Is buying at Auction cheaper?

Thrugelmir

Anybody that watches Homes Under the Hammer will of heard of Strakers Esate Agents and Auctionerrs. . Here's the results of yesterdays property auction for property in Wiltshire.

(Auction results July 2009) Lot Property Guide Price Sale Price
1 9 St Mary's Grove, Ferndale, Swindon£70,000 Plus£86,000
2 The Laurels, 67 New Road, Bromham, Near Chippenham£180,000 Plus£240,000
3Land at Drewitts Mill Lane, Colerne, Near Chippenham£6,000 Plus£8,000
4The Potteries, Townsend, Wylye, Near Warminster£220,000 Plus£190,000
512 New Broughton Road, Melksham£100,000 PlusAvailable
6 27A Western Street, Old Town, Swindon£65,000 Plus£64,000
7&8 Barn and About 10 Acres at Bincknoll Lane, Wootton Bassett£90,000 Plus£125,000
9 117 Eden Vale Road, Westbury£150,000 PlusAvailable
10 Dovenby House, Nettleton Green, Near Chippenham£550,000 Plus£570,000
11 15 George Street, Warminster£130,000 Plus£142,000
12 35 Market Place, Devizes£250,000 Plus£300,000
13Land at Devizes Road, Upavon£25,000 Plus£35,000
14 26 Surrey Road, Swindon£115,000 Plus£126,000
15 Roward Farm & Stables, Draycot Cerne, Near Chippenham£750,000 PlusWithdrawn
16 9 The Maltings, Yatton Keynell, Near Chippenham£160,000 Plus£156,500
17 Springtime, 5 The Green, Great Cheverell, Near Devizes£255,000 Plus£293,250
18 6 Tanners Hill, Sherston, Near Malmesbury£240,000 PlusAvailableTotal Sales£2,335,750

Anybody live in these areas or know of the property?

Crash_Over

Thrugelmir wrote: »

Anybody that watches Homes Under the Hammer will of heard of Strakers Esate Agents and Auctionerrs. . Here's the results of yesterdays property auction for property in Wiltshire.




Anybody live in these areas or know of the property?

Don't know the area, but auction properties generally have an issue that prevents them being sold through the usual channels. Prices often appear low but the general standard of property is lower than those sold through EA's.

IMHO.

Thrugelmir

Crash_Over wrote: »

Don't know the area, but auction properties generally have an issue that prevents them being sold through the usual channels. Prices often appear low but the general standard of property is lower than those sold through EA's.

IMHO.

Not necessarily. Auction for some properties is the best way of achieving top price.

baileysbattlebus

I don't live in the areas of the auction but I had a quick look at Lot 17 - went for £293,250 with a guide price of £255,000.

It's a 3 bed detached bungalow that needs modernising and has a third of an acre garden - backing onto open countryside.

http://www.rightmove.co.uk/property-for-sale/property-26381120.html?locationIdentifier=REGION%5E11177&radius=1.0&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E11177%26radius%3D1.0

Not sure if it's a bargain or not - it looks like it's a very nice area - someone will probably know it.

Crash_Over

Thrugelmir wrote: »

Not necessarily. Auction for some properties is the best way of achieving top price.

I wouldn't disagree.

Point I was making was that although some prices appear on the low side, there is usually a reason.

Indeed, the answer to the question your thread poses is:


NOOOOOOOOOOOOOOOO
:cool:

lostinrates

I would say, very roughly, 4/5 of the properties we take an interest go to auction or worse sealed bids.

Certain types of property almost always go in this way now.

I'd also point out that Wiltshire was one of those freaks that showed a rise when almost everything else was falling pre the last three monthly rises. Its a popular county: even the ''rougher'' bits old value: e.g. noone would claim swindon to be the most picturesque town in Wiltshire, but its on the door of large employers (, even if they include car-makers) and the cotswolds for leisure and of course, its not the worst commute further east if push came to shove, for work. If you can face some scary roundabout there are worse places to live.

I don't know Chippenham well at all. I don't really know why I don't!

Gorgeous_George

As with any auction, there are bargains to be had. There are also lemons to be bought.

You really must know what you are doing or, better still, be lucky.

GG

Thrugelmir

lostinrates wrote: »

I would say, very roughly, 4/5 of the properties we take an interest go to auction or worse sealed bids.

Certain types of property almost always go in this way now.

I'd also point out that Wiltshire was one of those freaks that showed a rise when almost everything else was falling pre the last three monthly rises. Its a popular county: even the ''rougher'' bits old value: e.g. noone would claim swindon to be the most picturesque town in Wiltshire, but its on the door of large employers (, even if they include car-makers) and the cotswolds for leisure and of course, its not the worst commute further east if push came to shove, for work. If you can face some scary roundabout there are worse places to live.

I don't know Chippenham well at all. I don't really know why I don't!

The magic roundabout works very well once you know it!

I've moved further east over the years and its not a bad area. Far better than Reading........

lostinrates

Thrugelmir wrote: »

The magic roundabout works very well once you know it!
..

I used to use it a fair bit. It must have been great misfortune to arrive immediately behind/to the left of, people who emed to be using it for the first time

Thrugelmir

lostinrates wrote: »

I used to use it a fair bit. It must have been great misfortune to arrive immediately behind/to the left of, people who emed to be using it for the first time

The newbies cause havoc. To the locals its great to have multiple routes to get we're you want to go......

PasturesNew

http://www.swindonweb.com/uploaded_files/1167/images/magi01.jpg

Looks easy enough, so long as you know in advance where you want to go.... can't easily come back and have a 2nd go at it can you, like you can on a normal roundabout by choosing the lane that allows you to go round ... and round ... until you've read all the exit signs and picked which one you want... then round ... and round ... until you see it again.