Strettons Raises £12 Million at July Auction
Strettons is pleased to announce that it raised £12 million at its 15th July sale, with a 90% success rate.
The highest price of the day was achieved for a freehold detached bungalow with development potential in Uxbridge, Middlesex, which sold for £650,000, slightly above its guide price. This was followed by a freehold residential investment comprising two flats in Walthamstow, selling for £542,000 against a guide of £425,000.
Other notable sales included a freehold vacant semi detached house in Chingford, which reached £316,000, over double its £150,000 plus guide price. In Rainham, Essex, a freehold commercial investment and vacant two bedroom flat sold for £407,000 against a guide of £280,000.
As with previous Strettons’ sales, a series of land investments sold on behalf of advertising agency JC Decaux were also popular. All sites sold, with prices ranging from £40,000 for a site in Swindon, to £142,000 for a site in Southampton, significantly above its £85,000 guide price.
Commenting on the sale, Strettons’ Director and auctioneer Andrew Brown said: “There was good, strong bidding for the vast majority of properties on the day which I think demonstrates a robust market with plenty of buyer interest. I am very pleased with the results and I am looking forward to our September sale for which lots are now invited.”
Lots are now invited for Strettons' next sale which takes place on Tuesday 14 September 2021 and will once again be live streamed with remote bidding.
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