Auction sales fuelled by bargain property hunters

The stats are in and its official – the number of lots sold at property auctions in 2011 stood at 24,111, an impressive 9% year on year increase when compared to 2010. 

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According to data specialists, Essential Information Group, this was most apparent in Q2 2011, with a 17% increase compared to the same period in 2010.  This appetite for auction property purchases was fuelled by the large number of UK house buyers keen to snap up a bargain.  This is no surprise. With Brits still feeling the pinch, buyers are more eager than ever to pay less, and with a wide selection of property types on offer it’s no wonder that auctions are so popular.

Sometimes it is wrongly assumed that properties offered at auction are all in need of complete renovation or are situated in less desirable locations.  This is far from the truth.  Today’s auctions feature a wide variety of property types, ranging from one bed apartments to luxury executive homes in all manner of locations. 

To prove our point, take a look at this unique rural home being offered for sale by auction on Wednesday 15th February at The Legacy Plymouth International Hotel.

 

The beautiful and highly prestigious East Devon village of Salcombe Regis lies hidden at the head of the peaceful Salcombe Valley.  Situated within two miles of the historic Regency seaside town of Sidmouth it is just a short walk from the beach and the famous World Heritage Jurassic coastline. Mentioned as far back as the Domesday Book as “a manor called Selcoma”, it is no surprise that the village is recognised as a prime location.

The peace will, however, be momentarily shattered in February when the leading property auctioneers in the region, Westcountry Property Auctions, bring down the hammer on the 1926 Sampson designed Rock Cottage.

Rock Cottage is a fascinating property which is set to generate huge interest and excitement.  The house was designed in 1926 by locally renowned architect R W Sampson and is situated in an elevated position on a site with beautiful rural views to the sea.

With these attributes and at a guide of £300,000, the property should be of great appeal especially as properties in the village rarely come to the market. Although the house requires refurbishment, it has all the ingredients for a beautiful family home and it is no doubt an interesting property that Homes under the Hammer will be keen to keep a watchful eye on.

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Posted by: Nicola Severn Categories: Architecture and Design, Environment, Estate Agents, For Sale, House Prices, Interesting Properties, Property Auctions, Uncategorized Tags: , , , , , 2 Comments

2 Responses to Auction sales fuelled by bargain property hunters

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