background

Auction Success!

Last night Wright Marshall estate agents in Tarporley hosted an excellent auction at The Swan Hotel in Tarporley. There were three lots offered, two of which sold. Both were very different reflecting the diverse nature of a typical auction.

4 Goodwood Close in Barnton was a spacious family home which due to previous structural difficulties sold at a competitive level and offers an excellent rental income potential for the new owner once the improvement works are complete.

The second property we sold was an absolute gem, that being Clemley Cottage, Burgess Road, Norley. This set a record for 2016 in terms of viewings with over 50 parties expressing interest and multiple bids being received on the night. The property comprised a small historic cottage in a very basic condition in a garden plot of half an acre. There were a further 3.5 additional acres of paddocks to the side and the rear with the whole being offered at a guide price of £300,000 – £400,000. At the end of lively bidding the auctioneer Mr Nigel Eckersley put the hammer down at £415,000 – both the vendor and the buyer were delighted.

By Robert Reed – Office Manager

The Right Reform?

Myself, Jonathan Spencer and Nigel Eckersley regularly meet together to discuss the ongoing marketing of properties and new instructions that will soon becoming available. As part of these discussions we always take a broader view of the housing market and look at emerging trends and developments. Jonathan recently read this article below from The Telegraph.

http://www.telegraph.co.uk/news/2016/05/09/relief-for-home-buyers-as-the-government-may-ban-gazumping/

The process of buying and selling in this country does come in for much criticism and we are certainly of the view that sensible reforms and improvements could be made. However, it is crucial that the reforms make the process more transparent, fair and equitable rather than being additional complication, confusion and delay.

An example where reform went wrong was the introduction of Home Information Packs in 2007 which were costly, time consuming and did nothing to help the process.

They were of course subsequently abolished with the only retained element being the Energy Performance Certificate. We at Wright Marshall support sensible reform to the housing market but whichever Government looks at this issue either now or in the future must do so in a considered manner, with the primary purpose being that of simplification and fairness.

By Robert Reed – Office Manager