Hollis Morgan | Essential Guide to Buying @ Auction

Everything you need to know about buying land & property @ LIVE ONLINE auction!

bid from anywhere | online or mobile auction LIVE ONLINE YOUR ESSENTIAL GUIDE TO BUYING LAND & PROPERTY @ AUCTION

hollis morgan | the results speak for themselves

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

auctions offer a wide range of different, exciting, and sometimes unusual property opportunities for buyers – why not see what is on offer?

THE MOST SUCCESSFUL

AUCTIONEERS IN THE REGION SINCE 2010

hollis morgan | the results speak for themselves

hollis morgan BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT

why hollis morgan auctions ?

THE MOST SUCCESSFUL AUCTIONEERS IN THE REGION SINCE 2010

LIVE ONLINE

“Auction is a transparent, easy and quick way to buy property or land!” OLLY HOLLIS “Auctions offer a unique opportunity to bid on a wide range of property opportunities!” ANDREW MORGAN MBE

auctions

KEY REMINDERS stay up-to-date with our auction lots on our website request a viewing online you may be able to make a pre- auction offer on your chosen lot you must register to be able to BID watch the action streamed live

andrew MORGAN MBE

andrew @hollismorgan.co.uk

olly HOLLIS

olly @hollismorgan.co.uk

don’t be afraid to ask for guidance from us – we are here to help you

hollis morgan | the results speak for themselves

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

THE MOST SUCCESSFUL

248 # LOTS SOLD 2024 65.8 £m TOTAL RAISED 2024 97 % SUCCESS RATE 2024 24 AVERAGE % ABOVE GUIDE 2024

AUCTIONEERS IN THE REGION SINCE 2010

hollis morgan | the results speak for themselves

hollis morgan BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT

why hollis morgan auctions ?

THE MOST SUCCESSFUL AUCTIONEERS IN THE REGION SINCE 2010

THE MOST SUCCESSFUL

Our proven strategy works – the results speak for themselves… Our marketing strategy provides a regional, national and international platform, allowing your property to reach the largest possible

AUCTIONEERS IN THE REGION SINCE 2010

olly HOLLIS

olly @hollismorgan.co.uk

audience via our own website, the leading property portals, press advertising, targeted marketing and our unrivalled mailing list. This is what our marketing campaign can achieve for your property .

LIVE ONLINE

#DID YOU KNOW? n Hollis Morgan Sold the most amount (£65.8m) of land and property by auction in our region for the 14th year running! n Hollis Morgan achieved a 97% success rate on lots offered in 2024! n 26% of all the regions auction lots were successfully Sold by Hollis Morgan in 2023 n Since 2010 Hollis Morgan have Sold More Lots by auction (£595m) than any other firm in the region – 61% more than our closest rival. n The Hollis Morgan team has over 200 years combined estate agency experience!

auctions

our marketing strategy and reach are key to our successful auctions

hollis morgan | the results speak for themselves

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

why hollis morgan auctions ?

THE MOST SUCCESSFUL AUCTIONEERS IN THE REGION SINCE 2010

! The 2024 Leader Board of successful, Bristol, North Somerset and Gloucester Sold Auction Lots

248 L OTS SOLD 2024

TOTAL LOTS SOLD IN 2024 #

Hollis Morgan 2024 AUCTIONS

hollis morgan

250

248 LOTS

200

191 LOTS

150

159 LOTS

61 LOTS

53 LOTS

100

27 LOTS

38 LOTS

13 LOTS

19 LOTS

17 LOTS

Hollis Morgan

Maggs & Allen

Allsop Residential

Greenslade Taylor Hunt

David Plaister Ltd

Barnard Marcus

Auction House SW

Savills

City & Rural

*Source Essential Information Group 2024.

#DID YOU KNOW? 26% of all the regions auction lots were successfully Sold by Hollis Morgan in 2024.

@ Total Amount Sold (£££’s) by all Auctioneers in 2024 £m

65.8 £m TOTAL RAISED

TOTAL £££ RAISED IN 2024 £m

Hollis Morgan 2024 AUCTIONS

hollis morgan

0 10 20 30 40 50 60 70 £m 80

£65.8m

191 LOTS

£47.7m

£15.5m

£12.5m

£7.3m £5.2m £2.6m £3.6m £2.0m

Hollis Morgan

Maggs & Allen

Allsop Residential

Greenslade Taylor Hunt

David Plaister Ltd

Barnard Marcus

Auction House SW

Savills

City & Rural

*Source Essential Information Group 2024.

#DID YOU KNOW? Hollis Morgan Sold the most amount (£65.8m) of land and property by auction in our region for the 15th year running.

hollis morgan | the results speak for themselves

hollis morgan BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT

why hollis morgan auctions ?

THE MOST SUCCESSFUL AUCTIONEERS IN THE REGION SINCE 2010

our 2024 LIVE ONLINE auction statistics

# Market Share for Lots Sold in 2024 %

26 Hollis Morgan 2024 AUCTIONS hollis morgan % MARKET SHARE

TOTAL LOTS SOLD IN 2024 BY MARKET SHARE %

Hollis Morgan

Other regional agents IamSold Online 19.12% Savills 2.47% Allsop Residential 2.24% City & Rural 2.07% Barnard Marcus 1.98% David Plaister Ltd 1.83% Auction House SW 1.40% Greenslade Taylor Hunt 1.21%

All other Regional Agents 60.68%

Maggs & Allen 17.34%

*Source Essential Information Group 2024.

#DID YOU KNOW? 26% of all the regions auction lots were successfully Sold by Hollis Morgan in 2024.

TOTAL LOTS SOLD 2010–2024 BY MARKET SHARE % $ Market Share for Lots Sold since 2010 %

% MARKET SHARE 25

Hollis Morgan 2010-24 AUCTIONS

hollis morgan

Hollis Morgan 25.22%

All other Regional Agents 58.58%

Other regional agents IamSold Online 5.65% Savills 2.01% Allsop Residential 4.19% City & Rural 0.42% Barnard Marcus 2.03% David Plaister Ltd 1.83% Auction House SW 3.83% Greenslade Taylor Hunt 0.21%

Maggs & Allen 16.20%

*Source Essential Information Group 2024.

#DID YOU KNOW? Since 2010 Over 25% of all the regions auction lots were successfully Sold by Hollis Morgan.

hollis morgan | the results speak for themselves

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

why hollis morgan auctions ?

THE MOST SUCCESSFUL AUCTIONEERS IN THE REGION SINCE 2010

our 2024 LIVE ONLINE auction statistics

% Selling a lot under £250,000 in value?

Total Amount of Land & Property Sold by Auction in 2024 with a value under £250,000 £m

Total Number of Lots Sold by Auction in 2024 with a value under £250,000 #

150

£m 20

141 LOTS

120

£17.2m

£7.6m

56 LOTS

Hollis Morgan Maggs & Allen

<£ 250 k

*Source Essential Information Group 2024.

Hollis Morgan SOLD TW0-AND-HALF TIMES as many auction lots under £250,000 than Maggs & Allen in 2024.

Hollis Morgan SOLD over TWICE as many ££££s of land and property lots under £250,000 in value by auction than Maggs & Allen in 2024.

^ Selling a property in excess of £500,000?

Total Number of Lots Sold by Auction in 2024 with a value in excess of £500,000 #

Total Amount of Land & Property Sold by Auction in 2024 with a value in excess of £500,000 £m

£m 25

10 15 20 25 30

28 LOTS

£20.2m

15 LOTS

£11.2m

0 5

Hollis Morgan Maggs & Allen

>£ 500 k

*Source Essential Information Group 2024.

Hollis Morgan SOLD almost TWICE as many lots in the £500,000 +++ price range than Maggs & Allen in 2024.

Hollis Morgan SOLD nearly TWICE as many £££ of lots in the £500,000 +++ price range last year than Maggs & Allen.

hollis morgan | the results speak for themselves

hollis morgan BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT

why hollis morgan auctions ?

THE MOST SUCCESSFUL AUCTIONEERS IN THE REGION SINCE 2010

/ Total Raised From Auction Sales 2010-2024 £m

595

Total Raised from Auction Sales 2010 to 2024 £m

Hollis Morgan SINCE 2010

£m TOTAL RAISED

hollis morgan

0 10 20 30 40 50 60 70 £m 80

Hollis Morgan £594.5m

Maggs & Allen £375.5m

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

2021 2022 2023 2024

*Source Essential Information Group 2024.

Hollis Morgan have sold over 150% MORE land and property lots by auction than Maggs & Allen since 2010.

Total Amount of Lots Sold by Auction Since 2010 £m ( Total amount of Lots Sold since 2010

) Number of Lots in

catalogue since 2010

Number of lots in Catalogue Since 2010 #

0 100 200 300 400 500 £m 600

1000 1500 2000 2500 3000 3500 4000

£595m

3,611 LOTS

£375m

2,483 LOTS

0 500

Hollis Morgan Maggs & Allen

*Source Essential Information Group 2024.

Hollis Morgan have Sold over £225m more land and property by auction than Maggs & Allen since 2010.

Hollis Morgan have had the largest and most varied catalogue of auction lots in the region since 2010.

hollis morgan | the results speak for themselves

becoming

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

hollis morgan

2024 RESULTS

248 # LOTS SOLD 65.8 £m TOTAL RAISED 97 % SUCCESS RATE 24 AVERAGE % ABOVE GUIDE

The Property Market during a waiting gam

It may seem like history now, but casting our minds back to the early months of 2024, election talk dominated the news and current affairs programmes . Once the election had been announced and a new government formed with a huge majority, another waiting game started as the market anticipated the Labour October budget. Two momentous events which in previous times would have virtually brought the property market to a standstill. However, it seems that despite the vagaries of the political world, the public are forming their own views about property. You could say these are cynical views, but I would prefer to use the word pragmatic. In other words, they are concluding that we

continue to live in a world that presents a picture of a difficult ever-changing scene, and you may just as well ’get on with it’ rather than wait for better times. Given these circumstances, what could be more re-assuring than the certainty of bricks and mortar? This was apparent throughout all our auctions during the year where we achieved an extremely high success rate. However, these results were not easily won. Realistic initial conversations with our clients regarding price guides and marketing strategy were the order of the day. Regular reporting to the client during the marketing period and any necessary tweaking of the price often provided

hollis morgan | the results speak for themselves

hollis morgan BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT

hollis morgan

THE MOST SUCCESSFUL

AUCTIONEERS IN THE REGION SINCE 2010

stimulation to the market. And, perhaps not surprisingly, many clients took the opportunity to accept good offers prior to the auction. From my comments, you will perceive that the property market during these ‘waiting periods’ was not for the faint-hearted. It required determination by the client and expert advice from us as auctioneers throughout the whole process. Having said all this, the auction world is full of surprises, as you will see from the featured properties sold. And there were, as usual, some undoubted winners throughout the year. Developers, investors, and those seeking a family home were all out there looking for opportunities.

Prime HMOs and development opportunities created fierce competition in the saleroom, as witnessed by the sale of two properties for the University of Bristol in Woodland Road, Redland where the sale price far exceeded the reserve. Whatever political party is in power, housing undoubtedly remains a big issue. The shortage of suitable housing results in consistently strong demand despite the vicissitudes of the marketplace. Auctions clearly bring action in uncertain times and consistently move the world along while other methods can often be embroiled in ‘the waiting game’.

what could be more re-assuring than the certainty of bricks and mortar?

hollis morgan | the results speak for themselves

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

ANDREW REFLECTS ON OUR FEBRUARY AUCTION

“Back In The Saddle” It always seems a long time from our December sale to February, but we certainly started with a whopper! Having run The London Marathon in younger years I am used to long periods of effort rewarded by the elation of reaching the finishing line. The first auction of 2024 turned out to be just such an event, a real Auction Marathon as I was standing at the rostrum for nearly two hours! Hardly surprising as we had an eclectic catalogue of over 60 Lots on offer from Bath, Bristol, Gloucester, Taunton, and The Forest of Dean. Lot one, a property in Argyle Street in need of modernisation, immediately set the trend for the evening. The screen was full of on-line bidders, all the telephone lines were in operation, and, in addition, there were some proxy bids to handle as well. The bidding opened at the guide price of £150,000 and after some frenetic action, during which the telephone bidders found it difficult to keep pace, I was finally able to bring the gavel down at an amazing £260,000. A strong market for properties with potential The demand for the ubiquitous terraced period property is always ‘a given’ and such instructions are always much appreciated by auctioneers! Indeed, many of the Lots on offer were absolute gems and the enthusiasm shown for the first lot was replicated throughout the evening and not just restricted to Bristol. A first floor flat in need of a facelift situated in one of the classical Bath terraces soared past its guide price of £150,000 to sell at £259,000. All of this proves that, despite the less than cheering headlines, there is a very strong market for properties with potential. With a total of just over £7m raised from the evening I returned home, exhausted, but delighted that I was ‘back in the saddle’ and that the 2024 auction season had started so momentously! A quick rest before the same expectations for the March and April auctions. What fun! Andrew Morgan MBE . AUCTIONEER

02 2024

2024 RESULTS

% SUCCESS RATE £m TOTAL RAISED

7.01

23.59 %

AVERAGE ABOVE GUIDE

35 #

LOTS SOLD

indeed, many of the lots on offer were absolute gems…” “ hollis morgan | the results speak for themselves

SOLD Gloucester Redfield

GUIDE PRICE : £300 k +++ £426 K

% ABOVE GUIDE

Redfield House Verrier Road, Redfield, Bristol BS5 9LH

Potential uses subject to updating A Freehold detached property located just off the popular Church Road with accommodation (1650Ft 2 ) arranged over two floors with a single storey extension to the rear. The property has vehicular access providing tandem parking and leading to an enclosed rear garden. The property was used by Children's Services as an office up until 2015, subsequently to let St Mungo’s on a short term basis for temporary homeless accommodation. The property has been empty since April 2022. Sold with Vacant Possession . Sold on behalf of Bristol City Council

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

ANDREW REFLECTS ON OUR MARCH AUCTION

“Time Marches On” With the burgeoning of the Magnolia trees and everything in nature indicating that Spring has arrived – and with our March Auction just completed – it is a very salutary lesson to realise that a quarter of the year has almost already gone. The March sale came hard on the heels of a fantastically successful February sale and confirmed the underlying strength in the property market. However, like everything in the world at present, the property market is complex with successful auction sale prices varying from predicted estimates to some surprising results. All this proves, and underscores, the merits of the auction process as a successful medium to handle the vicissitudes of the marketplace. A bit of glamour as well… Just prior to the sale the auction team were all treated to a moment of glamour with some filming for “ Homes Under The Hammer ”. So by the time our real live auction started we were all fully pumped and ready for auction-action. The first Lot went like a dream with an investment property in Greystoke Avenue, Southmead, comprising a fully tenanted retail unit with two flats above and an income of just under £25,000, setting the standard for the evening and with keen bidding from both on line and telephone bidders the guide price of £235,000 was quickly surpassed until the gavel fell to the eventual successful buyer at £272,000. As usual our catalogue contained a plethora of properties from around the region and, as seems to be the current trend with a shortage of opportunities, many properties were sold prior to the auction. Many people simply cannot wait for the picturesque and unusual or just for a good opportunity so a stone-built garage block in Frome with planning permission to convert to an office sold for £95,000. An investor also recognised the advantage of a pre-auction offers and happily jumped at the opportunity to acquire three small flats at £240,000 possibly an ideal base for possibly attending musical or religious festivals! From Frome to Glastonbury, Bath to Gloucester the pattern was the same

03 2024

2024 RESULTS 100 2.70

% SUCCESS RATE £m TOTAL RAISED

2.24 %

AVERAGE ABOVE GUIDE

16 #

LOTS SOLD

and culminated in a sale of just over £2.5m. A sale of small value Lots with great results. Andrew Morgan MBE . AUCTIONEER

…with a shortage of opportunities, many properties were sold prior ” “

hollis morgan | the results speak for themselves

SOLD Gloucester Clevedon 130 Strode Road, Clevedon BS21 6QG

GUIDE PRICE : £200 k +++ £220 K

10 % ABOVE GUIDE

Scope for a fine home or investment A Freehold mid terraced two bedroom period house with accommodation (1018Ft 2 ) arranged over two floors with enclosed rear garden. The property now requires modernisation but has scope for a fine home or investment in this sought after location with a wide range of amenities and within level walking are banks and a post office. There are golf courses, woodland and coastal walks in addition to excellent primary and secondary schools. Sold with Vacant Possession .

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

ANDREW REFLECTS ON OUR APRIL AUCTION

“An Englishman’s garage could be his castle!”

04 2024

You could be forgiven for thinking that a garage is rather a boring object but, over the years, I have perceived how these 16’x 8’ boxes, with no architectural merit, have evolved into rather good investments. Car ownership has increased exponentially and most cities with period city centres and suburbs don’t have garages, also since the pandemic people have found innovative uses for garages, offices, gyms, storage, man caves etc. Increasingly, however, blocks of garages often present the opportunity for a potential building plot. You can imagine my delight, therefore, when I had two lots of garages in the April Auction. Telephone and online bidders were again out in force… Lot 1 comprised a rank of vacant garages in Rossall Avenue, Little Stoke with a generous turning forecourt, this opening Lot had the potential to produce an income of £6,500 per annum. Swift bidding online and by telephone soon took the guide price from £35,000 to £65,000 – the price of a house in many parts of the country. Later in the same sale we had a collection of 7 single units and a detached double garage in a quiet cul-de-sac offered subject to the existing tenancies. The site had the potential for a building plot, subject to any necessary consents. Telephone and online bidders were again in action, so it was no wonder the guide price of £50,000 proved to be an academic figure and I was finally able to knock the property down at £85,000. As usual many vendors preferred to take the opportunity of good offers prior to the auction but, nevertheless, I was left with a plethora of interesting properties from around the region and was able to raise a very satisfying £4m plus from the nights work. Home for a glass of red wine with my only regret being that I don’t own a garage Andrew Morgan MBE . AUCTIONEER

2024 RESULTS 100 4.54

% SUCCESS RATE £m TOTAL RAISED

23.85 %

AVERAGE ABOVE GUIDE

20 #

LOTS SOLD

“

many vendors preferred to take good offers prior to the auction…”

hollis morgan | the results speak for themselves

SOLD Gloucester Clifton

£69 K

GUIDE PRICE : £10-20 k +++

350

% ABOVE GUIDE

Leasehold Garage @ Cobblestone Mews, Clifton, Bristol BS8 3DQ

Sought-after garage in great location A Leasehold wider than average single garage in a terrace of similar units to rear of Worcester Terrace with access from Cobblestone Mews. The garage is located in an area where pressure on both parking and storage are at an absolute premium. We understand the garage would let in the region of £150 pcm subject to consents. Sold with Vacant Possession .

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

ANDREW REFLECTS ON OUR MAY AUCTION

“A bit of a carousel” Traditionally May is one of the busiest months of the year and the time when we host our most successful auctions, however, with a late spring, terrible weather, local elections, not to mention a war or two, the spring/early summer property rush seems to have been delayed by a month so that May was a more modest affair than usual but the June auction looks to be “ bust’n out all over ” to quote from the famous musical Carousel. In fact, the whole property market is a bit of a carousel, a round about of giddying opportunities flashing, temptingly, before potential buyer’s eyes. Interestingly, especially in an election year, it takes the more determined buyers to decide to jump off the carousel and buy something. This is precisely what we saw in the May auction – professional buyers made pre-auction offers sufficiently good to tempt slightly nervous vendors whilst those looking for family homes still hanging on tightly to the high horses before deciding to jump in. In such obvious cases we often extend the marketing period to give them a little more time to become comfortably re-

05 2024

assured before making a large commitment. Always lovely surprises to be enjoyed…

Operating in this price conscious market requires a skill which can only be obtained by years of experience in the vicissitudes of the marketplace – a milieu which I love and, of course, in the auction world there are always lovely surprises to be enjoyed. As usual this came in a 16’x8’ lock up garage in Clifton with a tempting price guide of £25,000 the bidding raced along in £2,000 bids to a very jolly £64,000. Proving, once again, small is beautiful and, although not architecturally stunning, garages are gorgeous investments. Altogether a very satisfactory evening, testing the skills and doing what every good auctioneer should be doing and as Rogers and Hammerstein did before me “keeping the carousel going at a higher and higher speed”. A 100% success rate entitled me to my usual slug of red wine and an early night before the June jamboree! Andrew Morgan MBE . AUCTIONEER

2024 RESULTS 100 2.31

% SUCCESS RATE £m TOTAL RAISED

16.54 %

AVERAGE ABOVE GUIDE

12 #

LOTS SOLD

small is beautiful and garages are gorgeous investments…” “

hollis morgan | the results speak for themselves

SOLD Gloucester Widcombe, Bath

GUIDE PRICE : £365 k +++ £395 K

8 % ABOVE GUIDE

4 Hatfield Buildings, Widcombe, Bath BA2 6AF

Sought-after residential location A charming Freehold Grade II Listed two bedroom house with accommodation (988Ft 2 ) arranged over two floors and generous enclosed rear garden. Widcombe Hill is one of Bath’s most sought-after residential locations, occupying an elevated position on the southern slopes of the city and thus enjoying far-reaching views, together with the convenience of being just minutes from the city centre and its’ amenities. Bath is a World Heritage city, renowned for its shopping, cultural and recreational attractions. The property now requires modernisation with scope for a fine home or investment in this most sought after of locations. Sold with Vacant Possession .

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

ANDREW REFLECTS ON OUR JUNE AUCTION

“Sunshine. Warmth. Brimming Catalogue” What a wonderful month June is! Sunshine, warmth, light evenings and a catalogue brimming with excellent auction lots – no wonder I was in an ebullient mood as I set out for our June Auction. As predicted Lot 1 set us off to a cracking start, Woodbine Road, Whitehall, an ubiquitous 2 bedroomed period house in need of modernisation set the pattern for the evening with bids coming thick and fast within a few moments the guide price of £150,000 was soon surpassed to be knocked down at £219,000. But if that was not a clear indication of a vibrant evening ahead Lot 3 a large semi- detached house in corner position in Sydenham Road, Totterdown certainly got the punters going. The space, the garden and a garage is rare in this urban area so I was well employed with bids online, on the telephone as well as proxy bids. The frenetic bidding took the guide price of £240,000 at very high speed final sale price of £335,000. Not all the bidding was mercifully done at this rate, some of the out of town Lots who were determined to make me operate at a country pace! A lovely plot, the site of a former garden nursery, in Minehead went slowly in £2,000 bids from a guide of £30,000 to an amazing £58,000. What a good job some bidders make me use all my skills! The removal of the Severn Bridge Tolls combined with higher property prices in the Bristol region has increased the fortunes of the property owning public in the Chepstow and surrounding areas and the evening witnessed success in this area. As usual many properties were sold by the auction team that had been on the market unsuccessfully with local agents. Our fame for this service has even stretched to Devon and the upper reaches of Gloucestershire. With a 100% success rate at this auction and over £7.5m worth of property sold – it was time for a quick celebration in the open at the local pub and as it is now summer I have changed from red to chilled white wine! A suitable end to one of our best sales of the year. Andrew Morgan MBE . AUCTIONEER

06 2024

2024 RESULTS 100 7.62

% SUCCESS RATE £m TOTAL RAISED

30.03 %

AVERAGE ABOVE GUIDE

22 #

LOTS SOLD

…as usual many properties were sold by auction that had been on the market unsuccessfully with local agents” “

hollis morgan | the results speak for themselves

SOLD Gloucester St Werburghs

GUIDE PRICE : £400 k +++ £550 ,250

% ABOVE GUIDE

14 The Yard, Mina Road, St Werburghs, Bristol BS2 9YP

Contemporary home in a thriving community A Freehold detached contemporary home with flexible accommodation (2171Ft 2 ) arranged over 3 floors with off street parking and enclosed rear garden. The Yard has a thriving atmosphere and communal gardens, play area and bike store. The property now requires final completion including windows, all internal finishes, landscaping and some external cladding works. Sold with Vacant Possession .

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

ANDREW REFLECTS ON OUR JULY AUCTION

“Auction really does mean action” The July auction set a record – in that we had eighty Lots on offer! This was too good an opportunity to miss and so, reminiscent of Jules Verne’s famous novel ‘ Around the world in eighty days ’, I was able to introduce the auction as ‘ Around the region in eighty Lots with Hollis Morgan ’. As an auctioneer this proved to be quite daunting task and I set myself eighty minutes to achieve it! This proved to be almost achievable as we sold several Lots prior to the evening successfully raising over £4.5m worth of property sales before I even got started on the rostrum. With a plethora of Lots from Gloucestershire to Yeovil and Oakhampton as well as, of course, Bristol there was no shortage of registered bidders with keen bidding taking place on line as well as the telephone. The opening Lots sold comfortably above their reserve price and then we came to the very popular St Johns Lane property, a house arranged as two flats, slowed proceedings down as we went in increments from the guide of £260,000 up to £374,000. When it came to another popular lot in Chepstow Road, Newport the bidding started in £5,000 increments, broke down to £2,000 increments and then, because of the keenness of the bidders I was obliged to return to £5,000 increments in order to speed the auction along. This took the property from a guide of £125,000 to £215,000. Just the sort of ratio I like! With a ninety-six per cent success rate and almost £8m of property sold I had no hesitation in thinking this was eighty minutes profitably spent! Over a refreshing glass of white wine, I concluded that the large number of Lots were indicative of the increasing number of vendors wanting and achieving action in what a somewhat dilatory private treaty market is unable to provide upholding our company maxim “Auction means action”. Andrew Morgan MBE . AUCTIONEER

07 2024

2024 RESULTS

% SUCCESS RATE £m TOTAL RAISED

7.88

19.21 %

AVERAGE ABOVE GUIDE

41 #

LOTS SOLD

…our July auction set a record – in that we had eighty Lots on offer ” “

hollis morgan | the results speak for themselves

SOLD Gloucester St Judes

GUIDE PRICE : £695 k +++ £865 K

% ABOVE GUIDE

Flats 1-8, Pirie Court, Perry Street, St Judes, Bristol BS5 0SY

Development potential A Freehold block arranged over 3 floors occupying a prominent position on the corner of Perry Street and Stapleton Road. The accommodation (3580Ft 2 ) comprises 8x 1 bedroom flats and a small commercial unit. The vendor requested Best and Final pre auction offers on this property. The flats have been let for many years and now require basic updating but have strong rental prospects and scope for individual resale. Development

potential subject to consents. Sold with Vacant Possession .

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

“Radiant light. Al fresco dining. A good portent for our September sale.” “I always look forward to September as ‘the season of mists and mellow fruitfulness’ with leaves changing colour and everything in nature coming to fruition. Au contraire. Auction week was greeted with blazing sunshine, people enjoying al fresco dining in the streets and all the glories and pleasures of high summer presenting a good portent for our September sale. In this radiant light the first lot of the evening set the pace for the evening with a one-bedroom flat in Clifton being snapped up for £195,000. Situated in the heart of Clifton and with a good size garden to enjoy, no wonder this gem was a winner! However, our catalogue was not just confined to our immediate area, we had entries from all around the region, Devon, Somerset and even as far as Wolverhampton. But perhaps the most intriguing lot that engendered the thoughts of mists and fruitfulness was a Manor House at Hutton in Somerset. This historic house comprised a major part of a much larger property, now subdivided into three. I must say there is nothing more enticing for an estate agent than the sound of one’s feet crunching on gravel especially when it’s on a winding tree lined driveway leading to a spectacular period house with an imposing crested entrance. Très bonne. The interior did not disappoint either with a vaulted dining room in which Henry VIII might well have felt at home and a spectacular tower from which to enjoy the four and half acres in which the property is set. Although the property required modernisation several buyers seized the opportunity and the guide price of £750,000 was soon surpassed to be finally knocked down to the lucky purchaser at £840,000. All of the properties offered were sold, so with a one hundred percent success rate and £7m of exchanged contracts it was time for a summer drink and with no chilling mists it was time for a glass of cooling white fruitful wine. Andrew Morgan MBE . AUCTIONEER ANDREW REFLECTS ON OUR SEPTEMBER AUCTION

09 2024

2024 RESULTS 100 7.27

% SUCCESS RATE £m TOTAL RAISED

31.49 %

AVERAGE ABOVE GUIDE

28 #

LOTS SOLD

…entries from Devon, Somerset and as far as Wolverhampton” “

hollis morgan | the results speak for themselves

SOLD Gloucester Hutton WESTON - SUPER - MARE

GUIDE PRICE : £750 k +++ £840 K

% ABOVE GUIDE

Hutton Court, 38 Church Lane, Hutton, Weston-super-Mare BS24 9SN

Fine Manor House for updating Hutton Court is a Freehold Manor House occupying a private and elevated position with architectural influences evoking England’s history. A private residence since 1995, Hutton Court was previously a small country house hotel. The property now requires updating but offers a rare opportunity to create a formidable family home with wonderful gardens in this sought after village. The various timber and stone outbuilding may offer scope for development. We understand no planning of this nature has been recently sought.

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

ANDREW REFLECTS ON OUR OCTOBER AUCTION

“A gargantuan sale of absolute gems” One normally associates this time of the year with Harvest – a time of gathering when nature together with a year’s work comes to fruition. There is an analogy here with our October auction where we had gathered a plethora of properties from around the region into a gargantuan sale of absolute gems ranging from a derelict mansion, prime investment/development opportunities in Redland and Kingsdown even to a disused quarry. This eclectic sale had something for everyone and there were plenty of more modest and manageable homes to modernise ideal for a family or as an investment. An impending budget and a gloomy rainy day did nothing to dampen the spirits as we had a maximum number of registered bidders. One of the most exciting parts of the evening was the sale of two properties in Woodland Road, for the University of Bristol. I had a screen full of bidders and five members of our staff on telephones. The bidding was fast and furious and it was rather like a newly invented television game as telephones 1 to 5 shouted out their bids sometimes in unison whilst I kept my eye on the fast-changing screen in front of me. Huge fun!! 67 Woodland Road had a guide of £495,000 and sold for double that at £990,000 whilst 77-79 Woodland Road, an impressive pair of period semi’s with a price guide of £975,000 sold for £1.680,000! A sensational result! One of the great advantages of auction is that it means action and on a personal note it was great joy to sell a pretty terraced house in Clifton Wood belonging to an artist friend of mine enabling her to move into more appropriate accommodation before the winter. We broke a record for the longest running auction in our history but, more importantly, unstinting efforts by the whole auction team managed to raise over £14m for very satisfied clients. There was still time, and a little energy left for my large restorative glass of Merlot!” Andrew Morgan MBE . AUCTIONEER

10 2024

2024 RESULTS 100 15.18

% SUCCESS RATE £m TOTAL RAISED

27.41 %

AVERAGE ABOVE GUIDE

39 #

LOTS SOLD

…we broke a record for the longest running auction in our history” “

hollis morgan | the results speak for themselves

SOLD Gloucester Redland

GUIDE PRICE : £975 k +++ £1.68 M

72 % ABOVE GUIDE

77 & 79 Woodland Road, Redland, Bristol BS8 1UL

10 Self-contained flats for renovation A Freehold pair of imposing semi detached period properties occupying an elevated position and ultimately forming a detached block of 10 self-contained flats with 6044Ft 2 of accommodation over three floors. The individual flats are now vacant and require updating but have scope to create excellent accommodation in this sought after position just moments from Bristol University and the BRI. Once renovated the flats offer an excellent investment opportunity for short, medium and long term lets. Sold with Vacant Possession .

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

“Somewhat uniquely, we sold a ‘Banksy‘” Our November Auction catalogue, although a smaller affair than our record-breaking October auction, was nevertheless imbued with some unique properties of character. For example, a mixed use investment property in Stokes Croft not only provided a retail unit and two four bedroomed HMO’s above, but also included a spectacular “Banksy” on the exterior wall. We wondered if someone might pay more for the wall than the remainder of the property but, finally, the lucky purchaser obtained a prime property at £835,000 and also provided a fabulous work of art to be enjoyed by the citizens of Bristol. A winner all around you might say! Included in the sale was a very rare opportunity indeed comprising an historic coach house and a range of garage/stables set in six acres of woodland adjoining the beautiful Nightingale valley. All of this would be charming and to some extent unique in a countryside environment but to find such a gem in the heart of Brislington within a short distance of the city centre can only be described as a truly outstanding Lot. The bidders seemed a little diffident to start with, as if stunned that such a great opportunity should be available for their competition. Inevitably, this passive atmosphere was short lived and in the end it came down to a battle between two parties fighting it out in bids of £2,000 until the gavel at last came to rest at a very pleasing £452,000. As usual, the ubiquitous garage lots always sell well although it is now only the most fastidious who put cars in them! As I was auctioning the Christmas tree lights were being switched on in Clifton Village, but it is far too early for us to celebrate as we have our last sale of the year on the 11th December looming up fast. However, there was just time for a large glass of Merlot to celebrate a sale of in excess of £5m before returning home! Andrew Morgan MBE . AUCTIONEER ANDREW REFLECTS ON OUR NOVEMBER AUCTION

11 2024

2024 RESULTS

% SUCCESS RATE £m TOTAL RAISED

5.25

27.47 %

AVERAGE ABOVE GUIDE

14 #

LOTS SOLD

…might someone pay more for the wall than the remainder of the property?” “

hollis morgan | the results speak for themselves

SOLD Gloucester Brislington

GUIDE PRICE : £350 k +++ £452 K

29 % ABOVE GUIDE

Coach House, Stables and Garages, Wick Road, Brislington, Bristol BS4 4HP

Unique development opportunity A Freehold period coach house, stables, 6 garages plus various outbuildings comprising 6714Ft 2 occupying a plot of approximately 6 Acres which slopes across the Nightingale Valley and down towards the Brislington Brook with vehicular access via a lane from Wick Road. The property is located close to the vibrant Sandy Park high street within the popular suburb of Brislington. The collection of buildings and garages have scope for a wide range of residential development opportunities or conversion into a large family home.

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan

“Plenty of reasons to celebrate” Holly, ivy, trees and Christmas decorations are ‘de rigueur’ at this time of the year but festivities do not start at Hollis Morgan until our December auction has taken place and then we have reasons to celebrate. This year was certainly no exception. Many of our clients were so tempted by the prospect of an early Christmas presents that they leapt at the opportunity to accept tasty offers on their properties well in advance of the auction. Despite this flurry of excitement, we still had a fine catalogue for competition on the night. The first Lot I could offer was a corner plot of land in Freemantle Road, Eastville with lapsed planning for 4 houses. A tempting guide price of £100,000 brought a plethora of developers into competition with one another and inevitably, and finally, led to an exciting duel between two competing parties resulting in a very ANDREW REFLECTS ON OUR DECEMBER AUCTION

12 2024

pleasing sale price of £276,000 – an audacious start! Enthusiastic bidders for ever-popular Clifton…

Clifton is always a winner with a single lock-up garage making a handsome £44,000 – the price of a house in many parts of the country! – and a beautiful but virtually derelict period town house in an iconic setting on the Clifton/Hotwells borders immediately and swiftly raced away with a telephone battle finally being won by a very enthusiastic and happy purchaser on telephone line one at £500,000. Happy times all around! With nearly £6m of property and land sold it did not seem unreasonable to start the festivities but mindful that our February auction is already running! After a very busy year with the huge privilege of offering a wide variety of properties, land and development opportunities I have reached the conclusion that the unique role of an auctioneer is indeed an exciting one. Andrew Morgan MBE . AUCTIONEER

2024 RESULTS

% SUCCESS RATE £m TOTAL RAISED

6.05

33.10 %

AVERAGE ABOVE GUIDE

21 #

LOTS SOLD

…an audacious start as Lot 1 sold for almost 3 times the guide price” “

hollis morgan | the results speak for themselves

SOLD Gloucester Bishopston

GUIDE PRICE : £390 k +++ £478 K

23 % ABOVE GUIDE

3 Bishop Road, Bishopston, Bristol BS7 8LS

Family home for updating A Leasehold 3 Bedroom, 3 Reception mid terraced bay fronted period property with accommodation (1239Ft 2 ) arranged over two floors with enclosed rear garden. The property has been a much loved family home and now requires basic updating with scope for a fine home or investment with enclosed rear garden in this sought after location. There is potential to extend the property to both the rear and into the attic space. Similar developed properties on the road achieve in the region of £650,000 once modernised and extended. Sold with Vacant Possession .

BRISTOL AND THE WEST COUNTRY’S BIGGEST LIVE PROPERTY EVENT hollis morgan buying at online auction – our terms and conditions

Insurance The Purchaser is responsible for Insurance of the building from the fall of the Auctioneer’s hammer.It is prudent to make arrangements for this to be put in place prior to the Auction. Measurements All measurements and areas provided by the Auctioneers are approximate,to give guidance only.It is essential that you check any which are important to you as they cannot be guaranteed. Fixtures and Fittings If you think that fixtures and fittings are included in the price,you must check with us to confirm. We have not tested services,appliances and fittings and are unable to guarantee they are safe,comply with regulations or in working order.You should obtain specialist advice on such items. Offers Some properties may be available to buy prior to the auction.Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack. Please note offers will not be considered until you have inspected the COMPLETE LEGAL PACK once it 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 buyer’s premium £1,500 plus VAT,(total £1,800) to Hollis

Auctions represent an excellent opportunity for purchasers to acquire interesting properties at potentially bargain prices. If you are new to auctions please take a moment to read our Online Auction Buying Guide . Please note new Government regulations regarding payment. Debit Card Payments ONLY are accepted for our Online Auction. (see Online Auction Buying Guide). We CANNOT accept cheques or cash deposits. We require two forms of IDENTIFICATION such as a photo driving license and recent utility bill. Company purchasers will also need to provide their Company registration certificate. Buyers Premium Please be advised that all lots are subject to a Buyers Premium of £1,500 plus VAT,(total £1,800)

which is payable to hollismorgan on the fall of the hammer Conditions of Sale and Title

Morgan. Contracts will need to be exchanged promptly via the solicitors.. Particulars Plans and Photographs

It is essential that you check the Conditions of Sale,Title and Local Authority searches prior to committing yourself to the purchase. It is advisable to employ a Solicitor for this purpose. The property,unless previously sold or withdrawn,will be sold subject to the Special and General Conditions which have been prepared by the Vendor’s Solicitors.The Purchaser shall be deemed to bid on these terms whether he has inspected the Conditions or not. Addendum sheet Any last minute changes will be made available to all purchasers via our website and via email to those who have registered for the legal pack or to bid. Questions Questions must be asked of the Auctioneers or Solicitors before the Auction and will not be dealt with after it has started. Finance Arrange your finance early.If you need a mortgage remember that a Building Society is legally obliged to obtain a valuation for which you will have to pay. Inspection We have not surveyed the property and it is essential that you carry out your own inspection.You are advised to commission a Surveyor to assess its condition.Your Solicitor will advise you of a suitable firm and the cost of a survey is small compared with the size of your proposed investment.The Auctioneers accept no responsibility for the condition of the property. Availability You should make the auctioneers aware of your interest in a property and check on the day of the auction to ensure that it has not been sold prior to Auction.Purchasers are reminded that properties are offered for sale at the entire discretion of the Vendor and neither the Auctioneers nor the Vendors accept responsibility for abortive costs where a property is withdrawn or sold before the Auction. Bidding You should ensure you have fully read and understood the Online Auction Buying Guide on our website,before bidding.We will use all reasonable care to provide the online auction platform.In the event that a situation/s arise that affect the running of the online auction platform,we may at our absolute discretion suspend or cancel the auction and declare any results as null and void without any liability on the part of us or our third party providers of the online auction platform.Our decision in these situations is final and we do not have to give any reasons for our actions.Should you not be able to connect to and bid on the online auction platform we and our third party providers will accept no liability. Contract The successful Bidder is committed to a binding contract to purchase at the fall of the hammer/ electronic hammer . Immediately after the Auction,a Memorandum of Sale will be signed by us on your behalf,and we reserve the right to retain the Memorandum of Sale until such time as we have received the Full Deposit and Buyers Premium .You should ensure you have read our Online Auction Buying Guide in relation to payment of the Deposit and Buyers Premium . If successful,the winning bidder hereby agrees to pay to Hollis Morgan 10% of the purchase price as a deposit together with the buyer’s premium.On the fall of the hammer/electronic hammer,the hold of the bidders security fee (usually £5,000) will be debited from the winning bidders card together with the buyer’s premium fee £1,500 plus VAT,(total £1,800) and released to Hollis Morgan.The winning bidder will then have two working days from the auction date to pay the balance of the deposit by bank transfer and we shall confirm account details in a timely manner with the winning bidder. In circumstances where the deposit supplied is above the 10% of the winning bid the balance of the funds will be considered as an additional deposit towards the purchase price.If the winning bidder has not paid the balance of the deposit by close of business on the second working day then Hollis Morgan fully reserve its rights in law to pursue any remedy available to it,acting on behalf of the seller,to recover from the winning bidder the balance of funds due and any associated losses, damages and interest as applicable.

The Auctioneers for themselves and the Vendors,whose Agents they are,give notice that these particulars do not constitute any part of an offer or a contract.Intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars,as neither the Auctioneers,nor anyone employed by them has authority to make or give any representation or warranty in relation to this property.The particulars are for you to identify the property and are expressly excluded from the contract as they are not intended to delineate the legal interest.All enquiries relating to legal matters should be directed to the Vendor’s Solicitors. Value Added Tax Properties which are registered for Value Added Tax will be sold net of VAT and the Purchaser shall

pay VAT to the Seller in addition to the sale price. Tenanted Investments

Tenancy details are provided by our Clients and cannot be guaranteed by us. Tenancies (particularly of residential units) do change and you should check before the Auction with the Vendor’s Solicitors to ensure that the tenancy details and rents are accurate and remain the same as those included on our marketing details.No responsibility is accepted by the Auctioneers or the Vendor where tenancy details have changed. Planning and other Regulations No warranty is given by the Seller or the Auctioneers that the property or any part thereof is authorised for any planning use or complies with regulations relating to such use.Purchasers must make their own enquiries of the appropriate authorities. Property Details Hollis Morgan reserve the right to use the details of the property you purchase in future marketing and to retain in the archive section of their website. hollismorgan Disclaimer 1. These particulars do not constitute part or all of an offer or contract. 2. The Measurements indicated are supplied for guidance only and as such must be considered approximate. 3. Potential buyers are advised to recheck the measurements before committing to any expense. 4. hollismorgan has not tested any apparatus,fixtures,fittings or services and it is in the buyer’s interest to check the working condition of any appliances. 5. hollismorgan have not sought to verify the legal title of the property and buyers must obtain such verification from their solicitors. Definitions Guide Price: 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 re- serve 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 is- sued.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).Both the guide price and the reserve price can be subject to change up to and including the day of the auction. 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 confiden- tial 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.

hollis morgan | the results speak for themselves These T&C’s apply to the bidder and the buyer (if different) and you will be bound by them if you bid at our online auction.

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