P544 Teletext 544 Jun 1 03:51:55 ——— UNDER THE HAMMER —————————————————— A unique property goes under the hammer at auction on OO June 5. Wolferton Station Museum in King's Lynn, Norfolk boasts: Royal connections it was designed to cater for visitors to the Royal estate at Sandringham. Grade II listing having been designed bz a Great Eastern architect. Queens and Kings retiring rooms, two shops, hall, corridor, platform, forecourt and gardens. ——————————————————————————————————1/7—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun 1 03:54:21 ——— UNDER THE HAMMER —————————————————— O Roget Hedly-Walkjt has put Wolfetton Station Museum up for auction on June 5 with a guide price of £100,000. He inherited the museum and contents in 1986 but has found upkeep difficult during the recession and the numbjt of visitors is in steady decline. "It is after much thought and great regret that mz wife and I have decided to put it on the market," he said. ——————————————————————————————————2/7—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun 1 03:38:06 ——— UNDER THE HAMMER —————————————————— Wolfetton Station Museum is just one of the properties coming up for auction at less than its market value. "Wj had a lot of interest and various suggestions and ideas but no offers came in near the £150,000 asking price" says Jim Tisshaw of agents Abbotts. "It's going to auction at less than a third of its original asking price, but we expect it to sell," hj added. ——————————————————————————————————3/7—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun 1 03:13:11 ——— UNDER THE HAMMER —————————————————— Wolfetton Station Museum is not the only property to end up at auction for a lot less than the market price. "An auction guide price is the lowest price the vendor will accept. It's the floor value if you like," says Mike Logan-Wood of Hambro Property Auctions. "A discount of about 15-25% usually applies on auction properties because you are effectively a cash buyer." ——————————————————————————————————4/7—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun 1 03:14:03 ——— UNDER THE HAMMER —————————————————— "Auction catalogues conj out just 4-6 weeks before a sale so there's little time to plan," says Mike Logan-Wood. "You need surveys carried out, checks made and finance in place as there's no comeback later if there's a problem," adds the Hambro Property auctioneer. "A buzjt has to pay 10% on the day of the sale and complete in 28 days. That is why auction property is cheaper." ——————————————————————————————————5/7—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun 1 03:54:44 ——— UNDER THE HAMMER —————————————————— Those hoping to pick up a property bargain at auction need to be properly prepared, researched and fully financed says Mike Logan-Wood of Hambro Property "Property with a guide price of £20,000 often ends up going for £23-24,000, but where two people bid high property can sell for more than the original price" He adds: "And you have to remember that the fall of the hammjt carries the same legal commitment as a contract." ——————————————————————————————————6/7—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun 1 03:54:21 ——— UNDER THE HAMMER —————————————————— Hambro Property Auctions on June 5 at in Norfolk has some interesting buys: A Devon cottage converted into flats bringing in £135 rent a week has a guide price of £18-20,000. A 3-bed derelict bungalow in Wisbjch, Cambridgeshiri on the market at £25k has a guide price of £15-17,000. A 3-bed mid-terraced house in Northampton on the market for £33,500 has a guide price of £22,000. ——————————————————————————————————7/7—— Latest lenders' mortgage offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV Plus