Hunters had another busy and successful Property Auction at York Racecourse on the 14th September. A range of different lots were offered and all of those sold on the night achieved fantastic prices.
First to be offered was a fantastic ex toll house which, although converted into a bungalow some time ago, is in need of a program of refurbishment. Being Grade II listed, the property has a wealth of history and requires some tender loving care to bring it up to a modern standard. Offered at a guide price of £80,000 - £100,000, it was hoped the property would at least achieve £100,000. The owners were very pleased when the gavel dropped a bit higher at £111,000.
Next to achieve a successful sale was a 3 bedroomed terraced house in York Road, Market Weighton. This property was offered at a guide price of £80,000 - £100,000. The property had plenty of viewings and some offers within the guide range leading up to the Auction date. The bidding started at around £80,000. After much competition between a number of bidders, the sale price settled on £120,000. The vendor is ecstatic with the result.
The last two lots of the Auction were the most popular by far during marketing. With over 30 viewings on one property and a massive 75 viewings on the other, we knew they would sell successfully before entering the room.
A one bed flat in Regent Terrace, Bridlington was offered at a low guide price of £10,000 - £15,000. In the first week of marketing, the local office were inundated with requests for viewings. The low price reflected the building’s freehold status, which meant that the flat was unlikely to obtain a traditional mortgage. The bidding went up in £1,000 increments with a final sale price of £22,000, which is 60% higher than the original guide.
Although, the huge success of the evening has to be the 3 bedroomed, Grade II listed cottage offered, which is located in the highly sought after village of Addingham. Unfortunately the property had suffered fire damage but that did not put off a mixture of would be buyers in the room. Multiple offers were received prior to the auction, although the owners are happy that they chose the Auction route. We offered for sale by Auction with a guide price of £250,000 - £275,000. The final sale price was a whopping 70% higher than this, finally settling at £420,000.
Lester Hurst from Hunters Ilkley commented ‘There is currently an unprecedented low level of family homes in the Ilkley and Addingham areas. Clearly this latest Auction property has demonstrated that, no matter what condition, there are more buyers than properties. Auction is another route for vendors to achieve a swift and best market price’.
Watch this space for an update on the results of the 26th October Auction. We are now taking entries for the 7th December Auction to be held at York Racecourse. Any property that requires modernisation or structural work is ever popular when sold by the Auction method. We provide a free Auction Appraisal and no obligation advice on whether your property could sell better through Auction rather than by traditional methods. Contact us today on 01904 756116 or email firstname.lastname@example.org.