Lots of success
POPULAR property auctions are helping to boost the Welsh housing market, according to Swansea Bay estate agent Peter Alan.
Its All Wales Auction has seen a surge in activity over the last few months and at the latest many of the homes were selling well over the guide price, it says.
Developed by estate agency Peter Alan in partnership with North Wales-based agent Williams and Goodwin, the All Wales Auction, is designed to offer an alternative platform for buyers and sellers who may not want to go down the traditional route.
The latest All Wales Auction saw more than 79 per cent of lots selling at the fall of the gavel; including several residential properties and a farmhouse set on 23 acres of farmland in Kidwelly.
Further successes during the auction included a detached property in Tircoed Village, Swansea, which sold for £34,000 over the guide and a terrace property in Port Talbot, which was very popular with bidders and eventually raised an extra 241 per cent of the guide, delighting its sellers.
Peter Alan auction manager Diane Fairchild, said, "I am thrilled with the success of our October auction, it was very well attended with great prices being achieved for the sellers. It really shows how beneficial it can be to sell via auction especially in a market of rising prices.
"With our combination of intense property marketing and our award winning, highly experienced auctioneer Melfyn Williams, we believe that the best possible price is always achieved. We already have interest on the lots which are in our November auctions and entries are currently being invited."