Landwood Property Auctions, in their second year after a management buyout, enjoyed success despite an uncertain year for the property market and after achieving a 40% increase in 2023.
Among the year's auction highlights was the £2.65m sale of Hadley Grange in Buckinghamshire after a Proceeds of Crime order and a converted period property in Ealing that exceeded its reserve by over £425,000 with over 218 bids made. The quirkiest property Landwood dealt with in 2024 was undoubtedly the former toilet block in Formby which ultimately went for £85,000, from a guide price of £30,000.
"Our performance in 2024 has demonstrated the resilience of our business model amid challenging market conditions," noted James Ashworth, Partner at Landwood Property Auctions, adding “Despite rising interest rates and economic headwinds affecting the property sector, we've continued to deliver strong results across all regions of the UK and diverse property segments,"
He concluded, "This success reflects both our team's expertise and our agile approach to the market. Our targeted investment in people and technology has proved particularly valuable as buyers and sellers navigate this complex economic landscape, enabling us to maintain our high standards of service delivery.”
