75% of lots sold at Romans' July property auction

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1 Aug 2017

75% of lots sold at Romans’ July Auction!

Author: Simon Clayton

Romans sold 75% of their July catalogue as bidders sought good quality and value for money amidst political uncertainty. Many lots sold for significantly more than their guide prices, demonstrating that correctly and realistically priced properties attract buyers that are prepared to exchange contracts quickly.

Speaking after the Auction, Simon Clayton, Romans’ Auctions Director commented, “The Auction room has remained buoyant despite there being fewer lots on offer. With increased competition and lots now being more sensibly priced, savvy investors are acting fast.”

Vacant houses and flats for renovation continued to prove as popular as ever. Notable sales included;

31 Valerie Court, Bath Road, Reading – a vacant 2 bedroom top floor flat, requiring renovation received fierce bidding and sold for £20,000 more than its guide price of £150,000, for £170,000.

199A St. Leonards Road, Windsor – a vacant 2 bedroom terrace house, suitable for letting investment sold for £280,000, £30,000 higher than its guide of £250,000

65/67 Lynchford Road, Farnborough - a freehold fully let mixed use building, comprising a retail unit and 3 self-contained flats sold for £325,000, £145,000 more than its guide.

Selling by auction can take the stress and anxiety out of the selling process as it is one of the fastest and most effective ways of exchanging contracts quickly. Romans are now inviting entries for our next auction on 27 September.

If you are considering selling and would like a free market appraisal please contact Romans Auctions on 01344 753120 or auctions@romans.co.uk or visit the website romans.co.uk/auctions  

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