Tudor Estates Network Auctions
auction held in Central London on 1st May achieved a sales success
rate of 74% and saw bidders from across the UK and Europe getting involved.
Prior to the auction, a record
number (418) of legal packs had been downloaded from the Network Auctions
website.
The May auction was the first time
that Tudor Estates Network Auctions had provided an online bidding facility
and, whilst none of the online bidders were successful, it kept auctioneer Guy
Charrison busy as he juggled online bids with bids in the room and telephone
and proxy bidders.
There were some notable sales at the
auction including:
Lot 1: A flat requiring
modernisation in Milton Keynes which carried a reserve of £62,500 was sold in
the room at £79,000.
Lot 25: A fire damaged house in
Powys requiring a total re-build. This property had a reserve of £10,000 but
with three telephone bidders as well as bids in the room, eventually sold at
£26,000, a significant 160% uplift on the reserve figure.
Lot 26: A commercial property in
Leicester which was reserved at £160,000. In total there were three bidders in
the room and one telephone bidder from Germany. The gavel eventually came down
at £252,000. An excellent price especially considering that the property had
previously been available at £225,000 on the open market.
Guy
Charrison said after the auction: “With lots for sale from all corners of
England, Scotland and Wales it is important that we create the opportunity for
potential buyers to bid by whatever method they choose. By adding online
bidding we have improved the opportunities for our seller clients to sell and
our buyer customers to buy. An undoubted success”
Network
Auctions operate across the UK with a network of partner agents and therefore
provide local expertise with national exposure.
Tudor
Estates Network Auctions next auction is scheduled for 3rd July and
will, once again be held at the Glaziers Hall near London Bridge.
David
Kirkman of Tudor Estates Network Auctions can be contacted on 01702 346818 or
by email at davidkirkman@tudorestates.co.uk or via their website at
www.trustintudor.co.uk/auctions
