2018 AUCTION REVIEW

2018 AUCTION REVIEW

2018 auct ion review

bristol and the west country's biggest property event

2018 AUCTION HIGHLIGHTS

auction

auction

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FEB’18

APR’18

MAY’18

2018 our results

% SOLD 89

% SOLD 86

% SOLD 88

TOTAL SOLD £ M

LOTS OFFERED

Hollis Morgan

186 £43.7m

146

£23.4m

MAGGS & ALLEN

76

£12.3m

AUCTION HOUSE BRISTOL AND WEST

45

£4.1m

DAVID JAMES

30

£3.7m

DAVID PLAISTER LTD

* Source: EI Group 2011-2018 based on ‘amount raised’.

£ 6,483,500

£ 7,133,500

£ 5,522,250

TOTAL RAISED

TOTAL RAISED

TOTAL RAISED

auction

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JUL’18

SEP’18

NOV’18

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% SOLD 84

% SOLD 81

% SOLD 86

The most successful auctioneers in the region for the last 8 years*

£ 5,316,600

£ 9,496,000

£ 9,813,000

TOTAL RAISED

TOTAL RAISED

TOTAL RAISED

hollismorgan – the results speak for themselves…

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2018 AUCTION HIGHLIGHTS An interesting and challenging year leading to even more auction success…

tepping up to the rostrum for our final and largest auction of the year on the same day as the Governor of the Bank of England announced a possible 35% drop in property prices could be regarded as a daunting prospect but not for us… S

Has a clear picture of the market emerged at the end of 2018? What seems clear to us was an insatiable desire for quality instructions which sold for well above their guide prices. Other areas of the market remain somewhat unpredictable. Sensible and accurate guide prices are essential to achieve a successful, if somewhat modest sale, however, there is always the hope of that unpredictable and exciting auction bonus! Looking Forward to 2019

We are quite sure you do not wish to have any further comments from us on the dreaded ‘B’ word, other than to say, that in such times it is clear the tangible benefits of property is still a reassuring and attractive investment. Never has the phrase “An Englishman’s Home is his castle” been truer than in these

tortuously entertaining days provided by our politicians. As one of the oldest democracies in the world, in uncertain times, it is clear that the British still place their confidence in solid bricks and mortar! Reflecting on the regions property market this year a clear picture has emerged. Low interest rates and a general shortage of property led to an ebullient start to the year and whilst this exuberance had been slightly tempered in the second half of the year, the results have remained encouraging. In fact, for quality instructions at all price levels, competition remains fierce, as demonstrated in the auction saleroom where many properties handsomely exceeded their Guide Prices. Over the years it has been interesting to see how the profile of buyers has changed with more and more first time buyers and families now viewing auctions as a mainstream method of purchasing a home.

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It is highly likely we will experience some highs and lows in the property market but with a shortage of property, continuing low interest rates and the public’s general desire to “just get on with it” should combine to alleviate any undesirable effects of the uncertainty of the political world. Whatever our predictions, however, Auctions offer a true reflection of the property world and the wider economy and we look forward to leading the way and working with you for another year . ANDREW MORGAN MBE & OLLY HOLLIS

bristol and the west country's biggest property event

On the following pages the Hollis Morgan Auction team share their personal 2018 highlights, and with 186 Lots offered and over £45m raised , there was plenty to choose from.

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2018 AUCTION HIGHLIGHTS

WINSTON MANOR HOTEL AND COTTAGE, BRISTOL ROAD, CHURCHILL, BS25 5NL

ROXANNA: 13, KINGSLEY ROAD, COTHAM, BRISTOL BS6 6AF

22, WESTFIELD PARK, REDLAND, BRISTOL BS6 6LX

£774 K SOLD

£1.41 M SOLD

SOLD £501 K

Westfield is the winner

A Churchillian result! OLLY SAYS : “Having been on the market with various agents and experiencing the frustration of various sales falling through, we sold this magnificent Hotel

In need of updating! SARAH SAYS : “Imagination was certainly required on his property but once the pigeons are out and the roof back on it will no doubt be a lovely home for the family to move into!”

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ANDREW SAYS : “This prime Freehold block of flats in Redland had all the hallmarks for success… It was in fact our most expensive lot of the year achieving £1.41 million.”

at the first time of asking allowing the vendors to deservedly retire!”

Andrew Morgan MBE [email protected]

Olly Hollis

Sarah Western

[email protected]

[email protected]

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2018 AUCTION HIGHLIGHTS

111, CORONATION ROAD, SOUTHVILLE, BRISTOL BS3 1AZ

2, NORTH STREET, SOUTHVILLE, BRISTOL BS3 1HT

THE OLD STABLES, BURY LANE, DOYNTON BS30 5SR

SOLD £314 K

SOLD £454 K

SOLD £440 K

Another crowning glory!

Cream of the Cotswolds! LUCINDA SAYS : “The tennis courts and derelict barn came under the hammer in May with a guide of £325k – the Village setting was

Vendor cleans up! CALUM SAYS : “This former car wash in Southville was aesthetically the least attractive lot of the year but the bidding war was spectacular, starting at £125,000 and selling for a whopping £314,000!”

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NICK SAYS : “Returning clients once again placed their trust in the auction process achieved a sale nearly in excess of a £100k above the guide. Proving once again the effectiveness of auction!”

beautiful and eager bidders agreed, selling for £440k!”

Nick Heal [email protected]

Lucinda Culpin

Calum Melhuish

[email protected]

[email protected]

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2018 AUCTION HIGHLIGHTS

SUNNYPATCH, CLEVEDON ROAD, TICKENHAM BS48 1PN

THE WATER MILL, TUNBRIDGE ROAD, CHEW MAGNA BS40 8SP

8, LAMB HILL, ST. GEORGE, BRISTOL BS5 8BG

SOLD £440 K

SOLD £220 K

SOLD £400 K

What price a view?

Secret Woodland Cottage! GEORGE SAYS : “A truly unique cottage accessed via a public footpath and set in the heart of the Troopers Hill Nature Reserve – Nothing woolly about these buyers!’

Keeping the wheel turning!

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MIKE SAYS : “With fantastic views, planning to demolish the existing bungalow and build a contemporary new home the only question was how much? – yours for £440,000!”

KARINE SAYS : “Our very first Water Mill set in the middle of the popular Village of Chew Magna – it will be fascinating to see how this property will be developed.”

[email protected] Mike Hayne

George Harris

Karine Cadoret

[email protected]

[email protected]

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2018 AUCTION HIGHLIGHTS

GOWAN CROFT, CHURCH LANE, LOWER FAILAND, BRISTOL BS8 3SP

professional marketing

SOLD £580 K

WE SELL THE MOST £££’ S

MAILING LIST OF 15,000

BRISTOL ’ S MOST EXPERIENCED

UP TO 750 PEOPLE

ALMOST £275m

Auction Saves the Day! SARAH SAYS : “It was extraordinary that such a stunning opportunity had failed to sell with the previous auctioneers and the family were both relieved and delighted when we sold it for £180k over the Guide!”

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INVESTORS , DEVELOPERS

OF PROPERTY BY AUCTION

AUCTION SALES

SINCE 2010

ATTEND OUR AUCTIONS

AUCTIONEER

IN THE REGION

AND FAMILY BUYERS

we’ve got all the expertise you need for a successful auction

Sarah Cocks

[email protected]

BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT

2019 join us at one of our auctions

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 2019 is… Bear Wood Project – a n exciting new development due to open in the summer of 2019 at Wild Place Project, transporting visitors back in time showing the effects of woodland loss on our native animals. www.wildplace.org.uk/bearwood

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The Hollis Morgan charitable year…

FEBRUARY 2019

APRIL 2019

Andrew Morgan MBE reports on a memorable year of raising substantial funds for many Bristol Charities…

2018

“The Hollis Morgan Charity of 2018 was Off The Record . OTR is a mental health social movement by and for young people aged 11-25 living in Bristol and South Gloucestershire. Working with their dedicated team was an absolute pleasure and we were astounded by how many people had benefited from their valuable services. Our annual ‘Opera Picnic’ held in the church and gardens of All Saints Clifton, as usual, gave us a good opportunity to entertain our families, clients and friends and OTR were able to raise an amazing £5,000 on that occasion as guests enjoyed the hot weather, delicious supper and singing all accompanied by the liberal pouring of Fizz and wine! At the end of the year we were able to match this amount to raise the total sum to £10,000 for the year. “One of the highlights of the year was a glittering evening at Badminton school to celebrate the fortieth anniversary of St Peters Hospice. Wonderfully hosted by Joanna Lumley in a magnificent marquee, the evening was a truly emotional experience culminating in an hilarious auction with Andrew and Joanna doing a double act to raise much needed funds. A bottle of champagne signed by Joanna was sold for £2,500 which also included a passionate kiss for the lucky purchaser! This was indeed a celebration to remember! “The Secret Postcard Auction at the RWA provides the audience with a unique evening in which to test their artistic

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JUNE 2019

JULY 2019

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25

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Joanna Lumley and Andrew Morgan MBE at the St Peters Hospice event

SEPTEMBER 2019

NOVEMBER 2019

knowledge when famous artists and local artists work comes anonymously under the hammer. This always seems to take place on a very hot evening and proves the need for the improvement of the building and the installation of air conditioning! It is such a privilege to be involved in this event as Bristol is so fortunate to have such an institution in the heart of the city and it is an evening of frenetic fun. “Many other charities were also supported and we are always pleased to make our auction services available free of charge whenever possible. In 2019 we will be supporting the Bear Wood Project, a unique initiative by Bristol Zoo.”

Our Auctions take place in the iconic All Saints Church on Pembroke Road in Clifton, near to the Downs and the Zoo.

BRISTOL AND THE WEST COUNTRY ' S biggest property event

Andrew Morgan presenting a Cheque for £5,000 in front of the Bishop of Bristol to Sylvia Korsak from OTR

tel 0117 973 6565 | www.hollismorgan.co.uk | [email protected]

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

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

AUCTION REVIEW 2018