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Auction | Barnard Marcus | + Auction House London

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Come back soon M21er. Things are set to get crashy, as MMR bites, and BTL income-lending rules, so perhaps more properties going straight to auction.

Mix of lots, including repossessions, perhaps landlords selling up or their lenders, and going from recent sold dates prior to entry to these auctions, inherited house, and perhaps flippers* - was reading on a landlord forum how some of them even buying at auction, and flipping them into a following auction. Buy-to-Sell. :rolleyes: Bubble.

Entries are mostly rough end housing stock, imo.

Bernard Marcus

Auction Date: Tuesday, 29 July 2014

Entries: http://www.barnardmarcusauctions.co.uk/Current_Auction.html

Auction House London
Auction Date: Wednesday, 30th July 2014
Entries: http://www.auctionhouselondon.co.uk/current_lots.php

*eg, and not the best possible flip example from those I looked at,

barnard marcus. Lot 118. Guide Price £110,000

= http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=30265848&sale=51108329&country=england

Sale Date: 28 Feb 2014. Price Paid: £125,000

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Actually Lot 75 at Bernard Marcus looks interesting, but will probably go for way more than guide.

Freehold Block Three Garage Development Potential Subject to Planning Permission Vacant

Guide Price: £135,000 Plus

Vendor: London Borough of Wandsworth

e938ee70-3e6c-42e9-b280-8ba09c4067f7.jpg

One house on road up for sale in that postcode at £3.5m. Sold prices for houses in that postcode: http://www.rightmove.co.uk/house-prices/SW11-6HZ.html

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Come back soon M21er. Things are set to get crashy, as MMR bites, and BTL income-lending rules, so perhaps more properties going straight to auction.

Mix of lots, including repossessions, perhaps landlords selling up or their lenders, and going from recent sold dates prior to entry to these auctions, inherited house, and perhaps flippers* - was reading on a landlord forum how some of them even buying at auction, and flipping them into a following auction. Buy-to-Sell. :rolleyes: Bubble.

Entries are mostly rough end housing stock, imo.

Bernard Marcus

Auction Date: Tuesday, 29 July 2014

Entries: http://www.barnardmarcusauctions.co.uk/Current_Auction.html

Auction House London

Auction Date: Wednesday, 30th July 2014

Entries: http://www.auctionhouselondon.co.uk/current_lots.php

*eg, and not the best possible flip example from those I looked at,

barnard marcus. Lot 118. Guide Price £110,000

= http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=30265848&sale=51108329&country=england

Sale Date: 28 Feb 2014. Price Paid: £125,000

Yes i liked M21er s Auction posts, lots of interesting info.

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How much can this one be worth:

http://www.auctionhouselondon.co.uk/auction-lot-details_EIG.php?id=19547&search=current

Nice area admittedly, but the lease has dipped below 70 years meaning it is going to be expensive to renew, AND it is subject to a lifetime tenancy at nil income.

I know people see property as the great miracle, but surely it takes someone pretty stupid to buy that unless it is dirt cheap?

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