London and Country Property Auctions, an auction house combining the expertise of three of the residential market's most prestigious names, Hamptons International, John D Wood and Faron Sutaria, achieved sales of up to 24 per cent over guide price at its recent auction at the Millennium Hotel in Mayfair.
Richard Delaney, auctioneer at London and Country Property Auctions says: "Competition was fierce for the selection of Prime property lots. Three properties in particular sold for well above the guide price highlighting that auctions are a viable channel for prime property sales."
A highlight of the auction was the sale of a four bedroom property on Kent Road in the popular commuter area of East Molesey in Surrey. The property generated impressive bids from a variety of parties and went for 24 per cent (£990,000) above the guide price of £800,000. A three bedroom property in the sought-after town of Marlow also went for well over the guide price of £250,000 (18 per cent) and sold for £294,000.
Richard Delaney continues: "There is undoubtedly significant demand for correctly priced properties in the right locations. Auctions are a good opportunity for buyers to take advantage of motivated vendors to ensure a quick sale."
The next London and Country Property Auction event is on 27th June 2012 at the Millennium Hotel, Grosvenor Square, London W1K.
For media enquiries please contact:
Henrietta Clayton, Senior Press Officer Hamptons International
020 7758 8405/ 07866 529 159/ firstname.lastname@example.org