Musings of a London Property Finder

Stock sold successfully yesterday at the McHugh’s auction sale yesterday, with 79% of lots sold.  Residential upper parts over four floors in bustling Marchmont Road, Bloomsbury sold for £845,000, almost double it’s guide.  For comparison, a freehold entire building 6 doors down sold for £980,000 2 years ago.  A good result we think.

Most lots sold as expected, with the majority finishing under £250,000 and a smattering of higher value property at sub £450,000.  There was also a self-build site offered which remains unsold – more details tomorrow.  This London Property Finder sees auction results as a barometer of the market and if you want to move do now as  the market is moving.

http://www.mchughandco.com/auctions.asp

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Technorati Tags: bargain property, Bloomsbury bargains, House Prices, London House Prices, London Property Finder, McHugh's Property Auctions, property auctions

Tags: bargain property, Bloomsbury bargains, House Prices, London House Prices, London Property Finder, McHugh's Property Auctions, property auctions