Records broken at Network Auctions February auction

Records broken at Network Auctions February auction

NAVA auction house of the year 2015, Network Auctions, enjoyed another successful sale in London on February 25th when a total of £7.7million of property successfully went under the hammer, breaking their previous record for sales values achieved.

A packed room at the Grosvenor House Hotel on Park Lane together with proxy, telephone and online bidding kept auctioneers Guy Charrison and Richard Worrall busy on the podium throughout the sale.

Star lots included:

Lot twenty four was a detached house in Christchurch which sold for £310,000; forty five thousand pounds above the guide price.

Lot sixty four was an unusual leasehold roof space with potential which sold for £57,000. More than double the guide price of £25,000.

The highest price achieved was for lot thirty nine, a freehold investment property which achieved a sale price of £980,000; one hundred and five thousand pounds above the guide price.


With lots included from thirteen of Network Auctions partner agents and covering twenty six counties across the UK there was wide cross section of properties for investors and others to purchase. This followed a highly successful conference held in January which galvanised Network Auctions’ partner agents to produce a record number of lots for the catalogue.

Network Auctions Managing Director Toby Limbrick said: “The total value of property sold was a record for Network Auctions and we were delighted with breaking our previous best total.The second day of Network Auctions’ sale is on March 2nd in Birmingham in conjunction with Pennycuick Collins where a further twenty three lots will go under the hammer.”

Join our mailing list:

Leave a comment



Latest Comments

Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

view article
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

view article
sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

view article
Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

view article
Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

view article
Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

view article
Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

view article
Samantha Goodman
Samantha Goodman 11 Aug 2017

It depends on the people, some older adults decide to make a long-distance move in order to live closer to their children or settle in a place with a lower cost of living.

view article
brandonlee10
brandonlee10 24 Jul 2017

The financial ramifications of the triggering of Article 50, the starting gun for Britain's departure from the EU, are far from clear. Buyers will be most cautious in London, given that buying a home in...

view article
IrisJ.
IrisJ. 19 Jul 2017

Great advice, but may I also add that when buying an already built home, make sure you do all of the proper inspections. Most importantly pest inspection because people tend to get surprised when they

view article
IrisJ.
IrisJ. 17 Jul 2017

The third point is, in my opinion, the most important one. People have become too inconsiderate and careless when it comes to rented properties. If a landlord wants to protect their property, regular visits...

view article
cornishalan
cornishalan 10 Jul 2017

Added to the cost of purchasing these village properties are the above average maintenance costs. Particularly where the property is a listed building or requires specialist building skills such as thatching...

view article

Related stories

More articles from Auctions

Property Finance Roadshow 2017

4th - 12th October

4 days
6 specialists
4 locations
Free to attend

Click here to register now