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Savills Auction live this morning

Doozergirl
Doozergirl Posts: 34,082 Forumite
Part of the Furniture 10,000 Posts Name Dropper Photogenic
in House buying, renting & selling
Just in case anyone's bored :)

http://www.eigroup.co.uk/onlineauctions/

I viewed lot 43 last week. It was titchy and has shortening lease, but I'm interested to see what it goes for.
Everything that is supposed to be in heaven is already here on earth.
«13

Comments

  • Pobby
    Pobby Posts: 5,438 Forumite
    That`s the flat in Streatham I guess?
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yup. Guide £155,000 Unsold at £162,000. I didn't think it was worth any more than the guide, hence we didn't bother. The lease was calculating at anywhere between £15-25,000 for me! And you never know what price the freeholder is going to come up with :confused:
    Everything that is supposed to be in heaven is already here on earth.
  • ragdoll
    ragdoll Posts: 104 Forumite
    Interested to see lot 95 was on the market Aug-dec at £295,000 in a very popular suburb of Norwich. Net house prices shows that one 2 doors away sold for 235 in July '03 and of the 7 sales since nothing has sold for less apart from a semi, the others all detached.
    Treat everyday as your last one on earth! and one day you will be right.
  • hgllgh
    hgllgh Posts: 169 Forumite
    Doozergirl wrote: »
    Yup. Guide £155,000 Unsold at £162,000. I didn't think it was worth any more than the guide, hence we didn't bother. The lease was calculating at anywhere between £15-25,000 for me! And you never know what price the freeholder is going to come up with :confused:

    Does the freeholder determine the lease extension cost? I thought that was decided by a LVT?
  • ds1980
    ds1980 Posts: 1,213 Forumite
    had a look at lot 2 and 72 be interested to see what they went for as guides would have been good buy for owner occupier. Is it me or are auctions great at the minute for these sorts of buyers that don't mind getting their hands a little dirty.
  • ds1980
    ds1980 Posts: 1,213 Forumite
    ragdoll wrote: »
    Interested to see lot 95 was on the market Aug-dec at £295,000 in a very popular suburb of Norwich. Net house prices shows that one 2 doors away sold for 235 in July '03 and of the 7 sales since nothing has sold for less apart from a semi, the others all detached.

    sold £230k
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    hgllgh wrote: »
    Does the freeholder determine the lease extension cost? I thought that was decided by a LVT?

    The Freeholder quotes. If it's totally unreasonable in the eyes of the leaseholder then they can take it to the LVT but it costs money! So you
    a)barter best you can if you're lucky
    b) lump it
    c) go to the LVT and risk losing anyway

    The yield rate has been set for Greater London at least so that's not negotiable, but the value of the property before and after the lease extension, in the case of sub 80 year leases, is totally subjective.
    Everything that is supposed to be in heaven is already here on earth.
  • ragdoll
    ragdoll Posts: 104 Forumite
    Was only able to flit in and out of the auction, but there seemed to be a fair fewthat didn't sell. thanks ds1980 for info on lot 95, knowing the area I would think someone would be very happy with getting that for 230k.
    Treat everyday as your last one on earth! and one day you will be right.
  • SouthCoast
    SouthCoast Posts: 1,985 Forumite
    I can't get into the site.

    Does anybody know the result of this:

    Lot 90Lot 90 167 Reading Road South, Fleet, Hampshire Guide Price £165,000+

    LOT 90
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    SouthCoast wrote: »
    I can't get into the site.

    Does anybody know the result of this:

    Lot 90Lot 90 167 Reading Road South, Fleet, Hampshire Guide Price £165,000+

    LOT 90

    Sold for £197K.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
This discussion has been closed.
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