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Auction | Edward Mellor | Manchester & North West | 79 Lots


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Lot 75 ( Guide Price: £45,000-£50,000 ) From: Edward Mellor Auction 2:00 PM, Wednesday 2 May 2012

Address: 9 Hatton Street Longsight M12 4NZ

Catalogue: Auction Catalogue Link

The description from the Edward Mellor website is: Two bedroom terraced house © Edward Mellor Auctions

Map: Google Maps Link

Last Sold Price: £105,000 on 6 June 2008

Auction Result: Sold for £53,500

Today's auction price results in a Loss of £51,500 ( 49.0% ) since purchase on 6 June 2008.

( Not taking into account Stamp Duty, Legal Fees and any Estate Agency fees )

M21er

Any inaccuracies, errors or suggestions, please PM me - To see this result on your Twitter feed: Follow @M21er

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Lot 76 ( Guide Price: £125,000+ ) From: Edward Mellor Auction 2:00 PM, Wednesday 2 May 2012

Address: 88 Kings Road Old Trafford M16 9NG

Catalogue: Auction Catalogue Link

The description from the Edward Mellor website is: Three bedroom semi-detached house © Edward Mellor Auctions

Map: Google Maps Link

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

Auction Result: Sold for £155,000

It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.

M21er

Any inaccuracies, errors or suggestions, please PM me - To see this result on your Twitter feed: Follow @M21er

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Lot 63 ( Guide Price: £40,000 ) From: Edward Mellor Auction 2:00 PM, Wednesday 2 May 2012

Address: 129 Mitchell Street Newton Heath M40 2TJ

Catalogue: Auction Catalogue Link

The description from the Edward Mellor website is: Tenanted two bedroom terraced house © Edward Mellor Auctions

Map: Google Maps Link

Last Sold Price: £38,000 on 16 November 2004

Auction Result: Unsold ( Highest Bid was: £33,000 )

Today's auction price would result in a Loss of £5,000 ( 13.2% ) since purchase on 16 November 2004.

( Not taking into account Stamp Duty, Legal Fees and any Estate Agency fees )

M21er

Any inaccuracies, errors or suggestions, please PM me - To see this result on your Twitter feed: Follow @M21er

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Summary of Results

I have now summarised the results for today's auction.

In terms of the numbers of properties where we have direct comparisons with previous sales, this auction is better than earlier ones, in that we have Last Sales Prices for 40 of the 79 lots. Of these 40 lots, three were Sold Prior, three were Withdrawn, six attractedNo Bids and one lot ( Lot 15 ) wasn't matched on the LiveLink. This means that we had 27 lots through the auction today with Last Sale Prices - 11 showing a profit and 16 a loss.

In common with last week's auction ( Manchester & North West ) I think it's fair to say that a lot these properties were not in the most desirable areas - These areas appear to be the types of areas within the North West that are now showing some large drops from 2005 - 2008 prices.

In order to be confident of selling for substantially higher than prchase price, the purchase needs to be made prior to 2001 - 2003.

M21er

Summary ( Includes both Sold and Unsold Lots ) From: Edward Mellor Auction 2:00PM, Wednesday 2 May 2012

Biggest Winners ( £ )

1 Lot 6 202 Barlow Road Levenshulme M19 3HF £54,500 351.61% ( Result: Sold £70,000, Purchased for £15,500 on 5 April 2001 )

2 Lot 2 129a Liverpool Road Eccles M44 6DP £40,000 173.91% ( Result: Sold £63,000, Purchased for £23,000 on 3 July 2003 )

3 Lot 39 47 Arbory Avenue Moston M40 5HF £35,000 134.62% ( Result: Sold £61,000, Purchased for £26,000 on 7 June 1995 )

4 Lot 46 12 Nada Lodge Crumpsall M8 5DZ £30,000 120.00% ( Result: Unsold £55,000, Purchased for £25,000 on 31 March 2005 )

5 Lot 67 163 Ladybridge Road Cheadle Hulme SK8 5PL £29,000 36.71% ( Result: Sold £108,000, Purchased for £79,000 on 15 September 1999 )

6 Lot 12 The Nook 3 Offerton Fold Stockport SK2 5QA £20,000 28.57% ( Result: Sold £90,000, Purchased for £70,000 on 5 March 2012 )

7 Lot 3 203 Barrington Street Clayton M11 4FB £17,000 47.22% ( Result: Sold £53,000, Purchased for £36,000 on 16 November 2004 )

8 Lot 9 33 Stokes Street Clayton M11 4SJ £14,000 38.89% ( Result: Sold £50,000, Purchased for £36,000 on 16 November 2004 )

9 Lot 5 12 Tottington Street Clayton M11 4WT £7,000 15.56% ( Result: Sold £52,000, Purchased for £45,000 on 5 December 2005 )

10 Lot 23 14 Villiers Street Burnley BB11 5EH £6,000 32.43% ( Result: Sold £24,500, Purchased for £18,500 on 5 August 2005 )

11 Lot 52 26 Connie Street Openshaw M11 2JT £1,000 3.03% ( Result: Unsold £34,000, Purchased for £33,000 on 16 November 2004 )

Biggest Winners ( % )

1 Lot 6 202 Barlow Road Levenshulme M19 3HF £54,500 351.61% ( Result: Sold £70,000, Purchased for £15,500 on 5 April 2001 )

2 Lot 2 129a Liverpool Road Eccles M44 6DP £40,000 173.91% ( Result: Sold £63,000, Purchased for £23,000 on 3 July 2003 )

3 Lot 39 47 Arbory Avenue Moston M40 5HF £35,000 134.62% ( Result: Sold £61,000, Purchased for £26,000 on 7 June 1995 )

4 Lot 46 12 Nada Lodge Crumpsall M8 5DZ £30,000 120.00% ( Result: Unsold £55,000, Purchased for £25,000 on 31 March 2005 )

5 Lot 3 203 Barrington Street Clayton M11 4FB £17,000 47.22% ( Result: Sold £53,000, Purchased for £36,000 on 16 November 2004 )

6 Lot 9 33 Stokes Street Clayton M11 4SJ £14,000 38.89% ( Result: Sold £50,000, Purchased for £36,000 on 16 November 2004 )

7 Lot 67 163 Ladybridge Road Cheadle Hulme SK8 5PL £29,000 36.71% ( Result: Sold £108,000, Purchased for £79,000 on 15 September 1999 )

8 Lot 23 14 Villiers Street Burnley BB11 5EH £6,000 32.43% ( Result: Sold £24,500, Purchased for £18,500 on 5 August 2005 )

9 Lot 12 The Nook 3 Offerton Fold Stockport SK2 5QA £20,000 28.57% ( Result: Sold £90,000, Purchased for £70,000 on 5 March 2012 )

10 Lot 5 12 Tottington Street Clayton M11 4WT £7,000 15.56% ( Result: Sold £52,000, Purchased for £45,000 on 5 December 2005 )

11 Lot 52 26 Connie Street Openshaw M11 2JT £1,000 3.03% ( Result: Unsold £34,000, Purchased for £33,000 on 16 November 2004 )

Biggest Losers ( £ )

1 Lot 75 9 Hatton Street Longsight M12 4NZ £51,500 49.05% ( Result: Sold £53,500, Purchased for £105,000 on 6 June 2008 )

2 Lot 45 19 Church Road Northenden M22 4NN £32,500 27.08% ( Result: Sold £87,500, Purchased for £120,000 on 9 July 2007 )

3 Lot 70 6 East View Bacup OL13 8AX £23,000 53.49% ( Result: Sold £20,000, Purchased for £43,000 on 28 May 2004 )

4 Lot 19 48 Swinburn Street Blackley M9 4FS £18,000 40.00% ( Result: Sold £27,000, Purchased for £45,000 on 5 December 2005 )

5 Lot 31 111 Escrick Road Bolton BL1 3JB £17,000 23.61% ( Result: Unsold £55,000, Purchased for £72,000 on 9 April 2008 )

6 Lot 28 42 Greenside Street Openshaw M11 2GU £15,000 33.33% ( Result: Sold £30,000, Purchased for £45,000 on 15 December 2004 )

7 Lot 51 79 Scotland Street Newton Heath M40 1LE £13,500 35.06% ( Result: Sold £25,000, Purchased for £38,500 on 16 December 2004 )

8 Lot 74 54 Canada Street Newton Heath M40 8AE £10,000 22.22% ( Result: Sold £35,000, Purchased for £45,000 on 5 December 2005 )

9 Lot 42 216 Lees Street Abbey Hey M18 8QN £8,500 15.74% ( Result: Sold £45,500, Purchased for £54,000 on 29 September 2006 )

10 Lot 43 6 Highfield Avenue Colne BB8 7PB £8,500 15.45% ( Result: Sold £46,500, Purchased for £55,000 on 24 April 2007 )

11 Lot 20 10 Kenilworth Drive Leigh WN7 2YH £6,000 17.14% ( Result: Unsold £29,000, Purchased for £35,000 on 9 February 2004 )

12 Lot 26 12 Anchor Grove Darwen BB3 0BA £5,500 9.82% ( Result: Sold £50,500, Purchased for £56,000 on 5 December 2005 )

13 Lot 63 129 Mitchell Street Newton Heath M40 2TJ £5,000 13.16% ( Result: Unsold £33,000, Purchased for £38,000 on 16 November 2004 )

14 Lot 56 34 Colliery Street Openshaw M11 2AP £4,950 12.71% ( Result: Unsold £34,000, Purchased for £38,950 on 16 December 2004 )

15 Lot 44 33 Eagle Street Nelson BB9 8HQ £2,000 9.09% ( Result: Sold £20,000, Purchased for £22,000 on 6 May 2005 )

16 Lot 27 11 Pioneer Street Clayton M11 4EQ £500 1.27% ( Result: Unsold £39,000, Purchased for £39,500 on 16 November 2004 )

Biggest Losers ( % )

1 Lot 70 6 East View Bacup OL13 8AX £23,000 53.49% ( Result: Sold £20,000, Purchased for £43,000 on 28 May 2004 )

2 Lot 75 9 Hatton Street Longsight M12 4NZ £51,500 49.05% ( Result: Sold £53,500, Purchased for £105,000 on 6 June 2008 )

3 Lot 19 48 Swinburn Street Blackley M9 4FS £18,000 40.00% ( Result: Sold £27,000, Purchased for £45,000 on 5 December 2005 )

4 Lot 51 79 Scotland Street Newton Heath M40 1LE £13,500 35.06% ( Result: Sold £25,000, Purchased for £38,500 on 16 December 2004 )

5 Lot 28 42 Greenside Street Openshaw M11 2GU £15,000 33.33% ( Result: Sold £30,000, Purchased for £45,000 on 15 December 2004 )

6 Lot 45 19 Church Road Northenden M22 4NN £32,500 27.08% ( Result: Sold £87,500, Purchased for £120,000 on 9 July 2007 )

7 Lot 31 111 Escrick Road Bolton BL1 3JB £17,000 23.61% ( Result: Unsold £55,000, Purchased for £72,000 on 9 April 2008 )

8 Lot 74 54 Canada Street Newton Heath M40 8AE £10,000 22.22% ( Result: Sold £35,000, Purchased for £45,000 on 5 December 2005 )

9 Lot 20 10 Kenilworth Drive Leigh WN7 2YH £6,000 17.14% ( Result: Unsold £29,000, Purchased for £35,000 on 9 February 2004 )

10 Lot 42 216 Lees Street Abbey Hey M18 8QN £8,500 15.74% ( Result: Sold £45,500, Purchased for £54,000 on 29 September 2006 )

11 Lot 43 6 Highfield Avenue Colne BB8 7PB £8,500 15.45% ( Result: Sold £46,500, Purchased for £55,000 on 24 April 2007 )

12 Lot 63 129 Mitchell Street Newton Heath M40 2TJ £5,000 13.16% ( Result: Unsold £33,000, Purchased for £38,000 on 16 November 2004 )

13 Lot 56 34 Colliery Street Openshaw M11 2AP £4,950 12.71% ( Result: Unsold £34,000, Purchased for £38,950 on 16 December 2004 )

14 Lot 26 12 Anchor Grove Darwen BB3 0BA £5,500 9.82% ( Result: Sold £50,500, Purchased for £56,000 on 5 December 2005 )

15 Lot 44 33 Eagle Street Nelson BB9 8HQ £2,000 9.09% ( Result: Sold £20,000, Purchased for £22,000 on 6 May 2005 )

16 Lot 27 11 Pioneer Street Clayton M11 4EQ £500 1.27% ( Result: Unsold £39,000, Purchased for £39,500 on 16 November 2004 )

M21er

Note 1 The above Summary reflects the position at the close of the auction. Lots may subsequently have been sold which will not be reflected in the above Summary.

Any inaccuracies, errors or suggestions, please PM me

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...is this your way of officially calling the HPC....?....

It certainly looks like it in the North West of England - this is the second auction in a week which shows big losses from the peaks. Of course some individual properties may be showing losses as a result of their physical condition eg Fire Damage / Vandalism but overall the market is definitely down in these areas. From an anecdotal view, I'm not seeing similar large falls yet in the more popular areas of around me ( South Manchester ).... yet.

I'm looking to cover the Andrews & Robertson Auction | 8 May 2012 @12pm next week - this is a London based auction house and on a quick glance, all lots appear to be in London / South East.

It will be good to see some London market news as a comparison to NW England

M21er

Edit: Spelling

Edited by M21er
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Thanks again for all your work on this M21er.

Looks like this HPC is now starting in earnest as far as the auctions are concerned.

No wonder the LR don't include them in their figures.

Looking forward to seeing what goes on at next weeks auction.

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