Standing room only at Romans Auctions

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3 Mar 2015

Standing room only at Romans Auctions

Author: Simon Clayton

Romans’ first property auction of 2015, at the new venue in Reading, was a showstopper with 100% of the lots selling and standing room only as record numbers came to experience the auction.

The well-known auctions team announced their venue move to the Conference Centre, Green Park in Reading, in 2014, as it’s more modern and accessible, being located in the commercial centre of the Thames Valley.

Romans Auction, Green Park Conference Centre,

“Every year our auctions become more and more popular, attracting a larger number of sellers and buyers, so it made sense to find a more suitable venue to accommodate everyone” comments Simon Clayton, Director and Auctioneer. “We were delighted with the turn out; it really was a case of standing room only.”Speedwell, Bradfield

Star lots on the day included Delamere in Bix, Henley- on-Thames; an attractive vacant period cottage in need of extensive renovation. This property created a huge amount of interest and after fierce bidding eventually sold for £356,000, £76,000 above its guide price.

Another lot that caused competition amongst bidders was a unique opportunity to purchase a terrace house in central Guildford. With a guide price of £320,000, 19 Eagle Road sold for £346,000; offering the new owners fantastic investment potential.

Simon adds: “Buyers are now travelling from London and further afield to bid on property that provides more in the way of value than equivalent properties in the city. With the advent of Crossrail, towns like Maidenhead, Slough, Twyford and Reading are becoming increasingly popular, and we experienced some incredibly strong and competitive bidding on properties in all these locations.”

Several Reading properties sold at the auction, including a three bedroom property on Essex Street, which sold for £205,000, and Speedwell, a detached house in a rural setting in Bradfield, which successfully sold for £550,000, after a local estate agent sold the house in December 2014 for £425,000.

Other properties close to proposed Crossrail stations included; 7 The Croft in Maidenhead, which comes with a Regulated Tenancy producing £6,000 per annum, which sold for £209,000, £69,000 above its guide; 17 Downfield Road, a vacant 3 bedroom semi-detached house, also in Maidenhead, which sold for its guide price of £375,000; and The Bungalow in Twyford, which, despite requiring modernisation, achieved £380,000 from a guide of £290,000.

Simon ClaytonSimon concludes: “The lack of available vacant property for modernisation is making bidding very competitive, but there are still some good opportunities out there for buyers. Frankly, you just can’t beat the atmosphere of a live auction and we’re really looking forward to our next sale in April.”

Romans will be holding regular property auctions throughout the year at the Conference Centre, Green Park, Reading, where a wide variety of residential property, commercial property and land, with and without planning permission, will be offered for sale, from across Berkshire, Hampshire, Surrey, Oxfordshire and Middlesex.

If you are thinking of selling your property Romans is now inviting entries for its second auction of the year on 28th April, with a closing date of 23rd March. Call the team to see if selling by auction would be the best method for your property on 01344 753 120, or visit:


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