Following the success of its latest property auction, Auction House Bristol & West is pleased to announce its next sale, which will take place at Ashton Gate Stadium on Winterstoke Road in Bristol on Thursday 13th July.
At its previous auction, held in May, Auction House Bristol & West achieved sales on 87.5% of the lots offered, raising a cumulative total of £1,290,500 for its clients. Most of the lots sold at the higher end of their guide prices with the star of the event being a three bedroom Hawksley PRC semi in Brockworth, Gloucester, for which bidding was hard and fast driving the final sale price to £112,500 against a guide price of £90,000 - £110,000. With a timescale of 20 working days set from the fall of the gavel, sales on all those homes have now completed.
There is an interesting mix of lots going to the saleroom on 13th July. The selection of land, commercial, mixed use and residential property includes a home in a curved terrace of four in the lee of the iconic Clifton Suspension Bridge.
Pound Street, Warminster, Wiltshire
This charming end of terrace period cottage has been unoccupied for a long time and requires complete renovation, but comes with a rear garden of approximately 85ft with vehicular access and planning permission for a large two storey rear extension creating a lounge, kitchen/diner, utility room and WC on the ground floor with two bedrooms and a family bathroom upstairs. It sits in a conservation area in a very convenient location just a few minutes from the town centre, and is being sold with a guide price of £90,000.
Plots on Severnside Farm, Walham, Gloucester
There are six lots on the edge of the St Oswald’s Park development in Walham. Forming part of the historic Severnside Farm, the plots – consisting of four fields and two areas of hardstanding – may offer some long-term development potential, subject to planning. Currently, the fields are ideal for keeping horses or other amenity uses and the areas of hardstanding ideal for storage but also offer potential for parking and garaging. It should be noted that the land does lie within the River Severn floodplain. Guide prices for the plots range from £8,000 to £30,000.
Lilliput House, Fosseway, Midsomer Norton, Radstock, Somerset
This is a unique commercial building, which until recently has been used as office space with four individual cellars beneath ideal for storage. There is a turning circle in front of the building and a further parking area at the rear. Flanked by residential properties on either side and commercial premises at the rear which, it is understood has planning consent for residential development, the building has considerable potential for redevelopment, subject to the necessary consents. This freehold property is going to the saleroom with a guide price of £150,000.
Clarence Street, Gloucester
Set in the heart of Gloucester, this mixed-use four-storey building occupies a prominent corner position opposite the bus station and is currently arranged as a restaurant/take-away along with four, four-bedroom flats used for student lets, producing a gross annual yield of around £82,000. Being in the Kings Quarter designated development zone, the property and its long-term capital growth will significantly benefit from the redevelopment of the city centre, which is already underway. This handsome period building is entered with a guide price of £850,000 - £1,000,000.
Martingale Road, Brislington, Bristol
Representing an excellent opportunity for investors and first-timers, this spacious mid-terraced house sits in a quiet cul-de-sac within walking distance of Sandy Park Road and its many amenities. In need of refurbishment, the property has two reception rooms, a kitchen, three bedrooms and an upstairs bathroom as well as a good sized rear garden, and comes with an auction guide price of £190,000 – £220,000.
Worthy Place, Weston Super Mare, North Somerset
This commercial two-storey building sits in a central position in Weston Super Mare and provides 351sqm of A2 office space, currently let at circa £20,000 p.a on a rolling lease. Given the increase in demand for town centre student accommodation and the building’s location, it is prime for residential conversion, subject to the relevant planning consents. This potential-packed investment property is going to the auction with a guide price of £200,000 - £250,000
Harcourt Road, Redland, Bristol
An ideal opportunity for first-time buyers and investors, this lower ground floor flat sits on the borders of Westbury Park and Redland, close to the shops, cafes, bars and restaurants of Henleaze Road and Gloucester Road, and comes with a new 999-year lease. Recently refurbished with a modern open plan living space and a double bedroom, the flat will be vacant on completion but is currently let at £695 per month, offering a gross annual yield of circa 6-7%. This residential investment is going to the auction room with a guide price of £120,000 - £140,000.
Wellington Court, Wellington Street, Gloucester
This is a large two bedroom flat with a lounge and separate kitchen, on the second floor of a modern block, just a few minutes’ walk from the shopping and leisure facilities in Gloucester City Centre and Gloucester Docks. With 987 years on the lease and a likely rent in the region of £600pcm offering a potential gross annual yield circa 12%, the flat is ideal for investors. The flat is going to auction with a guide price of £60,000 - £80,000.
The Colonnade, Hotwell Road, Hotwells, Bristol
Set in the lee of Bristol’s iconic Clifton Suspension Bridge and close to the defunct Clifton Rocks Railway and the famous hot spring that attracted many visitors in the 17th and 18th Centuries ‘in search of health and entertainment’, this home is in a Grade II Listed terrace of four properties, originally designed as part of a larger curved terrace and is believed to date from around 1786. Indeed, Brunel, the man himself, would have known this building.
This historic property retains many original features, but is now in need of refurbishment to bring it back to its former glory. Set back from the main A4 Portway behind a small communal garden, the property is only accessible on foot. To the front is a flagstone paved area and to the rear is a small courtyard. The ground floor is largely open plan, while on the first floor are two bedrooms, one with an en-suite wet room, a large reception room/third bedroom, and a currently unused Jack & Jill bathroom. This notable property is to be sold at auction with a guide price of £200,000.
Auction House holds the number one spot in residential property auctions in the UK with 40 sale rooms and a reputation and proven track-record for its multi award-winning service. Headed by long-standing and highly respected property professionals, Peter and David Beddoe, Auction House Bristol & West recently expanded its reach and now offers a full auction sale service for properties throughout the South West, including Bristol, Bath, Somerset and Gloucestershire.
Working with partners and fellow members of the Experts in Property network, its auction services are also available for properties across Cornwall, Devon and Dorset.
Bidding at the sale starts at a very convenient 7pm. Full auction legal packs can be downloaded from www.auctionhousebristol.co.uk.
For further information about any of the lots hitting the saleroom on 13th July, visit www.auctionhouse.co.uk, pop into Morgan Beddoe and Auction House Bristol & West at 94E Whiteladies Road in Clifton, Bristol or call 0117 946 4949.
To discuss auction as a method of sale for your property, contact your local office of the Experts in Property or Auction House Bristol & West directly on 0117 946 4949.