ARCHIVE | Nov 2019 Results

2019 auct ion NOVEMBER 2019

residential sales | auctions ON SOLD EDITION SOLD

bristol and the west country's biggest property event

THE most successful AUCTIONEERS IN BRISTOL AND NORTH SOMERSET FOR THE LAST 8 YEARS *

* Source: EI Group 2010-2018, based on ‘amount raised’.

auction “ WELCOME TO BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT elcome to our final Sale of the year! 2019 has been a hugely challenging but, nonetheless, positive and rewarding year with some great highlights. Despite periodic blips caused by the obvious political frustrations together with a negative property media we have been able to maintain an overall average success rate of 83%, substantially higher than the national average! There has certainly been a notable increase in the number of vendors accepting high pre-auction offers which were unlikely to be exceeded in the saleroom emphasising the point that ‘Auction Means Action’ whether it is, before, during or even after an auction! our results W % SOLD 81 SEP’19

£ 7,698,000

TOTAL RAISED

To end the year we are delighted to present our most varied and action packed catalogue with some memorable lots including an abandoned rural Gem in an idyllic setting, a yet to be completed Cotswold Contemporary Masterpiece, a Backwell Bungalow, a period Clifton village town house, a North Somerset Abattoir, a monster Redland Nursing Homes, and just to prove that things have finally ‘not gone down the pan’ we have even managed to include some Bedminster Bogs! We have been delighted to have raised over £7,000 for our Charity of the Year, the Bristol Zoo Bear Wood Appeal, and look forward to announcing our 2020 Charity soon! DID YOU KNOW? Last year Hollis Morgan sold more £££'s of land and property by auction than all the other Bristol and North Somerset Auctioneers combined with over £43m of successful sales. And since we formed in 2010 we have sold the most £££'s of land and property by Public Auction in than all the other Bristol and North Somerset – EVERY YEAR! – and now with over £270 million of auction sales 2010-2018!

auctions

our 2018

% SOLD 85

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£ 44.7 M TOTAL RAISED

LOTS OFFERED SUCCESS RATE MARKET SHARE 183 85 % 24 %

Oliver Hollis olly@hollismorgan.co.uk

Bear Wood Project IS OUR CHARITY OF THE YEAR FOR 2019 www.wildplace.org.uk/bearwood

tel 0117 973 6565 | www.hollismorgan.co.uk | post@hollismorgan.co.uk

introducing …our auction team

the members of our team

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Sarah Western, Nick Heal, Lucinda Culpin and Calum Melhuish;

TOP ROW

Mike Hayne, George Harris. Karine Cadoret and Sarah Cocks.

BOTTOM ROW LEFT TO RIGHT

Andrew Morgan MBE Andrew is one of the most respected and well known estate agents and auctioneers in Bristol having spent a lifetime in residential agency and on the auction rostrum and is recognised as one of the most experienced provincial auctioneers in the country. His knowledge of property is second to none which is invaluable to one of the fastest growing agencies in the region. His love of Bristol and his obvious concern for others has led him to be involved in a huge number of charitable events throughout his career raising thousands of pounds by his entertaining charitable auctions. For this work he was awarded The MBE in The Queen’s Birthday Honours in 2013. He is chairman of several charities and is

property matters. He is currently actively involved in projects with St Mary Redcliffe church, All Saints Clifton and Clifton Village BID and other organisations in Bristol. Oliver Hollis BS C (HONS) Olly has worked in Estate Agency since 2003, beginning his career as Andrew’s junior negotiator at a local independent firm before moving on to auction assistant and eventually running the sales department. Olly then founded Hollis Morgan with Andrew in 2010.

Having been brought up in Clevedon his family moved to Bristol in the early 90s where with his two brothers he attended Clifton College. As a gap year he worked as a swimming pool salesman in Oxford before moving to Cardiff to complete a

Marketing Degree before returning to Bristol to start his career in property.

advisor to many others regarding

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 septemberauct ion highlights

“ he start of the September Auction was so frenetic that I thought I was witnessing a major upward swing in the residential market. One of those moments that when you look back you can almost pin point, the day and the hour when the graph of sale prices started a steep upward trajectory confirming the start of another periodic property boom. After fierce competition, the first Lot, an a former council house in Shirehampton, in need of modernisation with a price guide of £150,000, sold for an amazing £216,000 whilst a derelict house in Kingswood, no-one was able to view prior to the sale, achieved almost £60,000 more than guided. Some pre-auction offers were so strong that our clients did not wait for the auction as with a house in Greenway Road Redland where an offer of £130,000 above the asking price was received and accepted. Properties outside of Bristol also reflected this enthusiasm with sales of property and land in Nailsea, Alveston, Cold Ashton and Cheltenham. The euphoria did not last for the whole auction as there were other properties, with less to offer, where the bidding was not so keen and it was difficult to achieve sales. All this just reflects the complex times in which we live. Anything which can be described with that ubiquitous word ‘potential’ can produce a spectacular result. Less interesting situations are harder work. I look forward to an interesting and successful November Auction at the end of an unusual but, nonetheless, successful year. T

SOLD £216k

GUIDE PRICE : £150 K +++

SHIREHAMPTON

SOLD £830k

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GUIDE PRICE : £700k +++

REDLAND

” Andrew Morgan MBE andrew@hollismorgan.co.uk

hollismorgan – the results speak for themselves…

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

frequently asked questions

How do I book a viewing? The viewing schedule can be found in the property details – usually this is a fixed viewing once a week for 30 minutes.

How do I download the Legal Pack? Digital Copies of the Online legal pack can be downloaded via our website https://auctioneertemplates.eigroup.co.uk/guides.aspx?a=660&c=hom

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Can I make a pre auction offer? Some clients will consider pre-auction offers but you must wait for the legal pack and complete the offer form.

Can I book a valuation or a survey? If you would like to arrange a survey or valuation instruct your surveyor to contact Hollis Morgan

hollis morgan

residential sales | auctions

selling at auction – a brief guide

Hollis Morgan regularly hold the largest property auctions across Bristol and the West Country from our iconic Sale Room in Clifton, since we formed in 2010 we have sold the most £££'s of land and property by Public Auction in the region – EVERY YEAR! Between 2010 and 2018 we have held 51 auctions, offering over 1300 lots and raising £275m for clients across the region Did you know…Hollis Morgan sold more £££’s of land and property by auction than all the other Bristol Auctioneers combined in 2018 with over £43m of successful sales! We have approximately 40-60 lots per catalogue ranging from £10k to £3m and up to 750 people attend our iconic sales. The key benefits of a sale by public auction  Speed – Exchange on the night with 28 day completion  Closure – 10% deposit taken on the night and deal is done.

 Best possible price is achieved – and it is played out in front of your own eyes meaning no "what ifs!" Why Hollis Morgan?  We sell the most £££'s of property by auction in Bristol and the West Country.  Most Successful Auctioneers in the region since 2010.  Bristol's most experienced auctioneer, Andrew Morgan MBE.  Advertised online with auction specific posts on BOTH Rightmove, Zoopla plus many other search portals.  High profile weekly press campaign focusing on the Bristol Property Live newspaper with regular adverts in the Western Daily Press, North Somerset Times and Bath Chronicle.  Online Mailing list of 15,000 investors, developers, self-builders and family buyers.  Local, national, regional and international audience.  Most lots for sale and highest attendance.  Approximately 750 people attend our auctions.  Prestigious Clifton auction venue  Regional office covering Bristol and the West Country.  Experienced team offering expert advice. Download the full Sellers Guide or watch the video at www.hollismorgan.co.uk

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 Intense 6 week marketing campaign with local, national and international coverage  Access to a both traditional family buyers and the professional market.

 Control – you have set out your plans for buyers to follow - you are in charge  Reserve – you set a reserve which protects you from selling for less than you want.

You can download the full Buyers and Sellers Guides from our website www.hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

Hollis Morgan Auction Terms and Conditions apply. © Hollis Morgan Property Limited 2016

useful bidding tips BUYING at auction In advance of the auction, work out the top price you are prepared to pay for the property – it is very easy to be carried away in the excitement of the saleroom!

Make sure you obtain a bidding paddle and sit in a position where you can see the Auctioneer and, most importantly , where you can be seen.

The Auctioneer, as well as strategically placed spotters, will be scanning the room for bids. Last minute and unclear bids may not be seen.

The Auctioneer will call the successful bid three times and, if there are no further bids, the fall of the gavel will mean the property is sold .

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Bid clearly holding the bidding paddle high above your head to attract the Auctioneer’s attention.

The Auctioneer has the right to regulate the sale and his word is final .

Feel free to call out to attract attention if you think your bid has been missed.

Do not be afraid to ask for guidance from us – we are here to help you. Happy Bidding!

an exciting opportunity BUYING at auction

Four essential things to prepare for an auction • solicitors • survey • finance • ID Auctions offer a whole range of different and exciting property opportunities - why not see what is on offer? It may seem a daunting process to buy in a saleroom but if you follow these guidelines it is a very straightforward and enjoyable process. Do not be afraid to ask for guidance from us – we are there to help you. Can I attend an auction to see what happens? An auction is a public event you are most welcome to attend. We recommend that anyone thinking of buying by this method attends auctions in order to familiarise themselves with the process. How do I find out about new properties? Join our mailing list by either calling the office or send us an email via our website. How do I view the property? Viewings will be arranged and times published. You can view at these times without making an appointment. Arrive early to take advantage of the maximum viewing time. What is a price guide? An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition).

note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton. What is a legal pack? A legal pack is prepared by our clients solicitor and Digital Copies of the Online legal pack can be downloaded Free of Charge. *** STAY UPDATED *** By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale. Will I need a deposit? You will need to bring a cheque or debit card to the auction for the deposit of 10% of the buying price (minimum £2,000) which is payable to our client's solicitor. CASH IS NOT ACCEPTABLE . Is there a Buyers Premium? You will need to bring a separate cheque to the auction payable to hollis morgan for £1,000+VAT (total £1,200). Do I need ID? You will need to bring photographic identification with you on the sale night. See our separate download for full details. Can someone bid on my behalf? Someone else can bid for you. They should make themselves known to the auctioneer prior to the sale. They must be prepared to sign the contract on your behalf and pay the required deposit. They must also bring ID with them. For more information watch our Buyers Guide Video @ www.hollismorgan.co.uk Good Luck and Happy Bidding!

Both the guide price and the reserve price can be subject to change up to and

including the day of the auction. What is a reserve price?

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. Can I make an offer? Pre-auction offers can be only submitted by completing the OFFER FORM which can be downloaded within the online legal pack. Please note offers will not be considered until you have viewed the property and the COMPLETE legal pack has been released. In the event of an offer being accepted, the property will only be removed from the auction and viewings stopped once contracts have successfully exchanged subject to the standard auction terms and payment of the buyers premium to Hollis Morgan. Can I bid on the telephone? If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of £1,000+VAT) are required by the Auction Department at least two full working days before the auction. Should I have a survey? If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please

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You can download the full Buyers and Sellers Guides from our website www.hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

Hollis Morgan Auction Terms and Conditions apply. © Hollis Morgan Property Limited 2019

NEW OUR VALUE – ADDING PLANNING SERVICE

planning permission reducing risk; increasing value investment and think it has development potential? Want to know what it is worth and how best to sell it? Do you have a building plot, want to sell a section of your garden or purchased a parcel of land or garages as an

Hollis Morgan are asked to value land and potential sites on a daily basis and generally the value of the land is directly proportional to how much money a developer can generate or its GDV (Gross Development Value). The GDV generally defines the value and unless you have planning consents for a specific scheme it can often be difficult to judge by both us and your potential buyers – this is the Risk element . To solve this Hollis Morgan have created a partnership with planning professionals Stokes Morgan Planning Consultants to offer a complete service to reduce the risks to your buyers and maximise the sale value of your land.

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Stokes Morgan are known for providing a high quality, cost effective planning service whilst Hollis Morgan are the most successful auctioneers in Bristol and North Somerset. WHY US?

The PPA report helps reduce the planning risk and increase the value of your land without the time and costs of seeking outline planning permission.

PPA professional planning appraisal

We will provide a professional appraisal of the development potential of the site by qualified Chartered Planners which will include sketch layout/site plans which buyers will be able to use to give them a better indication on the potential of the site. We find that especially on smaller sites that a professional opinion illustrating a proposed scheme encourages buyers and a higher price is usually achieved . The PPA is paid for by your buyer upon completion on a no sale no fee basis – a charge of £700+VAT is added to the contract – they then have a £700+VAT credit to spend on planning with Stokes Morgan – everyone wins. The PPA report will include the following information:

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 What is a PPA?  Introduction  Constraints  Opportunities  Development Potential  Sketch Block Plans

hollis morgan residential sales | auctions

A typical PPA report

residential sales | auctions | the property cycle

THE PROPERTY CYCLE BUY AT AUCTION , BUILD OR REFURBISH . SELL WITH OUR RESIDENTIAL SALES TEAM . REPEAT THE CYCLE .

BUY

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BUILD

REPEAT

SELL

“ …our aim is to be the number one new homes agent in the city for small/medium size developments… CALUM MELHUISH

the property cycle | residential sales | auctions

we want your

renovated property…

Be a part of the hollis morgan property cycle… Many of our successful auction clients instruct the Hollis Morgan Residential Team to sell their renovated and new build properties. If you instruct our residential sales

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team to sell your renovated property, we will refund your buyers’ premium*.

Your property is only new to the market once... get it right first time with Hollis Morgan

turn the page to see some successful examples …

* Based on a 12 week sole agency agreement with a commission rate of 1.5% + VAT.

residential sales | auctions | the property cycle

BEFORE

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“ ” potential GDV £2.050-£2.145m… FOR SALE AT AUCTION : A Freehold parcel of land close to the City Centre with Planning Granted to erect 6 x houses. £480 K SOLD GUIDE PRICE : £465 K +++

ST WERBURGHS

IN THE AUCTION CATALOGUE WE SAID :

Freehold Land: 50-52, Sussex Place, St Werburghs, Bristol BS2 9QP

the property cycle | residential sales | auctions

NEW HOMES MARKETED EXCLUSIVELY BY HOLLIS MORGAN NEW HOMES

AFTER WITH PRICES RANGING FROM £340,000-£385,000

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A development of six townhouses SUSSEX MEWS is an exclusive development of just six contemporary three bedroom Freehold townhouses with bright and airy accommodation over three floors with courtyard gardens. Constructed to the highest environmental standards to ensure low heat loss and energy waste, whilst effortlessly blending into the surrounding neighbourhood. new homes

hollismorgan – not just auctioneers…

residential sales | auctions | the property cycle

BEFORE

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£550 K SOLD

GUIDE PRICE : £500 K +++

FRENCHAY

FOR SALE AT AUCTION : A large corner plot with Planning Granted to erect 8 x Flats and with scope for extra units subject to consents. “ ” further scope, subject to consents… IN THE AUCTION CATALOGUE WE SAID :

Development Site: 7-9, Frome Valley Road, Frenchay, Bristol BS16 1HD

the property cycle | residential sales | auctions

NEW HOMES MARKETED EXCLUSIVELY BY HOLLIS MORGAN NEW HOMES

AFTER WITH PRICES RANGING FROM £197,500-£315,000

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HELP TO BUY SCHEME FOR NEW-BUILD

A development of ten 1, 2 and 3 bedroom apartments ALBERTON COURT is an exclusive development of just 10 high specification 1,2 and 3 bedroom apartments, situated in the ever popular village of Frenchay which provides excellent access to Bristol City Centre and major motorway links. new homes

hollismorgan – not just auctioneers…

residential sales | auctions | the property cycle

BEFORE

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£250 K SOLD

GUIDE PRICE : £225 K +++

MONTPELIER

FOR SALE AT AUCTION : Freehold mixed use Georgian property (1967ft 2 ) arranged as Public House with residential accommodation above – now needs updating . “ ” freehold mixed use, needs updating… IN THE AUCTION CATALOGUE WE SAID :

Duke of Sussex: 7, Sussex Place, Montpelier, Bristol BS2 9QN

the property cycle | residential sales | auctions

NEW HOMES MARKETED EXCLUSIVELY BY HOLLIS MORGAN NEW HOMES

AFTER WITH PRICES RANGING FROM £230,000-£250,00

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HELP TO BUY SCHEME AVAILABLE

Just three superbly finished 1, and 2 bedroom apartments SUSSEX PLACE A stunning collection of just three superbly well finished leasehold apartments in this former Public House. Finished to a high specification throughout with Engineered Oak flooring to hallways, living and reception space, carpeted bedrooms, and solar power. Thriving central location. new homes

hollismorgan – not just auctioneers…

residential sales | auctions | the property cycle

BEFORE

PROPOSED ELEVATIONS

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£625 K SOLD

GUIDE PRICE : £560 K +++

BEDMINSTER

FOR SALE AT AUCTION : A Freehold corner parcel of land (0.156 Acres) with Planning Due for 6 x 2-bedroom houses . ***GDV of circa £2m*** “ ” planning granted for 6 x 2-bed houses… IN THE AUCTION CATALOGUE WE SAID :

Building Plot: Catherine Mead Street, Bedminster, Bristol BS3 1XH

the property cycle | residential sales | auctions

NEW HOMES MARKETED EXCLUSIVELY BY HOLLIS MORGAN NEW HOMES

AFTER WITH PRICES RANGING FROM £300,00-£320,000

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Six freehold luxury townhouses CATHERINE MEAD MEWS With aesthetically pleasing external finishes, carefully constructed to be energy efficient, and arranged over three levels: GROUND FLOOR ‘open plan style’ living, stylish contemporary kitchens and access to private enclosed lawned gardens; FIRST FLOOR two double-bedrooms and a family bathroom; SECOND FLOOR master bedroom with en-suite shower room. new homes

hollismorgan – not just auctioneers…

residential sales | auctions | the property cycle

BEFORE

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£395 K SOLD

GUIDE PRICE : £330 K +++

CLIFTON

FOR SALE AT AUCTION : A larger than average Hall Floor Flat with sole use of the front garden and four bedrooms – now in need of updating . “ ” IN THE AUCTION CATALOGUE WE SAID : larger than average, needs updating…

Hall Floor Apartment: 11 All Saints Road, Clifton, Bristol BS8 2JG

the property cycle | residential sales | auctions

NEW HOMES MARKETED EXCLUSIVELY BY HOLLIS MORGAN NEW HOMES

AFTER SOLD BY PRIVATE TREATY £599,950

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A superbly updated apartment 11 ALL SAINTS ROAD is an exceptional hall floor period apartment in a grand Victorian building, the property has been carefully refurbished and updated by its current owners, combining exquisite period features with modern touches to produce a stunning home. new homes

hollismorgan – not just auctioneers…

 PROPERTY INVESTMENT  DEVELOPMENT FINANCE  BRIDGING

We can offer independent advice for all your property auction related financial requirements AUCT I ON F I NANCE

If you are looking to finance your property needs at auction we can offer independent financial advice specifically suited to developers and investors, with…

our services include

auction finance options

 bridging and commercial finance  specialist for the self-employed



RESIDENTIAL AND BUY - TO - LET MORTGAGES

 residential, buy-to-let and remortgaging

 ‘agreement-in-principle’ from most lenders within hours

SECURED LOANS AND BRIDGING LOANS

LIFE COVER FOR FAMILY AND BUSINESS INCLUDING TRUSTS

COMMERCIAL MORTGAGES AND FINANCE

TELEPHONE : 0117 973 4300 E - MAIL : info@stevemears.com

PROTECTION AGAINST ILLNESS FOR FAMILY AND BUSINESS

Typically we charge a fee of £395 for processing the mortgage and this will be payable in two instalments. Initially £200 will be payable when we submit your application form to the lender and the balance of £195 will be payable within 14 days of the loan completing. If your mortgage proceeds to completion we will also receive any commission payable from the lender. Our fees are dependent upon your circumstances and therefore could be more than this. THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE COMMERCIAL FINANCE OR ADVICE ON WILLS AND TRUSTS. THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE SOME ASPECTS OF BUY TO LET MORTGAGES AND BRIDGING LOANS. Steve Mears Independent Mortgage Services is a trading name of Steve Mears Ltd, Registered in England and Wales – Registered Number 6180562; Registered office: 28 Alma Vale Road, Clifton, Bristol BS8 2HY; Directors: Steve Mears and Emma Mears. Steve Mears Independent Mortgage Services is an appointed representative of Owen and Associates, which is authorised and regulated by the Financial Conduct Authority. Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

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introducing steve mears – independent financial advisor the money man

Buy-To-Let (BTL)… personal names or limited company?

When discussing BTL with clients, we always 1. refer them to an accountant and 2. talk about using a Limited Company for the purchase. Of course, there are pros and cons to purchasing a buy-to-let in a limited company versus under a personal name, but the choice depends entirely on the individual circumstances of the borrower. As an experienced mortgage broker, with links to commercial brokers, we will be able to guide you on your options and give you more insight and information on what will be the best option for you. Why purchase a BTL using a limited company? In 2017, the government set out changes in the Budget, including a reduction in the amount of tax relief available for interest on BTL mortgages, being gradually reduced until only basic rate, 20% is available (by 2021). This means that landlords will pay tax on their entire rental income and will be unable to deduct the cost of mortgage interest. Higher rate tax payers will therefore pay a lot more tax and possibly to the point where they make no profit. This has led to an increase in the number of landlords purchasing BTL investments in a limited company, due to the fact that limited companies pay corporation tax, currently at 19% but reducing to 17% in April 2019. Differences in lending As a limited company is a separate legal entity, normally the lenders stress testing is more favourable, and they tend to relax this when it comes to rental calculations. (Usually rental income must cover 125% of mortgage payments, whereas this is 145% when lending is completed in a personal name.) However, mortgage costs are often higher for a limited company and additional stamp duty costs need to be taken into consideration.

Owners of more than four buy-to-let properties (portfolio landlords) will have to disclose all property details at end of September meaning that the portfolio will be assessed as a whole and if one property performs less well than others this will affect the underwriting of the whole portfolio. Advantages  Mortgage interest tax relief  No tax on dividends up to £2000  No income tax on retained profits allowing more funds to re-invest  Corporation tax is lower than income tax  Personal advances made to the Limited Company can be drawn back out of the company via Directors loans  Lenders tend to relax the stress testing when it comes to rental calculations Disadvantages  No Capital Gains Tax allowance when a company sells a property (individuals have £11,100)  Administration costs such as preparation of company accounts, filing at Companies House, initial set up costs, accountants’ fees  Possible higher mortgage rates and reduced number of lenders. If you’re interested in a Limited Company BTL, we are always available at the auctions to have a quick chat, or our office is on Alma Vale Road, right around the corner. Happy bidding and we hope to talk soon.

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Please remember YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE .

to contact Steve, email info@stevemears.com , telephone 0117 973 4300 or to find out more about Steve Mears Independent, visit www.stevemears.com

introducing Don McKeever – residential lettings investment advisor Just lettings, just Bristol Let us help you find an investment that works for you. The Bristol Residential Letting Co are an independent and impartial agent dealing exclusively in Bristol, exclusively in lettings. We can provide expert lettings advice on these auction lots. Our advice is free so get please get in touch.

What makes the best investment? Target the growing young professional market. Walking distance to the City Centre or on good transport links. Professional sharers will pool resources to rent a 3-4 bedroom house, maximising your rental income in the process. Finding houses that can be converted to flats offers good rental potential and capital appreciation. 1 bed flats/apartments are in high demand from high earning single professionals. Affordable homes are in demand so consider areas further from the Centre if the yield is attractive and the area has sufficient services and amenities. What has the best yields? A good gross yield in the Bristol market is currently around 5%. It is possible to achieve much higher gross yields of up to 10% by investing in high density HMOs. They do however require intensive management with high turnover of occupants creating risk of increased void periods. The 1 bed market in or close to BS1 can offer you a high calibre tenant, opportunity for capital growth, and a 5%+ gross yield. What do the best tenants want? Modern, stylish, clean and low maintenance properties. The days of magnolia walls and cream carpets are long gone. Stylish grey tones and minimalist finishes are in demand. This can be evidenced with most new build developments appearing in the City. Corporate lets can make for secure tenancies and their requirements will range from stylish studio apartments to large 4 bed houses. Regardless of the size of property, the same expectations for quality of finish applies.

What properties have the best chance of capital growth?

The Bristol market has seen strong capital growth over the last decade. With the London market becoming unaffordable for a lot of investors, we have seen more money invested in Bristol instead. More owner occupiers are also choosing to live in Bristol while working in London. Extensive redevelopment of the Harbourside area and future plans for redevelopment around Temple Meads have also helped push asking prices up. Victorian and Edwardian Houses are always in high demand and have seen strong growth due to their spacious layout and flexible space. What type of properties command strongest rents? Premium properties command premium rents. City Centre 3-4 bed houses are in short supply and so command strong rents when marketed. Unique properties such as conversions of interesting buildings (eg. The General Hospital) are prime real estate and offer high rents compared to other stock in the same area of the same size. What locations are most desirable? Clifton has long been seen as one of the most desirable areas of the City. However, premium rents and sale prices in Clifton have encouraged people to settle in other areas. This has resulted in areas such as Southville becoming one of the most desirable areas to live for those that cannot afford Clifton. The Harbourside will always maintain high demand with its close proximity to all that Bristol has to offer. Areas on the periphery of the City Centre such as Brislington, St George, Montpelier and Easton are becoming more popular and are seen as the more affordable places to invest in today’s market.

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The Bristol Residential Letting Co.

SOUTHVILLE OFFICE

CLIFTON OFFICE

To contact Don, email don@bristolreslet.com , telephone 0117 370 8818 or find out more about The Bristol Residential Letting Co by visiting www.bristolreslet.com

SOUTHVILLE OFFICE : 0117 370 8818 CLIFTON OFFICE : 0117 973 5237

Who and what are RESOC?

The UWE Real Estate Society (RESOC) was founded in 2017 by 3, second year UWE 'Real Estate' students and has grown into a great tool for the student body to take their interest in property

to the next level and get real world experience and make their own connections. The society works closely with the course lecturers and similar societies at other universities to organise great events and help improve the employability of our members.

• Offering talks from industry experts so that UWE students have better commercial knowledge. Who can join the society? All UWE students past and present are more than welcome to join our society, but we specifically focus on attracting students interested in employment in the built environment. We are very keen to hear from UWE property alumni and rebuild connections with them . More information about what we do is available on our website: www.resoc.co.uk and you can get in touch with us via email at: info@resoc.co.uk or speak to one of us this evening at the auction.

Who are the committee? We are a committee of 5 people consisting of various roles from different RICS accredited courses at the University of the West of England (UWE). We run the society because we are all focused on improving our career and building our networks from as early as possible and getting to know everyone on our courses. What is the aim of the society? The aim of our society is to help our members to develop employability, extend networks and build friendships. We do this by: • Organising social events for everyone to get to know people in different years and courses. • Giving our members opportunities to interact with industry experts by hosting events that will attract both professionals and students.

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BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

Hollis Morgan Auction Terms and Conditions apply. © Hollis Morgan Property Limited 2019

£190 K SOLD

LOT 1

GUIDE PRICE : £115 K +++ 20, SHERBOURNE STREET, ST GEORGE, BS5 8EH

St George

PROPERTY AREA 1009.9 ft 2 /93.8 m 2

On the market for the first time since June 1963 A Freehold mid terraced period property (1009ft 2 ) arranged over two floors with an enclosed rear garden located just off Church Road within the popular suburb of St. George. Now requires complete updating but would make a fine family home in this sought after location. • Attic conversion Scope for an attic conversion (stc) • Flat conversion Scope to convert the property into 2 self contained flats (stc) • HMO Student Let Potential for 4+ Tenants on an HMO style basis. • Rental Appraisal The Bristol Residential Letting Co. • Sold with Vacant Possessio n • Family Home for updating

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3 bed house: £1200-£1300pcm 2x 1 bed flats: £750-£800pcm HMO (4 TENANTS ): £1500-£1600pcm

SOLICITORS

contact:

Sue Rzeznicki, Gregg Latchams

Sue.Rzeznicki@gregglatchams.com

£87 K SOLD

LOT 2

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PUBLIC CONVENIENCES, HIGH STREET, WESTBURY-ON-TRYM, BS9 3BY

GUIDE PRICE : £50 K +++

Westbury-on-Trym

SOLD AT AUCTION ON BEHALF OF BRISTOL CITY COUNCIL

PROPERTY AREA 294.9 ft 2 /27.4 m 2

Freehold Development Opportunity ***Sold with Vacant Possession*** A Freehold public convenience (no longer in use) with pedestrian access from Westbury High Street to the North West of Bristol's City Centre and is advantageously placed with a host of amenities on the doorstep. • Size: 294ft 2 • Sold with Vacant Possession • Quirky Opportunity A unique chance to purchase an unusual Freehold property in a prime trading position. Would suit a number of commercial ventures subject to consents.

SOLICITORS

contact:

Janet Hartnoll, Lawyer (Property), Property Team - Bristol City Council

janet.hartnoll@bristol.gov.uk

£128 K SOLD

LOT 3

GUIDE PRICE : £120 K +++ 4A, OLD CHURCH ROAD, CLEVEDON, BS21 6NA

Clevedon

PROPERTY AREA 953.9ft 2 /88.6 m 2

Flat with garden and parking A self contained 2/3 bedroom leasehold first floor flat with private entrance, sole use of the rear garden and parking space to the front of the property within the popular North Somerset town of Clevedon. • Sold subject to existing tenancy • Investment The flat is currently let on a rolling AST agreement producing £500 pcm. (Tenant in situ since 2010) We understand that subject to updating there is scope to increase the rent. • Basic updating: 3 bedrooms The flat would now benefit from some basic updating and there is also scope to use the reception room as Bedroom 3. NB: The shop tenant has the right to leave a bin in the garden/parking area.

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SOLICITORS

contact:

Nathan Iwanier, Bude Nathan Iwanier Solicitors

e: ni@bnilaw.co.uk

£80 K SOLD

LOT 4

PPA professional planning appraisal

LAND ADJACENT TO, 41, POOL ROAD, SOUNDWELL, BS15 1XN

GUIDE PRICE : £80 K +++

Soundwell

Freehold land with development potential A Freehold parcel of land formerly gardens adjacent to 41 Pool Road located within the popular suburb of Soundwell. • Sold with Vacant Possession • Development Potential We understand there is development potential for a detached dwelling on the plot. No planning has been granted or previously sought. All development subject to gaining the necessary consents. • Professional Planning Appraisal (PPA) Our clients have instructed planning consultants Stoke Morgan to prepare a report on PPA

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the development potential of the land. Please refer to the online Legal Pack.

SOLICITORS

contact:

Katrina Bartlett, Wards solicitors

Katrina.Bartlett@wards.uk.com

£220 K SOLD

LOT 5

GUIDE PRICE : £200 K +++ 45, SANDY PARK ROAD, BRISLINGTON, BS4 3PH

Brislington

PROPERTY AREA 1231.1 ft 2 /114.4 m 2

Mixed Use Investment A Freehold mid terraced property with accommodation arranged over two floors comprising a ground floor retail unit and self contained 2 bedroom flat on the first floor located on the vibrant Sandy Park High Street within the popular suburb of Brislington. • Mixed Use Investment Retail Unit The retail unit is offered with vacant possession but was previously occupied by an independent estate agent. We understand the rental income for the unit should be in the region of £900 pcm. Self Contained Flat The first floor flat is let on a 6 Month AST contract for £700 pcm and is offered in good decorative order. • Potential Income of £19,200 pa

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SOLICITORS

contact:

Cooke Painter, Mihaela Hyett

mihaela.hyett@cps-sols.co.uk

£170 K SOLD

LOT 6

SEPTEMBER HOUSE, 51, UPPER KINCRAIG STREET, ROATH, CF24 3HB

GUIDE PRICE : £140 K +++

Roath CARDIFF

PROPERTY AREA 725.7 ft 2 /67.4 m 2

Investment or renovation project A Freehold mid terraced period property (725ft 2 ) arranged over two floors with an enclosed rear garden located on a residential street of similar period properties in the suburb of Roath close to the centre of Cardiff with excellent access to both universities. • Sold with Vacant Possession • Family Home for updating Requires updating but would make a fine home and once renovated will have a value in excess of £200,000. NOTE: 69 Upper Kincraig Street SOLD @ £212,000

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in September 2019 • HMO/Student Let

Potential for 3+ Tenants on an HMO style basis in this sought after location close to both universities

SOLICITORS

contact:

Jessica Villis,Hugh James Solicitors

e: Jessica.Villis@hughjames.com

22, REDLAND PARK, REDLAND, BS6 6SD

£1.775 MILLION SOLD

7 LOT

PROPOSED SCHEME

Prime Development Opportunity The property has over 8,000ft 2 of accommodation arranged over four floors and retains many of the original period features. ***Sold with Vacant Possession*** The property is offered with vacant possession and will suit a wide range of potential uses subject to gaining the necessary consents . Luxury Residential Conversion Ideally suited for a residential conversion with a proposed scheme of 8 flats and a detached coach house (stc) with a GDV of £3,871,000- £3,995,000 No planning for a residential scheme has been previously sought. Family Home(s) The property would make a formidable family home with separate annex ideal for business or staff quarters. Alternatively the property could be split into 2 units (stc). Commercial Use The property previously operated as a successful nursing home and would suit a similar operation. (stc) Location Redland is amongst the most sought after and coveted locations in the city and remains an incredibly popular suburb. There are excellent amenities on the nearby Whiteladies Road which provide a wide range of supermarkets, shops, restaurants and pubs. A choice of primary and secondary schools are nearby. In addition, there is excellent access to the City, as well as to Cribbs Causeway and the motorway network. The property is ideally located for both Bristol University and the Bristol Royal Infirmary. Rental Appraisal Refer to legal pack

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PROPOSED SCHEME/GDV UNIT 1 2 Bedroom Coach House

TOTAL GDV £3,871,000-£3,995,000

1033ft 2

GDV £542,000-£568,000

UNIT 2 2 Bedroom Flat

664ft 2

GDV £369,000-£379,000

UNIT 3 2 Bedroom Flat

753ft 2

GDV £380,000-£390,000

UNIT 4 2 Bedroom Flat

710ft 2

GDV £375,000-£385,000

UNIT 5 2 Bedroom Flat

775ft 2

GDV £446,000-£456,000

UNIT 6 2 Bedroom Flat

710ft 2

GDV £416,000-£427,000

UNIT 7 2 Bedroom Maisonette

700ft 2

GDV £395,000-£405,000

UNIT 8 3 Bedroom Flat

1194ft 2

GDV £524,000-£550,000

UNIT 9 2 Bedroom Flat

818ft 2

GDV £424,000-£435,000

£1.775 MILLION SOLD

LOT 7

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22, REDLAND PARK, REDLAND, BS6 6SD Prime development opportunity

GUIDE PRICE : £1.5m +++

Redland

n imposing Freehold detached period property occupying a prime position on a substantial plot with double driveway and additional detached coach house. Sold with Vacant Possession. A

SOLICITORS Francis Montagu, Bennetts Solicitors

contact: francis.montagu@bennettlaw.co.uk

£122 K SOLD

LOT 8

GUIDE PRICE : £85 K +++ 28, DYNEVOR STREET, TREDWORTH, GL1 4ST

Tredworth GLOS

PROPERTY AREA 1187.0 ft 2 /110.3 m 2

Terrace for updating A Freehold mid terraced period property (921ft 2 ) with accommodation arranged over two floors and an enclosed rear garden located within the popular

38

suburb of Tredworth in Gloucester. • Sold with Vacant Possession • Requires updating

The property has been let for a number of years and now requires complete updating but would make a fine family home or investment in this central location. There is also scope to convert the various outbuildings at the rear of the property to create further accommodation. • Attic conversion Scope for an attic conversion (stc) • Flat conversion Scope to convert the property into 2 self contained flats (stc) • HMO/Student Let Potential for 4+ tenants on an HMO style basis.

SOLICITORS

contact:

Katie Mills, Gorvins Solicitors – Stockport

tel 0161 930 5260, e: Katie.Mills@gorvins.com

£220 K SOLD

LOT 9

Proposed Development/GDV GROUND FLOOR FLAT 442ft 2 Estimated Value £150,000 FIRST FLOOR FLAT 322ft 2 Estimated Value £145,000 TOP FLOOR FLAT 365ft 2 Estimated Value £130,000 GDV £425,000

404, WHITEHALL ROAD, WHITEHALL, BRISTOL BS5 7BU

GUIDE PRICE : £200 K +++

Whitehall

CURRENT PROPERTY AREA 544.1 ft 2 /50.6 m 2

Freehold development opportunity A Freehold semi detached property arranged over three floors with garden to rear. Whitehall Road is one of the main link roads within Whitehall and provides direct access to both Speedwell and St. George • Sold with Vacant Possession • Development – Planning Granted Planning has been granted to convert the existing building into 3 x 1 Bedroom Flats (19/03828/COU). We understand the proposed GDV for the completed units is in the region of £425,000 Please note NO CIL payment is payable on this development • Side Dormer – Planning Granted Please note planning has also been granted for a side dormer on the top floor (19/03948/F). • Rental Appraisal The Bristol Residential Letting Co. 1 bedroom flat: £650pcm-£700pcm

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PROPOSED SCHEME

SOLICITORS

contact:

Luke Boyce, Fursdon Knapper – Plymouth

Tel: 01752 309090

LOT 10

EXISTING SITEPLAN

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LAND ADJACENT TO, 33, STATION ROAD, ST. GEORGES, WESTON-SUPER-MARE BS22 7XN

GUIDE PRICE : £25 K +++

St Georges WORLE

Land with potential A Freehold parcel of land with vehicular access from Station Road - a quiet residential street in St Georges within the popular North Somerset Village of Worle near Weston-super-Mare. • Sold with Vacant Possession. • Development Potential – Bungalow Planning was recently sought for a detached bungalow. We understand the application was withdrawn as the applicant ran out of funds to complete the process. Details of the planning application can be found below. • Alternative Scheme There may be scope for either garages or storage on the site. ** All subject to gaining the necessary consents ***

PROPOSED SITEPLAN

• Planning – Withdrawn REFERENCE : 19/P/0183/OUT

APPLICATION RECEIVED : Fri 25 Jan 2019 APPLICATION VALIDATED : Wed 10 Jul 2019

PROPOSAL : Outline application for the erection of a single storey dwelling with all matters reserved for subsequent approval STATUS : Decided DECISION : Withdrawn by applicant DECISION : Issued Date Mon 02 Sep 2019

SOLICITORS

contact:

John Shirley & Co

01278 780202; office@johnshirleylaw.co.uk

WITHDRAWN

LOT 11

9, MONKTON ROAD, HANHAM, BS15 3JF

GUIDE PRICE : £245 K +++

Hanham

PROPERTY AREA 1370.5 ft 2 /127.3 m 2

Semi for updating A Freehold semi detached 1930's property (1370ft 2 ) with spacious accommodation arranged over two floors and a generous enclosed rear garden located just off the main High Street within the popular suburb of Hanham. The property has been extended over the garage with a single storey extension to the rear. • Sold with Vacant Possession. • Family Home for updating Now requires updating but would make a fine family home • Extension/attic conversion Scope for attic conversion or rear extension (stc) • Flat conversion Scope to convert the property into 2 + self contained flats (stc) • HMO/Student Let Potential for 5 + Tenants on an HMO style basis. • Rental Appraisal

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The Bristol Residential Letting Co. 4 bedroom house: £1500-£1600 1 bedroom flat: £700-£750 2 bedroom flat: £850-£900 3 bedroom flat: £1000-£1100

SOLICITORS

contact:

Jon Evans, Star Legal

01454 414 342; jon.evans@star-legal.co.uk

the auction process BUYING at auction

1 Choosing a Lot Full details of the current catalogue can be found on our website. You can also find ‘coming soon’ lots here

5 Pre Auction Offers Some clients will consider pre-auction offers but you must wait for the legal pack to be completed.

2 Viewings Most lots have a fixed weekly viewing schedule published on our website – no need for an appointment, just arrive in the time slot.

6 Auction Night The Auction is open from 18:15 and you will need to register before you can bid.

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3 Legal Packs Digital copies of the legal pack can be downloaded online FREE via our website.

7 Identification You will need to bring two sets of ID in order to register .

4 Surveys If you would like to book a valuation or survey , instruct your surveyor to contact our offices.

8 Payment You can pay the deposit by either a cheque or debit card – cash or credit cards are not accepted.

Do not be afraid to ask for guidance from us – we are here to help you.

the widest range of

property from across the region

£75 K SOLD

LOT 12

PROPOSED SCHEME

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DEVELOPMENT SITE TO THE REAR OF, 28, BISHOPSWORTH ROAD, BEDMINSTER, BS13 7JJ

GUIDE PRICE : £70 K +++

Bishopsworth

PROPOSED SCHEME

Development opportunity – Planning Granted

A Freehold semi detached industrial unit located to the rear of 28 Bishopsworth Road with vehicular access. Located within the popular suburb of Bedminster on the edge of the border with neighbouring Bishopsworth.

•Sold with Vacant Possession . • Planning Granted – House

Planning has been granted (17/04317/F) to demolish the existing unit and erect a quirky 2 bedroom split level house in this sought after location. Planning Information Full details of the proposed scheme and drawings can be downloaded with the online legal pack. • Rental Appraisal The Bristol Residential Letting Co. 2 bedroom house: £950pcm-£1000pcm

SOLICITORS

contact:

Sue Morris, Michael Kelly & Co

email: suemorris@incegd.com

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