Property Renovations Ely Ltd

Attended the JHWalter Property Auction at the Bentley Hotel in Lincoln. Much of the auction items consisited of land and sold for guide price in most cases. As usual there was a bogie, which was a 0.66 Acre of woodland at Winson Hill, Egmanton, Newark. Priced at £5,000 this was clearly going to sell for a lot more…

Upon announcing this lot, the bidding frenzy began and eventually ended up at £16,500. All round a good days work the for the auction house.

Next auction planned for the Autumn 2007, with the typical 20+ lots included, could be more land than property. I guess we will have to wait and see…

Property Renovations Ely

Attended the County Property Auction at the Bentley Hotel in Lincoln 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 There were 18 lots in all, 6 sold prior to auction and 2 were withdrawn, leaving 10 lots on the day.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…