AUCTIONS


Auction House uK Operating with a slightly different model, Auction House UK was formed in July 2007 by Roger


Lake and Bryan Baxter. It now claims to be the largest auctioneer outside London, with 25 auction rooms across England and Wales; accounting for 4.5 per cent of all property auction sales nationally. Established auction houses buy a franchise to operate under the marketing banner of Auction House UK Ltd, and between all the franchisees, it has a massive schedule of 120 auctions in 2011 comprising around 2,000 lots, with clients including local authorities, housing associations, plc landlords, government departments and financial institutions. Auction House has seen a dramatic year


on year rise of more than two thirds in both the number of lots sold and the amount of money raised in 2011. From January to June, 835 properties


were sold compared with 488 in the same period last year – a rise of 71 per cent,


Roger Lake


Auction House has seen a dramatic rise in lots and sales this year.’


raising £77m – up 68 per cent from last year, at £46m. The company’s average success rate for this year is just over 80 per cent. The brand is aiming to grow its network


of regional auctioneers from 25 to 50 over the next few years. Director Roger Lake, said, “These are spectacular results – especially for a brand which has been in existence for less than five years. They are a clear indicator that our network of regional auction rooms is becoming increasingly successful, and our policy


Fast funding for property professionals


of selling property locally is now really taking hold.” In Lancashire, Auction House recently


smashed all its previous records with sales totalling £3.67m – over £1m more than its best ever result. In Leeds, Auction House has seen its sales up 40 per cent on the same period last year. And in London, Auction House held its debut sale, achieving the capital’s as yet unmatched success rate for this year of 90 per cent. Roger added, “Whether measured by


individual performance or by the expansion of our coverage, the effectiveness of the Auction House concept is becoming increasingly evident. With an additional five salerooms across the country since last July, we are now well on course to exceed our target of selling 1,500 lots this calendar year.”


www.networkauctions.co.uk www.auctionhouse.uk.net


Do you have any views on auctions? www.propertydrum.com/articles/aucsept


establishedlender Substantial


Directfroman Funding Available


Auction Finance Specialists


Deal Directly with the Decision Maker


Rapid Completion Period


Call us now:


s


working in association with


Essent al INFORMATION GROUP


0844 873 4212 www.auctionfi nance.co.uk


PROPERTYdrum SEPTEMBER 2011 49


fast funding for property professionals


Stephen Lerman Regional Development Manager


mobile: 07850 311 626 email: stephen.lerman@auctionfi nance.co.uk


Scott Hendry


mobile: 07778 150 845 email: scott.hendry@auctionfi nance.co.uk


National Development Manager : scott.hendry@auctionfi nance.co.uk


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69