESTER AVAILABLE AT £145,000 reached 144000

LOT 37 405 MANCHESTER ROAD DROYLSDEN MANCHESTER AVAILABLE AT £140,000 reached 135000

LOT 38 FLAT 11 HOLLAND LODGE GRANGE AVENUE RIBBLETON PRESTON AVAILABLE AT £19,000 reached 18500

LOT 39 46 FARR STREET EDGELEY STOCKPORT, CHESHIRE AVAILABLE AT £75,000 reached 74000

LOT 40 FLATS 1 & 2 1A KINGS AVENUE CRUMPSALL MANCHESTER AVAILABLE AT £125,000 reached 120000

LOT 41 32 ROBERT STREET BARROW IN FURNESS CUMBRIA NOT OFFERED

LOT 42 14 HUNTROYDE AVENUE TONGE MOOR BOLTON LANCASHIRE SOLD AT £53,500

LOT 43 5 TROUGH GATE OLDHAM LANCASHIRE SOLD POSTreached 53500

LOT 44 39 MANCHESTER ROAD ASHTON UNDER LYNE LANCASHIRE AVAILABLE AT £75,000 reached 67000

LOT 45 41 DUKINFIELD ROAD HYDE CHESHIRE AVAILABLE AT £80,000 reached 66000

LOT 46 673 HYDE ROAD BELLE VUE MANCHESTER AVAILABLE AT £50,000 reached 46000

LOT 47 35 OSCAR STREET MOSTON MANCHESTER AVAILABLE AT £50,000 reached 46500

LOT 48 2 UNION STREET GLOSSOP DERBYSHIRE AVAILABLE AT £70,000 reached 65500

LOT 49 22 GORPLE ROAD WORSTHORNE BURNLEY LANCASHIRE NOT OFFERED

LOT 50 409 STATION ROAD WINSFORD CHESHIRE SOLD AT £60,000

LOT 51 46 BROOM LANE LEVENSHULME MANCHESTER SOLD PRIOR

LOT 52 8 KING EDWARD STREET LEVENSHULME MANCHESTER AVAILABLE AT £77,000 reached 72500

LOT 53 13 SWINTON STREET OLDHAM LANCASHIRE AVAILABLE AT £50,000 reached 49000

LOT 54 280 LONDON ROAD HAZEL GROVE STOCKPORT AVAILABLE AT £128,000 NO BIDS

LOT 55 10 AUSTIN GROVE BURNAGE MANCHESTER AVAILABLE AT £140,000 reached 139000

LOT 56 SYLTON HOUSE 505 BUXTON ROAD HAZEL GROVE STOCKPORT AVAILABLE AT £250,000 no bids

LOT 57 158 CHAPEL ROAD HOLLINWOOD OLDHAM LANCASHIRE SOLD PRIOR

LOT 58 219 ACCRINGTON ROAD BLACKBURN LANCASHIRE SOLD AT £45,000 no bids

LOT 59 8-10 TOWN LANE GLOSSOP DERBYSHIRE AVAILABLE AT £225,000 no bids

LOT 59A 21 SHAKESPEARE CRESCENT ECCLES MANCHESTER AVAILABLE AT £95,000

LOT 60 20 SOUTH MESNEFIELD ROAD SALFORD MANCHESTER SOLD AT £47,000

LOT 61 41 OLD HALL LANE LONGSIGHT MANCHESTER SOLD AT £134,000

I think the auctioneer is going to have to get sellers flexible on price. There's so many where people were so close...

Edited by SarahBell

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http://www.edwardmel...sults_oct10.pdf

I think the auctioneer is going to have to get sellers flexible on price. There's so many where people were so close...

Well done & thanks.

VERY close. They must have been tearing their hair out! BUT - they will have learnt a lesson from this - talk down sellers on the reserves.

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