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dave

Auction Result 31k In One Month

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38 Evelyn Road, Walthamstow, London sold for 223k in savills auction on the 19/9/2005. It is listed on houseprices.co.uk as being bought on 5/8/2005 for 192k. That is a very good return in a so called cooling market. I don't think they did a Sarah Beeney on it, I cannot see how they had the time. They must of listed it with the Auction as soon as they bought it.

Result can be found on property auctions, you have to click on results, then Savills Auction on 19/9/2005, it is lot number 72. houseprices result.

53, Limes Grove, Lewisham, London, Greater London, SE13 6DD made an astounding 91k in in 3 months. The lot number is 36.

1, Little Gaynes Gardens, Havering, Upminster, Greater London, RM14 2JL made 195k in 4 months, check out lot 44. That is nearly 50k a month. They even sold the property requiring modernisation. This has got to be the best return ever.

Looks like some serious money is being made in London. <_<

Edited by dave

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38 Evelyn Road, Walthamstow, London sold for 223k in savills auction on the 19/9/2005. It is listed on houseprices.co.uk as being bought on 5/8/2005 for 192k. That is a very good return in a so called cooling market. I don't think they did a Sarah Beeney on it

That's because they're professionals not Wanna-Beeney types who are unbeknowing flippers who manage to blow a load of money and time in the process. :unsure: In that case it would have been nothing more than a good tidy up and a coat of paint, people can be remarkably shallow so a clean presentation (that doesn't include blowing £2k on a square toilet!) and a good auction day could explain that mark up.

Like the stockmarket, people who know what they're doing can make money in any market, that's why they're still about.

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38 Evelyn Road, Walthamstow, London sold for 223k in savills auction on the 19/9/2005. It is listed on houseprices.co.uk as being bought on 5/8/2005 for 192k. That is a very good return in a so called cooling market. I don't think they did a Sarah Beeney on it, I cannot see how they had the time. They must of listed it with the Auction as soon as they bought it.

<_<

This address qualifies for the London City Airport Sound Insulation Program

This explains how a flipper could get a low purchase price.

I hope the buyer had a proper search done. (Auction fever can be more contageous than chicken flu)

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  • 301 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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