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Allsops Auction - Some Strange Results


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Yup, ive been watching this. Was considering going down to bid on either of the Godmanchester lots, but decided not to in the end. Good decision as both went for a little more i was prepared to pay.

Seems like the same old to me. London and South East and desirable parts elsewhere still well into bubble territory. North and Midlands no one interested.

But yes, dozens of unsold lots overall.

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Had my eye on a couple in the s/e with sensible guides, both sold within the guides brings it back in line 2002 / 2003 prices, For any one that was attending the auctions in 2009 would have seen / grabbed some bargains if you missed the boat then don't miss it this time 2012 will deff see 2000 / 2001 sold prices

Bull or bear

Gl

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Results here for today's auction. Along with the usual fairly high percentage of lots unsold that seems to characterise auctions recently, a lot of the ones that did sell seem to have gone for a lot higher than the guide prices. Thoughts?

Typical auctioneer's ploy, to pitch the guide prices well below the price the property is actually expected to go for, just to get the punters in.

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I went and viewed lot 4 and it was a right sh*t-tip, almost derelict inside. I can't believe someone paid £250k for it. I think they overpaid.

Very strange, on the evidence of the Catford sales on the first page you would have to say that houses in that area are selling rather well. Can't imagine why, horrible place.

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Typical auctioneer's ploy, to pitch the guide prices well below the price the property is actually expected to go for, just to get the punters in.

I would agree with that. My mother is the managing agent for one of those properties and she had a bucket load of phone calls from prospective bidders asking questions about it. Tiny little flats and over valued at it's sale price in her opinion.

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Typical auctioneer's ploy, to pitch the guide prices well below the price the property is actually expected to go for, just to get the punters in.

I would agree that this happens but it doesn't look like the guide prices were so low as to be in proper bargain territory.

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  • 433 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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