August auction sales raise £7.28 million for First for Auctions sellers

August auction sales raise £7.28 million for First for Auctions sellers

The featured sales show both sides of August’s results: a £70,000 uplift for a detached house in High Wycombe, a 28% uplift for a Reading apartment and a £59,000 increase for a short-lease flat in Oxford. Together, the three properties achieved £154,000 above their combined guides.

 

High Wycombe detached house sells for £670,000

2814297_web_medium.jpg

Guide £600,000  |  Sold £670,000 |  Uplift 12%  |  View property

At 75 Hamilton Road, High Wycombe, a four-bedroom detached house sold before the auction for £670,000 against a £600,000 guide. That was £70,000 above guide, an uplift of 12%.

The house offered approximately 1,769 sq ft of accommodation, including separate sitting and dining rooms, a kitchen and breakfast room, utility room and garage. Its size and location gave buyers a substantial family home to consider, with access to High Wycombe town centre and local schools.

The Hamilton Road sale also shows that sellers can consider an acceptable offer before the auction bidding date arrives.

 

Reading apartment achieves 28% above guide

2782759_web_medium.jpg

Guide £90,000  |  Sold £115,000 |  Uplift 28%  |  View property

11 Capital Point, Temple Place, Reading, sold for £115,000 from a £90,000 guide, adding £25,000 and achieving an uplift of 28%. The online auction recorded 34 bids.

This one-bedroom apartment offered approximately 463 sq ft of accommodation, with a reception room opening onto a private balcony, a separate kitchen, double bedroom and bathroom. Offered with vacant possession, it provided options for both a buyer seeking a home and an investor considering a letting purchase.

Its position within reach of Reading town centre and the station was another practical feature for prospective buyers to assess. The sale brought a modern apartment into the same auction programme as larger houses and properties requiring a more specialist buyer.

 

Oxford short lease apartment sells for £329,000

2793207_web_medium.jpg

Guide £270,000  |  Sold £329,000 |  Uplift 22%  |  View property

Flat 1, Marston Ferry Court, Marston Ferry Road, Oxford, achieved £329,000 against a £270,000 guide. The £59,000 increase represented an uplift of 22%, with 46 bids recorded.

The ground-floor apartment offered two double bedrooms, a living room, kitchen and bathroom, together with residents’ parking. Located in North Oxford, it was conveniently placed for Summertown and transport across the city.

The property was advertised to cash buyers because of its lease length, with approximately 53 years remaining. That was a material consideration for anyone assessing the purchase. The result offers a relevant example for owners whose property has a lease issue and who want to explore whether an auction sale could suit their circumstances.

 

Considering selling at auction

If you are weighing up a sale, the next step is a conversation about your property, its condition and your preferred timing. We can discuss a suitable guide and reserve, explain the preparation involved and help you decide whether auction is appropriate. Referring estate agents are also welcome to contact the team about a property they are handling.

Book your auction valuation here

Get more insights like this straight to your inbox
By submitting the form, you agree to our Privacy Policy.
Image

Get in touch

Got a question, general enquiry or something else?

You may also like