This week we unearth some of the best property deals secured over the past few days at auctions in Dorset, Southend-on-Sea and Liverpool.
Dorset
Symonds & Sampson took their property auction roadshow to three different venues over a six-day period with terrific success earlier this month.
Auctioneer Mark Lewis said, "It has been a very busy time with properties auctioned in Hampshire, Wiltshire, Somerset, Dorset and Devon bringing in audiences totalling over 500 people throughout the course of the events. Everyone has been very good-humoured and bid strongly on all lots. All of the hard work and effort has definitely paid off."
Lot 1: The first auction in the series was in Sherborne where Little Watercombe Farm at Warmwell, formerly known as Misery Farm, which had a stunning farmhouse, annexe, holiday cottage and 30 acres of land including beautiful lakes, generated an enormous amount of interest from an array of buyers. This included a purchaser who flew in from Singapore for the auction. The property sold for £950,000.
Lot 5: A cottage with a protected tenant at Cokers Frome, near the Showground at Dorchester, sold for £165,000. Comparable properties in good condition can fetch as much as £300,000.
Southend-on-Sea
Saxon Hall in Southend-on-Sea played host to Hair & Son's latest auction last week where nine of the 13 lots sold - 70% sales success - raising a total of £1.4m.
Lot 6: A two-bedroom ex-local authority flat situated on the third floor of a tower block in North Road, Westcliff-on-Sea, SS0, which would make a great first-time buy or buy-to-let investment, was sold for £70,000.
Lot 11: A freehold residential investment on Rochford Road in Southend-on-Sea, SS2, comprising of a two-bedroom flat let on an Assured Shorthold Tenancy and a ground rent generating £7,800 per year in rent, was sold for £235,500 yielding the new owner a gross rental return of 5.76%.
Liverpool
Close to £760,000 worth of properties in the northwest of England were sold by Auction House at Liverpool Town Hall last week after 14 of the 19 lots were snapped up by purchasers.
Lot 3: An unmodernised end of terrace two-bedroom house on Cookson Road in Liverpool, L21, is being offered at a guide price of £45,500. Similar properties in the local area which are in better condition are being sold for in the region of £80,000, suggesting that, aside from having a cracking family home, the property also offers the new owner an opportunity to resale the house - post-works - at a profit.
Lot 9: A three-bedroom terrace house on Penuel Road in Liverpool, L4, which would make for a great family home, is let at weekly rent of £85. The property was sold for £38,500, generating an annual rental return of 11.5%.