The results for our June 2019 Auction
2019 auct ion JUNE 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’.
welcome to
BRISTOL AND THE WEST COUNTRY ' S biggest property event
“ W
2018 our results
ell we certainly find ourselves in unusual times!! In periods of political uncertainty it is customary to find a lack of buyers in the saleroom but, contrary to this usual trend, rather than falling prices and a glut of property coming onto the market, we are faced with a shortage of instructions and fierce competition for quality properties. 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 since 2010! In reality with continuing low interest rates, available finance and a general shortage of property, many experienced property professionals perceive this as an ideal time to be investing and many are, optimistically, forecasting a property bounce in the near future. We have a fascination range of lots on offer tonight with Victorian terraces for updating, bungalows for modernisation, flats for investment, building plots
TOTAL
LOTS SUCCESS OFFERED RATE %
MARKET
RAISED £ SHARE % Hollis Morgan 183 85 % £ 44.7m 24 %
MAGGS & ALLEN
140 82 %
£21.9m 12 %
AUCTION HOUSE BRISTOL &WEST
68 72 %
£9.3m 5 %
DAVID PLAISTER LTD
40 67 %
£4.6m 2 %
DJ & P NEWLAND RENNIE
46 67 %
£3.0m 1 %
STEPHEN & CO
12 58 %
£1.4m 0.8 %
BESLEY HILL
8 75 %
£725k 0.4 %
* Source: EI Group 2011-2018 based on ‘amount raised’.
auctions
our 2018
3
% SOLD 85
”
£ 44.7 M
TOTAL RAISED
and reduced priced properties from across the region – we wish you the best of luck tonight and look forward to helping you celebrate your new purchase in the free bar afterwards!!
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 apri l auct ion highlights
“ “ h, to be in England now that April ’s there ” These nostalgic words by Robert Browning are always so pertinent during this exciting month when the sap is rising, nature bursts forth with meteoric energy and prospective family buyers are chasing, with a frenetic vibrancy, those period family homes in which to put down some roots! A fine example of a property fulfilling these aspirations was offered in the April Auction. Number 3 St Matthews Road, a quintessential Victorian semi-detached bay villa with elegant accommodation on just two floors, in need of modernisation but with a delightful enclosed garden and off road parking. The frustrated (property seeking) public certainly re- acted in true form once the property was initially marketed. With a Guide Price of £575,000 purchasers were already queuing at the gate for the first viewing. Throughout the marketing campaign 106 groups viewed and 49 parties registered for the legal pack. On the night the saleroom was strangely quiet with the tense vibrancy and ambiance associated in the imagined moments before a large battle is about to commence. The bidding soon broke through the Reserve figure with 7 parties left in the field who spurred the final victor onto £705,000 before the auctioneer was able to call the bidding three times and eventually allow the gavel to fall. With a triumphant purchaser and a delighted seller I could conclude that auctions are now the only way to truly establish the value of these ubiquitous, rarely on to the market, period gems. “O
SOLD £705k
GUIDE PRICE : £575 K +++
COTHAM
auction
APR’19
% SOLD 86
5
£ 3,735,000
TOTAL RAISED
”
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.
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.
Best possible price is achieved – and it is
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
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.
introducing steve mears – independent financial advisor the money man
House Prices – a possibly surprising update?
“
” When speaking with independent Bristol agents, including Olly Hollis of Hollis Morgan, the picture still seems to be positive. Whilst there may be fewer buyers around, those that are looking are intent on moving and possibly “bored” with the whole Brexit fiasco. Happy bidding everyone and please come and chat to us tonight or visit stevemears.com or the office on Alma Vale Rd . market sellers’ price aspirations are under- pinned by the higher buyer demand that is a feature of the spring market. No change until Brexit clarified Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: “Asking prices are not selling prices, which explains why some of these figures do not match results from other recent housing surveys. Overall, although there has been little change, that masks some considerable regional differences. For instance, London is acting as a drag on the rest of the UK housing market and prices don’t include inflation so have risen or fallen further in real terms. Looking forward, we are not expecting significant changes one way or the other, at least until Brexit is clarified.” Agents’ Views
Everyone in this room keeps an eye on house prices, I am sure, but it’s always interesting (to me anyway) to see what the bigger picture looks like . Whilst I know that we remain very busy and taking on new staff, the daily news would make you think otherwise! On an annual basis, prices increased by 0.1% this month, with the average house price at £308,290 up from £305,449 in April 2019, according to the latest Rightmove House Price Index. The report found that four out of eleven regions hit record highs for seller asking prices. Regional overview Prospective buyers in Wales, the West and East Midlands, and the North West are seeing all- time highs for the average price of property coming to market. Property prices in Wales were 4.1% higher than 12 months ago, breaking through the £200,000 barrier for the first time. In the West and East Midlands, prices rose by three and 2.5% respectively, whilst in the North West they increased by 2.1%. By contrast, London, South East and the East of England regions have seen year-on-year falls. Interest in property remains high Miles Shipside, Rightmove’s director and housing market analyst, said that price increases are the norm at this time of year, with only one fall in the last ten years, as new-to-the-
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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
buying at auction – an exciting opportunity
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). 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
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 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! 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
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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
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
why sell with
hollis morgan? Because again in 2018 we sold more £££s of land and property by auction than ALL the other auctioneers in Bristol and North Somerset combined!
183 LOTS OFFERED IN 2018 RAISING
… WITH
OVER £44m FOR CLIENTS ACROSS THE WEST COUNTRY hollismorgan – the results speak for themselves… THE most successful AUCTIONEERS IN THE REGION FOR THE LAST 8 YEARS *
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LOTS SUCCESS OFFERED RATE % SHARE % Hollis Morgan 183 85 % £ 44.7m 24 % 2018 our results TOTAL MARKET RAISED £
MAGGS & ALLEN
140 82 %
£21.9m 12 %
AUCTION HOUSE BRISTOL & WEST 68 72 %
£9.3m 5 %
DAVID PLAISTER LTD
40 67 %
£4.6m 2 %
now with over £270 million of auction sales since 2010!
D J & P NEWLAND RENNIE 46 67 %
£3.0m 1 %
STEPHEN & CO
12 58 %
£1.4m 0.8 %
BESLEY HILL
8 75 %
£725k 0.4 %
* Source: EI Group 2011-2018 based on ‘amount raised’.
hollis morgan
residential sales | auctions
TEL | 0117 973 6565 | 9 Waterloo Street, Clifton, Bristol BS8 4BT
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
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
hollismorgan – not just auctioneers…
TEL | 0117 973 6565 | 9 Waterloo Street, Clifton, Bristol BS8 4BT www.hollismorgan.co.uk | post@hollismorgan.co.uk
* to be deducted from our commission upon completion.
THE PROPERTY CYCLE … BUY … BUILD … SELL … REPEAT
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
turn the page to see some successful examples …
sales
r e s i d e n t i a l
residential sales | auctions
SOLD by us at our auction…
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BEFORE
“ ” IN THE AUCTION CATALOGUE WE SAID : Planning Granted for 6 x 2-bed houses… PROPOSED ELEVATIONS
Plot @, Catherine Mead Street, Bedminster, Bristol BS3 1XH was bought at a hollismorgan auction.
residential sales | auctions 0117 973 6565
THE PROPERTY CYCLE … BUY … BUILD … SELL … REPEAT
… SOLD by our New Homes department
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AFTER
3 | SOLD BY US Six Freehold townhouses with aesthetically pleasing external finishes, carefully constructed to be energy efficient . Arranged over three levels: GROUND FLOOR front-to-back ‘open plan style’ living, with stylishly appointed 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. 1 2 | |
hollismorgan – not just auctioneers…
sales
r e s i d e n t i a l
residential sales | auctions
SOLD by us at our auction…
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OUR CL IENT SAID : "Excellent service yet again on the sale of a house. Calum and Mike kept in touch by phone and email throughout the whole process. The fees were very fair…Thanks guys!”
BEFORE
“ ” IN THE AUCTION CATALOGUE WE SAID : in need of updating…
26 Shipley Road Road, Westbury-on-Trym was bought at a hollismorgan auction.
residential sales | auctions 0117 973 6565
THE PROPERTY CYCLE … BUY … BUILD … SELL … REPEAT
…refurbished and SOLD by us by private treaty
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AFTER
SOLD BY US Set in an elevated position, in arguably one of the most desirable locations in Westbury Village, No 26 underwent extensive renovation before coming back to market as a stunning three storey family home. SOLD in a little over a week for in excess of the asking price. hollismorgan – not just auctioneers…
sales
r e s i d e n t i a l
residential sales | auctions
SOLD by us at our auction…
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BEFORE
“ ” IN THE AUCTION CATALOGUE WE SAID : now needs updating…
51 Avon Way, Stoke Bishop was bought at a hollismorgan auction.
residential sales | auctions 0117 973 6565
THE PROPERTY CYCLE … BUY … BUILD … SELL … REPEAT
…refurbished and SOLD by us by private treaty
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AFTER
SOLD The property recently underwent meticulous refurbishment resulting in a superb, warm and welcoming family home. Positioned in a generous 1/3 acre plot, in a quiet residential area with excellent amenities close by. A superb property SOLD at £550,000. hollismorgan – not just auctioneers…
sales
r e s i d e n t i a l
residential sales | auctions
SOLD by us at our auction…
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BEFORE
Land at: 76 Horfield Road, Cotham, Bristol BS2 8EQ was bought at a hollismorgan auction. “ ” IN THE AUCTION CATALOGUE WE SAID : A level site of 0.15 Acres located a few hundred yards from the University and BRI with Full Planning to erect 9 stylish flats.…
residential sales | auctions 0117 973 6565
THE PROPERTY CYCLE … BUY … BUILD … SELL … REPEAT
… SOLD by our New Homes department
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AFTER
SOLD OUR CLIENTS SAID : " It was a pleasure to be associated with Hollis Morgan for our nine unit apartment development in Cotham, from site acquisition stage through to the sale of the units. We received informed guidance on what the market required in terms of prices, fixtures, fittings, finishes and anything else that cropped up. Not least due to their help and guidance, the development was a terrific success and we look forward to many more projects with this excellent team in the future. " W ESTBURY G UILDS L TD .
hollismorgan – not just auctioneers…
sales
r e s i d e n t i a l
residential sales | auctions
SOLD by us at our auction…
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BEFORE
“ ” IN THE AUCTION CATALOGUE WE SAID : now needs updating… 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 .
11 All Saints Road, Clifton was bought at a hollismorgan auction.
residential sales | auctions 0117 973 6565
THE PROPERTY CYCLE … BUY … BUILD … SELL … REPEAT
…refurbished and SOLD by us by private treaty
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AFTER
SOLD 11 All Saints Road is an exceptional period apartment situated on the hall floor level of a grand
Victorian building, the property has been carefully restored by its current owners, combining exquisite period features with modern touches to produce a stunning home. hollismorgan – not just auctioneers…
sales
r e s i d e n t i a l
£224 K SOLD
LOT 1
GLENSIDE, 40, FREEMANTLE ROAD, EASTVILLE, BRISTOL BS5 6SX
GUIDE PRICE : £180 K +++
Eastville
PROPERTY AREA 1122.1 ft 2 /104.2 m 2
Period house for updating ***Sold with Vacant Possession***
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A charming Freehold mid terrace property arranged over two floors with an enclosed rear garden located on Freemantle Road within the popular suburb of Eastville. The property (1122ft 2 ) retains many original period features and has bright, airy accommodation that will make a fine family home or investment. • Sold with Vacant Possession . • Requires modernisation The property now requires modernisation but would make a fine family home • Extension/attic conversion There is scope for both extension to rear and attic conversion (STC) • Flat conversion Scope for 2 Flats (STC) • HMO/Student Let Potential for 4+ tenants.
• Rental Appraisal: The Bristol Residential Letting Co. £950-£1,000pcm.
SOLICITORS
contact:
James Gass, John Hodge Solicitors
Email: james.gass@johnhodge.co.uk
£80 K SOLD
LOT 2
FLAT 28, ELBRIDGE HOUSE, GREAT ANN STREET, ST JUDES, BRISTOL BS2 9DY
GUIDE PRICE : £75 K +++
St Judes
PROPERTY AREA 516.0 ft 2 /47.9 m 2
Great value central flat A leasehold flat (516ft 2 ) occupying a corner position on the third floor of this purpose built property located on the edge of Old Market / St Judes close the Cabot Circus • Leasehold residue of 125 Years. • Management fees for April 17-March 18 were £1303.22 (Refer to legal pack) • Investment The flat is currently let on an AST agreement to professional tenants for £675 pcm terminating on the 9th July 2019. • Requires basic updating There is scope for some basic updating throughout and the potential to increase the rent accordingly.
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SOLICITORS
contact:
Tom Bowering, Wards
e-mail: Tom.Bowering@wards.uk.com
JULY AUCTION £124,500 SOLD
LOT 3
GUIDE PRICE : £120 K +++ 473A, SOUTHMEAD ROAD, SOUTHMEAD, BRISTOL BS10 5LZ
Southmead
PROPERTY AREA 711.3 ft 2 /66.1 m 2
Renovated flat – excellent rental potential ***Reduced Price For Auction*** A leasehold self contained two bedroom flat (711ft 2 ) offered in excellent order having just been the subject of a total renovation with a new roof, front windows, kitchen, flooring, electric heaters and decoration throughout. The property is accessed via steps to the first floor above a rank of commercial units and is offered with vacant possession. Situated on Southmead Road which is a prime location close to Southmead Hospital, local schools and amenities and transport links to the City. • Investment: Excellent Rental prospects Given the proximity to Southmead hospital the property has excellent rental potential. • Low Price for Quick Sale The vendor is seeking a quick sale and has set the price below market value. Interested parties should note a similar but unmodernised unit (477a) sold for £140,000 in October 2014.
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• Rental Appraisal: The Bristol Residential Letting Co. £750-£775pcm or £400-£425 pcm per room.
SOLICITORS
contact:
Dee & Griffin Solicitors
e-mail: info@deeandgriffin.co.uk
£280 K SOLD
LOT 4
197, SOUNDWELL ROAD, KINGSWOOD BS16 4RP
GUIDE PRICE : £250 K +++
Kingswood
PROPERTY AREA 1409.5 ft 2 /130.9 m 2
House with development potential ***Reduced Price For Auction*** ***Sold with Vacant Possession*** A Freehold detached property (1409ft 2 ) with spacious accommodation arranged over two floors with a garage to the side, off street parking and a larger than average rear garden. • Reduced Price for Auction The property was previously listed with local agents with an asking price of £350,000 and is now reduced for a sale by public auction. • Family Home for updating Would now benefit from some basic updating. (STC) • Potential to extend to side/rear/flat conversion Convert and extend the existing garage to create a larger property for family home or conversion to flats. (STC) • HMO Investment Scope to create a 4+ HMO/ Student investment property (STC) IMPORTANT INFORMATION We are informed the rear 2 storey portion of the building and utility are of single skin construction only and the 2 storey roof is of corrugated asbestos panel. This is substandard construction and may affect the ability of buyers to obtain a standard mortgage on the property.
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• Rental Appraisal: The Bristol Residential Letting Co. £950-£1000pcm.
LOT 5
SOLICITORS
contact:
Jonathan Evans, Star Legal
jonathan.evans@star-legal.co.uk
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!
JULY AUCTION £72k ORIGINALLY POSTPONED DELAY WITH LEGAL PACK
SOLD
LOT 6
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LAND ADJACENT TO, 13, CAPGRAVE CLOSE, BRISLINGTON, BRISTOL BS4 4TJ
GUIDE PRICE : £65 K +++
Brislington
PROPOSED SCHEME
Freehold Plot – Planning Granted A Freehold corner plot formerly the gardens of Number 13 on a quiet residential area located just off Broomhill Road within the popular suburb of Brislington. Sold with vacant possession. • Development Site Planning has been granted (18/05624/F) to erect a semi detached two bedroom plus study house in this sought after location.
LOT 5
SOLICITORS
contact:
Amanda Easton, AMD Solicitors
AmandaEaston@amdsolicitors.com
£248 K SOLD
LOT 7
3, SQUIRE LANE, UBLEY, BS40 6PP
GUIDE PRICE : £230 K +++
Ubley
PROPERTY AREA 1092.1 ft 2 /101.5 m 2
Semi-rural bargain ***Reduced Price For Auction*** ***Sold with Vacant Possession***
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A Freehold semi detached property (1092ft 2 ) arranged over two floors with front and rear gardens plus side access in a picturesque hamlet nestling in the valley at the base of the Mendip Hills close to Blagdon Lake The property was recently extended (2010) and has excellent rural views to the south facing rear aspect. • Sold with Vacant Possession and offered in excellent decorative order for family buyers or investors. • Family Home: Reduced Price for Auction The property was recently listed with local agents at £299,000 and is now offered at a much lower
price for sale by public auction. • Scope for Parking to front
Planning was granted (10/00614/FUL) in 2010 to create off street parking at the front of the property
SOLICITORS
contact:
Salma Maqsood, Barcan Kirby
S.Maqsood@barcankirby.co.uk
JULY AUCTION £77k SOLD
LOT 8
34, GLENDARE STREET, BARTON HILL, BRISTOL BS5 9SG
GUIDE PRICE : £70 K +++
Barton Hill
PROPOSED SCHEME
Plot with Planning A Freehold corner parcel of land forming the end terrace of Glendare Street and March Lane located within the suburb of Barton Hill, a popular area within a few minutes of the vibrant Church road • Planning Granted: New Build Planning has been granted to erect a new build quirky end of terrace architect designed Freehold property. The new building will be arranged over three floors with bright and airy accommodation plus a courtyard garden. DECISION : GRANTED subject to condition(s) APPLICATION NO : 17/06481/F TYPE OF APPLICATION : Full Planning SITE ADDRESS : Land Adjacent To 34, Glendare Street, Bristol. DESCRIPTION OF DEVELOPMENT : Construction of a three storey, 3 bedroom end-of-terrace house. AGENT : Gambles Architects COMMITTEE / DELEGATION DATE : 16.02.18 DATE OF NOTICE : 16.02.18
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SOLICITORS
contact:
Theo Vitagliano, Wards
theo.vitagliano@wards.uk.com
WITHDRAWN
LOT 9
GUIDE PRICE : £195 K +++ 123, HIGH STREET, OLDLAND COMMON BS30 9TG
Oldland Common
PROPERTY AREA 896.7 ft 2 /83.3 m 2
Terraced house for updating ***Sold with Vacant Possession*** A Freehold mid terraced family home (927ft 2 ) arranged over two floors set back from the road in a quiet courtyard location with a private rear garden backing onto playing fields. • Sold with Vacant Possession . • Requires basic updating The property would now benefit from basic updating to make a fine family home or investment in this sought after location. • Attic conversion There is scope to convert the attic and the internal layout has already been altered to allow space for
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the stairs to be installed. Subject to any consents. • Competed Works
• Rental Appraisal: The Bristol Residential Letting Co. £800-£850pcm.
The current owners have completed some works including having the property re-wired and a new
heating system installed. Please refer to legal pack.
SOLICITORS
contact:
K Jones, Barcan Kirby
k.jones@barcankirby.co.uk
£181 K SOLD
LOT 10
BUILDING PLOT ADJACENT TO, 1, LYDDINGTON ROAD, HORFIELD, BRISTOL BS7 0UU
GUIDE PRICE : £125 K +++
Horfield
PROPOSED SCHEME
Plot with Planning Granted A Freehold parcel of land, formerly the gardens of 1 Lyddington Road in the popular residential suburb of Horfield within close proximity including the vibrant Gloucester Road.
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• Sold with Vacant Possession . • Planning Granted: New Build
Planning has been granted to erect a detached four bedroom family home (1654ft2) in this highly
sought after location. Planning Information DECISION : GRANTED subject to condition(s) APPLICATION NO : 18/04759/P TYPE OF APPLICATION : Outline Planning
SITE ADDRESS : 1 Lyddington Road, Bristol, BS7 0UU DESCRIPTION OF DEVELOPMENT : Erection of a proposed up to 4 bedroom dwelling on land at 1 Lyddington Road, including demolition of existing garage. Outline application with all matters reserved with access gained from Lyddington Road.
SOLICITORS
contact:
Jonathan Beck, Carbon law
Jonathan.Beck@carbonlawpartners.com
£150 K SOLD
LOT 11
GUIDE PRICE : £125 K +++ LAND ADJACENT TO, WICKWAR ROAD, KINGSWOOD, GL12 8RF
Kingswood GLOS
PROPOSED SCHEME
Plot with Planning Granted ***Freehold and Vacant***
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A plot of land measuring approximately 0.09 acres (400m 2 ), situated in a village location in Kingswood, Wotton-under-Edge with fine rural views to the rear aspect and local amenities close by. • Freehold and vacant. • Planning Granted: New Build Planning has been to erect a stylish detached 4
bedroom house (1302ft2) with parking and gardens in this sought after Village location. Planning Information
PLANNING REF : S.19/0340/FUL APPLICATION DATE : 15/02/2019 DATED : 18/04/2019
DESCRIPTION OF LAND : Land Between 25 And 27, Wickwar Road, Kingswood, Gloucestershire DESCRIPTION OF DEVELOPMENT : Erection of a detached dwellinghouse
SOLICITORS
contact:
Jonathan Beck, Carbon law
Jonathan.Beck@carbonlawpartners.com
£60 K SOLD
LOT 12
THE FLAT, 59-61, HIGH STREET, BURNHAM-ON-SE Ω TA8 1PD
GUIDE PRICE : £65 K +++
Burnham-on-Sea
PROPERTY AREA 1450.2 ft 2 /134.7 m 2
Flat for modernisation A leasehold first floor flat (1,450ft 2 ) with access from the rear of 59-61 High Street (via cross street) with 3 bedrooms, reception, kitchen and bathroom. The property occupies a prominent high street within the popular seaside town of Burnham-on-Sea. Local amenities and services are all within close proximity including independent retailers, cafes, bars and restaurants as well the sea front which is a short walk away. Bristol City Centre is approximately 40 miles away and is easily accessible via the M5. • Requires modernisation The flat is need of modernisation but offers huge potential in this busy central location. • Rental Investment Once renovated the property has excellent rental prospects. • Development potential Potential to convert in to multiple units (STC).
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SOLICITORS
contact:
Samantha Jones, SCJ Solicitors
samantha.jones@scjsolicitors.co.uk
£126 K SOLD
LOT 14
GUIDE PRICE : £125 K +++ BUTSTONE HOUSE, 6 WEST STREET, BANWELL, BS29 6DA
Banwell
PROPERTY AREA 3051.8 ft 2 /283.5 m 2
Block of flats: investment/break-up ***Sold with Vacant Possession*** Butstone House is a commanding property (3051ft 2 ) occupying a prominent corner plot within the village and comprises 3 self contained residential units and a commercial shop. • Sold with Vacant Possession Sold with vacant possession but was recently let for £22,200 pa • Property comprises: • Flat 1: First Floor 2 bedroom self contained Flat • Flat 2: Ground Floor self-contained studio flat • Flat 3: First and Second floor self-contained two bedroom maisonette • Retail Unit: Ground floor corner Retail unit. • Investment Would now benefit from some basic updating and
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there is scope to increase the rents • Planning Granted: Retail Unit
Planning granted (17/P/1266/F) to combine the existing ground floor flat (unit 2) with the shop to create a two bedroom flat. Refer to online legal pack for planning info.
SOLICITORS
contact:
Charles Flemming, Holley & Steer
charles@holleyandsteer.co.uk
£123 K SOLD
LOT 15
1, CHURCH STREET, BANWELL BS29 6DA
GUIDE PRICE : £100 K +++
Banwell
PROPERTY AREA 1414.2 ft 2 /131.4 m 2
Flats/terraced house ***Sold with Vacant Possession***
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A Freehold terraced property (1414ft 2 ) arranged over three floors with rear garden. Currently arranged as two self contained flats with the potential to convert back into a family home subject to gaining the necessary consents. • Sold with Vacant Possession • Family Home There is scope (STC) to combine the two flats back into the original 3/4 bedroom house with an enclosed rear garden. This would require installation of a staircase on the ground floor and blocking off another entrance but would create a charming property. • Investment/Flats The property is sold with vacant possession but was recently fully let producing £12,000 pa. The flats would now benefit from some basic updating and there is scope to increase the rents once completed.
SOLICITORS
contact:
Charles Flemming, Holley & Steer
charles@holleyandsteer.co.uk
£10 K SOLD
LOT 16
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GARAGE @, PALMERSTON ROAD, REDLAND, BRISTOL BS6 7RH
GUIDE PRICE : £10 K +++
Redland
Redland garage A Freehold single garage in a rank of three (right hand side garage) with vehicular access from Palmerston Road within the popular residential suburb of Redland. • Garage Garage in a sought after location where parking is at a premium. • Investment We understand the garage would let for circa £50 PCM . • Storage Excellent storage. • Strategic land/development of rank We suggest there is long term development potential of the whole site and this may prove a wise strategic investment. There may be scope to engage with the other 2 owners to develop the rank into modern garages/residential (subject to consents).
SOLICITORS
contact:
Gabrielle Artess, Barcan Kirby
g.artess@barcankirby.co.uk
SEPTEMBER AUCTION £260k ORIGINALLY POSTPONED DELAY WITH LEGAL PACK
SOLD
LOT 17
HOUSE + PLOT, 4, MULBERRY DRIVE, KINGSWOOD BS15 4EA
GUIDE PRICE : £240 K +++
Kingswood
PROPOSED SCHEME
House + Plot combo ***Sold with Vacant Possession*** Freehold semi detached property occupying an elevated position on a larger than average corner plot with accommodation arranged over two floors in the popular suburb of Kingswood • Sold with Vacant Possession • Development Combo • House for updating The property now requires modernisation but has scope for a fine home with a single story extension to the rear and a large garden plus two off street parking spaces. • Plot: Planning Granted
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Planning has been granted (PK18/3708/F) to erect a semi detached 3 bedroom house to the side of the property with corner garden plus two off street parking spaces. Please refer to plans for details .
SOLICITORS
contact:
Helen Brewer, Star Legal Solicitors - Clevedon
helen.brewer@star-legal.co.uk
POSTPONED DELAY WITH ACCESS
LOT 18
GUIDE PRICE : £250 K +++ 28, CATHERINE WAY, BATHEASTON BA1 7NY
Batheaston
PROPERTY AREA 950.1 ft 2 /88.3 m 2
Family home/investment A Freehold mid terraced family home (950ft 2 ) set in an elevated position in this sought after residential location. The property is arranged over two floors with a large rear garden and has recently been renovated to a high standard. Sold subject to existing tenancy agreement – vacant possession available upon request. • Family Home: Reduced Price for Auction The property was previously marketed for £315,000 with local agents and is now available at a reduced price for sale by public auction. • Vacant possession is available upon request • Investment The property is currently let for £950 pcm (£11,400 pa) to professional tenants on a 12 month AST agreement. The tenants are approaching the 6 month break clause.
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SOLICITORS
contact:
Lisa Butcher, Forrester Sylvester Mackett
lisabutcher@fsmsolicitors.co.uk
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