24 August 2021
With Lockdown restrictions easing Auction Estates were the UK's first auction house to bring buyers and sellers back to a live auction venue, resuming their August sale at the Nottingham Racecourse with a packed room of bidders.
Highlights from the auction included a commercial investment property on Carlton Road in Nottingham, fully let and producing £45,800 pa which sold for a staggering £505,000 (off a Guide of £325,000).
Land remained in high demand with strong bidding in particular for the site on Smethurst Lane in Bolton, guided at £45,000+ and which eventually sold for £103,000. This was a particularly strong figure given the site only extended to 0.64 acre and was only surplus land with no planning permissions in place. Perhaps the most sought after lot of the day was the land at Godwin Way in Stoke on Trent, guided at £1,000+ and which sold for £58,000 in the room.
Traditional terraced houses performed well across the country with high levels of demand for anything under £100,000 where there were multiple biddings trying to secure themselves a project.
There were a couple of unsold lots where deals were agreed as soon as the auction concluded and overall the auction raised an impressive £3,915,500 (78% success rate)
Entries are now being invited for our next sale on 14th October to be held at Nottingham Racecourse.