Category: Property Auctions
Market trends, transactions and news stories from across the business.
Strettons Raises £12.1 Million at July Property Auction
Our highest total of 2020, selling 93% of the properties on offer. Strettons has continued its strong auction performance during lockdown at its July sale.
27 May Property Auction Results
Overall, the sale raised in excess of £8.33m with a 92% success rate, our best results so far this year.
7th April Property Auction Results
As a result of the ongoing COVID-19 pandemic, the auction took place remotely, Strettons first-ever auction to be solely live-streamed on the internet with online, proxy and telephone bids taking place.
£2.2m Manor House star of February auction
A Grade II listed Manor House was the star of the sale at our 20th February national property auction.
Election day success for Strettons
The General Election was not the only notable event happening on Thursday last week. Our December auction put a tick in the box of many an investor with a busy...
Caution in the auction room could be costing investors
Investors that wait to pick off unsold lots after auctions could often get a better deal in the ballroom.
October Property Auction Results
A recent clock change to GMT seemed to bring in an early crowd to the start of the October sale with a busy room, although still some mixed bidding.
Post Summer Property Auction Results
Our first sale after the summer break was a welcome return to the market with a 70% success and several post-sales in hand.
£10m raised at May Auction
Our sale on 21st May raised over £10m from a room where there was mixed bidding with strong demand for some lots and others just not quite reaching their reserve price.
Busy room for Spring sale
Despite a busy room at our Spring auction on 25th March results were mixed, suspiciously reflecting the Parliamentary uncertainty around Brexit, which had been scheduled to take place just days...
Strettons' first property auction of 2019
On 6th February, Strettons Auctions hosted their first sale of 2019, raising over £7.5m with a 71% success rate and climbing.
December property auction closes on a high
A busy room at Strettons' 10th December auction and some steady post-auction sales helped to end 2018 on a good note by raising over £13.5m.
The Property Show Hosted By London Greek Radio
Strettons’ Auction Director, Philip Waterfield, was a guest on London Greek Radio latest Property Show about Property Auctions and discusses how he got into Auctions, and shares his views all about the current state of Property Auctions.
Autumnal changes in October property auction sale
A high level of pre-auction interest for the October sale, a busy room on the day and several post-event sales demonstrate that there are still plenty of buyers and sellers ready and willing to do business in the UK property market. The interest is there, but as shown in the results across the sector, this doesn't always translate into bidding in the saleroom, as witnessed with some of the lots in our sale.
July auction raises over £6.5m
Our sale on July 16th raised £6.5m with a further £2m now under offer, but the results mirrored the sentiment of uncertainty and caution running through the property market and the economy generally.
May auction raised over £8.6m
Our sale on the 22nd of May raised over £8.6m from a busy room where there was confident bidding on the majority of lots.
Strettons’ spring auction raised a healthy £8¼m.
Our Spring auction on the 27th showed mixed results but still raised a healthy £8¼m.
91% sold at February auction
Strettons’ first sale of 2018 produced a 91% success, raising £7.5m.
£12.5M raised at strong Autumn auction
Strettons’ October auction showed a healthy buyer interest, especially for properties within the southeast, raising over £12.5m on a 74% success rate with post-auction sales set to increase this.
Ground rent investments - following the maze
For many years, Strettons have been selling freehold ‘ground rent’ investments by auction, where all or both of the units in purpose-built blocks, converted houses or in purpose-built pairs of...
Buyers Spring to action at March sale
Our 27th March auction brought a good turnout of bidders with brisk competition to produce an 88% success rate.
Deciding to sell at auction
Deciding whether to sell by public auction or private treaty is ultimately about what is right for the seller. Auction, however, does provide a higher degree of certainty which can be very appealing, especially if time is a factor in the sale as once the gavel falls a legal and binding contract is made
Auction sales stay on track in December
Strettons’ end of year sale on 13th December. Overall, we raised close to £7m, higher than our December 2015 auction.