Posted on Monday, December 9, 2019
Three Harrogate homes have sold above their guide price at the final property auction of the year by local property experts FSS.
One semi-detached house on Whinney Lane near Ashville College sold for £66,500 more than its £250,000 guide price, with the hammer falling at £316,500 after some lively bidding.
Auctioneer Richard Smailes said the strong performance of the three Harrogate properties bucked current market trends and highlighted the benefits of auction for those wanting a quick sale.
He said: “What these results show is that Harrogate is still very much in demand and there are plenty of buyers and investors out there looking for a project who will bid against each other for something with potential.
“An auction can ensure sellers secure the best possible price and have the money in their bank quickly, without any of the usual uncertainty of broken chains and buyers pulling out,” he added, explaining that contracts exchange with the fall of the hammer.
“If anyone has a property that they would like to list at our next auction on March 5th they can contact me now to discuss its suitability and how the process works.”
As well as the three bedroom family home on Whinney Lane, a double-fronted detached house on a large plot on Wetherby Road, Harrogate, sold for £373,500 – that’s £53,500 above the guide price of £320,000. This renovation project was appealing to investors because of its excellent location close to the Showground and on the main route out towards the bypass and Leeds, York and the A1, plus the size of the plot, which would allow for further development, subject to planning.
Another good performer at the December auction was a two bedroom ground floor apartment in the popular Chatsworth area of Harrogate town centre, with access to a communal garden and car parking. The guide price was £100,000 and it sold on the day for £111,000.
To discuss selling your property or land at auction contact 01423 501211.
Auction dates for 2020: Thursday 5th March, Thursday 21st May, Thursday 16th July, Thursday 1st October and Thursday 3rd December. All auctions will be held by FSS at Pavilions of Harrogate. To be kept informed of auction lots and dates please contact the above number or email email@example.com and ask to be added to the auction mailing list.