FOR Romans&rsquo third auction of the year — which took place on May 18 at the
FOR Romans&rsquo third auction of the year — which took place on May 18 at the Green Park Conference Centre in Reading — the agency turned all “Game of Drones” by introducing drone tours of some of the properties on offer.
Simon Clayton, Romans&rsquo director of auctions, said: “We launched our innovative drone tour service last year, focusing on traditional residential properties. As far as we are aware this is the first drone tour of an auction lot.”
Romans achieved its highest capital value sold at an auction so far this year, with a majority of the lots selling for significantly higher prices than their reserves.
A varied catalogue of interesting lots ensured that bidders experienced the busiest sales room of the year, with more than 250 buyers packing the room.
Fierce bidding resulted in most of the catalogue being sold, with several post-auction deals still to be done.
“This was the first auction we have held since the introduction of the ‘additional homes&rsquo stamp duty tax in April, but demand in the room was stronger than ever,” added Simon.
“I&rsquom pretty sure that any additional costs investors now face will be quickly absorbed by the continuing rise in house prices over the longer term, due to the ongoing short supply of property.”
Several lots were available in the Reading area, including a period detached house on Henley Road in Caversham, ideal for owner-occupation and offering good access to the centre of town and local schools.
It sold for £381,000, which was £31,000 more than the guide price.
Simon said: “We again witnessed great demand for quality stock and we expect this to continue throughout the year.”
If you are thinking of selling your property, Romans is now inviting entries for its fourth auction of the year on Thursday, July 14. Call the team on 01344 988728 to see if selling by auction would be the best method for your property.