Barnard Marcus auction results (rampers look away now)

[GreenDevil]

Just now, deadlyavenger said:

Regardless, it's still 50% off the 2004 price!!! Sh!t the bed!

HPC cometh

 

Good to see some transactions at very low prices, once they start moving through into the indices.....

[crazypabs]

Allsop auction in just 2 weeks...

http://www.auction.co.uk/residential/onlineCatalogue.asp

 

[moonriver]

3 minutes ago, GreenDevil said:

Audi convertble and VW transporter parked out front... Def not student then.

And it was described as "Detached" during the auction.

This is another nice property, not far from Saunderfoot/Tenby, huge loss again...

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=58292914&sale=71704629&country=england

4 Llys Y Brenin, Whitland, Carmarthenshire SA34 0AQ

Sold for £181,000, last sale was £310.000 in 2010.

I really think this auction will be a shock to many and indicates a big change in direction now.

The ones that did not sell this time round, what now? Chase the market down at the next auction?

 

[Sancho Panza]

4 minutes ago, deadlyavenger said:

Regardless, it's still 50% off the 2004 price!!! Sh!t the bed!

HPC cometh

Exactly....

4 minutes ago, GreenDevil said:

I dont know the area but aint that near stoke? Isnt that the 2nd cheapest place in UK (after durham)?.

 

17 miles away.Some parts of Staffs are really nice.

[monkeyprojects]

1 hour ago, Sancho Panza said:

Yeah,there were loads from Ferryhill.Very much resembled a firesale of a large local BTLer.Even on gross yields of near 20% there was little demand.Despite all the enticements such as 'this is no money',cheap at the price' etc etc

Watching the auctioneer scratching for £250 increments on one bed flats going for £16k in Bradford.............Ominous......

The problem with a 20% yield is that its only £4k a year for what could be a lot of hassle.

[moonriver]

This one looks not a bad buy - sold for £100,000 today.....a large 4 bed house in Skegness, close to seafront.

Lot number 165.

Last sold for £177,000 in 2004. 

http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=STREET^1713169&searchLocation=Roman+Bank&referrer=landingPage&addGoogleTagManager=true

396, Roman Bank, Skegness, Lincolnshire PE25 1RJ

£177,000

Semi-Detached, Freehold

24 Nov 2004

[shindigger]

This all chimes with my experience trying to find a buyer at the moment.

This is spring bounce territory.

Its completely dead.

Dead i tells ye....

[LC1]

Does anyone know how many of these kinds of auction happen each year, and where/when they are?

[spyguy]

1 hour ago, deadlyavenger said:

Regardless, it's still 50% off the 2004 price!!! Sh!t the bed!

HPC cometh

Most beds in Bournemouth are shat in, daily almost.

Its that sort of place.

[spyguy]

48 minutes ago, shindigger said:

This all chimes with my experience trying to find a buyer at the moment.

This is spring bounce territory.

Its completely dead.

Dead i tells ye....

Well..... BTL have been rpoviding the liquidity/transactoins for the last 10 years.

Most chains have relied on some dumb IO BTLer to complete.

There are no IO BTLers any more, ergo, few transaction.

Ive been looking at transaction in a few postcodes. Even though the nubmers have been on the floor for years, what little there was stopped around November 16.

And, I aI pointed out, IR are turning now.

 

 

 

 

[Cosmic Apple]

1 hour ago, shindigger said:

This all chimes with my experience trying to find a buyer at the moment.

This is spring bounce territory.

Its completely dead.

Dead i tells ye....

Still seems fairly buoyant in West Yorkshire, at least if anything is reasonably* priced. Had a notice on the 3rd of 2 places that matched my filters (fairly wide admittedly). One I was interested in and viewed. Offered on Saturday but they went with a higher offer I was told today. Anything that isn't special or reasonably* priced is sticky though.

I'm on the verge of losing the faith that the market will turn... maybe in a few years I'll be glad I didn't get that place, though it was right for us in so many ways  

 

* in comparison to everything else around it rather than to any actual value to earnings metrics

[Sancho Panza]

1 hour ago, moonriver said:

This one looks not a bad buy - sold for £100,000 today.....a large 4 bed house in Skegness, close to seafront.

Lot number 165.

Last sold for £177,000 in 2004. 

http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=STREET^1713169&searchLocation=Roman+Bank&referrer=landingPage&addGoogleTagManager=true

396, Roman Bank, Skegness, Lincolnshire PE25 1RJ

£177,000

Semi-Detached, Freehold

24 Nov 2004

Dare I say it?

 

Wow!

[Sancho Panza]

34 minutes ago, spyguy said:

Well..... BTL have been rpoviding the liquidity/transactoins for the last 10 years.

Most chains have relied on some dumb IO BTLer to complete.

There are no IO BTLers any more, ergo, few transaction.

Ive been looking at transaction in a few postcodes. Even though the nubmers have been on the floor for years, what little there was stopped around November 16.

And, I aI pointed out, IR are turning now.

 

 

 

 

US ten year at 2.55%

[Sancho Panza]

51 minutes ago, LC1 said:

Does anyone know how many of these kinds of auction happen each year, and where/when they are?

https://www.eigpropertyauctions.co.uk/search/future-auctions

[LC1]

10 minutes ago, Sancho Panza said:

https://www.eigpropertyauctions.co.uk/search/future-auctions

Fantastic, thanks!

[Sancho Panza]

11 minutes ago, Northern Welsh Midlander said:

Still seems fairly buoyant in West Yorkshire, at least if anything is reasonably* priced. Had a notice on the 3rd of 2 places that matched my filters (fairly wide admittedly). One I was interested in and viewed. Offered on Saturday but they went with a higher offer I was told today. Anything that isn't special or reasonably* priced is sticky though.

I'm on the verge of losing the faith that the market will turn... maybe in a few years I'll be glad I didn't get that place, though it was right for us in so many ways  

 

* in comparison to everything else around it rather than to any actual value to earnings metrics

From the price/volume thread,the regions are holding up where the credit market is concerned.Prime London is falling.

At auctions where you're effectively dealing with the cash market,things have clearly deteriorated of late.A lot of properties bid up to reserve and then left unsold.A lot taking losses.

[Sancho Panza]

Just now, LC1 said:

Fantastic, thanks!

Just be wary some of them are quite small affairs ie 20 odd houses.Others,like the one today are 100 lots+

[Sancho Panza]

Apologies for long post.Just interesting to see results and how close so many bidders came to the reserves...............

http://www.barnardmarcusauctions.co.uk/Auction-Results.html

Lot No.	Address	Result
1	35 Priory Avenue, Wembley, Middlesex, HA0 2SB	Sold for £386,000
2	Flat 4, 263 Valley Road, Streatham, London, SW16 2AB	Unsold, the last bid was £325,000 and is available at £335,000
3	592A Kings Road, Fulham, London, SW6 2DX	Unsold, the last bid was £450,000 and is available at £475,000
4	9 Knoll Drive, Southgate, London, N14 5LU	Sold for £480,000
5	Flat 2, 59 Oxford Road, Ealing, London, W5 3SR	Unsold, the last bid was £570,000 and is available at £580,000
6	67 Old Kent Road, Southwark, London, SE1 4RF	Sold Prior to auction, for an undisclosed amount
7	26 Queens Walk, Harrow, Middlesex, HA1 1XS	Sold for £530,000
8	149 Lyle Court, 149-219 Lilleshall Road, Morden, Surrey, SM4 6DT	Sold for £162,000
9	169 Lyle Court, 149-219 Lilleshall Road, Morden, Surrey, SM4 6DT	Sold for £174,000
10	436, 438 & 440 Brighton Road, South Croydon, Surrey, CR2 6AP	Unsold, the last bid was £498,000 and is available at £525,000
11	Flat D, 151 Amhurst Road, Hackney, London, E8 2AW	Sold for £365,000
12	23 Upton Park Road, Forest Gate, London, E7 8JY	Sold for £385,000
13	31 Groom Crescent, Wandsworth, London, SW18 3JB	Sold Prior to auction, for an undisclosed amount
14	Flat D, 9 Saratoga Road, Clapton, London, E5 0SJ	Unsold, the last bid was £321,000 and is available at £325,000
15	61 Lister Road, Leytonstone, London, E11 3DS	Sold for £538,000
16	85 Odhams Walk, Covent Garden, London, WC2H 9SE	Sold for £900,000
16A	Flat 48, 105 Hallam Street, Marylebone, London, W1W 5HE	Sold for £120,000
16B	Site at Hurstbourne Road (rear of 66 Vancouver Road), Forest Hill, London, SE23 2AH	Withdrawn Prior to Auction
17	Land off Shooters Hill, Reading Road, Streatley-on-Thames, West Berkshire, RG8 9NA	Unsold, the last bid was £39,000 and is available at £50,000
18	Flat 58, Eugene Cotter House, Beckway Street, Walworth, London, SE17 1QS	Unsold, the last bid was £293,000 and is available at £300,000
19	Flat 11, 234 Dalston Lane, Hackney, London, E8 1LA	Sold for £159,000
20	40-42 Clarence Road, Clapton, London, E5 8HB	Sold Prior to auction, for an undisclosed amount
21	58 Pennethorne Road, Peckham, London, SE15 5TQ	Withdrawn Prior to Auction
22	206 Tiverton Road, Tottenham, London, N15 6RS	Sold for £326,000
23	64 Rolls Park Avenue, Chingford, London, E4 9DQ	Sold for £285,000
24	Flat 25, Forset Court, Edgware Road, Bayswater, London, W2 2RD	Withdrawn Prior to Auction
25	2A Connaught Court, Connaught Street, Bayswater, London, W2 2AJ	Unsold, the last bid was £288,500 and is available at £295,000
26	Flat 105, Holland Road, Kensington, London, W14 8HS	Unsold, the last bid was £650,000 and is available at £695,000
27	Garage(s) at Gayhurst Road, Hackney, London, E8 3EH	Sold for £134,000
28	Red Lodge, Ringshall Road, Ringshall, Berkhamsted, Hertfordshire, HP4 1ND	Sold for £130,000
29	White Lodge, Ringshall Road, Ringshall, Berkhamsted, Hertfordshire, HP4 1ND	Sold for £91,000
30	24A Florian Road, Putney, London, SW15 2NL	Sold Prior to auction, for an undisclosed amount
31	79 Catford Hill, Catford, London, SE6 4PW	Sold for £350,000
32	Garage(s) at Beulah Road (Rear of 123 Grove Road), Walthamstow, London, E17 9BU	Sold for £229,000
33	Flat 102, Forset Court, Edgware Road, Bayswater, London, W2 2RF	Withdrawn Prior to Auction
34	26 Kepler Road, Clapham, London, SW4 7PG	Unsold, the last bid was £840,000 and is available at £855,000
35	49 Holland Road, Kensington, London, W14 8HL	Unsold, the last bid was £3,700,000. Please refer to Auctioneer for Reserve
36	Flat 1, 110 Harberton Road, Upper Holloway, London, N19 3JP	Withdrawn Prior to Auction
37	5A Ulverstone Road, West Norwood, London, SE27 0AJ	Sold for £300,000
38	Flat 4, Frensham Court, Phipps Bridge Road, Mitcham, Surrey, CR4 3PG	Sold for £140,000
39	Flat 1, 697 Commercial Road, Limehouse, London, E14 7LA	Sold for £424,000
40	Flat 1, 188 Royal College Street, Camden, London, NW1 9NN	Unsold, the last bid was £400,000 and is available at £450,000
41	Flat 76, The Beckers, Rectory Road, Stoke Newington, London, N16 7QU	Sold for £190,000
42	29 Norbury Cross, Norbury, London, SW16 4JG	Sold for £362,000
43	4 Elrose Mansions, Staines Road, Twickenham, Middlesex, TW2 5AJ	Sold for £346,000
44	26 Fullers Avenue, Surbiton, Surrey, KT6 7TE	Unsold, the last bid was £410,000 and is available at £425,000
45	32 Fullers Avenue, Surbiton, Surrey, KT6 7TE	Sold Prior to auction, for an undisclosed amount
46	Land off Station Road, Brize Norton, Carterton, Oxfordshire, OX18 3QA	Unsold, the last bid was £215,000 and is available at £350,000
47	Lydgate House, Lydgate Lane, Sheffield, South Yorkshire, S10 5FH	Unsold, the last bid was £896,000 and is available at £950,000
48	412 Liverpool Road, Eccles, Manchester, Lancashire, M30 7HA	Sold for £772,000
49	18 Apartments at The Pines, 14-20 Pine Street, Heywood, Lancashire, OL10 1FJ	Sold for £1,200,000
50	Carr House, Doncaster Road, Goldthorpe, Rotherham, South Yorkshire, S63 9HL	Unsold, the last bid was £331,000 and is available at £350,000
51	75-97 Fairfield Road, Middleton, Manchester, Lancashire, M24 4FZ	Sold for £325,000
52	Land off Haslingden Road, Blackburn, Lancashire, BB2 3HJ	Unsold, the last bid was £1,400,000 and is available at £1,500,000
53	Axholme House, 125 Thorne Road, Doncaster, South Yorkshire, DN2 5BQ	Unsold, the last bid was £535,000 and is available at £590,000
54	33 Hambleton Drive, Halifax, West Yorkshire, HX2 8TD	Sold for £49,000
55	40 Wisley Road, Orpington, Kent, BR5 3DS	Unsold, the last bid was £258,000 and is available at £275,000
56	Roundabout Cottage, High Hill Grove, Settle, North Yorkshire, BD24 9QP	Unsold, the last bid was £101,000 and is available at £115,000
57	41 Athol Drive, St. Georges, Telford, Shropshire, TF2 9DN	Sold for £79,000
58	28 Egmont Road, Hove, East Sussex, BN3 7FP	Sold for £240,000
59	Planning overage rights across land off Nursery Lane, Maresfield, Uckfield, East Sussex, TN22 3BW	Sold for £15,500
60	Land adjoining Broadlawns, Whitebread Lane, Beckley, Rye, East Sussex, TN31 6TY	Unsold, the last bid was £99,000 and is available at £150,000
61	1 Grove Cottages, Willingford Lane, Burwash Weald, Etchingham, East Sussex, TN19 7HR	Sold for £282,000
62	29 Elm Road, Erith, Kent, DA8 2NN	Sold for £232,000
63	58 Whiting Crescent, Faversham, Kent, ME13 7WB	Sold Prior to auction, for an undisclosed amount
64	Planning overage rights acros land adjoining 72 Copthorne Road, Felbridge, East Grinstead, West Sussex, RH19 2NU	Sold Prior to auction, for an undisclosed amount
65	Flat 4 Carrie House, Lesley Place, Buckland Hill, Maidstone, Kent, ME16 0UD	Sold for £59,000
66	Flat 8, Ruth House, Lesley Place, Buckland Hill, Maidstone, Kent, ME16 0UB	Sold for £65,000
67	Plot 45 "The Bartleys", off Hook Road, North Warnborough, Hook, Hampshire, RG29 1HD	Sold for £14,000
68	Plot 47 "The Bartleys", off Hook Road, North Warnborough, Hook, Hampshire, RG29 1HD	Sold for £6,000
69	Plot 47A "The Bartleys", off Hook Road, North Warnborough, Hook, Hampshire, RG29 1HD	Sold for £8,500
70	Plot 49 "The Bartleys", off Hook Road, North Warnborough, Hook, Hampshire, RG29 1HD	Sold for £6,000
71	Plot 49A "The Bartleys", off Hook Road, North Warnborough, Hook, Hampshire, RG29 1HD	Sold for £5,750
72	Plot 50 "The Bartleys", off Hook Road, North Warnborough, Hook, Hampshire, RG29 1HD	Sold for £6,000
73	Plot 50A "The Bartleys", off Hook Road, North Warnborough, Hook, Hampshire, RG29 1HD	Sold for £6,250
74	24 Corran Way, South Ockendon, Essex, RM15 6AL	Sold for £156,000
75	14A Lower Mardyke Avenue, Rainham, Essex, RM13 8PP	Sold for £286,000
76	Flat A, 21 Valkyrie Road, Westcliff-on-Sea, Essex, SS0 8BY	Sold for £95,000
77	Flat D, 21 Valkyrie Road, Westcliff-on-Sea, Essex, SS0 8BY	Sold for £86,500
78	Flat 37, Dexter House, 3 Kale Road, Erith, Kent, DA18 4BD	Unsold
79	19B Knighton Road, Romford, Essex, RM7 9BS	Unsold, the last bid was £218,000 and is available at £220,000
80	Land off Rectory Lane, Pulborough, West Sussex, RH20 2AD	Unsold, the last bid was £86,000 and is available at £100,000
81	Former Church at Oldminster Road, Sharpness, Berkeley, Gloucestershire, GL13 9NB	Unsold, the last bid was £124,000 and is available at £125,000
82	6 Bank Terrace, Simonstone, Burnley, Lancashire, BB12 7NW	Sold for £121,000
83	Land off Southwick Road, North Boarhunt, Fareham, Hampshire, PO17 6JF	Unsold, the last bid was £78,000 and is available at £99,000
84	Land south of Royston Road, Wendens Ambo, Saffron Walden, Essex, CB11 4JY	Unsold, the last bid was £105,000 and is available at £165,000
85	Flat 7, Station Court, 140A High Street, Godalming, Surrey, GU7 1AB	There were no bids but is available at £200,000
86	Planning overage rights across land off M3 (junction 5) plot A, Hook, Hampshire, RG29 1UF	Sold for £20,500
87	Planning overage rights across land at Hook, Hampshire, RG29 1UF	Sold for £9,000
88	17, Centrika, Bath Road, Slough, Berkshire, SL1 3SL	Unsold, the last bid was £182,000 and is available at £200,000
89	Plot 1, off Ringshall Road, Ringshall, Berkhamsted, Hertfordshire, HP4 1ND	Sold for £30,000
90	Plot 2, off Ringshall Road, Ringshall, Berkhamsted, Hertfordshire, HP4 1ND	Sold for £25,500
91	Plot 3, off Ringshall Road, Ringshall, Berkhamsted, Hertfordshire, HP4 1ND	Unsold, the last bid was £18,500 and is available at £30,000
92	Plot 4, off Ringshall Road, Ringshall, Berkhamsted, Hertfordshire, HP4 1ND	Unsold, the last bid was £18,000 and is available at £30,000
93	Plot 5, off Ringshall Road, Ringshall, Berkhamsted, Hertfordshire, HP4 1ND	Sold for £20,250
94	Plot 6, off Ringshall Road, Ringshall, Berkhamsted, Hertfordshire, HP4 1ND	Sold for £18,000
95	4 New Meadow, Ascot, Berkshire, SL5 8NF	Sold Prior to auction, for an undisclosed amount
96	Cheriton, Tannery Lane, Send, Woking, Surrey, GU23 7EF	Unsold, the last bid was £475,000 and is available at £500,000
96A	46A Durham Rise, Plumstead, London, SE18 7TE	Withdrawn Prior to Auction
96B	3 Eskmont Ridge, Norwood, London, SE19 3PZ	Unsold, the last bid was £177,000 and is available at £190,000
96C	Mill Copse, Mill Close, Haslemere, Surrey, GU27 3DW	Sold for £46,500
96D	Mill Copse, Mill Close, Haslemere, Surrey, GU27 3DW	Sold for £53,000
97	Land off Horsham Road, Walliswood, Dorking, Surrey, RH5 5QD	Sold for £174,000
98	9 Heath Villas, Queens Place, Ascot, Berkshire, SL5 7JD	Unsold, the last bid was £390,000 and is available at £400,000
99	Thatched Bungalow, Church Path, Hook, Hampshire, RG27 9LY	Sold for £219,000
100	The Gables Nursing Home, Ifield Green, Ifield, Crawley, West Sussex, RH11 0NU	Unsold, the last bid was £1,675,000 and is available at £1,795,000
101	Land off Rollswood Road, Welwyn, Hertfordshire, AL6 9TX	Unsold, the last bid was £199,000 and is available at £225,000
102	Plots 191-194 inclusive, East Park Farm North, East Park Lane, Newchapel, Lingfield, Surrey, RH7 6HS	Sold for £4,000
103	Plot 3 Heol y Pentre, Ponthenry, Llanelli, Dyfed, SA15 5NS	Unsold, the last bid was £7,000 and is available at £8,500
104	10C Montgomery Street, Larkhall, Lanarkshire, ML9 2AA	Sold for £30,000
105	24 Newtown Street, Duns, Berwickshire, TD11 3DT	Unsold, the last bid was £186,000 and is available at £200,000
106	24 Halford Street, Thrapston, Kettering, Northamptonshire, NN14 4LA	Sold for £110,000
107	25 Westcott Terrace, Ferryhill, County Durham, DL17 8NS	Sold for £23,000
108	229 Alexandra Road, Ashington, Northumberland, NE63 9LB	Unsold, the last bid was £29,000 and is available at £32,500
109	54 New Street, Shrewsbury, Shropshire, SY3 8JQ	Sold for £162,000
110	2 Arthur Street, Chilton, Ferryhill, County Durham, DL17 0PZ	Sold for £25,000
111	30 Warren Street, Horden, Peterlee, County Durham, SR8 4NA	Sold for £24,000
112	5 George Street, Ferryhill, County Durham, DL17 0DT	Sold for £23,000
113	4 St. Philip's Way, Islington, London, N1 7AJ	Unsold, the last bid was £1,050,000 and is available at £1,100,000
114	9 George Street, Ashington, Northumberland, NE63 9HJ	Sold for £15,500
115	9A George Street, Ashington, Northumberland, NE63 9HJ	Unsold, the last bid was £18,500 and is available at £20,000
116	8 Kelvin Street, Ferryhill, County Durham, DL17 8PB	Sold for £20,000
117	14 West Chilton Terrace, Chilton, Ferryhill, County Durham, DL17 0HH	Sold for £23,500
118	16 West Chilton Terrace, Chilton, Ferryhill, County Durham, DL17 0HH	Sold for £21,000
119	25 Poplar Terrace, West Cornforth, Ferryhill, County Durham, DL17 9EL	Sold for £29,000
120	20 Tenth Street, Blackhall Colliery, Hartlepool, Cleveland, TS27 4EY	Sold for £25,000
121	31 High Street, Ferryhill, County Durham, DL17 0AG	Sold for £20,000
122	76 Gladstone Street, Blyth, Northumberland, NE24 1HU	Sold for £23,000
123	417 Colonnade House, Sunbridge Road, Bradford, West Yorkshire, BD1 2HQ	Sold for £16,000
124	7 Riversdale House, Stakeford, Choppington, Northumberland, NE62 5LG	Unsold, the last bid was £14,750 and is available at £18,000
125	61 Brookside, Carlisle, Cumbria, CA2 7JR	Sold for £34,000
126	17 Station Road West, Trimdon Station, County Durham, TS29 6BP	Sold for £26,500
127	10 Smithy Close, Barlestone, Nuneaton, Warwickshire, CV13 0HG	Unsold, the last bid was £186,000 and is available at £200,000
128	21 Windsor Way, Broughton, Brigg, South Humberside, DN20 0EW	Sold for £89,000
129	148 Hebble Lane, Halifax, West Yorkshire, HX3 5JL	Sold for £111,000
130	63 Erringden Road, Hebden Bridge, West Yorkshire, HX7 5AR	Sold for £101,000
131	Ashgrove, 1A Bolckow Street, Skelton-in-Cleveland, Saltburn-by-the-Sea, Cleveland, TS12 2AN	Unsold, the last bid was £78,500 and is available at £85,000
132	7 Chapel Street, Evenwood, Bishop Auckland, County Durham, DL14 9QY	Sold for £21,000
133	7 Haig Terrace, Ferryhill, County Durham, DL17 8NR	Sold for £20,000
134	12 New Row, Eldon, Bishop Auckland, County Durham, DL14 8UU	Sold for £21,000
135	14 Wesley Street, Coundon Grange, Bishop Auckland, County Durham, DL14 8UH	Sold for £16,000
136	20 Wesley Street, Coundon Grange, Bishop Auckland, County Durham, DL14 8UH	Sold for £22,500
136A	Glenroyd Lodge, 640 Newchurch Road, Bacup, Lancashire, OL13 0NH	Sold for £70,000
137	2 East Lea, Thornley, Durham, County Durham, DH6 3EA	Sold for £36,500
138	209 Lee Lane, Horwich, Bolton, Lancashire, BL6 7JJ	Unsold, the last bid was £90,000 and is available at £95,000
139	Flat 22, Lexington, 42 Chorlton Street, Manchester, Lancashire, M1 3HW	Sold for £150,000
140	31 Prior Street, Bootle, Merseyside, L20 4PS	Sold for £33,000
141	2 Duke Street, Garston, Liverpool, Merseyside, L19 2LT	Unsold, the last bid was £44,500 and is available at £45,000
142	179, 179A & 179B Poulton Road, Wallasey, Merseyside, CH44 9DG	Unsold, the last bid was £74,000 and is available at £75,000
143	125 Marled Hey, Liverpool, Merseyside, L28 0QR	Sold for £28,000
144	10 Haworth Close, Stretton, Alfreton, Derbyshire, DE55 6HG	Withdrawn Prior to Auction
145	33 Cringle Hall Road, Manchester, Lancashire, M19 2HU	Sold for £165,000
146	21 Phillip Way, Hyde, Cheshire, SK14 3QW	Sold for £49,500
147	201 Montgomery House, Demesne Road, Manchester, Lancashire, M16 8PH	Sold for £16,000
148	1M Montgomery House, Demesne Road, Manchester, Lancashire, M16 8PH	Sold for £15,500
149	Flat 3, Jubilee View, 1 King Street, Weymouth, Dorset, DT4 7BQ	Unsold, the last bid was £74,500 and is available at £80,000
150	1 Stockton Road, Swindon, Wiltshire, SN2 5DG	Sold for £101,000
151	41 Squires Court, Eaton Socon, St. Neots, Cambridgeshire, PE19 8PB	Sold Prior to auction, for an undisclosed amount
152	Yard Off the A30, AT SPREY MOOR Bolventor, Launceston, Cornwall, PL15 7TY	Unsold, the last bid was £6,250 and is available at £6,500
153	Flat 6 Bartholomew House, Bartholomew Street West, Exeter, Devon, EX4 3AJ	Unsold, the last bid was £197,000 and is available at £200,000
154	Flat 1, 2-4 Thurlow Road, Torquay, Devon, TQ1 3DZ	Sold for £36,000
155	Flat 1, Cromartie Point, Livermead Hill, Torquay, Devon, TQ2 6QY	Unsold, the last bid was £125,000 and is available at £130,000
156	8 New Road, Higher Brea, Camborne, Cornwall, TR14 9DD	Unsold, the last bid was £97,000 and is available at £100,000
157	7 Georgian Way, Bournemouth, Dorset, BH10 7BX	Sold for £142,000
158	44 Eighth Street, Horden, Peterlee, County Durham, SR8 4LY	Sold for £26,250
159	27 Eleventh Street, Horden, Peterlee, County Durham, SR8 4QQ	Sold for £24,750
160	34 Front Street East, Wingate, County Durham, TS28 5AG	Sold for £30,000
161	27 Elm Street, Stanley, County Durham, DH9 7EA	Sold for £19,000
162	Flat 2, 46 Hartington Street, Derby, Derbyshire, DE23 8EA	Unsold, the last bid was £27,000 and is available at £30,000
163	9 Barwick Street, Peterlee, County Durham, SR8 3SA	Sold for £19,750
164	Flat 1, 16 Park Crescent, Armley, Leeds, West Yorkshire, LS12 3NL	Sold for £35,000
165	396 Roman Bank, Skegness, Lincolnshire, PE25 1RJ	Sold for £100,000
166	45 Broadway, South Elmsall, Pontefract, West Yorkshire, WF9 2NF	Sold for £47,500
167	20 New Dock Road, Llanelli, Dyfed, SA15 2EL	Sold for £57,000
168	13 Newton Street, Ferryhill, County Durham, DL17 8PW	Sold for £20,750
169	37 Arthur Street, Crook, County Durham, DL15 9DU	Sold for £25,250
170	78 East Lea, Newbiggin-by-the-Sea, Northumberland, NE64 6BH	Sold for £30,500
171	152 Skipton Close, Newton Aycliffe, County Durham, DL5 7EG	Sold for £30,500
172	241 Scott Place, Newton Aycliffe, County Durham, DL5 7NR	Sold for £36,000
172A	55 Willow Road, Ferryhill, County Durham, DL17 8DR	Sold for £30,000
172B	80 East Lea, Newbiggin-by-the-Sea, Northumberland, NE64 6BH	Sold for £28,000
172C	47 High Hope Street, Crook, County Durham, DL15 9JB	Sold for £24,250
172D	17 Ferversham Terrace, Ferryhill, County Durham, DL17 0BW	Unsold, the last bid was £19,750 and is available at £20,000
172E	37 Whinlatter Place, Newton Aycliffe, County Durham, DL5 7DR	Sold for £35,500
173	107 Stockton Road, Hartlepool, Cleveland, TS25 1SJ	Sold for £34,000
174	2 Stokoes Buildings, Leadgate, Consett, County Durham, DH8 6DW	Unsold, the last bid was £27,750 and is available at £28,000
175	Flat 2, 17 Chapel Street, Llandudno, Gwynedd, LL30 2SY	Sold for £51,000
176	4 Llys y Brenin, Whitland, Dyfed, SA34 0AQ	Sold for £181,000
177	Flat 2, 23 Belgrave Road, Colwyn Bay, Clwyd, LL29 8EY	Sold for £22,000
178	Lancaster House, Newtoft Business Park, Newtoft, Market Rasen, Lincolnshire, LN8 3WA	Sold for £65,000
179	The Old Vicarage, Dove Lane, Rocester, Uttoxeter, Staffordshire, ST14 5LA	Unsold, the last bid was £525,000 and is available at £550,000
180	Flat 256, Altolusso, Bute Terrace, Cardiff, South Glamorgan, CF10 2FH	Sold for £135,500
181	21 Old Road, Bradford, West Yorkshire, BD7 4PJ	Sold for £125,000
182	20 Meadowdale Close, Middlesbrough, Cleveland, TS2 1TJ	Sold for £30,000
183	18 Joseph Street, Holme Lane, Bradford, West Yorkshire, BD4 0PT	Sold for £57,000
184	72 Lumley Avenue, Skegness, Lincolnshire, PE25 2TH	Unsold, the last bid was £57,000 and is available at £60,000
185	16 Coquet Street, Chopwell, Newcastle upon Tyne, Tyne and Wear, NE17 7DA	Sold for £19,250
186	8 Oak Crescent, Havercroft, Wakefield, West Yorkshire, WF4 2QF	Sold for £70,000
187	355 Leeds Road, Huddersfield, West Yorkshire, HD2 1YB	Sold for £55,000
188	287 Broadway, Dunscroft, Doncaster, South Yorkshire, DN7 4HS	Sold for £55,000
189	21A Hale Carr Lane, Heysham, Morecambe, Lancashire, LA3 2AE	Sold for £55,000
190	Flat 5, Newland House, Beverley Road, Hull, North Humberside, HU5 1LX	Unsold, the last bid was £28,500 and is available at £30,000
191	21 Meadowdale Close, Middlesbrough, Cleveland, TS2 1TJ	Sold for £33,000
192	33 Balmoral Road, Melton Mowbray, Leicestershire, LE13 1JN	Unsold, the last bid was £172,000 and is available at £185,000
193	24 London Road, Hurst Green, Etchingham, East Sussex, TN19 7QP	Unsold, the last bid was £146,000 and is available at £160,000
194	38 Arthur Street, Mountain Ash, Mid Glamorgan, CF45 3BL	Unsold, the last bid was £37,000 and is available at £45,000

Edited March 13, 2017 by Sancho Panza

[honkydonkey]

Rather dodgy tactics clearly in play.

 

Edited March 13, 2017 by honkydonkey

[LC1]

11 minutes ago, honkydonkey said:

Rather dodgy tactics clearly in play.

 

How do the dodgy tactics work?

[honkydonkey]

3 minutes ago, LC1 said:

How do the dodgy tactics work?

Get a mate to bid your house right up to the reserve so it only requires one other bid to sell for the price you want.

Also gets some action in play, gets emotions going, bit of competition etc. I imagine it used to work quite well. If you set the reserve price quite high, ie higher than you even wanted then the shill knows exactly when to stop.

 

Is shill bidding illegal in the UK?

Trading standards officers warn it is illegal to push up a price artificially by biddingagainst yourself or by getting family or friends to do so. The process is known asshill bidding and breaks new European Union fair trading rules. Offences carry a maximum fine of £5,000 in UK law.20 Apr 2010

Edited March 13, 2017 by honkydonkey

[LC1]

9 minutes ago, honkydonkey said:

Get a mate to bid your house right up to the reserve so it only requires one other bid to sell for the price you want.

Ah, that old chestnut. I don't expect there's much effort to police it.

[honkydonkey]

5 minutes ago, LC1 said:

Ah, that old chestnut. I don't expect there's much effort to police it.

Well, they can't. The only way it can be policed is raising suspicions, but someone would have to be selling multiple properties for any pattern to be seen. Only then, could it possibly be worth investigating any links between the seller and bidder.

There's pretty much no downside, and in a crazy market like the past few years having a few shill bidders could be very profitable no doubt.

The fine is 5k. Auctions for houses can go up in amounts higher than that. There is literally no reason not to do it, other than the house not selling, but with a rising market, just do the same next month. In a falling market however.....the dynamics change.

Edited March 13, 2017 by honkydonkey

[Pop321]

Interesting the difference between North East and London. 

I may be a lone voice but Durham always looked a nice town to me. Well the centre. Of course my view might differ if I knew where these lots actually were. So I might be able to agree the 'houses are not worth £20k' but not sure where that leaves London. If it is wage comparisons then London has a long long drop ahead.

Never anything in my area at these London auctions but interesting to see sentiment falling.

A lot of cash buyers do attend but recently 'cash' meant borrowed on another house or main residence. Real cash buyers in the North have been away for a few years. They will wait until the BTL'er is on his knees and begs for someone to pull the trigger....even then the cash buyer will make a 50% offer ?

[GreenDevil]

Looks like the only bids were the shill bids...