Allsops latest auction results

hethmar

Over 600 lots sold:

http://www.allsop.co.uk/

surprisingly a lot of them went well above guide prices.

dervish

hethmar wrote: »

Over 600 lots sold:

http://www.auction.co.uk/residential/home.asp?JP=PR&MID=213036&Z=1380&A=545

surprisingly a lot of them went well above guide prices.

yes thats because it is an auction...


overall however i see little significance in this, interesting though it is.

PasturesNew

A random pick...
Lot number 19
Last sold in 2000 for £76k
Repossession
Sold in auction for £91k

HPI? That's under £2k/year.

1] http://www.auction.co.uk/residential/LotDetails.asp?A=545&MP=84&ID=545000019&S=L&O=A
2] http://www.houseprices.co.uk/e.php?q=10+Harlech+Gardens+TW5+9PR&n=100

hethmar

dervish wrote: »

yes thats because it is an auction...


overall however i see little significance in this, interesting though it is.

Well, the significance is that there have been several threads about auctions not selling one property - let alone over 600 - or that the prices had plummetted.

I thought it would be of genuine interest to everyone to get a balanced view.

adr0ck

hethmar wrote: »

Well, the significance is that there have been several threads about auctions not selling one property - let alone over 600 - or that the prices had plummetted.

I thought it would be of genuine interest to everyone to get a balanced view.

it is thanks

notice the flat referred to in a previous thread on for a guide of £10k sold for £41.5k

hethmar

Yes, saw that. So much for £10k price and it was a rat hole at that!

NB Nearly 700 lots in the allsop sale.

PasturesNew

Most of them are untraceable. I can't find them on Land Registry to get a "bought for/when" price/date. So after I checked/couldn't see about 6 I stopped bothering.

hethmar

You checked 6 PN and say thats most of them

neverdespairgirl

Thanks for posting that OP - very interesting.

confused31_2

very interesting most of them have sold but are most of them repossessions???

If they are do the creditors not set a reserve? or do they just get as much as they can?

Obviously if you were a private seller and you put your property through a auction you would set a reserve, but if they are reposessions dont the banks want claw as much money back as they can?

just had another look and thought i would add this, this was the first one i looked at and it looks like some has just bought a bargain.
This house went for 129.000 pound now if you search the postcode TW13 6UE the last time houses where sold down this road in the last 2 years were for just over 200,000 pounds.


So it looks like there are some bargains, its nearly 40% off the 2007's prices, i bet the people who bought last year will be gutted when they find out how much this went for.


http://www.auction.co.uk/residential/LotDetails.asp?A=545&MP=24&ID=545000014&S=L&O=A


confused

neverdespairgirl

I followed PN's example, and looked up previous sold prices for a few clicked on more or less at random:

1. Lot 51, 2 bed in Bloomsbury, WC1

GP - £280k+ (guide price)
SP - £299k (sold price)
PP - none (previous price)

2. Lot 34, 2 flats in Charlton, SE7

GP - £220k - £240K
SP - £240k
PP - none

3. Lot 20, 2 bed flat in E13 (repossession)

GP - £100k+
SP - £142k
PP - £82,875 7th March 2000
£102.5k 28th April 2000

4. Lot 5, E17, 3 bed, 2 recep house

GP - £170k
SP - £186k
PP - £173k 2nd April 2003
£232.5k 12th September 2003

5. Lot 11, terraced house in Greenwich divided into 2 flats, SE10




GP - £240k - £250k
SP - £266k
PP - none for this building. Last terraces in teh street sold for £335k (Nov. 07) and £290k (Oct. 06)

6. Lot 58, Plumstead terrace house, SE18, 2 recep, 2 bed

GP - £90k - £100k
SP - £123k
PP - none for this house. Sales Oct 2005 to Nov 2007 were £138.5k to £190k, 6 sales. £120k in August 2005


7. Lot 72 HMO, 5 rooms. Semi. West Norwood, SE17.

GP - £200k to £225k
SP - £220k
PP - None. Last semi in this road sold £665k in Jan 08, the one before that, £350k in Oct. 2004. The first must be a bigger house than this.

Same lot on at different EA for £275k on RM

http://www.rightmove.co.uk/viewdetails-23542874.rsp?pa_n=1&tr_t=buy&mam_disp=true

8. Lot 70, 2 bed flat in Blackheath, SE3

GP - £175k
SP - didn't sell
PP - sold for £250k in Sept 2000

9. Lot 77, 2 bed house, Battersea, SW11

GP - £260k to £280k
SP - £316k
PP - none. One in road sold for £332k in June 2002, then none for 4 years, and others for £370k to £522.5k between 2006 and June 2007 (6 houses, all terraces)

10. Lot 85, 1 bed flat, Penge, SE20

GP - £55k +
SP - £54k
PP - sold £140k in Dec 2005 (ouch!) £130k in Oct 2002

11. Lot 91, flat, East Dulwich SE22

GP - £90k to £100k (I think, it says £1m, must be wrong)
SP - £100k
PP - sold March 2005 for £175k and £160k (sold twice)


12. Lot 103, flat, Ealing W5

GP - £120k
SP - unsold
PP - none

13. Lot 114, 3 bed flat, Old Coulsdon

GP - £90k+
SP - £117k
PP - Sold May 2002 for £96k

14. Lot 156, 4 bed house, Blackheath SE3

GP - £290k to £310k
SP - £300k
PP - This one not sold. One sold for £277,5k in Nov. 2001, and 10 sold from July 2002 until August 2007 for £321k to £520k (all terraces, as is this one)


15. Lot 184, 2 bed, 2 recep flat in Bedford

GP - £70k
SP - £77k
PP - unsold

16. Lot 200, mid-terrace 3 bed house, Bury St. Edmunds

GP - £75k
SP - £74k
PP - last sold for £70k in 2001