Allsop announce December residential auction

Allsop announce December residential auction

Residential assets from across the country are anticipated to shine at Allsop’s next residential auction on December 14th.

The catalogue for the auction, which has just been released, features 247 lots and comprises a wide variety of investments from across the country with guide prices ranging from No Reserve to £3.5m.
 
As always, the demand for property in London and the southeast is robust but the appetite for investments in the regions is stronger than ever, especially in and around the UK’s biggest regional cities including Manchester, Birmingham and Leeds. Developments such as lot 151, a site with planning permission for 54 apartments and a working men’s club in Meanwood, close to Leeds city centre and guided at £750,000, is anticipated to be a popular lot.
 
Also likely to be popular is lot 196 a large detached building with planning permission to provide seven apartments and five new mews houses in Macclesfield, just outside of Manchester, guided at £550,000.

In London and the southeast demand remains good for quality and sensitively priced assets. This includes properties in sought-after locations such as lot 17, an attractive three-story end of terrace building comprising of three apartments in Maida Vale, guided at £1.6m - £1.7m.


There are a number of mixed use assets on offer including lot 82 in Waterloo that can ease the stamp duty burden and are anticipated to be of interest. Guided at £850,000+, this lot comprises of a ground floor shop and a four-bedroom maisonette above.
 
Richard Adamson, Partner and Auctioneer, Allsop said: “This catalogue is an eclectic collection of property types spanning the whole of the UK. There is renewed demand for assets in the regions that can offer investors, good value, stronger yields and potential for capital growth. Contrary to popular belief there is still strong appetite for properties in London and the southeast, the key as always is sensible pricing.  We are looking forward to another strong finish to the year.”

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Latest Comments

Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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