Auction House North West topped sales of £4.5m (£4.556,100) in its first sale of 2018,
which took place on Tuesday 13 February 2018.
Over 400 buyers packed the auction room at Bolton Wanderers FC, where more than 8 out of 10 properties listed, were sold. Fast and furious bidding was evident from the start and interest included a three bedroom semi detached house in Cherry Road in Southport. Bidding started at £60,000 with the hammer coming down at £110,000. The house needs total refurbishment and modernisation and this sale is thought to be the first in this popular road since 2001.
Auction House North West managing director, Oliver Adams said:
“Our recent auctions have proved resistant to the fluctuations in the market which are plaguing other agents. We feel the good range of properties we can offer buyers means we can ride this storm.”
“Any slowing down in the auction buying appetite which might have happened over Christmas has returned with a vengeance, and properties which didn’t attract much interest in December have now been selling above their guide price.”
Another highlight of February’s sale is a former Victorian cotton mill which has fallen into disrepair. Bidding started on Astley House, Burnley at £100,000 with the Lot selling for £290,000. Oliver Adams explained, “This property and site of 1.35 acres is currently divided into a number of small workshops. There is no planning in place, but there was permission given for 28 homes, 11 years ago, which has now lapsed. This property could be a good calculated risk for the buyer.”
Properties are already being listed for the next Auction House North West sale, due to take place on 20 March 2018.
Here are some tasty teasers:
Gilder Bridge Cottage in Westby, which has a guide price of £300,000. The property has three bedrooms and a large garden.
Century Mill, Bolton, a substantial multi-let mill investment, sub-divided into 46 lettable units, currently producting £172,014.88 pa. Guide price of £1,500,000-£2,000,000.
The sale will take place on 20th March 2018 at 2pm at Bolton Wanderers Football Club.