Sansome & George Network Auctions report that a record number of documents were downloaded prior to their auction held in central London on March 6th.
A total of 1812 legal documents were downloaded including 376 full auction packs.
The 28 lot auction saw large numbers of bidders and half of the lots had telephone and proxy bidders as well as those present in the room.
With the auction being watched by 185 people via video on the Network Auctions website and over 1800 people via social media, the coverage ensured some exceptional results were achieved.
Lot Three, a commercial building in Northwood sold at £432,000. This was 23% and £82,000 above the guide price. There were five bidders in the room and a further two on the telephone.
Lot Six, a residential property in Sheffield sold to a local buyer who attended the auction in person and was clearly highly committed to making the purchase. The property sold at £91,000, a 37% uplift on the guide price of £66,500. The property had been available in the open market as recently as February at £84,950.
Lot Eleven, a retiremnet apartment at Mortimer Common near Reading sold above the guide price at £50,000.
On average, selling prices achieved on properties were 12% above reserve prices.
A total of seven plots of land without planning were offered for sale and all were sold.
In total, 28 lots were offered with 22 sales being achieved, a success rate of 79%
David Sansome of Sansome & George Network Auctions said:“Our March auction demonstrated the additional value of our unique approach to auctions in utilising local partner agents combined with our central London auction room and national marketing.
The sale of the property in Sheffield saw a buyer determined not to miss out having made the journey from Yorkshire and one wonders if the bidding would have been so positive had the auction been held locally.
With effect from our next auction on May 1st we will also be providing bidders with access via the internet. This will mean that we are enabling bidding in person, by phone, by proxy and by live internet and sellers can be certain of maximising their chances of a successful sale.”
Sansome & George Network Auctions next auction is on 1st May and lots are now being taken for inclusion.
