Please note that our next auction date will be Monday October 20th 2014 at 1pm at our usual venue, The Oak Room, Old Town Hall, High Wycombe.
If you have a property to sell and would like to talk to us about the benefits of selling under the hammer, please give us a call on 01494 474234.
If you would like to receive email notifications about our auctions, please send your email address to firstname.lastname@example.org
First Lot Details Released
Thompson Wilson are pleased to announce details of the first property which is for sale by auction on Monday 20th October 2014 at 1pm at our usual venue, The Oak Rooms, Old Town Hall, High Wycombe.
25 Castle Street, High Wycombe, HP13 6RU - Guide Price £230,000-£250,000
A spacious 3 bedroom Victorian terraced house which benefits from modernisation works carried out over recent years. The property is an ideal investment opportunity for residential purposes with the potential subject to planing for flat conversion or back to commercial use.The property also has the benefit of two parking spaces.
Please view the property in the main section of our website. Further details such as viewing schedules, auction catalogue and a link to the EI Group where legal packs can be downloaded will be added in due course.
* GUIDES are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a RESERVE (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Have you read the article in the Bucks Free Press on selling by auction?
Going, Going Gone!
Please click on the pdf below or follow the link to read more about selling by auction:
Or call us for a chat to discuss the benefits of selling by auction.
Why do our clients sell at auction?
Please click on the pdf below to see some of the situations that made our clients so pleased to sell by auction.
Buying at Auction?
Just Follow Our Guide
With our next auction scheduled for Monday October 20th 2014, we wanted to let you know some top tips for buying at auction.
Please click on the attachment below or call us on 01494 474234.
Another Successful Auction
Auction 5th December 2013 - 1pm
Thompson Wilson are pleased to confirm that all NINE lots were sold at our December auction. One sold prior to the auction and the other 8 were sold under the hammer on the day. A fantastic 100% record for this auction which equates to over £1.8M worth of sales.
Interest in the room was high with well over 120 people eager to bid. Most lots sold above their guide price with Lot 2 achieving a staggering £52K above the guide price. The four properties in Benjamin Road were also popular with both investors and home buyers making purchases.
A link to a video summary from our auctioneer Guy Charrison is shown below:
Actual values achieved for each lot can be viewed on the EI Group website:
Wednesday 29th May - 1pm
Bidding got off to a good start with plenty of interest in Lot 1 finally selling for £30,000 above the guide price. Another 2 properties were sold under the hammer on the day with another sale secured post auction.
A catalogue of the properties is shown below and detailed results can be viewed by clicking on the link to the EI Group below.
It was another successful auction for Thompson Wilson with near to 100 prospective purchasers in the room waiting for the hammer to fall.
On the day we sold 3 of the 6 lots under the hammer and have successfully managed sales on 3 other properties since the auction.
A full list of all the properties can be found in the auction catalogue and a link to a summary interview of the day with our auctioneer Guy Charrison on Youtube is shown below:
Our December Auction
Our December 11th auction was another success and despite the cold weather there was a crowd of at least 70 bidders. We managed to sell 3 of the 6 lots and with much interest in the unsold properties, we are hopefull of finalising these before Christmas.
This equates to over £3M worth of property sold at auction this year, and with a number of property owners already enquiring about our next auction, we are looking forward to a great 2013.
Full results of the December auction are shown below:
Latest Auction Results 2012
Date Lots Offered Lots Sold Raised
December 6 3 £436,950
September 10 7 £1,494,000
March 5 5 £1,077,750
Our September Auction
Our September 18th auction had a lot of interest in the room with nearly 150 bidders looking to purchase. It saw property sales of almost £1.5M on the day with 7 of our 10 lots being sold under the hammer and 2 more sold by private treaty after the auction.
We generally hold our auctions every quarter and are looking forward to our next one in December.
2011 Auction Results
2011 was a tremendous success with just over £4.77M worth of property selling at auction with 80% of the lots being sold.
Date Lots Offered Lots Sold Raised
February 9 8 £1,785,100
April 6 5 £680,000
May 2 2 £337,500
July 3 2 £414,000
September 5 4 £912,000
November 9 6 £644,000
Buying & Selling at Auction
Over recent years, buying properties at Auction has become a more popular method of purchase. The main advantages for buyers are certainty, control and transparency. As a purchaser you are in control deciding when to bid and how high or low you wish to go. A purchaser is able to buy the property at a price that was achieved competitively against other bidders in the transparent process, and if your bid is successful then the property is yours on completion, the vendor cannot withdraw. Secondly, it is possible to buy properties quickly. If you are well organised, properly advised and have the requisite financial resources, you can exchange contracts in a matter of days.
If the Auctioneer is following RICS common auction conditions completion will be 20 working days after the auction.
You may find properties are on offer with attractive low guide prices, although the eventual sale price will be determined by the level of competition in the room.
The advantages of selling at auction are:-
1. Firstly, certainty, properties are not sold on a, subject to contract, basis in the same way as happens via a traditional estate agency method of sale.
The successful bidder is legally obliged to complete the sale once the gavel falls.
2. Secondly, there is good marketing exposure as our auctions are well advertised in the local and trade press.
3. Thirdly, a good sale price. With a set guide price property should achieve the best possible marketing price and also the speed.
The sale is relatively quick and completion will usually take place 20 working days after the auction.
Should you wish to be placed on our auction mailing list, then please send your email to email@example.com
If you require advice on selling a property by this method then please contact our auction department on 01494 453010 or by email as above.