Parsons Son & Basley: Another sell out for Parsons Son & Basley as records tumble!
In front of a packed auction house with standing room only, Parsons Son & Basley’s November auction raised close to £3 million pounds worth of property sales whilst at the same time sold the entire 15 lots that were available providing a success rate of 100%. Auctioneer Simon Caplin said he was absolutely delighted with not only the success of this latest auction but the fact this was the second time this year their auction had completely sold out, and with some of the final selling prices comfortably exceeding the anticipated reserve figures by significant amounts.
A success rate of 92.6%
“We have enjoyed a record breaking year during 2016” explains Simon, “with over £19.5 million pounds worth of property transactions passing through our department already. With some of the sales agreed we have in hand still to exchange contracts before the end of the year, we are on target to reach £23 million which will be a truly magnificent achievement.”
“It has been a fabulous year, it really has, with some absolutely fantastic prices being achieved and on many occasions with contracts having been exchanged within hours of our clients having accepted offers. We also enjoyed a success rate of 92.6% over the year!
“There certainly were lots to remember during 2016 and here are just a few of them.”
Blatchington Road, Hove
Mixed residential/commercial investment
Viewing time 3pm
Offer received 3:10pm
Contracts exchanged 4:40pm
Shripney Road, Bognor Regis
House in need of updating
Guide price £350,000-£375,000
Sold in the auction room for £435,000
Seldon Road, Worthing
Former care home with planning permission for HMO
Viewing time 11am Monday
Offer received 11:30am Monday
Contracts exchanged 3 days later for in excess of £1 million
Millers Road, Brighton
Vacant ground floor flat
Guide price £150,000-£160,000
Sold in the auction room for £178,000
St Margarets, Rottingdean
2 bed flat let to protected tenant
Guide price £125,000-£135,000
Sold in the auction room for £153,000
Rutland Gardens, Hove
Ground floor flat in need of modernisation
Sold in excess of £200,000 from a bottom end guide of £180,000
Selba Drive, Brighton
3 bedroom house in need of modernisation sold for £269,000 from a bottom end guide of £230,000
Norfolk Square, Brighton
One bedroom ground floor flat with a short lease sold for £183,000 from a guide of £160,000-£170,000
We even went as far as Somers Road in Reigate
And sold the 3 bedroom wing of a former manor house for in excess of £400,000
Then we had to cancel our June auction
Because we sold every single property beforehand!
And in order to ensure we ended 2016 on a high
Our November auction also completely sold out
In Summary
5 Auctions
2 complete sell outs
A record breaking year thus far and on course to achieve £23m of property sales
A success rate of 92.6%
And we are ready to do it all over again next year,
and some!
Thinking of buying and selling in 2017 then contact your ‘go to’ auctioneers on 01273 274010 or visit www.psandb.co.uk
