2017 AUCTION REVIEW

2017 AUCTION REVIEW

2017 auct ion review

residential sales | auctions

bristol and the west country's biggest property event

2017 AUCTION HIGHLIGHTS

Another successful auction year… 2017 has been a memorable year on the rostrum as the market has been challenging, exciting and rewarding in equal measure with a number of Lots achieving quite spectacular results that would simply not have been achievable by traditional methods.

Although Auctions are a serious business we also aim to make them enjoyable occasions where we can welcome everyone from first time buyers, those seeking a garage or a family home through to professional investors and developers, all standing shoulder to shoulder in our iconic sale room. Our catalogues always contain an eclectic assortment of lots from Churches to toilet blocks, Georgian townhouses to suburban bungalows, plots to blocks of flats with a varied mix of everything in between! So what of 2018?

Having just read last year's review of 2016 and our forecast for 2017, it does seem to have been remarkably accurate! We predicted that 2017 would be a good year for the property market in the West Country and looked forward to the ensuing year with enthusiasm and optimism – this seems to have been a view adopted by the property buying public and proved in the saleroom, as we sold our highest total value since we opened in 2010. The region's property buyers seemed to have ignored the

consistently negative headlines and adopted the mantra that, in an uncertain world, the tangibility of property is still one of the best investments available. Add to this the low interest rates, the general shortage of instructions and, dare we say it, the ‘Brexit’ effect which, far from putting off foreign investors, seems to have confirmed their view that the UK is an increasingly safe place in which to invest. Our practice of holding six

It would seem unimaginably arrogant to assume that we would get our annual predictions right in two successive years especially when so many extraneous events could substantially alter the status quo, however, many of the facts and comments mentioned previously remain the same but, in addition, we detect a really positive attitude from property people "they simply want to get on with the job and make things work" and

large public auctions spread throughout the year is a successful formula which has captured the imagination of all those with an interest in property with each auction attracting a huge attendance and it is generally standing room only at All Saints!

we are the instrument to make this possible! Auctions offer a true reflection of the property world and the wider economy – we look forward to leading the way and hope you will join us! ANDREW MORGAN MBE & OLLY HOLLIS

results

OUR 2017

2017 RESULTS

TOTAL SOLD £ M

LOTS OFFERED

Hollis Morgan

123 22,969,400 195 49,241,000

MAGGS & ALLEN

68 10,286,000

AUCTION HOUSE BRISTOL

77 7,824,000

COOPER AND TANNER

46 3,583,800

DAVID PLAISTER LTD

The most successful auctioneers in the region for the last 7 years*

13 2,247,000

BESLEY HILL

16 2,002,000

STEPHEN & CO

* Source: EI Group 2011-2017 based on ‘amount raised’.

hollismorgan – the results speak for themselves…

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2017 AUCTION HIGHLIGHTS

The Hollis Morgan Auction team share their personal 2017 highlights… and with 195 Lots SOLD and over £49m raised it was very difficult to narrow it down, but we have made these personal selections…

STAFFORD HOUSE, 1 ALL SAINTS ROAD, CLIFTON, BRISTOL BS8 2JG

Andrew Morgan MBE : Trip down memory lane…

“

When I was married in 1973 I lived opposite this house and became friends with the owners. When they died it was an honour to sell the house, especially as it sold for nearly a quarter of a million above the guide price!

”

£999 K SOLD

36, LULSGATE ROAD, BEDMINSTER DOWN, BRISTOL BS13 7AJ

Olly Hollis: The complete service!

“

Having initially met to prepare a simple Probate Report we then advised the estate to split the plot from the house, introduced architects and finally auctioned the land for 30% over the guide price – hugely satisfying!

”

£151 K SOLD

THE MAISONETTE, 6, WORCESTER CRESCENT, CLIFTON, BRISTOL BS8 3JA

Calum Melhuish: The auction process proves a winner!

“

This prime Clifton property was always going to sell, but when local estate agents repeatedly told the vendors it would need to go to sealed bids they accepted our recommendation and bravely went to auction – selling for £140,000 over the guide price it proved a wise decision!

”

£790 K SOLD

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2017 AUCTION HIGHLIGHTS

THE EDWARDIAN CLOAKROOM: WOODLAND ROAD, KINGSDOWN, BRISTOL BS8 1US

ST. SAVIOURS HALL: WOODFIELD ROAD, REDLAND, BRISTOL BS6 6JQ

£215 K SOLD

£540 K SOLD

Nick Heal: Record breaking bogs...

Mike Hayne: Auction was indeed the saviour.....

“

Our most popular lot of the year with national press coverage and 266 registered bidders - we could have sold tickets for the viewings of this quirky building! The toilets eventually sold for £215,000 which we believe is a record for a public convenience in the City.

” “ From advising the Trustees, introducing the architects, assisting with some complicated planning and legal issues it all led to a spectacular result with the guide of £300,000 eventually reaching a whopping £540,000! CROSSWAYS HOUSE: THORNBURY ROAD, ALVESTON BS35 2LR

”

SEAWAY, WALTON DOWN ROAD, WALTON DOWN, BS21 7AZ

£490 K SOLD

Karine Cadoret: East triumphs over West! £400 K SOLD

Sarah Western: Battle for sea view at Seaway...

” “ This memorable property was a real Jeckyll and Hyde proposition overlooking beautifully landscaped Cricket pitches to the East and an industrial car showroom to the West – having been on the market for nearly two years with various aborted sales the family were delighted to sell for £400,000.

” “ With over a 100 groups viewing this prefab property perched on the hillside of Walton we had anticipated a feisty battle but the crowd of 750 onlookers were amazed to see two bidders take the price from an initial £230,000 to £490,000!

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2017 AUCTION HIGHLIGHTS

144, CHELTENHAM ROAD, STOKES CROFT, BRISTOL BS6 5RL

THE LAWN: LODGE LANE, NAILSEA, BS48 1BL

£485 K SOLD

£585 K SOLD

George Harris: Something for Everyone!

Sarah Cocks: Auction means action!

“

” “ Having lived in the property for over 30 years the owner had moved out and sales had fallen through with local agents – action was needed and we were delighted to find a happy buyer who successfully exchanged prior to auction.

This property had a bit of everything - lock up shop for investment, flats on the upper floors needing renovation and even a building plot with planning at the rear - with over 50 groups viewings this interesting and landmark property, it eventually sold for a staggering £485,000.

”

Who and what are RESOC?

The UWE Real Estate Society (RESOC) was founded in 2017 by 3, second year UWE 'Real Estate' students and has grown into a great tool for the student body to take their interest in property to the next level and get real world experience and make their own connections. The society works closely with the course lecturers and similar societies at other universities to organise great events and help improve the employability of our members. More information about what we do is available on our website: www.resoc.co.uk and you can get in touch with us via email at: [email protected]

the UWE RESOC real estate students ready to help at one of our auctions…

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

The Hollis Morgan charitable year… Each year we dedicate part of our time, talents and money to support the great institutions of our city and local charities. Through charity auctions, hosting and staging events as well as sponsorship, we are able to assist local charities raise between £100,000 and £200,000 each year. HOLLIS MORGAN our charity support…

Our Charity of the year for 2018 is Off The Record Bristol –a mental health social movement by and for young people. OTR provides free, confidential, mental health support and info to young people aged 11- 25 across Bristol and South Gloucestershire. please visit www.otrbristol.org.uk

2017

Andrew Morgan MBE and his charitable team have had another fantastically busy year taking charitable auctions on a number of memorable occasions raising substantial sums for

many Bristol charities. Our own event, the annual ‘Opera Picnic’ in the iconic setting of All Saints, where 400 clients, family and friends come for a party with a difference, ‘A Summer Evening of Opera Highlights’ and is now a well established fixture of the Bristol social scene!

This year it has also been a privilege to work with many famous personalities including Sir Tim Rice, Wayne Sleep and Patricia Routledge, Raymond Blanc and Professor Alice Roberts for charities as varied as Bristol Zoo to The Ghurkha Welfare Trust, Penny Brohn, St Peters Hospice to Gloucestershire Cricket Club. Andrew Morgan MBE says "Charity auctions are huge fun and I get asked to offer some extraordinary prizes from African holidays to the opportunity to name a baby bear for Bristol Zoo's Bearwood project! Celebrating the 800th Anniversary of The

Andrew Morgan MBE at the rostrum during The Annual auction of secret postcards at The Royal West of England Academy.

Role of Lord Mayor of Bristol involved a glittering evening and a Banquet of Food through the Ages

under the aegis of Raymond Blanc – an event I had no difficulty in attending!” We were delighted to support our 2017 Charity of the year a LIFE for a CURE helping Ryan's Bresnahan's mother raise £30,000 through a combination of 3 events. Ryan died of Meningitis B very suddenly – read all about this touching and inspirational story and make a donation at www.ryanbresnahan.org. Our very own George, a school friend of Ryan, presented the Hollis Morgan cheque in a special moment for all involved. join us at one of our 2018 auctions The Hollis Morgan team presenting Michelle Bresnahan from a LIFE for a CURE (second left) with a cheque for £4,500.

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see our website for full details www.hollismorgan.co.uk

tel 0117 973 6565

9 Waterloo Street, Clifton, Bristol BS8 4BT.

Information on Auction Lots is correct at time of publication. Auction catalogue contents © Hollis Morgan Property Limited 2018

AUCTION REVIEW 2017