Under the hammer: A period cottage in Hampstead Village
PUBLISHED: 18:52 21 October 2014 | UPDATED: 10:41 22 October 2014
A two-bedroom period cottage in the heart of Hampstead is up for auction at Savills' sale next Tuesday, 28th October.
The house on Perrins Court is a charming three storey terraced house within seconds of Hampstead Village’s main attractions.
Valued at £800,000+, the recently refurbished property would be an excellent purchase for someone hoping to buy quickly.
Chris Coleman-Smith, head of the auctions team at Savills said: “This is a nice property in the middle of Hampstead in reasonable condition.
It’s a good buy at that level and the price should go up from there but you should never presume with auctions.”
For Coleman-Smith, the biggest advantage of selling or buying a property at auction is the timescale: sellers can make a quick sale, while buyers get their property on the day.
While he admits auctions can be nerve-wracking for first timers, his top tip is to be aggressive with the price.
“If it’s owner occupation, buyers can be a bit emotional about it but you just have to think ‘If it doesn’t work out then on to the next one.’ That’s the best attitude to have.”
Since next Tuesday’s auction includes properties from all over the country, if you get carried away, you never know what you could go home with.
Further details are available in the online catalogue (Lot 86)