Record sales at Romans’ last auction of the year

We're here to help - available until 10pm

Free Valuation
Back to latest news
10 Dec 2015

Record sales at Romans’ last auction of the year

Author: Simon Clayton

Claytons MeadowRomans’ last property auction of the year saw hundreds of buyers pack the sales room at the Green Park Conference Centre in Reading, to witness a brilliant catalogue full of properties and developments in very sought-after areas being sold.

“We have experienced a fantastic year with 86% of all lots selling at our auctions, and this was a fitting finale” comments Simon Clayton, Romans’ Auctions Director. “All of the lots sold and a majority went for significantly higher prices than their reserves, with one building plot selling for over £1m, which was £200,000 over its guide price.”

The plot, named Claytons Meadow, backs onto the River Wye in Bourne End on a no-through road and came with planning permission for a pair of five bedroom detached dwellings. As expected, the highly desirable and scenic location attracted a lot of interest from builders and investors and eventually sold for £1,014,000.

Another renovation project was a period terrace house on Connaught Road in Reading requiring structural repair and renovation. After a fierce bidding war the property sold for £213,000, almost £100,000 more than its guide price.

As well as projects there were several exciting properties ready to move into straight away, including a semi-detached cottage on Gipsy Lane in Tilehurst. The house is in need of modernisation but there is potential for extension which attracted several bidders, leading to a sale price of £237,000 from a guide price of £190,000

Littledale CloseAnother property suitable for owner occupation or a letting investment was a terrace house on Littledale Close in Bracknell which sold for £283,000 from a guide price of £250,000.

Other star lots included a run of three freehold mixed use buildings on the High Street in Aldershot, which sold separately for £206,000, £220,000 and £220,000, respectively, at total of £196,000 more than the collective guide prices.  

“We achieved some very encouraging prices today indicating that property prices have risen significantly this year” adds Simon. “This will give confidence to everyone thinking of buying property for investment in the New Year.

“We are now inviting entries for our next auction on 24th February 2016, which provides sellers adequate time to complete before the 3% stamp duty surcharge on second homes is introduced in April.”

Contact the team to see if selling by auction would be the best method for your property on 01344 988 728 or auctions@romans.co.uk, or visit romans.co.uk/auctions

Ask The Expert

Get answers to your property questions

View experts

Follow Romans

Like Romans on Facebook

Latest News Stories

With his support, honesty and guidance he helped us greatly on our path to purchasing a family home" J. Forte

FIND OUT THE CURRENT MARKET VALUE OF YOUR PROPERTY. BOOK YOUR FREE VALUATION.