£17m raised at Auction House London sale

first_imgHome » News » Agencies & People » £17m raised at Auction House London sale previous nextAgencies & People£17m raised at Auction House London saleThe Negotiator29th December 20170403 Views Cheers sounded throughout the saleroom for Auction House London at its latest upbeat auction as the hammer came down on its first lot of the day at almost £100,000 above the guide price.500 people witnessed the tense bidding on a three bedroom terrace property in Edmonton, London, which started at £250,000 and sold for £344,000. The house in Montagu Road needed total modernisation and clearly appealed to a lot of buyers.The auction at the London Marriott Hotel in Regents Park raised n £17m (£17,219,000), with 90 lots on offer.Another highlight was a parcel of six acres of land in north Essex, with planning permission in place to build 49 properties. The land in Clacton started the auction with a guide price of £2.75m, finally selling for £2.9m.In Mill Hill, London a property needing refurbishment sold for £1.66m have started with a guide price of £1.65m. The five bedroom modern house had been damaged by previous tenants. The house which stands in ½ an acre could be developed with the right planning permission in place.Director and auctioneer, Andrew Binstock added, “We seem to have gone over our sales blip in the summer where this time, a packed auction room of people intent on buying, delivered the results we wanted. We had a good range of property, both residential and commercial, with an appetite for buying, to match.”London auction Auction House London Edmonton December 29, 2017The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img

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