Auction Success in 2016 as Records Tumble!

In front of a packed auction house with standing room only, Parsons Son & Basleys November auction raised close to £3 million pounds worth of property sales from the 15 lots that were available providing a success rate of 100%. Auctioneer Simon Caplin, said he was absolutely delighted the success of the latest auction where some of the final selling prices comfortably exceeded the anticipated reserve figures and with a record breaking over £19.5 million pounds worth of property transactions. “It has been a fabulous year, it really has, with some absolutely fantastic prices being achieved and on more than one occasion with contracts having been exchanged within hours of our clients having accepted their offers. We also enjoyed a success rate of 92.6% !’

Of the lots to remember, here are just a few of the highlights from a memorable 2016. Here are just a few of them:

Blatchington, Road Hove

Mixed residential/commercial investment

Viewing time 3pm

Offer received 3:10

Contracts exchanged 4:40pm

 

Shripney Road, Bognor Regis
House in need of updating

Guide price £350,000/£375,000

Sold in the auction room for £435,000

 

Seldon Road, Worthing

Former care home with planning permission for HMO

Viewing time 11am Monday

Offer received 11:30 Monday

Contracts exchanged 3 day later for in excess of £1 million

 

Millers Road, Brighton

Vacant ground floor flat

Guide price £150,000/£160,000

Sold in the auction room for £178,000

 

St Margarets, Rottingdean

2 bed flat let to protected tenant

Guide price £125,000/£135,000

Sold in the auction room for £153,000

 

Rutland Gardens, Hove

Ground floor flat in need of modernisation

Sold for in excess of £200,000

 

Selba Drive, Brighton

3 bedroom house in need of modernisation sold for £269,000 from a bottom end guide of £230,000

 

Norfolk Square, Brighton

One bedroom ground floor flat with a short lease sold for £183,000 from a guide of £160/£170,000

 

We even went as far as Sommers Road in Reigate.

And sold the 3 bedroom wing of a former manor house for in excess of £400,000

Then we had to cancel our June auction, because we sold every single property beforehand!

You see when we say ‘sold’ we really do mean sold as in exchanging contracts immediately and not simply agreeing a sale only for our buyers and sellers to be spending the next few months hoping nothing goes wrong. With the auction method of sale there literally is no time for anything to go wrong!

Thinking of buying and selling in 2017? Contact Simon Caplin on 01273 274010 or email SimonCaplin@psandb.co.uk