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ebull

Savills auction today under 50% sold

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I count around 80 sold of 175 lots.

Surprised by flats in Battersea/Clapham over guide at 420k for 1 bed in need of total strip/refurb. Who the hell is still buying those at that price ? [lot 1 but 2 and 3 in similar location]

Also surprised at 150k for semis in Sheffield and Leeds [79A and B]. Seems reasonable but I don't know the areas.

At one point I heard the auctioneer comment:

"Houses for under 300k inside the M25. In a few years you'll never see those again."

https://auctions.savills.co.uk/Auctions/LotList?aid=1072

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5 hours ago, ebull said:

At one point I heard the auctioneer comment:

"Houses for under 300k inside the M25. In a few years you'll never see those again."

 

That's the point you want to let out a huge belly guffaw to embarrass him.

 

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7 hours ago, mrtickle said:

That's the point you want to let out a huge belly guffaw to embarrass him.

 

Or a loud fart.

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Hmmm forum beginning to sound like a high school classroom.

Wasn't there but streamed it [and recorded the second half. PM if you're bored enough to listen through and pick out some more auctioneer "wisdom". I cba atm.]

 

Edited by ebull
ETA: Was hoping someone would tell me if those cheap areas in Sheffield / Leeds were any good. I fancy a bolt hole up there and with an easier drive to parents etc.

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Lot 153 is a scruffy looking garage in a similar looking area of London which sold for 46K. It has a £7200 a year rental  income however and a 120 something year lease. Probably no stamp duty.  Seems like a fairly decent potential return for the money.

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  • 244 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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