"Despite unprecedented legislative challenges for investors, we have successfully auctioned properties all over the UK, in every sector and achieved sales prices of a combined 22% over client reserves"
- James Ashworth - Landwood Property Auctions
Landwood Property Auctions has reported a record year within its Property Auction and Sales team, with the online auction business seeing a nearly 40% increase in lots sold.
This is complemented by an impressive 43% surge in auction sale prices - the highest amount in the team’s history.
With more than 7,500 bids placed over the past 12 months, the year outperformed its previous record-holding year in 2022 and surpassed its own year-end predictions.
James Ashworth, partner at Landwood Property Auctions emphasises that the foundation for this record-breaking year lies in Landwood’s strong reputation for delivering reliable results within the property sector. As the only fully online property auctioneer conducting weekly auctions on a global scale; Landwood takes pride in setting standards for excellence in the industry as part of an integrated service to the Recovery sector.
Among the year's auction highlights is the sale of a grand five-bedroom residential property in Buckinghamshire, achieving more than £2.1 million, an impressive 80% above the guide price, with more than 700 bids at a rate of one bid every 15 seconds.
On the private treaty side, the Grade II listed 17th-century property, Bulstrode Park, known for its on-screen appearances in Charlie and The Chocolate Factory and ITV’s Midsomer Murders series, surpassed its £6 million guide price.
Within commercial listings, highlighting their ability to sell all types of land, Landwood Property Auctions also sold an industrial 1,872 sq. land plot in Carlisle for 194% above the guide price at nearly £31,000. The client was delighted with this, as essentially, they viewed it as a liability and as having no value to themselves.
James Ashworth said: "This year stands as a testament to our commitment to growth following a successful management buyout. Despite unprecedented legislative challenges for investors, we have successfully auctioned properties all over the UK, in every sector and achieved sales prices of a combined 22% over client reserves.
“This showcases the dedication of the Landwood team. Our investment in talent and growing our team over the past two years, has been pivotal in delivering this level of service."
