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3rd December Auction Results

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 Dedman Gray Essex Land & Property Auctions
Auction Results 3rd December 2014

3rd December

Results so far are here online with images and more details

Results PDF download

Another busy auction room, another impressive sale of lots in Essex and surrounding areas. 7 lots were sold on the day, two sold prior and one sold post auction out of 17 lots offered for sale – in excess of £1.13million of sales and a success rate of 60%. The auction team are presently chasing strong offers outstanding from the room and there are a number of very good buy to let and developer opportunities to be had.

Unsold lot opportunities

Sale of the Day No.1 – Guide Price £265,000
633 London Road

More details

Lot 05: 633 A,B,C London Road, Westcliff-on-Sea
Mixed Investment – still a winner at the right yield.

The building is in a prime Westcliff-on-Sea location and producing an annual income of £26,000 across residential and commercial parts – it was an offer to good to be true for the bidders in the room.

The eventual hammer price £290,000 (8.9% GY)

Sale of the Day No.2Guide Price £55,000
Brooke House

More details

Lot 02: 35 Brooke House, Basildon, Essex
This is one of the first original tower blocks and now a Grade II listed building. The pull of high yields in this prime town centre location took this two bedroom flat high above the guide.

The eventual hammer price £68,000
(approximtely 23.5% increase above advertised guide)

First Auction of 2015: 11th February – Closing date 16th January
Dedman Gray Auctions 01702 311010

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We are now seeking lots for our next Essex Land & Property Auction:

  • Vacant houses, flats or bungalows with potential
  • Investments – flats or houses let on assured shorthold, regulated or secure tenancies
  • Small building projects – sites/plots with or without planning consent
  • Inherited properties, where beneficiaries need closure and speed of sale
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Dedman Gray Auctions Ltd, 103 The Broadway, Thorpe Bay, Essex SS1 3HQ
Registered Office: 9 Nelson Street, Southend-on-Sea, Essex SS1 1EH
Registered in the UK: 6753193

Contact us at auction@dedmanauctions.com or call 01702 311010

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