Our first property auction of 2012 was held on Wednesday 14th March 2012 at The Garden Room of The Stone Manor Hotel and was a great success. There was a terrific response to our marketing campaign creating a vast number of viewings which resulted in a packed sale room on the night and spirited bidding. Equally we have no doubt that our prestigious new venue – The Stone Manor – also played an important role in the success too being a landmark location, extremely convenient to get to and offering lots of parking.
Of the eight properties offered six were sold under the hammer and the results were as follows:
5 Comberton Road, Kidderminster had a guide price of £50,000 - £60,000. This three storey Victorian house received over 40 viewings and pleasingly it sold just over the top end of the guide price for £61,000.
22 The Foxholes, Kidderminster is a classic bay fronted inter-war house set within the Greenhill area of Kidderminster and was guided between £75,000 & £90,000. Again there was strong competition to purchase producing a good sale price of £90,000. As with Comberton Road there was intense viewing activity.
56 Puxton Drive, Kidderminster is a three bedroom semi-detached house set within the popular Marlpool Gardens estate and has a privileged position overlooking the Puxton Marsh Nature Reserve. The guide price was £100,000 - £120,000 and once more a sale was achieved at the top of the guide price with the hammer falling at £120,000.
28 – 29 New Road, Kidderminster is a little different from the other lots, in that, it is a commercial property suitable for a variety of different uses. The guide was £60,000 - £70,000 and a sale at £65,000 followed.
19 March 2012
Over in Stourport-on-Severn the sale of Goldthorn Bungalow located in Titton saw some determined bidding. This was a small but interesting bungalow having a semi-rural position and being set in about 0.3 of an acre and with planning permission for extension. The guide was £75,000 - £100,000 but this was well exceeded making an excellent price of £114,000.
Lastly, the star of the show came to be 10 Heathfield Crescent, Kidderminster. Heathfield Crescent is a small cul-de-sac at the top of Greatfield Road. The property is a small 1930’s two bedroom semi-detached house in need of extensive refurbishment but having immense potential for extension (subject to planning permission). The house was guided between £75,000 & £1000,000 and there was incredible interest. In all there were nearly 60 viewings. This sale produced a few moments of drama with the hammer almost falling only then for a fresh bid to be made. The eventual sale price was a very impressive figure of £122,000.
In conclusion, realistic guide prices are essential in order to generate good initial interest but the other key factor in obtaining a good price at auction is often the lead time allowed for marketing. Anywhere between four and eight weeks is ideal and with this in mind we are now seeking lots for our May auction. The next sale is scheduled for Wednesday 16th May 2012 and should you have any land or property of any type ideal for sale by public auction or just a requirement for a fast and secure sale, then we would be absolutely delighted to try and help.
We are now registering new entries for our next auction sale which is scheduled for Wednesday 16th May 2012. For a free valuation please contact your nearest Phipps & Pritchard with McCartneys office or call Kidderminster on
01562 822244
Review of Last Sale by Nick Millinchip, Partner