Auction round – partnerships, promotions and pec …

The partnership with Arun Estates will see iamsold working across the group’s four brands to deliver a modern auction method (MMoA) to their clients.

As part of this new deal, Pittis, Cubitt & West and Wards will all add MMoA service to their offering, in addition to existing partner Douglas Allan, who already uses iamsold to provide auction services to clients at over 100 branches. .

Branch staff, located in London, Essex, Kent, Hampshire, Surrey, West Sussex, East Sussex and the Isle of Wight, have undergone directed specialist training by the iamproperty team, combining online learning with face-to-face sessions to develop their knowledge of the MMoA process and the benefits and choices it can offer to buyers and sellers.

The group-wide rollout follows an initial three-year partnership with the Arun brand, Douglas Allan. Douglas Allan is known in London and the South East for his forward-thinking approach to buying and selling real estate, having previously offered “fast-selling” solutions, such as “best deals” to his clients. clients.

Along with the other Arun brands, Douglas Allan now exclusively offers the iamsold service as a preferred expedited sales method.

The collaboration also has the potential to meet the growing demand for housing in London and the South East. Between October 2020 and October 2021, iamproperty found that the value of houses auctioned in the south of England increased by 47%.

With the number of auctions increasing by 98% over the same period, there is an appetite for MMoA as a way to buy and sell properties quickly and efficiently.

Through this partnership, agents of Arun brands will be able to offer a wider range of homes for sale, with iamproperty identifying a 54% increase in the number of properties available through their iamsold service in 2021 compared to the previous year.

Commenting on the partnership, Jamie Cooke, co-founder of iamproperty who runs the iamsold department, said: “I am delighted to announce this key partnership with Arun Estates. Working with such an established group adds additional credibility to MMoA, which continues to thrive in the market following a huge surge in buyers’ interest in different selling methods and online trust.

“This partnership will help give buyers and sellers a choice of the method of sale they offer, based on their personal circumstances.”

He adds: “After working with Douglas Allan for several years, it’s fantastic that Arun has extended the partnership to his other brands. Building this type of working relationship, where we work together and offer solutions to agents and their clients, is the key to our common success.

One in a million lot offered at the last Allsop sale of 2021

Allsop has released its latest residential auction catalog of the year, featuring over 220 lots across the UK.

The new catalog includes 15 lots with guide prices of £ 1million or more. Buyers will be able to choose from a wide range of investment types, including regulated rentals, land rental investments, and properties subject to insured short-term rentals.

There are also several development opportunities ranging from properties in need of renovation to new construction projects.

Highlights of the residential catalog include:

  • Lot 33, a Grade II listed apartment building and four houses in Ruislip, guided at over £ 3.5million (GIY 5.27%)

  • Lot 82 in Beckenham, a former care home spanning over 8,000 square feet with a pending planning request, offering the largest catalog development opportunity. The property is guided at over £ 3million

  • Lot 69, a former freehold pub in Kensington with planning permission for the demolition and erection of a new building block of eight apartments. The property is guided at £ 2.25million and above

  • Lot 73, a freehold building of 10 independent apartments in Slough, one of which is currently vacant. The property is guided at over £ 2.1million (GIY 5.52%)

Richard Adamson, Partner and Residential Auctioneer at Allsop, comments: “The residential real estate market has been incredibly strong over the past 12 months, and many opportunities for value creation remain across the country.

“Our eighth and final catalog of this year gives investors one last opportunity to get assets at a good price in various categories, depending on their portfolio mix, budget and risk appetite, before the holidays. of Christmas.”

We look forward to welcoming regulars and newcomers to the digital ballroom in December and expect a wave of buyer activity, ”he concludes.

The auction will take place online on December 16. The catalog is available here.

John Pye Appoints New Head of Valuations Amid Year of Growth

The national online auction platform John Pye Auctions has strengthened its Business and Property department with the promotion of its senior appraiser and longtime colleague Anna Hall as the new appraisal manager.

In what is considered a landmark moment, Hall was also selected as a member of the NAVA Propertymark Advisory Board, making her the first woman to secure the title since Ann Pye almost three decades ago.

The committee is made up of leading figures from the UK auction community, promoting change and professional standards within the auction industry.

Auction round - partnerships, promotions and special lotsHall joined John Pye’s Business Assets team over eight years ago, building on his 15 years of experience with public accounting firms, which began at KPMG. She rose through the ranks and now leads the company’s asset assessment team ensuring that high standards and innovation are maintained.

Commenting on her promotion, she said: “I am delighted to take on my role as Head of Evaluations as it is a true honor to lead such a dedicated and talented team of evaluators and I really look forward to continuing to develop the team. department alongside department heads Trevor and Charles.

“At the same time, being appointed to the NAVA Propertymark Advisory Board gives me a real sense of pride, especially since the last woman to hold this position was Ann Pye. This marks a moment in my own career and in my development at John Pye Auctions of which I am extremely proud. “

Hall has extensive insolvency knowledge derived primarily from liquidation and administration management, while also providing insolvency advice to directors spanning many different industry sectors. She held previous positions with Smith Cooper LLP and Dains LLP, progressing with each company to handle larger and more technical cases.

Trevor Palethorpe, Managing Partner and Co-Managing Director of John Pye Business and Property, adds: “This is an excellent appointment and well deserved by Anna. Our service has grown incredibly over the past five years, both in terms of team size and the number of instructions we serve each year.

“Anna has been the key to this growth. She has demonstrated great dedication and leadership, working tirelessly to energize the department and help mentor and train our young assessors, who are the future of the practice.

Original lots sell well above the guide at Brown & Co

An old classroom, two houses for the price of one and a vacation cabin auctioned online by Brown & Co on Tuesday, December 7th.

A ‘fascinating’ brick and flint old classroom in Crostwick, near the main road to North Walsham, sold for £ 157,000, nearly twice as much as its £ 80,000-100,000 guidebook.

The lot received several bids when the online auction started on Tuesday and the sale had reached £ 100,000 on Wednesday at 2:24 pm. The price rose to £ 157,000 in the following minutes when the virtual hammer fell at 2:31 p.m. – sold to a local man.

Another lot of two houses for the price of one – an end terrace in Esdelle Street, Norwich, converted into two – was walked between £ 100,000 and £ 125,000 and ultimately sold for £ 137,000.

And an original old holiday cabin in Frieston, Lincolnshire, sold for £ 75,000, beating its guide by £ 20,000 to £ 25,000.

At the Brown & Co JHWalter County Property Auction, held in Lincoln on the same day, nine out of 11 lots were sold, bringing its total annual sales to over $ 12.5 million. pound sterling.

Trevor Blythe, Auction Manager, Brown & Co, Norwich, says: “Three weeks before Christmas the appetite for buying property and land is still there.

“Other highlights were 10 lots which were sold for a corporate client who had a target of £ 1million. We were delighted to reach over £ 1.5million.

“Outside of Norfolk, a three bedroom semi-detached house in Wenhaston, Suffolk sold for £ 195,000, guided between £ 150,000 and £ 175,000, another good result for our client.”

James Mulhall, Auction Manager at Brown & Co JHWalter, adds: “A successful auction in December ends a fantastic year for the County auction team. The sale made £ 1.65million, selling new out of 11 lots, bringing our total annual sales to over £ 12.5million.

“We are excited about 2022 as we continue to grow the county property auction in the East Midlands with the help of our brand new Brown & co JHWalter. “

About Lillian Coomer

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