Auction house ends year on a high

PUBLISHED: 10:00 29 December 2016

Rose Cottage, Bricket Wood - sold at auction for £576,000

Rose Cottage, Bricket Wood - sold at auction for £576,000

Archant

A leading auction house is proud to announce a great end to a bright year.

Toby Limbrick, Elliott Network AuctionsToby Limbrick, Elliott Network Auctions

Elliott Network Auctions say they enjoyed another excellent result at their December auctions in London and Birmingham – with an 86 per cent sales success and a total of £4.2m raised under auctioneers Guy Charrison and Richard Worrall.

This year the firm sold 85 per cent of lots offered and raised more than £42m – up by 15.5 per cent on 2015.

December auctions saw investors and owner-occupiers bidding in the room, by telephone and by proxy with a top price of £576,000 paid for a semi-detached cottage in Bricket Wood, near St Albans.

Other achievements included a speculative piece of land with a £1 reserve price reaching £7,500. And a three-bed semi went for £400,000 - £75,000 over the reserve figure, while several ground rent investment lots sold for up to 100 per cent above their reserves.

Toby Limbrick, of Elliott Network Auctions, said: “We shall be holding 11 auctions in 2017 – six in London and five in Birmingham and we fully anticipate increasing the number of lots offered and sold next year.

“If you are thinking of selling a property and the speed and certainty of a well conducted auction are attractive, please contact us to discuss the best options open to you.”

To find out more, check out Elliott Network Auctions at www.networkauctions.co.uk or call 01923 240240.

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