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
5
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
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