Romans Auctions February 2016

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8 Feb 2016

Place your bids before the stamp duty surcharge

Author: Simon Clayton

Will you find your dream property at Romans’ first auction of the year on Wednesday 24th February at 1.30pm at the Green Park Conference Centre in Reading?

London Road, Reading

“2015 was a hugely successful year for Romans Auctions with an average of 86% of lots selling at every single auction” comments Simon Clayton, Romans’ Auctions Director. “As demand from buyers continues to outstrip supply we’re expecting our auctions to continue to gain popularity throughout 2016.

“Furthermore, with contracts being exchanged on the day of the auction the entire process is extremely fast, so this could be your last chance to purchase a second property before the 3% stamp duty surcharge is introduced in April.

“Our first auction of the year has a fantastic range of properties and land going under the hammer in some highly sought-after locations, including Windsor, Guildford, Reading, Wokingham and Finchampstead.”

If you’re keen to beat the stamp duty surcharge on your next investment purchase there are several flats being auctioned, including; a maisonette in Ashby Court in Reading located within easy access of the town centre and with a guide price of £110,000, a one bedroom apartment on St. Leonards Road in Windsor requiring modernisation but with a guide of just £130,000, and a two bedroom converted flat on London Road in Reading with current rent of £8,820 per annum and a guide price of £170,000.

Wokingham Road, Earley

If you’re looking for a project or letting investment you might be interested in a Victorian terrace house on Wokingham Road in Earley with a guide price of £240,000. The property does require complete refurbishment but its brilliant location in the university area and proximity to the town centre means it’s sure to attract a lot of attention.

Another property which offers fantastic potential is a three bedroom semi-detached house on Alma Road in Windsor with planning permission for a two storey rear extension. Simon comments: “This house is located in an extremely popular area just on the outskirts of Windsor town centre and would make an ideal project for a developer, investor or owner occupier.”

If you’re looking for a unique opportunity to build your own home than a lot on Woods Road in Caversham could be ideal. With a guide price of £420,000, the lot comes with planning permission for the demolition of the existing dwelling and the construction of a five bedroom house.

If you’re looking for an investment requiring less work than 11 & 11a York Crescent in Aldershot are going under the hammer with a guide price of £240,000. The period, three storey house has been converted into two maisonettes, currently achieving the equivalent of £14,370 in rent per annum.

Other interesting lots include an area of woodland on Kiln Ride in Finchampstead with a guide price of £20,000, a four bedroom terraced house on Oxford Road in Reading with a guide price of £375,000, and a three bedroom semi-detached house on Waterloo Crescent in Wokingham with a guide price of £310,000.

To see all the details and viewing times for the properties listed in Romans’ February auction visit:

If you are thinking of selling your property Romans is now inviting entries for its second auction of 2016 on 23rd March. Call the team to see if selling by auction would be the best method for your property on 01344 988 728.

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