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Andrews & Robertson posts 65% success rate

first_imgAndrews & Robertson raised £10,163,500 at their second 2018 auction at The Montcalm Hotel, Marble Arch, London. A diverse portfolio helped post a 65 per cent success rate from 43 lots, with an average lot size of £250,631.Lot 49, a freehold three floor terraced house in Chatham, Kent far exceeded the initial bid of £145,000. Bidding from a wide array of parties saw the house sell under the hammer for £176,500.One of the most sought-after properties was Lot 11, a freehold three floor detached house in Granard Road, arranged as two self-contained flats being sold by order of the London Borough of Wandsworth. Guided at £1,000,000, the property sold for £1,360,000.72 Avonley Road, New Cross, SE14 (pictured), a Freehold two floor end of terrace house within the Hatcham Park Conservation Area, with potential for extensions and a rear garden, was guided at £450,000 and sold for £525,000.Robin Cripp, Senior Auctioneer at Andrews & Robertson, said, “The success of our second auction this year shows the strong appetite from buyers and healthy competition from bidders.“The market is good when the price is right resulting in high bidding volumes and positive outcomes for our vendors. We’ve also seen a number of subsequent sales come through post-auction, and as demand remains strong we expect to see continued success over the course of 2018.”Andrews & Robertson Andrews & Robertson success rate auction June 1, 2018The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Andrews & Robertson posts 65% success rate previous nextAgencies & PeopleAndrews & Robertson posts 65% success rateThe Negotiator1st June 20180323 Viewslast_img

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