AUCTION REVIEW 2019

2019 auct ion review

residential sales | auctions

2019 AUCTION HIGHLIGHTS

The highlights of our 2019 auctions

FEBRUARY £7.4m was raised with an 88% success rate 2 prime student HMOs were sold to the same buyer for £1.8m! APRIL £3.7m was raised with an 86% success rate Despite this lower total a tired family house Cotham was viewed by over 100 parties and the sale price was nearly £150,000 over the guide price! JUNE £2.4m was raised with an 82% success rate Very interestingly, a building plot in Horfield with an anticipated GDV of £425,000 was sold for £181,000 approaching half its finished value! JULY £4.3m was raised with an 82% success rate A student investment in Kingsdown was sold prior to auction for approaching £200,000 more than it’s guide of £800,000. SEPTEMBER £7.6 was raised with an 81% success rate This Georgian house was sold for the same price it had achieved two years to the day in 2017. NOVEMBER £7.7 was raised with an 88% success rate Ending the year with a lot in Redland achieving our second highest sale room price – £1.775m

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bristol and the west country's biggest property event

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

What a year!

2019

will go down in the annals of Hollis Morgan’s Auction history as one of the most unpredictable, challenging, rewarding and exciting years since we established our firm in 2010.

The reasons were obvious, Europe and the extremes of moving from a minority government to one with the largest majority for decades all reflected in the mood of the property market throughout the year.

properties, sales could only be described as frenetic with buyers so eager to purchase before the actual auction date that outstanding offers were being submitted and accepted. Despite all this our finely tuned auction team were able to swiftly re-act to these oscillating conditions and we maintained our high sales success rate of well over the national average. We were privileged to receive some really interesting instructions from Lavatories in Bedminster, an abattoir in Nailsea to a abandoned Georgian Gem in Gloucester and everything in between with the usual plethora of houses, blocks of flats, building plots,commercial property, HMO’s, prime investments to ‘top of the range’ family homes. A common theme for the year was the lack of instructions as, not surprisingly, diffident vendors tried to predict the future. Outlined below are examples from each auction which reflect the above observations moving from a good start to a static Spring and Summer with a new optimism manifesting itself as the year ended. In conclusion, the success rate and prices achieved over the guide price remained consistent and in some cases – spectacular. Looking ahead vendors should now feel confident to sell and we anticipate great prices being achieved under the hammer in 2020.

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When questioned about what the market was doing during this period, it was impossible to give a general answer as everything moved at different speeds. Some areas of the market were completely dead, others static whilst, in many cases, for prime 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 £300m of auction sales since 2010! 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

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

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

2019 AUCTION HIGHLIGHTS

The results speak for themselves… hollismorgan – the only choice for selling at auction

auctions

Our marketing strategy provides a regional, national and international platform, allowing your property to reach the largest possible audience via our own website, the leading property portals, press advertising, targeted marketing and our unrivalled mailing list. So, once again in 2018, this strategy, together with our professional service, has allowed us to have the highest percentage success rate, and to sell more £££s of land and property by auction than ALL the other auctioneers in Bristol and North Somerset combined, with 185 lots offered raising over £43m for clients across the west country, Truly, the leading regional property auctioneer. hollis morgan achieve the best prices at auction for your land or property… And we have the statistics to prove it… Our 12 auctions in 2017 and 2018 achieved an average sale price of £286k per lot – an average sale price 28% above the guide. This is what our marketing campaign can achieve for your property…

our 2019

% SOLD 85

£ 33.4 M

TOTAL RAISED

auction

auction

FEB’19

APR’19

5

% SOLD 88

% SOLD 86

£ 7,421,000

£ 3,735,000

TOTAL RAISED

TOTAL RAISED

auction

auction

JUN’19

JUL’19

% SOLD 82

% SOLD 82

£ 2,493,000

£ 4,372,000

TOTAL RAISED

TOTAL RAISED

auction

auction

SEP’19

NOV’19

% SOLD 81

% SOLD 88

£ 7,698,000

£ 7,717,500

TOTAL RAISED

TOTAL RAISED

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

£500 K SOLD

LOT 23 SEP2019

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63, COBOURG ROAD, MONTPELIER, BRISTOL BS6 5HU

GUIDE PRICE : £475 k +++

Montpelier

A helping hand moving on…

A fine example of a Freehold semi detached period property occupying a commanding elevated position with extensive views over the City and now in need of complete modernisation.

OLLY SAYS : “A classic case of an owner fallen on hard times with a run down, but potentially wonderful property. We took control: arranged a survey for potential buyers, found a solicitor prepared to work on a no-sale-no-fee basis and covered all costs until completion. It was brilliant to be able to help someone move who otherwise would still be there.”

olly

HOLLIS

olly@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

£1.775 M SOLD

LOT 7 NOV2019

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22, REDLAND PARK, REDLAND, BS6 6SD

GUIDE PRICE : £1.5m +++

Redland

Hey Big spender!

An imposing Freehold 8000ft 2 detached period property occupying a prime position on a substantial plot with a double driveway and additional detached coach house and with huge development potential.

ANDREW SAYS : “The most expensive lot of the year and the second highest value lot we have ever sold ‘live’ in the auction room – it just goes to show there is always a strong demand for quality –and that there are plenty of big spenders outside of London!”

andrew MORGAN MBE

andrew@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

£166 K SOLD

LOT 4 SEP2019

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262, SOUNDWELL ROAD, KINGSWOOD, BS15 1PN

GUIDE PRICE : £120 K +++

Kingswood

Tactics, tactics, tactics!

A Freehold end of terrace property in need of complete modernisation, with accommodation arranged over two floors with a large rear garden located just off Downend Road within the popular suburb of Kingswood.

NICK SAYS : “We spend hours planning the perfect auction campaign – with this property we received the keys 3 days before the auction, had 1 open house viewing and the legal pack arrived on the day of the sale… and it still sold for £46k over the Guide Price – why do we bother!”

nick HEAL

nick@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

£216 K SOLD

LOT 1 SEP2019

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15, ST. BERNARDS ROAD, SHIREHAMPTON, BRISTOL BS11 9US

GUIDE PRICE : £150 K +++

Shirehampton

Shire heaven!

A classic Freehold semi detached property (939ft 2 ) with bright and airy – but dated – accommodation arranged over two floors occupying a large rectangular plot and rear garden.

LUCINDA SAYS : “We had 24 groups attend the first viewing and the Bristol Post ran a story claiming it was the most viewed ‘online’ property in the City – we knew we were onto a winner, but the owners were blown away with the result, achieving almost the same value as if it was modernised!”

lucinda CULPIN

lucinda@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

£970 K SOLD

LOT 15 JUL 2019

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70, KINGSDOWN PARADE, KINGSDOWN, BS6 5UQ

GUIDE PRICE : £800 K +++

Kingsdown

Invest in education!

A Freehold Georgian Gem in the heart of Kingsdown. Arranged as a fully licensed 10-bed HMO producing £61k per annum, but retaining many original features and a south facing garden.

SARAH SAYS : “In 2019 we have seen amazing prices achieved for student HMOs across the city with so much competition that on many occasions the vendors simply have had no choice but to accept exceptionally high pre auction offers selling at a new record of 5.5% ROI.”

sarah WESTERN

sarah@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

£705 K SOLD

LOT 33 APR 2019

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3, ST. MATTHEWS ROAD, COTHAM, BRISTOL BS6 5TS

GUIDE PRICE : £575 K +++

Cotham

Family homes under the hammer!

On the market for the first time since the 1940s, a truly charming and generously proportioned Freehold semi (1588ft 2 ), with an enclosed south facing rear garden and off street parking, in this highly sought after Cotham location.

CALUM SAYS : “The reaction to this stunning family home blew us away, with over 100 groups viewing, 70 legal packs downloaded and 7 individuals bidding on the night. The property eventually sold to a local family as their forever home!”

calum MELHUISH

calum@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

£530 K SOLD

LOT 17 FEB 2019

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Penhow NR NEWPORT GUIDE PRICE : £495 K +++ PICODEAN, BOWDEN'S LANE, PENHOW NP26 3AA

A bridge too far?

Picodean is a detached family home approached via a private driveway, set in approximately 3 acres of mature woodland, with far reaching rural views towards the Severn Estuary.

MIKE SAYS : “Certainly not – having recently moved ‘over the bridge’ myself this property perfectly shows why so many Bristolians are moving west – the lucky new owners will enjoy this woodland setting, amazing views and no bridge toll!”

mike HAYNE

mike@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

£167 K SOLD

LOT 40 NOV 2019

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PUBLIC CONVENIENCES, EAST STREET, BEDMINSTER, BRISTOL BS3 4EH

GUIDE PRICE : £30 K +++

Bedminster

Flushed with success!

A Freehold development opportunity – detached public convenience (no longer in use) with associated land to side and rear.

GEORGE SAYS : “Our most popular lot of the year! This quirky property generated more interest than any other lot with 226 Legal packs being downloaded and over 32 registered bidders at the auction – the bidding was frantic and soon hit an amazing £167k!”

george HARRIS

george@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

£400 K SOLD

LOT 5 SEP 2019

14

CROSSWAYS HOUSE, THORNBURY ROAD, ALVESTON, BS35 2LR

GUIDE PRICE : £375 K +++

Alveston

Déjà vu!

This detached period house is one of intriguing contrasts of both age and aspect overlooking Thornbury Cricket Club whilst to the south is the more commercial aspect of The Berkeley Vale Hyundai car dealership.

KARINE SAYS : “We first sold this property in September 2017 following an extensive marketing campaign for £400,000 – almost 2 years to the day later we sold it again for… £400,000 which shows how certain areas of the market been static over the last few years”

karine CADORET

karine@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

£480 K SOLD

LOT 39 NOV 2019

15

HAROLDSTONE HOUSE, CRICKLEY HILL, WITCOMBE, GL3 4UQ

GUIDE PRICE : £400k +++

Witcombe GLOS

Forgotten gem!

Haroldstone House (4234ft 2 ) is a detached ‘Forgotten Gem’’ set in an elevated and secluded position accessed via a quiet rural lane in an area of outstanding natural beauty.

SARAH SAYS : “This spectacular property will stay long in the memory – set in 20 acres of overgrown gardens and long abandoned – this really was a case of ‘open house viewings’ with access not via the front door but in through a hole in the wall by the derelict conservatory!”

sarah COCKS

sarahc@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

see our website for full property details www.hollismorgan.co.uk

iconic auction venue

2020 join us at one of our auctions

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FEBRUARY 2020

APRIL 2020

JUNE 2020

JULY 2020

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DECEMBER 2020 9

SEPTEMBER 2020

NOVEMBER 2020

BRISTOL AND THE WEST COUNTRY ' S biggest property event Our Auctions take place in the iconic All Saints Church on Pembroke Road in Clifton, near to the Downs and the Zoo.

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

Each year we dedicate part of our time, talents and money to support the great institutions of our city and local charities. Through charity auctions, hosting and staging events as well as sponsorship, we are able to assist local charities raise between £100,000 and £200,000 each year. HOLLIS MORGAN our charity support…

Our Charity of the year for 2020 is… All Aboard Watersports – They strive to make it possible for everyone in our community to join in a range of watersports and water related activities in the beautiful and historic Bristol City Docks. This includes people with physical, emotional or cognitive disabilities or those who would otherwise, for whatever reason, feel that there were barriers to their participation. www.allaboardwatersports.co.uk

“The Hollis Morgan Charity of the year was The Bear Wood Project at The Wild Place for Bristol Zoo. This project achieved international acclaim for creating a huge natural habitat for the bears and raised walkways for the public to enjoy them in a relaxed way. It was a huge privilege to support the zoo in this fabulous conservation project and to learn more 2019 Andrew Morgan MBE reports on a memorable year of raising substantial funds for many Bristol Charities… The Hollis Morgan charitable year…

of their conservation projects around the world. As usual, our annual ‘Opera Picnic’ held in the church and gardens of All Saints gave us a good opportunity to entertain our families, clients and friends and the Zoo Team were able to rise nearly £8,000 from the collection on that occasion as guests enjoyed the hot weather, delicious supper and singing all accompanied by the liberal pouring of Fizz!! Later in the year our Charity Auction at their glittering Christmas Gala raised a similar amount. One of the heart-warming Lots bid for on that evening was the opportunity to be a Zoo sponsor which enables many underprivileged people to visit the zoo – the bidding for this lot reached an amazingly generous £4,000. One of the highlights of the year was a memorable evening at a Gala Dinner to

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The annual Opera Picnic proved a great fund- raiser for Bear Wood

celebrate CIMA’S 100th Anniversary held under the wings of the last Concord to fly into Bristol I had the honour of sitting next to the pilot of that flight, Captain Les Brodie who was able to tell me of all the famous characters he had met over his distinguished career, from The Princess of Wales to Joan Collins and many, many others. The Secret Postcard Auction at the RWA in the Spring provides the audience with a unique evening in which to test their artistic knowledge when famous artists and local artists work comes anonymously under the hammer. This always seems to take place on a very hot evening and proves the need for the improvement of the building and the installation of air conditioning! “It is such a privilege to be involved in this event as Bristol is so fortunate to have such an institution in the heart of the city and it is an evening of frenetic fun” says Andrew. Another annual fixture is the Ladies Long Table Lunch at Penny Brohn when I am invited, as the only man, into the glamourous flower decked marquee at their headquarters at Pill for their traditional lunch. The Ladies are always extremely generous and one lucky bidder ended up with a holiday in the West Indies. Attending between twelve and twenty charity auctions a year and I am always greatly impressed with the dedicated effort so many people make in order to make these charitable events successful and by the generosity of the people who attend them ”.

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

Over £10k raised From a range of events during the year and the x% premium on all auction sales.

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

We really benefited from the team's approachability, professionalism and knowledge. Sarah Laidler

Excellent service and a great result! Liz Mahoney

We have used them twice now, and as professional landlords we have been extremely impressed with the level of care and attention to detail. Gill Floyd

Great experience using Hollis Morgan auction services Paul King

“…the best auction house in Bristol!…” “…we are extremely pleased with the outcome…” “…I felt we were in safe hands throughout…” “…Brilliant auctioneering skills…” “…a truly professional team…” “…undoubtedly the best auction house in Bristol!…” “…total professionalism throughout…” “…communication has been especially good…”

We were pleased with the service we received from all the members of the Hollis Morgan team M Goodway

Your colleagues ( Lucinda, Sarah etc ) were all competent , helpful and cheerful throughout David L

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All in all a very satisfactory result and Olly and his staff are a pleasure to deal with. Mr JC Price

I couldn’t recommend them more highly. Jane

Very professional auctioneer kept us updated and informed throughout the sales process very happy. Mel G

Your involvement in my attempt to purchase a property has been a breath of fresh air. Mr. R. Notley

I could not rate Olly and his team highly enough, I would have absolutely no doubts about using Hollis Morgan again in the future. M Weatherill

After being on the market for over a year, Hollis and Morgan came recommended to us, so we decided to go with them! Michelle Fear

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 AUCTION HIGHLIGHTS

I have been very impressed throughout with the service given by you company Robert

Very positive and straightforward and very communicative at every stage of the process. Sarah F

“…Fantastic result and superb friendly staff would certainly use again and no hesitation in recommending to others.” Mabel

this is what our satisfied auction clients said about us in 2019…

Olly immediately understood, what for us as a family, was a difficult situation Susan Dracup The Hollis Morgan team sold a property for me post-auction through working incredibly hard and persistently to ensure this was achieved, they provided a great service and would highly recommend! ES - Redland I am very pleased with how Hollis Morgan have always kept me informed through all stages, from initial valuation meeting up to auction day. Gill

I am totally satisfied with the outcome and as stated before, I highly recommend to use their services. Mike R

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Accurate expectations, numerous viewing opportunities, reported attendances and gave feedback, kept the sellers well informed. Richard

This company is an example to others as to how a property should be marketed and sold. P Lucas

My instincts were correct as we achieved a brilliant result with no complications or stress. For anyone thinking of selling, I definitely recommend that just give them a ring. Beth - Iron Acton

Resulted in 3 different cash offers and achieving a successful sale deserves full credit. NB - Old Market

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

Information on Auction Lots is correct at time of publication. Auction catalogue contents © Hollis Morgan Property Limited 2019-20

VERSION: 1 WEB

TEL | 0117 973 6565 | 9 Waterloo Street, Clifton, Bristol BS8 4BT www.hollismorgan.co.uk | post@hollismorgan.co.uk

BRISTOL AND THE WEST COUNTRY ' S biggest property event

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