Auction Summary and Amazing Result in Kidderminster!

Fri 14 December 2018

Regular McCartneys auctions happen right across the firm and over in the North Worcestershire area with operations being overseen under our Phipps & Pritchard brand. Phipps & Pritchard with McCartneys Partner, Nick Millinchip is based at our busy Stourport-on-Severn Office in the Wyre Forest district and comments as follows:-

"2018 has been another superb year for our regular public auction sales."

 

Auction success

Of the many auction highlights for Phipps & Pritchard with McCartneys across North Worcesterhire, this year’s sale of Melzer House in Kidderminster was perhaps the most sensational. The property is an Art Deco Style building located in the Horsefair area. It was formerly The Bird in Hand P.H before being converted to 11 flats in the late 1980's and functioning as a letting investment property. We offered the freehold with a guide price of £400,000 to £500,000 yet the final selling price absolutely sky rocketed to an incredible £652,000!

We almost always exceed our client’s expectations, but as with most things in life, things which may look easy often aren’t and take lots of skill and expertise to get right. The absolute key for success starts very simply though, and that is time, as the earlier you instruct us pre-sale then quite naturally the more we can do!

Forthcoming sale - Tuesday 12 March 2019

To this end, our next sale is planned for Tuesday 12 March 2019 and we already have other lots registered to be sold that night. If we can take advantage of a 2 month lead time by commencing the initial marketing of your property in mid- January then that is absolutely textbook!

Venue

We hold our Wyre Forest auction events at Hogarths Stone Manor Hotel, Kidderminster - a renowned and high class venue with plenty of parking!

Boutique style with expert care and attention.

Our auctions are run in a very much boutique style fashion as it is actually our own sale meaning that no third party is involved. Therefore, we can give our properties special attention and high quality marketing. This is said on the basis that many agents have ties with the big auction houses and properties then become faceless getting lost in huge catalogues which is far from the case here.

Benefits of public auction

Conducted in our expert style, this method of sale will without question deliver complete transparency thereby ensuring that your property or land is definitely not undersold, in that, the market will have been extensively tested which hopefully will then lead to very competitive bidding and therefore a premium price on the night. A further nicety about this method of sale is that it will also guarantee a fast and secure no hassle transaction underpinned by 10% deposit – this versus an open market sale whereby a would-be buyer might then try to come back re-negotiate the price, stall for time or even abort the purchase altogether.

Pre-auction offers

Marketing for a sale by Public Auction can also give the best of 'both worlds' too as if say a very attractive pre-auction offer should be received then that can be considered by some people to become an immediate agreement for sale but at the same time does not prejudice the position of the seller. To the contrary it creates an incredibly powerful position for a seller as not until such time as contracts are exchanged would we cease auction marketing and failing a successful and secure exchange then the property would still be offered for sale under the hammer as planned.

Free valuation

Looking to sell land or property in North Worcestershire or even into the Black Country areas? Call the auction experts today for a free valuation!

Contact

Nick Millinchip can be contacted at our Stourport-on-Severn Office on 01299 822060 or by email - nmillinchip@phippsandpritchard.co.uk

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