PSB Auctions: The Beast From The East Fails To Disrupt Parsons Son & Basley’s Flying Start To 2018

Successful auction flies in the face of stormy weather

Despite the snow and plummeting sub-zero temperatures, normal service was upheld at Parsons Son & Basley’s first auction of 2018 which raised over £2.1m worth of property sales. With hot drinks and warm cookies laid on for everyone in attendance, “it really was very much business as usual” auctioneer Simon Caplin reflected.

“We had buyers from London, Hampshire and Eastbourne in attendance, all determined not to allow the adverse weather conditions stopping them from purchasing their desired properties. We opened up a special telephone bidding hotline to help one particular buyer who was literally ‘snowed in’ and successfully purchased the property he wanted over the telephone, much to the delight of our client.”

Determined not to allow the adverse weather conditions stopping them from purchasing their desired properties

Across the county there were some wonderful prices achieved particularly in Brighton & Hove where a one bedroom flat in St James’s Street, from a lower end guide of £145,000 sold for £161,000 to a London investment company, whilst in Lewes, a freehold commercial investment achieved £280,000 from a guide of £250,000 plus. Prior to the auction a freehold in York Road in Hove comprising of four flats, with just under 70 years remaining on each lease, sold for a staggering £75,000. Whilst a mixed freehold in Worthing and a six flat conversion in Eastbourne also sold for exacting amounts. Over in Bognor Regis, a terraced house in need of modernisation achieved £180,000, whilst an idyllic bungalow in Horam, Heathfield with its very own stream reached £330,000.

All in all, a perfect start to 2018 for one of Sussex’s leading and undeniably oldest and most successful firms of auctioneers.

Parsons Son & Basley are now inviting entries for their next auction on Wednesday 2 May.

If you have a property you are thinking of selling and would like a free, no obligation valuation please contact the Parsons Son & Basley auctions team on 01273 274014.