Notes From The Rostrum

With 14 lots on offer and still available at the time of going to print, we are pleased to be hosting our first auction of 2025 to be held on Tuesday 11^th  February 2025. Last year was a hugely successful year for the auction department and we are hoping to emulate that again this year. 2024 was a year of interest rate cuts by The Bank of England which certainly influenced activity, and the financial experts are telling us that there will be further interest rate cuts in 2025. Our final auction of 2024, hosted on the 11^th December proved to be very successful, selling 10 out of the 13 lots available, achieving a fantastic sales ratio of 77% and £2.29 million in sales.

With a good spread of property types throughout Southern Hampshire, it’s a great time to buy. Opportunities range from a commercial property located in central Fareham guided at £75,000 to traditional houses, bungalows, a plot of land and investment properties with guide prices up to £400,000.

If apartments are what you are looking for, we have two available in this auction with guide prices starting from £87,000 for a two-bedroom apartment in Southampton with a share of the freehold and a two-bedroom apartment with a parking permit located in central Winchester guided at £250,000.

Traditionally bungalows always prove to be extremely popular, and, on this occasion, we have four available. ‘Waterside’, Deane’s Park Road in Fareham is guided at £270,000 and is derelict two-bedroom detached bungalow in need of complete renovation fronting onto Fareham Creek. Severn Way in West End is a semi-detached two-bedroom bungalow in need of complete renovation guided at £225,000. 11 Bolderwood Road is a detached three/four-bedroom chalet style property in need of modernisation situated within one of Southampton’s most desirable residential locations guided at £350,000. The final bungalow available is 50 First Avenue, Clanfield which is a two-bedroom end of terrace bungalow in need of modernisation guided at £150,000.

Whilst we have several properties in need of modernisation, there are a number of properties that are ready to move into, ranging from £180,000 to £252,000. Some examples of these are a three-bedroom, fire damaged semi-detached house in Southampton guided at £180,000, a ready to move in two-bedroom end of terrace house in Waterlooville guided at £225,000 and a three-bedroom semi-detached house located in Woolston guided at £220,000. Lastly, we have a three-bedroom, two reception room semi-detached chalet bungalow in Horndean guided at £252,000.

If you are a property developer, we have a great opportunity. Land at Oaktree Road has planning permission granted for two detached three/four bedroom houses over three floors guided at £400,000.