I was fortunate enough to have a tie in with a national auction company, as director of Farrell Walton estate agents, and attended a few auctions live at Barnham Broom in Norwich.
Despite the fact they’re live and unedited – unlike “Homes under the Hammer” they rattle along at a brisk pace and 40 lots are auctioned in about 2 hours. It’s speed dating with property if you like – except you can’t decide later to not show up for the engagement if you develop cold feet.
Online auctions too were another exciting development – delivered eBay style with zero costs to sellers, we sold two properties this way.
If you have a property you want to sell quickly, get in touch with me.
News from yesterday though about an auction of a beach hut in Wales, namely Abersoch, caught me by surprise.
Measuring 13 foot by 9 foot, with no water, electricity, etc, but including a small patch of beach, sold for £153,000 after two bidders went a bit crazy against each other.
World gone mad?
Obviously a beach hut for sale in this area may well be a rare event – the report states that the previous record high was £70,000 some eight years ago.
In Southwold, Suffolk, beach huts are expensive – but I can sort of see why as property in the town is similarly high. Estate agents selling beach huts in the town cannily refer to them as “chalets” and they sell quickly it seems for £70,000 upwards.
In Southwold though, apart from a £32,000 garage for sale, the cheapest unsold habitable property is a 1 bedroomed apartment at £235,000; whilst Abersoch’s cheapest equivalent is a 2 bedroomed apartment for £165,000, a third less approximately.
So the differentials are pronounced yet the Gwynedd beach hut sold for double the amount of its Suffolk equivalent, the chalet.
Sometimes property sales defy logic and this is one of these.
I’d have enjoyed watching this unfold at auction, and would like to know its guide price – if you know more, please let me know.