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Welcome to The FREE, Government Auctions UK Newsletter Back to archive   In this issue: Auctions This Week A TV show has named Hull as the worst place to live in the UK. Is Buy to Let Back in Fashion? £240,000 for a garage Surprise surge for house prices EC threat to UK mortgage market Positive Club Hi, PLEASE NOTE THAT THIS INFORMATION APPEARS IN THE NEWS SECTION AT THE MEMBERS' AREA AT GOVERNMENT AUCTIONS AS SOON AS WE RECEIVE IT. FULL DETAILS ABOUT EACH AUCTIONEEER CAN BE FOUND AT THE SITE. The GAUK Newsletter is our regular FREE auction news bulletin designed to keep you updated with news, latest sales, auction results and general pieces of interesting auction information that have occurred throughout the week. It is also published as an RSS feed, the very latest in technology which you need to take advantage of, allowing you to recieve news from all your favourite news sourches when you want it. This is a supplement to information contained in the main GAUK Database and is an additional service. Please Read On...

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Public Sales

PLEASE NOTE: There are hundreds more auctions across the UK at Government Auctions UK

Also, more information and full contact details for all the following sales are available in the database - just type in the name of the auctioneer of your choice into the search facility. If you are a member of GAUK please note that the following information is available in the news section as soon as we get it

Auction International Manchester
20 Sep 2005 11:00
The Oaks
Oakwood Drive
Walkden/Worsley
Manchester
M28 3HN

Reason for Sale: RE: The Oaks (due to redevelopment)
Viewing: Day prior from 10am-4pm & morning of sale from 9am

Content: THE ENTIRE CONTENTS OF THE ABOVE MAGNIFICENT PUB, RESTAURANT & BANQUETING ROOM

Excellent Quality Fixtures & Fittings, Restaurant & Function Kitchens, Walk-In Cold Room, Large Qty Of Steelite Monte Carlo Tableware & Cutlery, 2 Fully Fitted Oak Bars With Associated Bar Furniture,12 Osbourne Bottle Coolers, Scotman Mod Ac 225 Ice Maker, Hobart Glass Washer & Glass Ware, Interlink Banqueting Tables, 145 Upholstered Stacking Chairs, Superior Carpets, Framed Mirrors, Pictures & Prints, External & Internal Lighting, Heavy Oak Doors, Stone Slabs & 442 Sq.Yds Of Grass Turf And Numerous Other Items.

Howkins & Harrison, 7-11 Albert Street, Rugby. Tel: 01788 560321. Saturday 17th September at 10.30am; farm implements, machinery and motor vehicles. Taking place at Moxons Farm, Hinkley.

FPD Savills, 4 St. Peter's Gate, Nottingham. Tel: 0115 934 8100. Tuesday 20th September; sewing machines, fabric cut and trim equipment, fabric stock, office furniture etc. Taking place at Achurch Road, Boston Road, Ind. Est, Horncastle, Lincs.

SHM Stevens Champion & Slater, The Salerooms, 61 Water Street, Birmingham. Tel: 0121 200 2206. Wednesday 21st September at 11am; private and commercial vehicles. Taking place at Zaks Coaches, Shady Lane, Birmingham.

Apex Auctions Ltd, P O Box 329, Brighton, East Sussex BN1 1TQ Tel: 01273 224466. Web: www.apexauctions.com. Thursday 22nd at 11am;CNC machinery and conventional machine tools. Call for details.

Sweeney Kincaid, 17-19 Colquhoun Avenue, Hillington, Glasgow. Tel: 0141 570 4000. Wednesday 28th and Thursday 29th September at 10am. On DAY ONE: remaining manufacturing maintenance/workshop, material handling and storage equipment, IT equipment, vehicles and office equipment. And on DAY TWO: approx. 50,000 sq. meters of carpet stock including commercial and domestic. Taking place at Stoddard International, Riverside Mill, Barbadoes Road, Kilmarnock.

Bury & Hilton
Type of Sale: Auction
Date/Location: 20 Sep 2005 10:30
Lakeside Works
Rocester
Nr Uttoxeter
Staffordshire
Reason for Sale:
Viewing: Monday 19th September 2005 from 9am to 5pm.
Catalogue Info: Available from the auctioneers

Content: JCB MACHINES, FASTRACS, MOTOR VEHICLES

30 JCB MACHINES (Inc. 10 JCB Ex Demo Machines)

EX DEMO 2002 JCB 1110.HF Robot, JCB JS330 Crawler Excavator
2002 JCB JS145W Wheeled Excavator
2003 JCB JS175W Wheeled Excavator, 2002 JCB 416HT Loading Shovel
2002 JCB 426HT Loading Shovel
2003 JCB 456HT Loading Shovel, 2003 JCB 456ZX Loading Shovel
2 off 2003 JCB 456 Waste Master Loading Shovels

MINI & MIDI EXCAVATORS 2003 JCB 8080, 2 OFF 2004 JCB 801.4

EXCAVATORS JCB 4CX Military Machine,
2 off 2004 JCB 3CX Sitemasters LOADALLS 2000 JCB 530-70, 2003 JCB 535-60
2003 JCB 537-135, 2003 JCB 535-135, 2003 JCB 537H, 2004 537-135, 2004 JCB 532-120
2004 JCB 535-140, 2005 JCB 530-70

FASTRACS
2003 JCB 3220, 2004 JCB 3170, 2 off JCB 2140

MOTOR VEHICLES
2001 Mercedes Elegance Estate, 2000 Mercedes CLK55 AMG, 1988 Mercedes Camper, 1999 Mercedes Avantgarde
2000 Mercedes S500, 2001 Mercedes ML55 AMG MPV, 2003 Mercedes "S" Class, 2 x Vauxhall Astra Vans.

This Week:

Team Auctions, 60 Bentinck Road, Newcastle Upon Tyne. Tel: 0191 226 0670. Sales of commercial catering equipment at 11am.Wednesday 14th September at Whitby Pavilion, West Cliff, Whitby. Thursday 15th September at Park Hotel, Grand Parade, Tynemouth.

Phillip Davis, The Auction Centre, Hammond Avenue, Whitehill Ind. Est., Stockport. Tel: 0161 429 0300. Wednesday 14th September from 10am to 4pm; tender sale of engineering and woodworking equipment. Taking place at Unit 3, Bridge Street, Church Accrington, Lancashire.

Simon Charles Auctioneers, Unit 5, Pear Mill, Pear Industrial Estate, Stockport Road West, Lower Bredbury, Stockport, Cheshire SK6 2BP Tel: 0161 406 0111.Thursday 15th September at 10am;leather and fabric suites, sofas, LA-Z-Boy recliners etc, dining and bedroom furniture, general home furnishings, garden furniture etc. Taking place at Unit 5, Pear Industrial Estate.

Butters John Bee, Warner Street, Hanley, Stoke-on-Trent. Tel: 01782 267752. Thursday 15th September at 11am; woodworking machinery and equipment. Taking place at Queensway Woodworking, Crown Street, Old Mill, Stoke on Trent. Thursday 15th September at 2pm; 200 pallets of toys, gym equipment, domestic equipment, flat pack furniture etc. Taking place at Davenport Street, Longport, Burslem, Stoke on Trent.

---------------------------------------------------------------

Japanese Car Imports

New Address:
30 Berth Tilbury Freeport, Tilbury, Essex RM18 7HB!
Please visit the website on www.japaneseimportauctions.com
New Address as above:
Turn left when entering the port and follow the road round - we are on the right after 1.4 miles.
All other contact details remain the same.

The Port Secutiry has been upgraded; please ensure you bring your Photo ID with you to ensure smooth entry to the Port. NO under 16's allowed on the Port, Port regulations.

WE ADVISE YOU TO CONFIRM ABOVE DETAILS WITH AUCTIONEER BEFORE TRAVELLING

News

A TV show has named Hull as the worst place to live in the UK.

The Channel 4 show based its rankings on statistics in five categories - crime, education, employment, environment and lifestyle - from all 434 local authorities in the UK.

Hull earned the title of worst place to live partly thanks to its high crime rate. Researchers said there were approximately 69 crimes a day and nearly three each hour in the northern city.

With 101 chip shops, Hull is said to be the fattest town in Britain.

In terms of education, it also ranked worst of all the local authorities, with only 35.1 per cent of its 16-year-olds getting five or more A*-C GCSE's.

Nottingham, where the Queens Medical Centre deals with more gunshot wounds than any other UK city, was deemed second-worst place to live in the UK. The Midlands city is also the burglary capital of the UK.

Strabane, in the north west of Northern Ireland, came third, partly because the percentage of economically active people is 68.2 per cent, compared to the UK average of 74.1 per cent, and because the number of claimants on job-seekers allowance is more than double that of the UK average.

Hackney, home to the so-called Murder Mile, a stretch of road named after a series of fatal shootings, is fourth in the worst-of list.

Despite the crime, the borough's accommodation - £180k only gets a two-to-three bed ex-local authority house - is still pricey.

Just under a third of residents of working age have no qualifications - more than twice the proportion in inner London as a whole and the estimated yearly cost of recorded crime is nearly £171 million.

Middlesbrough, in the North East, is fifth, with the Channel 4 programme, presented by property experts Kirstie Allsopp and Phil Spencer, citing late night violence on its streets and poor education levels.

Worst Places to Live in the UK:

1 - Hull

2 - Nottingham

3 - Strabane

4 - Hackney

5 - Middlesbrough

6 - Mansfield

7 - Blaenau Gwent

8 - Merthyr Tydfil

9 - Salford

10 - Easington

Is Buy to Let Back in Fashion?

LENDERS are piling into the buy-to-let market ahead of renewed interest in the sector from investors.

According to the Royal Institution of Chartered Surveyors (Rics), annual rent rises are now outstripping house price inflation for the first time in nine years and new buy-to-let investors are looking to build protfolios.

The buy-to-let sector has suffered more than most following the downturn in the housing market, with inexperienced investors pulling out. But according to Rics, demand and confidence is returning.

Alliance & Leicester is planning to re-enter the market for the first time in two years next year, while Mortgage Trust, John Charcol, Leeds & Holbeck, West Bromwich Building Society and Chelsea Building Society have all brought new products to the market in recent weeks.

In the three months to the end of July, Rics said more investors were entering the market and fewer existing landlords were selling up when tenancies came to an end.

Spokesman Jeremy Leaf said: 'The return of buy-to-let investors to the market is a result of expectations that interest rates have peaked. They may also have been encouraged by the fact that the housing market, though subdued, has not collapsed, despite widespread fears it would do so.'

Figures from the Centre for Economic and Business Research predict the private rented market will grow by 40% to 3.5m homes over the next eight years, fuelled by rising immigration, changes to pension rules and lifestyle changes that will make renting more attractive.

Financial data specialists Moneyfacts says that it has seen renewed interest in the buy-to-let sector. Spokesman Alan Harper said: 'There was a steady growth since the late Nineties but that slowed down in recent months. We are starting to see that activity pick up again with new products being launched.'

However, unlike the gold rush of five years ago when thousands of inexperienced investors entered the market without understanding the risk they were taking on board, lenders claim to be taking a more conservative approach.

A&L said it would concentrate on 'good quality candidates', while one of the UK's largest buy-to-let lenders, Paragon Mortgages, says it is experienced investors who will fuel further growth. Paragon says the number of properties in the average landlord's portfolio is expected to grow from 7.5 to 8.3 in May 2006.

Managing director John Heron said: 'There are around 700,000 landlords in the UK but half of those only own one or two properties, with the rest holding portfolios of hundreds of properties. It will be the latter that will fuel future growth.'

Heron says 'get rich quick' investors will struggle, particularly as house prices are expected to remain stagnant for the next two years. In addition, although rents have risen, the margins on buy-to-let property are still extremely tight so any rental profit could be wiped out during periods when the property is left empty.

He added: 'Good landlords don't speculate on house price rises in the short-term, rather they have coherent plans for long-term investment.'

£240,000 for a garage
THERE is ample room for an Aston Martin - as long as your other car is not much larger than a Mini. But regardless of size, this ordinary garage has just netted one couple £240,000.

The sale of the freehold double garage in Lansdowne Road, right in the heart of Notting Hill, has smashed all records - making it the highest price paid for a London lock-up.

A bidding war broke out after the building, which has room for two cars and 'some' storage, was put on the market by a couple who live overseas.

Agent Savills originally gave the guide price as £140,000 but competition from nearby residents, determined to take advantage of the rare sale in one of the most expensive areas of London, pushed the price up by another £100,000.

The new owners can be content in the knowledge that their cars will nestle close to those belonging to some of the area's more famous residents including Stella McCartney, Harry Enfield and Mariella Frostrup.

The vendors, who used to live in Holland Park but sold up and moved abroad three years ago, kept the garage as storage space and to house a classic Aston Martin.

The three-year wait to sell was certainly worth their while; back in 2002, the agents would have suggested an asking price below £100,000. Kit Allen, of Savills, said: 'We were amazed by the level of interest in the garage. While very well located, it is nonetheless an ordinary and functional space with no special potential.

'I think the record price was achieved not only because many local residents own smart and valuable cars that require secure housing but also because of the severe parking restrictions in this area and the insensitive and inflexible attitude of some local parking attendants. The buyer has owned a house in Lansdowne Road for a few years and has wanted a garage for some time to add value to his property and for secure parking.'

The most recent sale of a similar garage, in Chelsea, was for £120,000.

Surprise surge for house prices

HOUSE prices surprised analysts with a 1.6% rise during August, according to one of the most respected property market reports, released today.

Figures from Halifax suggested the market was boosted by lower interest rates. The Bank of England cut interest rates by a quarter point to 4.5% at the beginning of August.

The UK's biggest mortgage lender said the increase was the biggest monthly gain since September last year. However, analysts cast doubt on whether the property market was in a sustained bounce back from its recent lethargy.

Halifax said a short-term blip in prices is not uncommon soon after a rate cut but that on the two occassions this had happened since 1997, the recovery had petered out soon after.

Howard Archer, chief UK economist at Global Insight, said the month-on-month jump is 'a real surprise'. But like Halifax, he warned not to read too much into one monthly fluctuation. 'We do not believe that it is a sign that house prices are about to start moving back up strongly.

'The Nationwide, Hometrack and Rightmove have all revealed relatively more subdued house price data for August than the Halifax. It is clearly still very much a buyers' market.'

Halifax's figures showed house price growth for the year remained sluggish at 2.1% across the UK since January, compared with rises of 12.5% during the first eight months of last year. The rate of annual increase in August was also low, at only 2.5% - well down on the 21.3% it was running at in August 2004.

Halifax said the economic climate remained good, with unemployment low and wages growing at nearly twice the rate of house price inflation. However, the house price-to-earnings ratio remains high, at an average of 5.46 for the UK.

Martin Ellis, Halifax chief economist, said: 'The easing in economic growth over the past year, together with a ratio of house price to average earnings that remains historically high, is expected to curb housing demand, and, therefore, prevent a renewed surge in house prices.'

The Bank of England's Monetary Policy Committee meets tomorrow for its monthly interest rate decision, with most commentators firmly expecting rates to be kept on hold.

College property is a winner

HOUSE prices in university towns have soared by 88% during the past five years, as new research reveals the higher education property hotspots.

Halifax, Britain's biggest mortgage lender, said parents who invested in property for their child to live in while they were at university would have seen a good return on their money.

It said the average cost of a home in the towns and cities of the UK's 20 best performing universities had slightly outperformed the national average, with prices across the country as a whole rising by 83% since 2000.

Manchester saw the biggest jump in house prices during the period, with the cost of property in the city soaring by 114% to an average £136,603 for a home. Next came Bath which has seen a 113% rise to £253,208.

In York, the cost of property increased by 109%, and prices have also at least doubled in Birmingham, Sheffield, Nottingham and Durham.

Overall, prices in 14 of the top 20 university towns outperformed the national average, with only Oxford, Cambridge, London, Warwick, Guildford and Reading under-performing.

London reported the lowest growth at just 55%, although at an average of £304,703 it still remains the most expensive place to buy a property, while price growth was also low in Warwick at 56%.

Halifax also looked at price growth in the towns with the largest student populations outside of the top 20 universities.

It found that average house prices in these places had soared by 100%, with Plymouth leading the way with growth of 131%, followed by Newcastle upon Tyne at 125%.

The group said overall northern cities had tended to outperform <javascript:self.name='main';PopUp('you_popup','/pages/jargon/index.html?in_jargon_term=outperform','350','150')> southern ones. Colin Kemp, managing director of Halifax Estate Agents, said: 'Rising house prices across the UK as a whole have helped parents buying property for their children in university towns and cities to enjoy excellent returns.

'However, the decision to buy a property for a son or daughter at university should ultimately depend upon the parents' personal circumstances and property prices around the university in question.'

EC threat to UK mortgage market
MORTGAGES could become more expensive and bogged down in administration if European Commission plans to encourage cross-border lending are approved.

The EC wants a more integrated mortgage market between members and believes allowing consumers to engage with foreign lenders is key to achieving its goals.

But UK lenders could see their administration costs soar if the plans go ahead as they would be forced to converge their IT systems, legal practices, lending processes and complaints procedures with their European neighbours.

According to the Council of Mortgage lenders, these costs are likely to be passed on to consumers via increased interest rates or higher application fees.

Currently only 1% of European home owners have a mortgage with a different member state and that is usually to finance a second home.

The UK mortgage market is the most sophisticated in Europe and accounts for a quarter of total mortgage lender.

CML director general Michael Coogan said: 'It is ironic that the UK market is held up as a model for the rest of Europe, but with a potential set of proposals that would then undermine it.

'We are glad that the Commission is listening to our views and we urge it to take practical steps to remove operational barriers rather than pursue theoretical attempts to stimulate cross-border shopping.'

The CML believes that competition would be stimulated by allowing UK lenders to operate in foreign markets.

The EC will analyse responses to its Green Paper before launching a White Paper in December which will contain more concrete plans for the market.

The Positive Club

On your own side.

It's impossible to make much progress if you're busy clinging to the very things that hold you back. At some point you must decide whether you want to truly move forward or not.
When you constantly have to work against your own negative habits and thought patterns, success will continue to elude you. Real achievement begins the moment you make the firm commitment to put yourself on your own side.

You think thousands of thoughts and take hundreds of actions on a daily basis. Within those thoughts and actions there is enormous opportunity to make real, substantial progress.

How much of that abundance of opportunity are you utilizing to move your life forward? And how much is being wasted, or even worse, pushing you backwards?

When you replace a negative, destructive habit with a creative, productive one, you get a double gain. You are suddenly free from something that was holding you back, and on top of that there is a new force working to move you forward.

Use your thoughts, use your words, and use the actions you take each day to put yourself squarely on your own side. And you'll be well on the way toward whatever you choose to achieve.

-- Ralph Marston

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Government Auctions UK Team