To buy or sell at an auction is proving a popular choice among Swansea property owners as was proved at Dawsons Property’s latest event.
To mark the half year position with a bang, Dawsons’ recent auction was a complete sell out, with 100 per cent of the available stock being purchased, which included a Grade Two listed church and a large run down Manor House in Mayals.
A modern auction is great for people looking for unusual properties and they have become increasingly popular with buyers who want to avoid the traditional house buying chain.
One of the main lots at the auction was St Paul’s Church in Plasmarl.
Dawsons Sales Negotiator Corey Ashford said: “St Paul’s Church was quite an unusual and quirky lot – not a lot of Grade II churches come up in the area. We set the guide price at £75,000 and were absolutely thrilled to see if reach £90,000 on the day”
Property auctions are in vogue and are becoming an increasingly popular avenue for buyers and sellers and are fast catching up with the more conventional ‘private treaty’ route for homeowners.
This was proved at their recent event when many of the lots under the hammer went for considerably more than their guide price “In fact, two of the auction lots – 2-3 Llewellyn Circle and 30 Parkway both went for twice their guide price.
Dawsons Senior Partner Chris Hope insists: “Nowadays it’s a successful way of selling properties and getting the full price the market will pay. It is not all about a property which is battered and bruised, which no-one wants to buy “a property auction provides a rich variety of property types.”
Dawsons’ auction department has sold 94 per cent of the properties they have marketed so far in 2017. With an ever growing team, the auction department is thriving. Having had three auctions under the hammer so far, 2017 looks to be Dawsons’ greatest year to date for the team.
The former St Paul’s church in Plasmarl, Swansea goes under the hammer at Dawsons Property Auction on Wednesday June 14 at 15:00 in Swansea Marriott Hotel.
The Grade II listed building is expected to ignite a lot of interest as it is such an unusual property.
Dawsons Sales Negotiator Corey Ashford said: “It’s quite an unusual and quirky lot – not a lot of churches come up in the area. There’s a guide price of around £75,000 on this so it’s a good price bracket for a lot of potential buyers.
“The church probably dates back to the end of the 19th to early 20th century, and retains quite a lot of original materials including the organ, stone walls, suspended wooden flooring and the original roof.
“It has D1 planning permission which would allow a number of uses such as a day nursery, education or training centre or medical centre. Its grade II listing means it is of historical importance, so there are restrictions as to what you can do with the building externally and internally.
“Overall it’s a great lot with plenty of potential, and it will be interesting to see who buys it and what it becomes.”
The church is one of a huge range of properties being auctioned on June 14.
Dawsons customer Nigel Burgess tells how impressed he is with the South Wales estate agents and the quality of their service.
Nigel said: “We have dealt with Dawsons in the past, and they keep us up to date with evrything that’s going onprospective tenants, very good on the background checks and very happy with the service we have had so far.”
Just ask Dawsons: the increase in the popularity of the property auction is there for all to see.
With TV programmes like the BBC’s Homes Under the Hammer increasing its profile, the property auction provides an interesting and exciting environment for buyers and sellers.
And on Wednesday afternoon (October 5th) at the Marriott Hotel in Swansea Dawsons are expecting plenty of interest in their latest auction, especially as they have a variety of lots on offer.
Property auctions are in vogue and are becoming an increasingly popular avenue for buyers and sellers, and are fast catching up with the more conventional ‘for sale’ route for homeowners.
Dawsons Senior Partner Chris Hope insists: “Nowadays it’s a successful way of selling properties and getting the full price the market will pay. It is now not all about a property which is battered and bruised, which no-one wants to buy.
“Not only that but a property auction provides a rich variety of property types.”
That is reflected in some of the lots up for offer in Wednesday’s auction, which includes both houses, flats and commercial property.
Here is a selection of the lots going up for auction:
74a + 74b Port Tenant Road: Mid-terrace property comprising of two self-contained flats, one with a sitting tenant. The ground floor flat is a one bed while the first floor flat is a two bed. Other benefits include gas central heating, double glazing and a single garage. Current rental income of £395pcm for the ground floor flat and £400pcm for the first floor flat, with potential to increase. Ideal investment opportunity.
Mayals Road: three-bedroom traditional semi-detached property located on the gateway to the Gower. Ideally situated to take advantage of all local amenities of Mumbles. The property briefly comprises of hallway, lounge, extended dining room, kitchen/breakfast room to the ground floor with three well-proportioned bedrooms and family bathroom to first floor. The property also benefits from large front and rear gardens, a single garage and a driveway providing off road parking.
Imperial House: offered for sale this large investment opportunity on Neath Road, Plasmarl. The property comprises 14 self-contained flats all varying in size which have been recently renovated to an extremely high standard. We have been advised there are parking facilities for each flat and the potential for additional development. All 14 flats are currently occupied under Assures Shorthold Tenancy Agreements, all varying in lengths and rents. There is currently an income of £75,000 per annum exclusive with the potential to achieve based on the current guide price, a Gross Initial Yield of 11.54%.
Glanmor Road: semi-detached three-storey property offering versatile accommodation. Currently utilised as two flats, the ground floor flat comprises of entrance hall, two bedrooms, lounge, kitchen and a bathroom. The first floor flat comprises of three bedrooms, lounge, bathroom, w.c and kitchen. Ideal investment opportunity.
The Grange: This two-storey mixed use building has recently been renovated to a high standard and is occupied by local covenants. The ground floor is predominantly occupied by a café and restaurant, and a child day care centre. The first floor is used as office space. There is currently an income of £126,000 per annum exclusive with the potential to achieve based on the current guide price, a Gross Initial Yield of 18%. This large investment opportunity is situated on Vauxhall Road, Llanelli approximately two minutes from Llanelli town centre.
Here are a couple of useful auction tips:
There are a number of builders and developers who attend auctions looking for properties that is in need of refurbishment. Therefore, if your property falls into this category, you might well achieve a higher price at auction than by way of a private sale.
Auctions are useful for selling properties which are difficult to value. From a realistic reserve price, the auction process allows bidders to compete with each other based on their own impressions of the property’s value. This generally results in the property achieving its market price.
After winning the title of Wales Lettings Agency of the Year at The Lettings Agency of the Year Awards 2016, independent estate agent Dawsons has gone from strength to strength.
In recent months the firm, which has eight sales branches throughout Swansea and south west Wales offering a wide range of property services, has made a number of new appointments. Dawsons is pleased to announce two new additions, Robyn Lewis and Dafydd Spear.
“Robyn joins our highly successful auction department bringing a wealth of experience, boundless energy and enthusiasm, three factors that mean Robyn can easily and confidently handle any residential or commercial property queries. With a very broad knowledge of the housing market and experience spanning a number of years in the industry we also welcome Dafydd to complement our very busy Morriston team,” said Joanne Summerfield-Talbot, Director of Residential Sales at Dawsons.
It’s not just new team members that Dawsons is celebrating, there has also been a variety of promotions and moves affecting current staff. Emma Bolton has transferred from the firm’s successful Marina branch, where she worked in sales and lettings, to their Mumbles branch to take on the role of Branch Manager. Emma’s drive, determination, energy, and vast knowledge and experience in the housing market makes her the perfect staff member for the job.
Joanne added, “Due to the continued growth of our business we have made a number of internal moves throughout our sales department for existing key staff to provide additional support with their vast knowledge and experience, and for some of our newer members these moves will help with their progression and advancement within Dawsons. We wish all of them the best of luck in their new roles.”
This year has been a hugely successful year for Dawsons Auctions! Whether you are looking to sell a property with potential or purchase that perfect project property an auction could be for you.
In the past year Dawsons has been taking project properties and selling them to the highest bidder with great results.
An increased demand for both vendors and purchasers has been proved in the yearly results. In the past 12 months Dawsons Auctions has been hugely successful – 91% of properties on the auction book sold! At the last auction on 7th October, 94% of properties sold.
For a vendor looking for a speedy sale and certainty that a buyer won’t pull out auctions are the way to go. Once the hammer falls, the buyer puts down a 10% deposit and is given one month to pay the 90% of the cost.
Auction is also the perfect environment for buyers who are looking for a project property that they can then live in, convert for a rental income, or fix and re-sell.
“Buying a house or flat at a property auction is a much more transparent way to buy a house. You’ll see other bids as they are made, rather than having to take the estate agent’s word for it,” said Julie Lawry of Dawsons Auctions.
With the last auction for 2015 just finished, Dawsons Auctions has no intention of slowing down next year. To find out what all the excitement is about join us for next auction in 2016, 24th February at 3:00pm at the Swansea Marriott Hotel.