Attended the Lincoln County Property Auction at the Bentley Hotel hosted the estate agents JHWalter. There were 18 lots in all, 6 sold prior to auction and 2 were withdrawn, leaving 10 lots on the day. Auction kicked off at 11am on the dot, with the function room filled to the brim with around 150 people.
The first lot caught everyone’s interest, a 2 bedroom Victorian mid-terrace property in need of general upgrading offered by the City of Lincoln Council at a guide price of £55,000 with possible resale of £95,000. Well the bidding craze began and before you knew it the property was upto £81k, suddenly not such a great investment prospect…
All the properties / land sold on the day (except one) for the guide price or above (way above some cases), one property made the guide price but not the reserve, very interested game played by the actioneer.
The event was over in under 45 minutes, with a successful day had for the auction house…