London Property Auctions - Upcoming Auctions Jan 2008
January 9, 2008
January is not a busy month for UK property auctions. If you have started your new year property auction search already, then you are going to find the pickings on the ground quite slim, especially if you are looking for a London property auction to attend.
If you are looking for your next buy to let property you could pick up something over the next few weeks that will start your year off well.
Alternatively if you are looking for a London property for under £150,000 you can find them at auction. Check this post for a property I found last year in South London property that sold at auction for £100,000. It is not impossible to find a London property for under £120,000. It just takes patience and continual perusal of the auction catalogues and websites in order to find that elusive gem.
London Property Auction
I’ve so far only found one London Property auction this month.
- Erinaceous on Thursday, 31 January 2008 starting 12pm
Venue: Kensington Town Hall, Hornton Street, London, W8 7NX
Catalogue: There is no catalogue currently available but if you register on their website for a catalogue it will be sent to you as soon as it is made available (usually 2 weeks prior).
Other UK Property Auctions
If you are more interested in other property auctions UK wide, then you should check out
- Countrywide Property Auctions Monday 28th January 2008 at 2pm
Venue: HAYDOCK PARK RACECOURSE, Manchester - Keith Patterson Tuesday January 29th 2008
Venue: Newcastle ‘Falcons’ Rugby Football Club - Countrywide Property Auctions Tuesday 29th January 2008 at 12 noon
Venue: THE JOHN CHARLES CENTRE FOR SPORT, Leeds - Morgan Beddoe Wednesday January 30th 2008
Venue: The Garden Room, Bristol Zoo, College Road, Clifton, Bristol BS8 3HH - Savills on Thursday 31st January 2008 at 2.30 p.m.
Venue: The Centenary Suite, Nottingham Racecourse, Nottingham - Countrywide Property Auctions Thursday 31st January 2008 at 12 noon
Venue: THE PARK INN HOTEL, Birmingham
Remember most Property Auction Houses release their auction catalogue about 2-3 weeks before the auction. Check out the auctioneers website and you may find they have loaded their Let me know if you pick up your bargain property at auction, it would be great to know if others find this information useful.
photo © Sean Farrell for openphoto.net CC:Attribution
For Sale By Order of Mortgagee
January 4, 2008
Property for sale “By Order of Mortgagees” will become more and more prevalent in UK property auction houses and auction catalogs as the UK housing market becomes more uncertain. By order of the Mortgagee is another term used to denote a property that has been repossessed.
UK Buy to Let landlords enjoy a bumper year
December 15, 2007
Strong tenant demand could mean more people looking for buy to let mortgages in the new year
According to the latest figures contained within Paragon Mortgages Buy-to-Let index, the annual return on buy to let property over the past 12 months is as high as 25.1% in some places, (this is a combination of capital gain and rental income). This percentage return, coupled with the strong demand for rental accommodation is something no potential property investor can ignore and will perhaps spark a rush to find the best buy to let mortgages in the marketplace early in the new year. [Read more]
Property Auctions Dec 2007
November 25, 2007
Last chance til February to bag a bargain property at an auction for this year. If you are looking for an investment property or to purchase your own home, property auctions can offer the opportunity to by a property at less than the price you see in your local estate agents.
Remember the deposit
An important aspect of buying property at auction is that you should and need to do your own research. It is not enough to turn up on the day and bid. You will need to have a deposit of at least 10% of the final purchase price and it is important that you read the auctioneers information pack and legal documents related to the property you intend to purchase.
Where are the auctions
| Auctioneer | Telephone | Date | Time | Location |
|---|---|---|---|---|
| Edward Mellor Auctions | 01614 434 740 | 03 Dec | 13:30 | Lancashire County Cricket Club, Talbot Road, Old Trafford, Manchester, M16 0PX |
| Romans | 0118 936 6688 | 05 Dec | 14:30 | Blue Mountain Golf Club & Conference Centre, Wood Lane, Binfield, Bracknell, RG42 4EX |
| Erinaceous Residential | 08456 777700 | 06 Dec | 12:00 | Kensington Town Hall, Hornton Street, London, W8 7NX |
| Graham Penny | 01332 242 880 | 07 Dec | 12:30 | Pride Park Stadium, Derby, DE24 8XL |
| Savills Commercial | 020 7877 4511 | 10 Dec | 14:00 | Claridges Hotel, Brook Street, London, W1K 4HR |
| TOPS Auction House | 01603 750 450 | 12 Dec | 11:00 | De Vere Dunston Hall Hotel, Ipswich Road, Dunston, Norwich, NR14 8PQ |
| Andrews & Robertson in Assoc. with Willmotts | 020 7703 4401 | 12 Dec | 11:00 | New Connaught Rooms, Great Queen Street, London, WC2B 5DA |
Property Auctions Nov 2007
November 17, 2007
If you’re looking for your next investment property, the following UK property auctions are coming up during this month. Auctions are a great place to find property bargins but they also present a very different way to buying property than is common when dealing with Estate Agents. [Read more]
UK investment property market slowdown
November 15, 2007
Today, Britain’s second largest property company British Land posted a pre-tax loss of £35 million in the six months to September, down from a profit of £670 million in the same period last year. Meanwhile Bank of England boss, Mervyn King has said that property prices are falling and mortgage rates are rising. We have a situation building where households are coming off fixed rate mortgages after 2-3 years and finding mortgage payments rising at rates that could trigger increases in arrears and defaults. Does this mean that we are in for a rough time over the next 12 months? [Read more]
Forthcoming property auctions May
May 21, 2007
There’s plenty to choose from in this months property auctions so take a look at the lots and pay particular attention to the vendor information.The Halifax auction should have some good lots, and interesting to note the number of lots marked SOLD or withdrawn in the Strettons sale. Just speculation on my part, but could it be that vendors are more prone to offers at this time?
[Read more]