19 Dec 2017

Strettons’ sale pushes final total to £62m

Strettons director Philip Waterfield said: “Ground rents are proving very popular in the current market and we are anticipating a good selection of similar ground rent investments in our February sale. Overall, I am pleased to have ended the year strongly, raising £62m with a success rate of 78%, one of the highest success rates amongst the leading UK auction houses.” [Login required]

11 Dec 2017

Waltham Forest council snaps up the Tramworks in Walthamstow

Strettons was involved as joint agents in the sale of Tramworks, a collection of mews mixed-use properties that we have been managing. "Waltham Forest Council has acquired the Tramworks mixed-use building in Walthamstow for £7.75m from Hatherley Mews, a subsidiary of Firefly Capital." [Login required]

06 Dec 2017

Brockton spree yields high street frontage

"Brockton Capital won two City fringe lots at separate auctions on 5 December that will almost double the frontage of its 70,000 sq ft development on Shoreditch High Street, E1, to around 30 metres." One of these lots was our lot 50 from the December 2017 auction. [Login required]

05 Dec 2017

Auctioneers name their top lots of the year

Auctioneers around the UK were asked what their top lot of the year was. Director, Philip Waterfield said our was a substantial Grade II listed property close to Silicon Roundabout. It forms part of a larger premises, previously occupied by NatWest bank, sold in our December 2017 auction. [Login required]

03 Nov 2017

Birthplace of fibre optics set to recapture former glories

"Holding a place in the history books as the location of the discovery of fibre optics, Harlow in Essex has a long-standing reputation as a hub for science and innovation." [Login required]

04 Oct 2017

Strettons October sale raises £12.5m

"Strettons’ fifth auction of the year raised £4.4m more than its previous sale in July and could top it's October 2016 result, with several post-auction sales in the pipeline." [Login required]

05 Jul 2017

Could this be London's cheapest flat for sale?

Lot #8 in Strettons July auction was selling for a guide of £25,000-£30,000 for a 1 bedroom garden flat with a 5-year lease. "Only an experienced buyer should this flat, and I would recommend anyone seeks professional advice first," says Geneviève Mariner, director of leasehold reform & enfranchisement at Strettons. Read more in Homes & Property section of the Evening Standard. 

29 Jun 2017

At £25,000, is this the cheapest flat for sale in London?

Lot #8 in the Strettons July auction was a one bedroom garden flat in Leyton selling at a guide price of £25,000, but there was a catch - it came with a 5-year lease and was in need of modernisation. Strettons auction director Philip Waterfield comments about the options for the purchaser. 

28 Jun 2017

New RICS rules focus on professionalism

Professionalism must be at the heart of an auctioneers’ work and indeed it is what should give RICS auctioneers an advantage in the market. Could it ever be allowed for auctioneers to knock down a property below the reserve price and then negotiate a sale with that bidder? Strettons auctioneer Philip Waterfield posed this question at the RICS conference and went on to say that this would be “unprofessional conduct”. [Login required]

21 Jun 2017

Property purchasing: Why building a dialogue with the mortgage industry is vital

How the auction sector can increase its share of overall UK property sales is a challenge for auctioneers. Improving the buying experience must be central to how we address it. This is something we will be discussing at the RICS 2017 Real Estate Auctioneering Conference next week, writes Philip Waterfield, auction director at Strettons. [Login required]

05 Jun 2017

Strettons marks 80th anniversary by raising £13.5m at London property auction

Strettons has raised almost £13.5m, including post-auction sales, on the back of an 88% success rate in what was the firm’s third auction of the year. The sale, which was held at the Grand Connaught Rooms in central London last week, saw 42 of the 48 lots offered, sold under the hammer.

25 May 2017

Strettons’ latest sale puts it ahead of the London auction pack

Strettons achieved its highest total of the year at its 22 May property auction, raising £12.7m with an 84% success rate. The firm’s success rate is now higher than the average for London auction houses – currently 75.2% – according to the latest figures from Essential Information Group. [Login required]

24 May 2017

Sheds and beds: solving the capital’s space dilemma

Industrial director Neal Matthews comments on shed space in London “Local authorities want employment space and houses. They have targets to hit for both. There are many different aspects to this: housing requirements, logistics, transport and employment. One of the key policies is still employment. Where there is a high demand for both, residential development is more likely to get permission if it has employment space as well.” [Login required]

04 May 2017

Who are the bidders in the auction room in 2017?

It is often said that auctions are a barometer for the health of the wider property market. As such, investors kept a keen eye on the performance of UK auction houses in the months following last June’s EU referendum. Director Philip Waterfield is quoted to say, 'It can be very hard to know if the person buying a particular lot is British or not'. [Login required]

10 Mar 2017

Blurred lines: City versus Fringe

With the price gap vanishing, is it a battle of buildings and amenities? City & City Fringe Agency Director, Mark Bolton is quoted to say, "for some occupiers, yes, the City is now better priced than some fringe alternatives and boundaries are blurring for the bigger occupiers. But for SMEs, the fringe has an advantage because availability is a lot better". Read more in Estates Gazette. [Login required]

 01 Mar 2017

Company feature: Strettons looks for new opportunities

Strettons’ east London heartland is now the “centre of the universe”, as director Simon Tilsiter puts it, and the 86-year-old firm is determined to make the most it – and to continue growing its business further afield. That includes a new brand and website, launched this week, to make it more visible in the market". Read more in Estates Gazette. [Login required]

21 Jan 2017

Property auctions round-up Q4 ‘16

"No longer just a domain for investors, developers and property traders, the auction room is now the preferred option of buying and selling property for a number of people looking for a fast and secure method of sale." Strettons' auction results and opinion in Estate Agent Today. 

12 Jan 2017

Strettons' forecast surpassed after busy final sale of 2016

"Strettons’ sales total for 2016 exceeded expectations to hit £70m, thanks to a busier-than-usual December auction." [Login required] 

04 Jan 2017

2017 predictions: auctioneers bullish despite major residential challenges

"Given all the uncertainty swirling around the property market as a whole, last year was a remarkably good one for auctions." Philip Waterfield predicts what he thinks 2017 will bring for auctions. [Login required] 

28 Oct 2016

Investors continue to snap up homes at auction

"Philip Waterfield, director at Strettons, said: “Despite the stamp duty increase on second homes and uncertainty caused by Brexit, the market still seems strong which is a positive sign for the remainder of the year, and hopefully beyond.”

27 Oct 2016

Waterfield: ‘Killer’ surcharge not helping first-time buyers

"The 3% stamp duty surcharge on second homes is “a killer” that is not doing what it’s supposed to do, according to Philip Waterfield of Strettons." Auctions Director, Philip, discusses the effects of the stamp duty tax. [Login required] 

 08 Mar 2017

Where to invest and what to buy

You have a lump sum to invest and are hoping the property sector will deliver better returns than the building society. But where to start? Five experts share their top picks and auctions director, Philip Waterfield explains what you could do with £250,000, £500,000 and £1M+ on Estates Gazette. [Login required] 

 31 Aug 2016

Brexit: London resi down but far from out

"Before the EU referendum, government analysis suggested that house prices would drop by 18% across the UK if the country voted to leave." Our residential Sales & Lettings Manager weighs in. [Login required] 

 04 Aug 2016

London house prices: how has Brexit affected the capital’s property market?

"Foreign investment is up and millennial perma-renters are hopeful — in the referendum aftermath, it’s all change in the property market." Philip Waterfield, Director at Strettons, shares his opinion.

24 June 2016 

Legislation & innovation: the changing face of auctions

"Foreign investment is up and millennial perma-renters are hopeful — in the referendum aftermath, it’s all change in the property market." Philip Waterfield, Director at Strettons, shares his opinion. [Login required] 

 18 Feb 2016

The hunt for the 500K house

"Armed with half a million and longing to buy a three-bed, London's thirtysomethings are queueing up to settle down in the outer Zones." Philip Waterfield, Director at Strettons, discusses changes in East London's property market and buying conditions.  

 21 Aug 2015 

WeWork takes two floors at Space Shoreditch

"WeWork has signed a deal to take 48,000 sq ft of space near Old Street." Strettons' City & City Fringe Commercial Agency facilitated the placement as WeWork expands throughout London. [Login required]