Property type: Georgian Town house Bury converted into 5 flats
Reason for auction: Convenience
Seller: Professional landlord retiring
Guide price: £120,000
Sold price: £100,000
History of This Auctioned Converted Georgian Town House in Bury England
The vendor had owned and rented the Bury property as 5 flats for over 20 years and made a lot of money from the rent.
The building was becoming tired, dated and in need of renovation.
The owner was looking to retire and could not be bothered with the hassle of doing the improvement works. They sold by auction purely for convenience and ease.
The sale price was less than estimated as it was discovered during the preparation of the legal pack that the building had no planning permission for the conversion into flats. Nontheless, the seller was happy because he sold the property extremely fast.
Choose Auctioning for Faster Sale Completion
Imagine asking an estate agent sales personnel that you want your property be sold within days? What do you think their response will be? They will try to convince you that selling a property in Bury (or anywhere in UK) takes time (usually 6 to 12 months). This is actually common time frame when selling through estate agents, however, if you insist that you want your property sold within days, then, estate agents can not cater for your request. This is one of the many reasons selling by auction is not only convenient but is also quick.
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