mowlem Posted February 6, 2018 Author Share Posted February 6, 2018 NOTHING SELLS ON THE DAY!!!!!! 15 lots. 2 sold prior https://www.eigpropertyauctions.co.uk/live-stream/auction/auction-house-thames-valley Wow........ Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 6, 2018 Share Posted February 6, 2018 (edited) 3 hours ago, mowlem said: NOTHING SELLS ON THE DAY!!!!!! 15 lots. 2 sold prior https://www.eigpropertyauctions.co.uk/live-stream/auction/auction-house-thames-valley Wow........ Very Interesting. I was looking at Clive Emsons Kent auction today (first 30 lots) and it appeared very strong with lots going above guide. Looks like the market is very location-specific at the moment. https://www.eigpropertyauctions.co.uk/live-stream/auction/clive-emson-kent-south-east-london Edited February 6, 2018 by GreenDevil Quote Link to comment Share on other sites More sharing options...
mowlem Posted February 8, 2018 Author Share Posted February 8, 2018 At Strettons auction today, mainly freehold ground rents. Actual houses were lots 1-25. Of these, 8 were sold on the day, 2 sold prior, 2 withdrawn. Not good. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted February 8, 2018 Share Posted February 8, 2018 1 hour ago, mowlem said: At Strettons auction today, mainly freehold ground rents. Actual houses were lots 1-25. Of these, 8 were sold on the day, 2 sold prior, 2 withdrawn. Not good. linky? Quote Link to comment Share on other sites More sharing options...
mowlem Posted February 13, 2018 Author Share Posted February 13, 2018 http://www.strettons.co.uk/services/auctions/online-catalogue/ Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 22, 2018 Share Posted February 22, 2018 On 2/6/2018 at 1:08 PM, mowlem said: NOTHING SELLS ON THE DAY!!!!!! 15 lots. 2 sold prior https://www.eigpropertyauctions.co.uk/live-stream/auction/auction-house-thames-valley Wow........ https://liveauctions.eigroup.co.uk/auction/show/26297 AR live london show, nothing selling. All falling under guide. Quote Link to comment Share on other sites More sharing options...
Patient London FTB Posted February 22, 2018 Share Posted February 22, 2018 1 hour ago, GreenDevil said: https://liveauctions.eigroup.co.uk/auction/show/26297 AR live london show, nothing selling. All falling under guide. Lot 56 coming up now should be interesting. £250k for rights to roof space in Bermondsey to build a one-bed flat. Quote Link to comment Share on other sites More sharing options...
Patient London FTB Posted February 22, 2018 Share Posted February 22, 2018 10 minutes ago, Patient London FTB said: Lot 56 coming up now should be interesting. £250k for rights to roof space in Bermondsey to build a one-bed flat. Highest bid £243k. Unsold. Looked like there were three bidders, staying cautious. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 22, 2018 Share Posted February 22, 2018 8 minutes ago, Patient London FTB said: Highest bid £243k. Unsold. Looked like there were three bidders, staying cautious. The usual story. Cheap stuff up north selling. Nothing selling in the SE unless the reserve is at guide. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 22, 2018 Share Posted February 22, 2018 Haha, Freehold roadway in wales. whatever next? Unsurprisingly no bids. https://www.eigpropertyauctions.co.uk/lot/903393?sb=1 Quote Link to comment Share on other sites More sharing options...
Cosmic Apple Posted February 22, 2018 Share Posted February 22, 2018 10 minutes ago, GreenDevil said: Haha, Freehold roadway in wales. whatever next? Unsurprisingly no bids. https://www.eigpropertyauctions.co.uk/lot/903393?sb=1 Whats the thinking on that lot? Presumably all you buy is the responsibility to maintain them. No income stream as the units will have right of way? Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 22, 2018 Share Posted February 22, 2018 3 minutes ago, Cosmic Apple said: Whats the thinking on that lot? Presumably all you buy is the responsibility to maintain them. No income stream as the units will have right of way? Nothing but expense, maintenance, solicitors fees. There was no reserve and no bids. I guess its not even worth a fiver. Probably considered a ransom strip, though probably has another access if there was no interest. Wonder what theyll be selling next? A roofspace ? Oh hang on... Quote Link to comment Share on other sites More sharing options...
Cosmic Apple Posted February 22, 2018 Share Posted February 22, 2018 (edited) Wonder what the story is on this one: Lot 72 Portfolio of 5 flats and 11 garages in, Aylesbury, Didcot, Fleet & Twyford, Reading Unsold £35,000 Edit: Ground rent lot? Edited February 22, 2018 by Cosmic Apple Quote Link to comment Share on other sites More sharing options...
thewig Posted February 22, 2018 Share Posted February 22, 2018 49 minutes ago, GreenDevil said: Haha, Freehold roadway in wales. whatever next? Unsurprisingly no bids. https://www.eigpropertyauctions.co.uk/lot/903393?sb=1 paging "trainwreck"... good enough for a rental innit boyo Quote Link to comment Share on other sites More sharing options...
Timak Posted February 22, 2018 Share Posted February 22, 2018 Been following the auctions a lot recently. As others have said massive trend towards: Roof spaces Ground rent portfolios Garage blocks Freehold on roads London homes that don't sell as the reserves are too high Northern homes that cost less a lot than they'd cost to build HMOs selling with massively unrealistic rental yields; such as the house in 8 bedroom house in Hull rented out for £90k a year or the £1100 a month per room HMO on Edge Lane, Liverpool. My favourite game is to google the address of the houses that look decent but haven't sold. It is usually either a murder scene or the scene of a grooming gang. Best result was doing a street view on one of the houses and seeing the jailed owner standing outside it. Quote Link to comment Share on other sites More sharing options...
Patient London FTB Posted February 22, 2018 Share Posted February 22, 2018 1 hour ago, Timak said: My favourite game is to google the address of the houses that look decent but haven't sold. It is usually either a murder scene or the scene of a grooming gang. Best result was doing a street view on one of the houses and seeing the jailed owner standing outside it. Any idea why lot 5 didn't sell? No undesirables outside http://www.a-rpropertyauctions.co.uk/property-for-sale-by-auction/lot-details/45-chetwode-road-tooting-london-sw17 7rf/67703 Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 22, 2018 Share Posted February 22, 2018 8 minutes ago, Patient London FTB said: Any idea why lot 5 didn't sell? No undesirables outside http://www.a-rpropertyauctions.co.uk/property-for-sale-by-auction/lot-details/45-chetwode-road-tooting-london-sw17 7rf/67703 Most of the london stuff i saw was bid up to the guide price (which wasnt high enough) and was unsold. Ie vendors have too high expectations. Quote Link to comment Share on other sites More sharing options...
maverick73 Posted February 22, 2018 Share Posted February 22, 2018 4 minutes ago, GreenDevil said: Most of the london stuff i saw was bid up to the guide price (which wasnt high enough) and was unsold. Ie vendors have too high expectations. Yep. It feels like a stand off... so they either stay put until the frustration gets the better of them or they have no financial issues. The job market ia still helping to keep disruption to a minimum ? Quote Link to comment Share on other sites More sharing options...
thewig Posted February 22, 2018 Share Posted February 22, 2018 2 hours ago, Timak said: Been following the auctions a lot recently. As others have said massive trend towards: Roof spaces Ground rent portfolios Garage blocks Freehold on roads London homes that don't sell as the reserves are too high Northern homes that cost less a lot than they'd cost to build HMOs selling with massively unrealistic rental yields; such as the house in 8 bedroom house in Hull rented out for £90k a year or the £1100 a month per room HMO on Edge Lane, Liverpool. My favourite game is to google the address of the houses that look decent but haven't sold. It is usually either a murder scene or the scene of a grooming gang. Best result was doing a street view on one of the houses and seeing the jailed owner standing outside it. How do you tell from street view he’s been jailed? What am I missing here Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 22, 2018 Share Posted February 22, 2018 11 minutes ago, maverick73 said: Yep. It feels like a stand off... so they either stay put until the frustration gets the better of them or they have no financial issues. The job market ia still helping to keep disruption to a minimum ? Stuff not in the South east was selling. Quote Link to comment Share on other sites More sharing options...
Patient London FTB Posted February 22, 2018 Share Posted February 22, 2018 53 minutes ago, maverick73 said: Yep. It feels like a stand off... so they either stay put until the frustration gets the better of them or they have no financial issues. The job market ia still helping to keep disruption to a minimum ? Seems the only forced/motivated sellers are London councils Quote Link to comment Share on other sites More sharing options...
Timak Posted February 22, 2018 Share Posted February 22, 2018 2 hours ago, thewig said: How do you tell from street view he’s been jailed? What am I missing here Google the address, saw the article about the bloke who had been running a grooming gang from that property, looked at street view and saw him standing outside the house. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 22, 2018 Share Posted February 22, 2018 2 hours ago, Patient London FTB said: Seems the only forced/motivated sellers are London councils Yes, that was the only stuff where the reserve was at guide Quote Link to comment Share on other sites More sharing options...
Timak Posted March 14, 2018 Share Posted March 14, 2018 http://www.barnardmarcusauctions.co.uk/Auction-Results.html Massacre yesterday (maybe a bit hyperbolic but this is HPC) but this was hopefully a wake up call to a lot of people. London stuff is not selling without a big discount to 2017 values (still way higher than it should be) and "investment" houses in places like Cornwall and Northants seem to be 20-50% less than they sold for as new builds 10 years ago. https://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=905355&a=5&c=brn sold for £142k new - now £85k I see the same houses coming up again and again chasing the market down - this one looks a lot of house for the money now but I've seen the "buy it now" drop by £200k over the last few months and still no takers. https://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=905152&a=5&c=brn Extra 3% stamp duty and changes to BTL seem to be working, at least in auctions. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 14, 2018 Share Posted March 14, 2018 10 minutes ago, Timak said: http://www.barnardmarcusauctions.co.uk/Auction-Results.html Massacre yesterday (maybe a bit hyperbolic but this is HPC) but this was hopefully a wake up call to a lot of people. London stuff is not selling without a big discount to 2017 values (still way higher than it should be) and "investment" houses in places like Cornwall and Northants seem to be 20-50% less than they sold for as new builds 10 years ago. https://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=905355&a=5&c=brn sold for £142k new - now £85k I see the same houses coming up again and again chasing the market down - this one looks a lot of house for the money now but I've seen the "buy it now" drop by £200k over the last few months and still no takers. https://auctioneertemplates.eigroup.co.uk/LotDetails.aspx?LotID=905152&a=5&c=brn Extra 3% stamp duty and changes to BTL seem to be working, at least in auctions. Looks like lots of stuff being bid off the wall to just under reserve. Which effectively could mean no bidders. Quote Link to comment Share on other sites More sharing options...
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