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News release: Monday, March 23, 2015

Industrial complex to go under auctioneer’s hammer

An industrial complex split into nine units and with a self contained yard has gone on the market with a guide price of £500,000.

The detached property, at Avondale Business Park, Cwmbran offers a total of approximately 47,950 sq ft (4,455 sq m) of internal space together with a self contained yard of 25,280 sq ft (2,349 sq m), is being sold through Paul Fosh Auctions.

Keri Harding-Jones, of Paul Fosh Auctions, said: “The property, which is ideally located on this established business park north of Cwmbran town centre, has been subdivided to provide one large unit with access for loading to the rear via three roller shutters. The lower level is split into eight commercial warehouse/industrial units with shared WC facilities.

“The property is ideal for either the owner occupier who could benefit from the income or for an investor. Two of the lower units are let and are producing income.  “Once fully let the property has the potential to produce a total estimated gross rent of circa £120,000 pa. The guide price represents a low capital value of circa £10 per sq ft based on the overall square footage.”

News release: Wednesday, March 18, 2015

King of the castle?

 

It may be on Duke Street in Cardiff but this spacious maisonette has views fit for a king. 

Situated in the heart of the bustling city centre and with views directly across Cardiff Castle and the Keep, 9 Duke Street could be ideal for those wanting to be right in the heart of Cardiff. 

The property which offers generous accommodation over two floors is being sold through Newport-based Paul Fosh Auctions with a guide price of £125,000 plus. 

Sean Roper, of Paul Fosh Auctions said: “The apartment offers excellent potential either as a spacious flat, a live in creative workspace or office subject to planning. 

“The apartment, which has a shared communal access with the shop below has a good size lounge, kitchen/dining room, shower/wc on the first level and two bedrooms on the second level.”

News release: Wednesday, March 18, 2015

Paradise on Earth in Gwent valleys comes up for sale through Paul Fosh Auctions

 

A detached, distinctive Art Deco style house set in its own grounds in the Gwent valleys is looking for a new owner.  Paradise on Earth, Shangri La, Bryn Road, Pontllanfraith, near Blackwood, is a Grade II listed property packed with period features.

The idiosyncratic, eye-catching double fronted, three bed room house is for sale through Paul Fosh Auctions with a guide price of £170,000 plus.

Keri Harding-Jones, of Paul Fosh Auctions, said: “It’s a one off property with unique, contemporary architectural features and details.  The property requires complete refurbishment but does retain a number of original features including a stunning stained glass picture window and balcony.

“The property sits on an elevated corner plot of some 0.68 acres. The entrance hall has stripped wood flooring and staircase with ramped balusters, lounge, dining room, kitchen with pantry, utility room and a separately accessed sun room.”

The master bedroom is on the first floor with two further bedrooms, a bathroom and separate wc.  Outline planning for the erection of a bungalow in the garden of the property was previously granted but this permission has now lapsed.

News release: Wednesday, March 18, 2015

Last orders called on historic relic of Newport’s maritime past

An historic Newport dock workers’ pub looks to have served up its last pint after being put up for sale at auction.

The Ship and Pilot, at Church Street, Pill, which dates back to the early 1900’s, is being sold through Paul Fosh Auctions.  The sizeable property has a guide price of £60,000.

The substantial corner building, which has been quenching sailor, steelmen and stevedores thirsts for decades now looks like ending its days in dry dock.

The property, which retains all its pub features and paraphernalia on the ground floor has three bedrooms, a lounge, kitchen and bathroom on the first floor and a yard and cellar outside.

Sean Roper, of Paul Fosh Auctions, said: “The traditional custom for the place has dried up over the years with a change in the make up of the potential clientele in the area forcing the pub to lose trade and close.  It is a versatile building and would be ideal for a number of other commercial uses including perhaps as a café, shop, office and storage or converted to flats or residential accommodation, all of course subject to planning.

“The former pub is ideally located on a corner plot near to the Southern Distributor Road and close to the M4 motorway.”

Mr Roper said news of the impending sale had already generated keen interest from a range of people who had suggested a number of ideas for its reuse.

News release: Friday, March 13, 2015

Going, going, gone … canny investors are picking up Newport prime property at auction

 

Sean Roper, of Paul Fosh Auctions, Newport says Newport is a sleeping giant in terms of property which after many years appears to be waking from its slumbers.  It’s fair to say that investors really just didn’t want to know about Newport a few years ago but all that has changed now and continues to improve.

It can be put down to a number of factors, some to do with the sluggish economy as a whole and the recession but in the main down to the massive boost in confidence brought about firstly by the Friars Walk scheme and secondly to the increased foot fall in the city because of the likes of Admiral choosing to establish themselves right in the heart of the city. 

Newport city centre is being transformed; people recognise this fact and are now keen to buy properties of all types confident in the knowledge that they will in all probability increase in value and also that they will be able to find tenants for their property. 

Investors  witness the steel structures emerging out from the ground at Friars Walk , the retail units and restaurants being created and recognise the difference that this is already making and will continue to make in the future. There is a tangible resurgence of interest in the city which is reflected in the prices we achieve at auction for properties in Newport. 

Having said that, the prices in Newport are well below those for similar properties in Cardiff and Bristol so there are bargains to be had but the market is becoming increasingly warmer as more and more people cotton on to the fact that Newport is a city in transition.  They see that there  is a lot going on here, that the transport links to and from the city are excellent now and will improve considerably in the near future with electrification of the main rail line and with the possibility of the creation of the new M4 corridor.

Coincidentally, the next Paul Fosh Auctions sale is packed with properties in Newport, across a whole range from a former pub to flats and pretty much everything else in between.

Buying at auction is quick and easy and as long as you take professional advice, do your homework and have the funds in place, it is an ideal and efficient way to get into the property market especially in an up and coming city such as Newport.

Press Release - February 1st 2012
Paul Fosh opens 2012 with auction catalogue packed full of interest

THERE is a broad selection of substantial properties of interest to the investor or developer included in the first Paul Fosh Auction of the year.

Listed in the catalogue for this month’s sale fore the Newport-based auction house are two former schools, former council offices, a petrol filling station and a large seaside property overlooking the Bristol Channel.

Managing Director Paul Fosh says the 63 property auction will help the business get off to a good start in 2012 after a ‘satisfactory’ 2011 ended on a high.

Paul said: “Last year was satisfactory but not a vintage year, we sold an average of 75% of the lots offered at each of its auctions in the year with some, such as the one in August, topping 86%. It was a tough year for us as with everyone else in 2011 so we’re now looking for better things in 2012."

“We have had to work extremely hard this year to get the properties into our catalogue and working in the current economic climate the price has to be right for it to sell and overall we have managed to get quality stock into our catalogues and it has sold.”

Paul said he and his team strive to include a mix of properties at each of his auctions to attract and satisfy a range and variety of buyers. This is exemplified in the first auction of the season on Thursday, February 16, where an assortment of residential, investment and commercial properties are for sale.

A commercial property in the auction is at 34 Godfrey Road in the heart of the city of Newport opposite the city’s civic centre and law courts.  The large semi detached building has accommodation over four floors and is currently used as offices. The property has a guide price of £175,000.

A former school with development potential at Quakers Yard, Treharris, just a few miles from the arterial A470 road is in the sale, while the derelict Bethania Chapel at Aberdare, which previously benefited from planning permission to convert to eight flats, has a guide price of £25,000.

A petrol filling station at Dowlais, close to the important Heads of the Valleys road, has a guide price of £25,000 for its commercial ground rent and the four bed Seabreezes, at Porthkerry, near Barry, with a guide price of £200,000 has sweeping sea views across famous Knap Beach and the Bristol Channel.  A one bed mid terrace cottage, for investment or owner occupation or as a holiday home is at Buckland Row, Mill Street, in Brecon in the heart of the internationally renowned Brecon Beacons National Park, has a guide price of £60,000

There is also an imposing, former 1930’s built council offices in Merthyr Tydfil, comprising of eight large office suites, a basement and a first floor conference room with four other offices, in the auction.

The Paul Fosh auction will be held at the Park Inn Hotel, Circle Way East, Llanedyrn, Cardiff, on Thursday, February 16, starting at 5pm.

www.paulfoshauctions.com

Press Release - January 24th 2012
Paul Fosh in seventh heaven after topping auction industry charts

Paul Fosh Auctions is once more number one in Wales after topping the auction charts for the seventh year in a row.

The Newport auction house maintained its supremacy after recording sales of £16,752,300 in 2011 from 304 lots sold out of the total of 406 offered at its eight auctions held throughout the year.

The annual auction sales chart is compiled by UK industry experts the Essential Information Group (EIG).

Managing Director Paul Fosh said: “After a tough year for the team, when everyone involved has been called on to work extremely hard, it’s indeed rewarding to be able to report that Paul Fosh Auctions has once again retained its spot as the top auction house in Wales.”

John Francis came second in the EIG list with total sales of £15,726,500 from 155 lots sold out of 177 offered at its 10 auctions, Seel & Co were third with £13,298,700 from 198 lots sold out of 235 offered at seven auctions and Dawsons fourth with £7,478,851 with 78 lots sold from 85 offered at its six auctions.

The chart shows that the total number worth of sales in Wales last year was £93,515,996 coming from 1,217 sales out of 1,633 lots on offer.

Paul Fosh Auctions sold an average of 74.9% of the lots offered at each of its auctions last year with some sales, such as the one in August, topping 86%.

Paul admits he was happy to see the back of 2011 which despite being ‘satisfactory’ was a struggle at times.

Paul said: “It was a tough year for us as I suppose it was for everyone else involved in auctions and selling property in 2011 and we’re now looking forward to better things in 2012."

“We had to work extremely hard to initially get the quality stock and properties into our catalogue and then just as hard to get them to auction and sold. The current economic climate makes it more crucial than ever that property is priced correctly for it to sell.”

Paul said he and his team had strived to include a mix of properties at each of the auctions staged in 2011 year to interest and attract variety of buyers.

“The last sale of 2011 saw some good results gained for the properties sold and at 75% of the catalogue sold was among the better of our auctions in the year.

“Interest for auction property among investors and those new to the market appears to be building which must, in large part, be due to the returns from banks and building society investments being less than appealing. We ended last year on a bit of a sales high and hopefully this will augur well going into our first sale of 2012.”

The next Paul Fosh auction which will be held at the Park Inn Hotel, Circle Way East, Llanedyrn, Cardiff, on Thursday, February 16, starting at 5pm.

Press Release - December 20th 2011
Paul Fosh Auctions enters 2012 on a high after successful end of year

THERE is a new Lord of the Manor as the result of a recent Paul Fosh Auctions sale.

 The Ancient historical feudal title of the Lordship of The Manor of Beoley, Redditch, Worcestershire was sold for £3,500.

Paul Fosh, managing director of Paul Fosh Auctions sold the title of behalf of its current owner in a sale which saw 33 lots sold on the night, 74% of the total 45 on offer, to the value of £1,776,250.

Among the properties which sold was a substantial property at 83 Victoria Avenue, Newport which, with a guide price of £98,000, realised £110,000 and detached Harringay Villa, Abergavenny, which with a guide price of £138,000 was eventually knocked down for £145,000.

The Zion Christian Fellowship Pisgah Road, Pontypool was sold for £60,000, guide price £54,000 but 52 York Place, Newport did not sell and is still available at £120,000 as is 34 Godfrey Road, Newport, which is available at its guide price of £175,000.

Paul Fosh, who was able to confirm the sale of the former Newport nightclub TJ’s just a couple of hours before it was due to be sold after being relisted for the December auction, said: “The last sale of 2011 saw some good results gained for the properties sold and at 75% of the catalogue was among the better of our auctions in the year.

“Interest for auction property among investors and those new to the market appears to be building, with returns for banks and building society investments less than appealing and as we ended the year on a bit of a high this all augurs well going in 2012.”

www.paulfoshauctions.com

Press Release - December 7th 2011
Newport's legendary live rock venue TJ's linked to Kurt Cobain up for auction

ICONIC rock venue TJ’s will go under the auctioneer’s hammer tomorrow (Thursday December 8).

TJ’s is reputedly the spot where tragic Nirvana rocker Kurt Cobain proposed marriage to songster Courtney Love after her performance there with her band Hole.

Newport’s legendary TJ’s rock venue, at 14, 16 and 18, Clarence Place, Newport, which closed last year after the death of its long term owner and promoter John Sicolo, is again up for sale by Paul Fosh Auctions - the guide price is £175,000.

A previous sale at auction of the former rock venue earlier in the year fell through.

Paul Fosh, Managing Director of the eponymous Newport based auction house, said: “The property created a great deal of interest from right across the country and internationally when it was for sale last time through us, however, sadly  that deal fell through, as happens sometimes, and TJ’s is once more for sale – it’s a kind of encore for the rock venue you could say.

“The property offers tremendous potential. In addition to the ground floor former night club area there is living accommodation on the first and second floors with potential to convert the whole property into apartments. There is even a roof terrace to the rear.”

When TJ’s was for sale  in September bidding started at £160,000 and the property was finally knocked down after keen interest from a number of potential buyers in the room for £242,000  to a Cardiff bidder.

Mr Fosh said: “The sale of TJ’s generated a lot of genuine interest the last time it was listed with a few bidding against each other at the end. I’m hopeful those that were disappointed last time will attend this time to get a second chance to buy this truly iconic and historic building.”

Last time the property was bought by a Cardiff man and his father who, immediately after the September sale, said they planned to convert upstairs to residential and create a ‘TJ’s themed restaurant’ below in the former club.

Paul Fosh said: “There’s little doubt TJ’s was an iconic and well known rock venue attracting some major bands especially in the 90’s.  It would be great, romantic even, for someone to buy the building and for it to continue its use as a rock venue but that sadly seems unlikely to be the case.

“The building needs plenty of work and, realistically, is much more likely to be acquired for use as mixed use residential and retail, subject to planning. I have had a great deal of interest in the property especially from local people looking to redevelop the property in that way.”

TJ’s is listed as lot 22 in the Paul Fosh Auction which will be held at the Park Inn Hotel, Circle Way East, Llanedyrn, Cardiff on Thursday, December 8, starting at 5pm.

www.paulfoshauctions.com

Press Release - November 30th 2011
A Christmas gift for the person who has everything?

The ideal Christmas gift for that very special person in your life is going under the hammer in South Wales.

The Ancient historical feudal title of the Lordship of The Manor of Beoley, Redditch, Worcestershire, is up for sale and the guide price is £4,500.

Paul Fosh, managing director of Paul Fosh Auctions, who is selling the title of behalf of its current owner, said it would make an ideal and very unusual Christmas gift.

Paul said: “Buying this unique feudal title will allow the owner to add the title The Lord or Lady of Beoley after their name, however, I’m not sure that’ll permit you to do anything else such as drive your sheep up the high street for example. The new owner will need to check the legal pack on that one!”

The feudal title goes under the hammer at the Paul Fosh auction which will be held at the Park Inn Hotel, Circle Way East, Llanedyrn, Cardiff, on Thursday, December 8, starting at 5pm.

www.paulfoshauctions.com

Press Release - November 18th 2011
TJ's lives to fight another day as the legendary live rock venue goes under the hammer again

ONE of the most iconic rock venues in the UK is to go under the auctioneer’s hammer for the second time after a previous sale fell through.

Newport’s legendary TJ’s rock venue, at 14, 16 and 18, Clarence Place, Newport, which closed last year after the death of its long term owner and promoter John Sicolo, is again up for sale by Paul Fosh Auctions - the guide price is £175,000.

Paul Fosh, Managing Director of the eponymous Newport based auction house, said: “The property created a great deal of interest from right across the country and internationally when it was for sale last time through us, however, sadly  that deal fell through, as happens sometimes, and TJ’s is once more for sale – it’s a kind of encore."

“The property offers tremendous potential. In addition to the ground floor former night club area there is living accommodation on the first and second floors with potential to convert the whole property into apartments. There is even a roof terrace to the rear.”

When TJ’s was for sale in September bidding started at £160,000 and the property was finally knocked down after keen interest from a number of potential buyers in the room for £242,000 to a Cardiff bidder.

Mr Fosh said: “The sale of TJ’s generated a lot of genuine interest the last time it was listed with a few bidding against each other at the end. I’m hopeful those that were disappointed last time will attend this time to get a second chance to buy this truly iconic and historic building.”

Last time the property was bought by a Cardiff man and his father who, immediately after the September sale, said they planned to convert upstairs to residential and create a ‘TJ’s themed restaurant’ below in the former club.

TJ’s is reputedly the spot where tragic Nirvana rocker Kurt Cobain proposed marriage to songster Courtney Love after her performance there with her band Hole.

Paul Fosh said: “There’s little doubt TJ’s was an iconic and well known rock venue attracting some major bands especially in the 90’s.  It would be great, romantic even, for someone to buy the building and for it to continue its use as a rock venue but that sadly seems unlikely to be the case."

“The building needs plenty of work and, realistically, is much more likely to be acquired for use as mixed use residential and retail, subject to planning. I have had a great deal of interest in the property especially from local people looking to redevelop the property in that way.”

TJ’s is listed as a lot in the Paul Fosh Auction which will be held at the Park Inn Hotel, Circle Way East, Llanedyrn, Cardiff on Thursday, December 8, starting at 5pm.www.paulfoshauctions.com

Press Release - November 3rd 2011
Cheapest house in Britain snapped up at Paul Fosh auction

A dilapidated terraced house which grabbed news headlines when listed with an auction price of just £7,000 - the cost of a reasonable second hand car – was snapped up unseen at auction for £21,000 by a Newport developer.

The terraced house in Maerdy, Ferndale, in the Rhondda was in such a sorry state of disrepair that even auctioneer Paul Fosh had not inspected it prior to sale.

The house, which got the nationals very excited making ‘Is this the cheapest house in Britain’ headlines in the Daily Mail and Express newspapers to name just two, eventually sold for three times the guide price but it will need quite a bit of work to get it ready for occupation.

Nicky Rashid, of Property Trader, based in Commercial Road, Newport, who bought the property unseen said he’d gone with a ‘gut instinct’ to the buy the property.

Paul Fosh, Managing Director of Newport-based Paul Fosh Auctions, said: “The sale generated a great deal of interest with the property being dubbed the cheapest in Britain.

“There were a number of people in the auction room on the night that had their eye on the property due, in the main, to its very attractive guide price of just £7,000.

“I was surprised and also very pleased to see the house, registered to an owner in London but which we were selling on behalf of Rhondda Cynon Taf Council, achieved the very good sale price of £21,000.”

Meanwhile, new owner Mr Rashid, is planning on taking his first look inside the property soon with a view to quickly getting started with renovation and refurbishment.

Mr Rashid , whose Newport business owns and manages in excess of 150-200 properties with a capital value of approximately £8 Million, said: “I expect it’ll take about two months and between £7-8,000 to put the property right and then it’ll be placed on the rental market."

“It’s not the first time I’ve bought a property without seeing it first. It’s a gut feeling I have about property which I have built up with working in the business over the past 16 years.

“The market is very, very good for those that want to buy property at the moment and to rent out. Buying at auction is a good way to invest in property as long as you have the capital or can borrow the money from banks.”

Meanwhile other properties which sold in the recent auction included a three bed home at Beech Close, Llanmartin, which went for £ 80,500, guide £48,000; a former telephone exchange in Bridgend £10,000, guide £6,000; a parcel of land at Blaina which sold for its guide price of £3,000; land with potential at Greenland Road, Brynmawr £4,000 guide £5,000 , a flat at Beaufort Road, Newport which sold for £25,000 after being offered with a guide price £19,000 while a square piece of land at Pengarnddu Industrial Estate, Dowlais, Merthyr Tydfil, with a guide price of £4,000, was knocked down for £23,000.

The next Paul Fosh auction is on Thursday, December 8, at The Park Inn Hotel, Llanedeyrn, Cardiff, starting at 5pm. For more details visit www.paulfoshauctions.com

Press Release - October 31st 2011
Newport developer snaps up 'cheapest house in Britain' unseen

A dilapidated terraced house which had a guide price of just £7,000 - the cost of a second hand car – has been snapped up unseen at auction by a Newport developer.

Nicky Rashid, of Property Trader, based in Commercial Road, Newport, said he went with a ‘gut instinct’ to the buy the barred-window property, at Maerdy, Ferndale, in the Rhondda.

The terraced house, in such a state of disrepair that even the auctioneer Paul Fosh had not inspected it prior to sale, was eventually sold for £21,000 - three times the guide.

Paul Fosh, Managing Director of Newport-based Paul Fosh Auctions, said: “The sale generated a great deal of interest with the property being dubbed the cheapest in Britain."

“There were a number of people in the room that had their eye on the property due in the main to its very attractive guide price of just £7,000."

“I was surprised and also very pleased to see the house, registered to an owner in London but which we were selling on behalf of Rhondda Cynon Taf Council, achieve the very good sale price of £21,000.”

Meanwhile, new owner Mr Rashid, says he hopes to take his first look inside the property this week with a view to getting started with renovation and refurbishment soon afterwards.

Mr Rashid , whose Newport business owns and manages in excess of 150-200 properties with a capital value of approximately £8 Million, said: “I expect it’ll take about two months and between £7-8,000 to put the property right and then it’ll be placed on the rental market.

“It’s not the first time I’ve bought a property without seeing it first. It’s a gut feeling I have about property which I have built up over working in the business over the past 16 years."

“The market is very, very good for those that want to buy property at the moment and to rent out. Buying at auction is a good way to invest in property as long as you have the capital or can borrow the money from banks.”

The next Paul Fosh auction is on Thursday, December 8, at The Park Inn Hotel, Llanedeyrn, Cardiff,  starting at 5pm. For more details visit www.paulfoshauctions.com

Press Release - October 26th 2011
At £7,000 is this the cheapest house for sale in Britain?

A dilapidated terraced house with bars for windows and a battered front door is up for sale today (Thursday, Oct 27) with a guide price of just £7,000 - the cost of a second hand car.

The property, at 108 Edward Street, Maerdy, Ferndale, in the Rhondda, may appear to be a steal but auctioneer Paul Fosh says it is in need of total renovation.

Paul Fosh, Managing Director of Newport-based Paul Fosh Auctions, who is selling the property, said: “It’s fair to say that the house is in a real state.  Anyone who buys the house, which is currently uninhabitable, would be buying blind."

 “Having said that we have had a lot of interest in the property which, with a guide price of £7,000 the cost of a second hand car, must surely be one of the cheapest houses on the market in Britain. It is certainly the cheapest house I have put up for auction in many years”

Guide notes in the Paul Fosh auction catalogue advise: “The property has not been inspected internally by the auctioneers and buyers must form their own opinion of the likely internal accommodation.”

Mr Fosh said the terraced house, which he is selling on behalf of Rhondda Cynon Taf Council, will in all likelihood be bought by builder or speculator willing to ‘take a punt’ on the property.

“I am expecting keen interest in the sale room but make no mistake there is huge amount of work required to bring this building, registered to an owner in London, up to standard as it doesn’t appear to have been lived in for a quite considerable time."

“We have set a guide price of £7,000 but in the end it’ll be the auction floor and those that attend the sale that’ll decide what this property is worth taking everything, including worse case scenario renovation costs, into consideration.”

Mr Fosh said internal photographs of Lot 6 giving an indication of condition inside the house, are included with the legal packs.

The Paul Fosh auction is on today, Thursday, October 27 at The Park Inn Hotel, Llanedeyrn, Cardiff starting at 5pm. For more details visit www.paulfoshauctions.com

Press Release - October 12th 2011
Buy land - they're not making any more of it!

With volatility in the UK and global Stock Market and the economic climate being choppier than a North Sea trawling expedition people are naturally looking for safer havens for their investments.

Hoping to scoop £101million in the Euro Millions like Cambridgeshire couple Dave Dawes and fiancée Angela is an option and then there is the National Lottery,

However, for those looking for a less adventurous and arguably more likely way to see some financial return, an investment property remains a safer bet.

Notwithstanding recent fluctuations in the property market long term bricks and mortar and indeed what the bricks and mortar is built on – land - is always a favourite.

In the well chosen words of my late father in law - Buy land they’re not making any more of it!

And you don’t have to have the wealth of Croesus or even the aforementioned Euro millionaire couple from Wisbech, Cambridgeshire, to go down that route.

As if to perfectly illustrate the point there are various parcels of land available in the current Paul Fosh Auction catalogue.

Now these tracts and corners of land may not have the cache or indeed the value of a slice of beach front space in say Harry Redknaps’s Sand Banks, or perhaps Mayfair, Kensington or a far flung exotic island.

However for a modest outlay of a few thousand pounds a plot of land can be yours and subject to planning may return a tidy profit once developed and sold on or re used in some way.

For example in the current brochure a triangular parcel of land at Furnace Street, Beaufort Ebbw Vale, described as suitable for domestic purposes or for extending a garden has a guide price of £5,000 while a parcel of land at Blaenllechau, Ferndale, benefiting from planning permission for the erection of four terraced houses has a guide price of £28,000.

Roughly grassed and tree covered amenity land at Brynhyfryd Avenue, Nantyglo, has a guide price of £5,000 while an area of roadside, sloping land at Bourneville Road, Blaina, has a guide price of £3,000.

A plot of land with potential at Nant Celyn, Rhymney has a guide price of £4,000 while a parcel of roughly level, vacant land at Blake Street, Maerdy, is on offer with a guide price of £8,000.

Paul Fosh, Managing Director of Newport-based Paul Fosh Auctions said:  “Canny people, shrewd private individuals and perceptive investors, are coming into the auction room and are picking up a bargain if they know what they want, have the funds and some knowledge." 

“Along with the firm favourites, terraced houses in the South Wales valleys, these small parcels of land are also attracting some keen attention and, as they can be bought for comparatively low price, invariably do well at auction.”

The next Paul Fosh auction is on Thursday, October 27 at The Park Inn Hotel, Llanedeyrn, Cardiff starting at 5pm. For more details visit www.paulfoshauctions.com

Press Release - September 21st 2011
Pubs find favour with buyers at recent Paul Fosh auction

Perhaps more so than ever property must be correctly priced if it is to sell well at auction, leading Wales property expert Paul Fosh says.

Paul, Managing Director of the eponymous Newport auction house Paul Fosh Auctions, was talking after his recent auction at which the legendary TJ’s club was knocked down for £242,000.

The Newport rock venue, at Clarence Place, Newport, which closed last year after the death of its long term owner and promoter John Sicolo, had a guide price of £175,000.

Bidding started at £160,000 and it was finally knocked down for £242,000 to a Cardiff bidder after keen interest in the days before and a flurry of bids in the packed Park Inn auction room.

Paul Fosh, who was featured on TV and radio as well in print media ahead of the historic sale, said: “There was a great deal of interest leading up to the sale of what was an iconic club in Newport. In the end a satisfactory price was achieved for my client with the sale.”

The property is now set to be converted to flats and a TJ’s themed restaurant on the ground floor.

Meanwhile other competitively priced properties found willing buyers at the auction with one of the best being The Tredegar Arms, Morgan Street, Tredegar, which, with a guide price of £38,000 was eventually knocked down for £60,500 to a buyer from Caerphilly.

Another public house The Central Hotel, Clydach, Tonypandy, also created great interest in the sale room which, with a guide price of £38,000, was eventually sold for £55,000.

Paul said: "There seems to be a resurgence of interest in pubs which for quite some time have been very much out of favour but again, if the price is right, they will sell. Both vendors of these pubs were very pleased with the price they achieved at the sale.”

And buy to let investors are in evidence at the sales with for example a two bed terraced home at Partridge Road, Llanhilleth, listed at £12,000 achieving £27,000 and a three bed terraced house at Bailey Street, Newport, with guide price of £38,000 creating keen interest before eventually being knocked down for £71,000.

Meanwhile one of the more quirky properties was at The Old Police Station at Penrhys Ferndale. The two bed end link property with a guide price of £15,000 was sold for £18,500.

A four storey grade II listed property in the heart of Swansea’s bar and restaurant area in Wind Street achieved £260,000 on a guide price of £220,000.

 Mr Fosh said: “I was quite pleased with the results of the recent sale with some notable highlights, one being the sale of TJ’s,  but as always if the price is right the property will sell-price is still the name of the game.”

The next Paul Fosh Auction which will be held  at the Park Inn Hotel, Circle Way East, Llanedyrn, Cardiff on Thursday, October 27, starting at 5pm. www.paulfoshauctions.com

Press Release - September 19th 2011
Legendary live rock venue TJ's sold at auction

The legendary TJ’s, arguably one of the most iconic rock venues in the UK, has been sold at auction.

The Newport rock venue, at 14, 16 and 18, Clarence Place, Newport, which closed last year after the death of its long term owner and promoter John Sicolo, had a guide price of £175,000.

Bidding started at £160,000 and it was finally knocked down for £242,000 to a Cardiff bidder after keen interest in the days before and a flurry of bids in the packed Park Inn, Cardiff, auction hall.

Paul Fosh, Managing Director of the eponymous Newport based auction house, said: “There was a great deal of interest leading up to the sale of what was an iconic club in Newport. In the end a satisfactory price was achieved for my client with the sale.”

The Clarence Place property was bought by Cardiff man Ozzeer Hassan and his father Mehmood with plans to create residential space upstairs and a restaurant in the former club below.

Mr Hassan said: “We want to preserve the TJ’s image with a themed restaurant.”

Mr Fosh said the TJ’s property offered tremendous potential. In addition to the ground floor night club area there is former living accommodation on the first and second floors with potential to convert the whole property into apartments. There is a roof terrace to the rear.

The TJ’s night club is reputedly the spot where tragic Nirvana rocker Kurt Cobain proposed marriage to songster Courtney Love after her performance at the Newport nigh spot with her band Hole. www.paulfoshauctions.com

Press Release - September 6th 2011
Legendary live rock venue TJ's to go under the hammer

ONE of the most iconic rock venues in the UK goes under the auctioneer’s hammer next week (Thursday, September 15).

Newport’s legendary TJ’s rock venue, at 14, 16 and 18, Clarence Place, Newport, which closed last year after the death of its long term owner and promoter John Sicolo, is up for sale by Paul Fosh Auctions.

The guide price is £175,000.

Paul Fosh, Managing Director of the eponymous Newport based auction house, said: “The property offers tremendous potential. In addition to the ground floor night club area there is former living accommodation on the first and second floors with potential to convert the whole property into apartments. There is a roof terrace to the rear.”

TJ’s is the reputedly the spot where tragic Nirvana rocker Kurt Cobain proposed marriage to songster Courtney Love after her performance there with her band Hole.

Paul Fosh said: “There’s little doubt TJ’s was an iconic and well known rock venue attracting some major bands especially in the 90’s.  It would be great, romantic even,  for someone to buy the building and for it to continue its use as a rock venue but that sadly seems unlikely to be the case.

“The building needs plenty of work and, realistically, is much more likely to be acquired for re use as mixed use residential and retail, subject to planning. I have had a great deal of interest in the property especially from local people looking to redevelop the property in that way.”

Tj’s is listed as lot 28 in  The Paul Fosh Auction which will be held  at the Park Inn Hotel, Circle Way East, Llanedyrn, Cardiff on Thursday September 15 starting at 5pm.

www.paulfoshauctions.com

Press Release - August 1st 2011
Convenient sea view property could provide relief for investors

A compact sea side property with sweeping Bristol Channel views may prove to be convenient for someone flush with cash and looking to spend their investment pennies.

The currently disused and boarded up property, which is attractively situated at Ogmore-by-Sea, near Bridgend, has breath taking sea views and does not have a chain.

However the former ladies and gents public convenience at Slon Lane listed in the current Paul Fosh Auctions catalogue and up for sale this week may not be everyone’s cup of tea.

Newport-based auctioneer Paul Fosh says the unusual property, which at a guide price of just £4,000 is as ‘cheap as chips’, may find gents or ladies with an alternative use on their mind.

Paul said “The property is being sold on behalf of Vale of Glamorgan District Council and is as cheap as chips and may well end up selling chips if planning permission for change of use is granted."

“The District Council has already indicated that it believes the former toilet block, in a enviable location, may have potential uses linked to tourism in the area and could well re emerge as a café or small restaurant.”

The former public convenience is one of a range of interesting properties that are included in the  Paul Fosh auction on Thursday this week . The auction also includes another toilet block , this time at  just off the centre of St Athan, at Barry with a higher guide price of £8,000.

Among other properties featured in the catalogue is an intriguing former bank building in the heart of Treharris, complete with large walk in safe and till, which has a guide price of £16,000.

Another, perhaps for the investor or someone looking for a change of life style, is the idyllically situated Nantycoed Chalet Park, at Aberporth, Cardigan. The four acre site, which currently has a dozen holiday chalets with planning consent for a further nine, is described as being within easy distance of several sandy beaches. The chalet park has a guide price of £180,000.

The Paul Fosh Auction, in which these and some sixty plus other properties are listed, is being held at The Park Inn Hotel, Circle Way East, Llanedeyrn, Cardiff, on Thursday, August 4, starting at 5pm.  For more details call 01633 254044 or visit www.paulfoshauctions.com

Press Release - July 5th 2011
Paul Fosh Auctions interests are nabbed by former south Wales police station property

There was clear and admissible evidence of keen interest in a former south Wales police station among potential buyers at the most recent South Wales Paul Fosh Auction.

The arresting property eventually being knocked down for almost two and half times the auction guide price.

Paul Fosh, Managing Director of the eponymous Newport based auctions said: “Our most recent Paul Fosh Auctions sale at The Park Inn Hotel, Cardiff, went really very well and there was strong bidding on a number of the interesting lots.

“One of the lots, which generated quite a bit of keen interest, was lot 35. This lot, 37 Turner Road, Canton, Cardiff, eventually sold for £138,000. The guide for this particular property was £125,000 so the sale price was £13,000 ahead of our guide."

“Another lot which also produced some measure of excitement and keen interest in the auction room was lot 43 which was the Old Police Station, in Penrhys, Rhondda, which was listed with a guide price at £10,000."

“The former police property was eventually knocked down for £23,500 which was almost two and half times the listed guide price. Indeed the interest for this building was such that we had eight to ten different parties bidding for the property at one stage."

“Taking everything into consideration the auction was very positive and augurs quite well for the future notwithstanding the current economic climate and the recession we’ve been experiencing over recent months.”

Leading Wales auctioneer Paul Fosh reported recently that although the property marker continues to be tough there are distinct signs the situation could be changing.

Mr Fosh says the future appears brighter than it has been for some time.

He said: “Although prices generally remain some 20%-25% down on say two years ago there are soundings, backed up by solid statistics coming out of London, which appear to suggest that prices are rising in the city and have been doing so consistently over the last couple of months. “

Mr Fosh said the price rise ‘ripple effect’  spreading outwards from the centre, London could mean that by the end of the year it will have impacted the market along the M4 Corridor and be felt here in South Wales.

Mr Fosh is convinced the market will improve but says shrewd and perceptive investors can still pick up a bargain in the auction room if they know what they want, have the funds some knowledge and have done their homework. 

Money invested in the right property in the right locale could potentially do much better in terms of growth than left in low interest bank or building society accounts

However Mr Fosh said: “I would advise those new to the market to ensure that they always view the property prior to sale, thoroughly study any sales particulars, have their funds available, and most importantly, check the legal documents related to any property. Paul Fosh Auctions are always on hand to offer advice and guidance to those new to the industry.”

For more details on the next Paul Fosh auction on August 4, 2011 at the The Park Inn Hotel, Cardiff, visit www.paulfoshauctions.com

Press Release - June 21st 2011
Gwent property braced for the London ripple effect

DESPITE the property market continuing to be tough there are distinct signs the situation could be changing, leading Wales auctioneer Paul Fosh says.

Recent auctions have been a struggle but Mr Fosh, Managing Director of the eponymous Newport based auctions, says there is light at the end of the tunnel.

He said: “Although prices remain some 20%-25% down on say two years ago there are soundings, backed up by solid statistics coming out of London, which appear to suggest that prices are rising in the city and have been doing so consistently over the last couple of months."  

“There is then a resultant ripple effect which spreads outwards from the centre, London, so by the end of the year this will most probably have rippled its way along the M4 Corridor and be hitting us here in South Wales. “

Mr Fosh said he is convinced the market will improve after more than 70 %, of the total of  71 properties listed for sale in their most recent auction sold.

He said: “Canny people, shrewd private individuals and perceptive investors, are coming into the auction room and are picking up a bargain if they know what they want, have the funds and some knowledge." 

“After all, when you can snap up a modernised two/three-bed terraced house in the South Wales Valleys for £40,000 which is ready to let and will return something like £5,000 a year or 12.5%, then there is no question that funds are better off invested in property rather than left festering and without any discernible interest in a bank or building society."

However Mr Fosh said: “I would advise those new to the market to ensure that they always view the property prior to sale, thoroughly study any sales particulars, have their funds available, and most importantly, check the legal documents related to any property. Paul Fosh Auctions are always on hand to offer advice and guidance to those new to the industry.”

He said a downside for private investors looking to dip their toe in the market but who need to borrow money is that funds remain tight and there is no immediate indication that bank purse strings are loosening.

The next Paul Fosh auction is on Thursday this week (June 23) at The Park Inn Hotel, Cardiff, when among the 50 plus lots up for sale is a former school premises at Newbridge with a guide price of £50,000 plus. For more details visit www.paulfoshauctions.com

Press Release - May 26th 2011
South Wales Auctioneer puts Take That under the hammer for charity

LEADING auctioneer Paul Fosh helped raise thousands of pounds when he took up the gavel and knocked down some of the most sought after items around in a charity event.

Paul, MD of Newport-based Paul Fosh Auctions, is more used to handling property sales but switched to selling top concert and West End show tickets, exclusive sports memorabilia and even a canal boat trip, for charity.

In total the Spring Charity Auction Sale of some 38 items, held at Ty Newydd Country Hotel, Penderyn, helped raise £9,139 for the outgoing Mayor of Rhondda Cynon Taf Simon Lloyd’s  Charity Appeal.

The money will be donated to Marie Curie Cancer Care, the Christian Lewis Trust, Rowan Tree Cancer Care, the Royal Corps of Signals and the Pontypridd War Memorial Appeal.

Paul, who was joined on the evening by special guest Welsh legend Max Boyce, said: “I was delighted to be asked to take part and thrilled that the evening was such a huge success and so much was raised.

“People were very generous and there was keen interest in each of the lots including the Cardiff Take That tickets, which went for £200, a Sugar Ray Leonard boxing glove which went for more than £400 and a signed Maradona shirt which made an impressive £450.”

“I hadn’t met Max Boyce before but I am a fan so it was fantastic just to be able to sit next to him at dinner and to hear his funny yarns some wholly true and some, well by his own admission, perhaps a little spun!”

Paul Fosh Auctions, based at Church Road, Newport, is the largest property auction house in Wales. w ww.paulfoshauctions.com

Monmouthshire Country Life - December 2009 / January 2010

Is it just old people who say ‘there aren’t enough hours in the day’ if so I must be getting old, combine that with ‘time goes by so quickly’ and I’m positively ancient meaning my teenage sons have been right all along; they’ve always called me ancient.  I do feel old when I hear the music on their i-pods – Lady Ga Ga, N-Dubz - are these real musicians? I think not.  I can always remember my father moaning about my choice of music.  Oh no! I’m starting to sound like him now!

I would have to listen to my father’s music when we were travelling as children over to Ireland.  It’s a long way up to Holyhead and across to Dublin crammed into a Morris Traveller (I wish I had an i-Pod or a DVD player in the car then, kids today don’t know how lucky they are!)  My mother is Irish and I used to spend most of the school summer holidays over there staying with my Aunts and Uncles.  I would have a fantastic time with all my cousins. With a hectic schedule, I’m reduced these days to the occasional flying visits. If only I had more time!

My to-do list never gets any shorter.  I could try doing less but that wouldn’t work.  I don’t function properly unless I’ve got the pressure of half a dozen deadlines looming; and the relief of finishing a task makes all the hard work very rewarding.

On the subject of rewards, Paul Fosh Auctions received one of the highest industry awards recently, the estate agents equivalent to the Oscars.  The annual awards were hosted at the Hilton Hotel, Park Lane, London on 11th November.  The awards are run by The Negotiator magazine and cover a wide range of categories of estate agency across England and Wales.  We had been short listed for the Residential Auctioneer of the year award alongside five other firms, including a large London based national company.

So off we went to the bright lights of London (would have been brighter if the Christmas lights had been turned on, thought they might have done that for us, we don’t get out much).  So, sitting nervously at our table with Sean a member of my staff and eight clients you can imagine my pleasure when it was announced that Paul Fosh Auctions had won!!  I’m so glad I had held back on the drinks as I had to then go up and collect the award and tripping up would not have looked good.  After that the celebrations and drinking started and the diet and marathon training went out of the window.

The diet (ok, cutting down a bit) and exercise regime haven’t been going well recently. I’m trying to train for the London marathon but I still haven’t found a charity with any spare places. It’s difficult to motivate myself when I can’t even guarantee that I’ll get a place, are there really so many other gluttons for punishment out there?

So it is then, back to the office and reality with a trophy on the shelf and a sore head. What I shouldn’t forget though is a big thank you to my wonderful staff, friends and family for their hard work, support and yes at times understanding and patience in helping Paul Fosh Auctions to have become so successful. A big thank you as well must go to all of our clients for the business that they have given to us over the past eight years.

Alright then, enough self congratulating. We’ve got another busy auction schedule lined up for 2010, clients to see, staff appraisals to do, the list goes on. There just aren’t enough hours in the day!

Paul Fosh is managing Director of Paul Fosh Auctions. The next auction is to be held at the Park Inn hotel Cardiff at 5pm on 11th February 2010. For further information 01633 254044 www.paulfoshauctions.com

Monmouthshire Country Life - October 2009

How do you do?  What do you do?  What’s your name and where do you come from?  Networking.  Whether its business or pleasure it’s a vital way of meeting people and exchanging information.

Everyone should be able to link themselves to another person by the rules of six degrees of separation; a friend of a friend of a friend etc. but I still don’t quite understand why people use social networking sites like Facebook and broadcast their innermost thoughts to a select couple of hundred friends on a list made up of ex school mates, ex colleagues and stalkers!  Of course, dear Reader, this column is just my thoughts and ramblings between you and me. 

And so here we are again in autumn, with the local cricket matches rained off, the top of the convertible staying on and my one venture to the sun resulting in Swine Flu I’m hoping that the latter part of the year will be more positive.

The shooting season has started and it’s time to enjoy a tot or two of sloe gin whilst renewing acquaintances.  We’ve already thoroughly enjoyed days in Northumberland and more recently Cornwall thanks to the contacts of our local Head Keeper.  And it’s presented an opportunity for me to set up a small sporting agency www.pfsporting.co.uk focussing on giving clients a truly memorable day.  Again, networking helps and it’s been great being a guest and enjoying good hospitality around the UK.

I’ve also decided that its time for a change.  The car has to go; aside from the fact that I haven’t been topless all summer it’s getting old and so I’m looking at a newer model.  I test drove the hard top version of my XK but am undecided between that and the (slightly) more practical and economical Audi TT which impresses me with its fold flat rear seats – there’d almost be enough room for a labrador and an overnight bag.

I was invited to the annual EI Group luncheon in London and attended last week and fully intended to catch the 3.30pm train home.  But as you know my timekeeping isn’t great and I even surpassed myself this time being a mere 3 hours late that evening!  It was a great day for mingling and it was a pleasure to be amongst the top UK auctioneers and find that, I think, I was the only one with my name above the door.  The Paul Fosh Auctions next venture into the Big Smoke is in November as we’ve been shortlisted for the UK’s Best Auctioneer at the industry awards organised by the Negotiator magazine.

About a year ago I mentioned that Estate Agents were always slower at reacting to the marketplace and tend to lag behind at dropping the price of houses.  Well it seems that has happened now and you can get more for your money on the High Street and that buyers are accepting this and returning to the market which is good news for everyone.

I may not have a status on Facebook to share with my ‘friends’ but I’m Paul Fosh, thanks for reading.

Paul Fosh is Managing Director of Paul Fosh Auctions.  The next auctions at the Park Inn, Cardiff at 5pm are 22nd October and 3rd December.  www.paulfoshauctions.com 

Monmouthshire Country Life - September 2009

I need a holiday I’m tired, really tired.

After adding an extra auction this year I managed to fit in a two week break in the hectic summer auction schedule.  A last minute holiday was booked and I was looking forward to rest, relaxation and reading many of the unfinished books by my bedside.

There wasn’t that much interest in Swine Flu as we left the UK for Turkey, indeed Bird Flu would’ve been more appropriate, and everything was pointing towards something akin to seasonal flu.

I tried to avoid Swine Flu, especially as I’m asthmatic, by following Government Guidelines: get exercise by walking to the bar, I put lime in my bottle of beer (fruit), celery in my Bloody Mary (veggies) and sat outside in the fresh air after eliminating stress by socialising and laughing, after all I deserved rest.  But after a couple of days of feeling unwell, which is normal if I am feeling run down, but teamed with an unbelievably high temperature (peaking at 39.9 y’know) I went for tests.  It was official – news from Istanbul - I had Swine Flu!

I’m going to be a bit of a boar now and although this diary often looks at the brighter side of life without discussing more in depth issues, Swine Flu was horrible; I had a worryingly high temperature but just wanted to curl up in front of a crackling fire.  OK, sorry, enough!  The hospital, insurance company and hotel were fantastic. 

After being dismissed from hospital we walked through the hotel reception in the obligatory masks and were effectively under house arrest until we knew whether we were cured or not to home again (cue pigs might fly jokes!) we could use room service as much as we liked, pork scratchings were off menu but there were plenty of peanuts which are of course a must.

So back to UK just as the media are reporting on new guidelines from the Department of Health and furore over the topic is at a high!  Since the National Pandemic Flu Service launched in July you can now be assessed online (www.pandemicflu.direct.gov.uk) if you have symptoms such as a temperature above 38 degrees aswell as any of list here dry cough, sore throat, runny nose, joint pain, tiredness or others. Then if required you get an authorisation number which can be used to collect antivirals.  

Anyway, as the only person I know to come home from an All Inclusive holiday and lost weight I’m pleased that the weekly weigh in at the office showed an 8lb weight loss, so at least I’m not such a porker!

And being back at the office I was pleased with official national figures that show Compared to same period last year, in Wales, the number of houses available for sale at auction has decreased but the number of lots sold has increased dramatically to an average of 72% across the Principality showing that auctioneers are pricing properties with the vendor in mind.

As house prices are down turnover has remained the same as last year, but it could’ve been a lot worse.  It’s reassuring that although our office has seen its way through this time in a difficult property market the industry as a whole appears to be looking up.

So with no tan or time to relax, other than in hospital attached to drips I need a holiday.

Paul Fosh is Managing Director of Paul Fosh Auctions.  The next auctions at the Park Inn, Cardiff at 5pm are 10th September and 22nd October.  www.paulfoshauctions.com 

Monmouthshire Country Life - July / August 2009

I’m going for a walk.

Jeans, t-shirt, walking trainers and maybe a flask of coffee and some chocolate for a caffeine fix. That’s alright isn’t it? Well it’s always done me just fine; I can’t be doing with these people that pack everything into a rucksack that they will never need just for a day out on the hills – I could travel around the world with my sleeping bag in a rucksack smaller than some of those day sacks in Cotswold Outdoor.

I have turned a corner with my diet and exercise plan, the fat fighter weigh in at the office helps, and I realise that I can say no to that extra biscuit or sneaky 11.00am cake. So I’ve decided to aim high….3000 feet in fact and sign up for the Welsh 3000’s at the end of August. A 26 mile route tackling all 15 peaks above 3000ft in Snowdonia over three days. I’m also going to run the London marathon next year for charity. It’s easy to get swept away with all of the stuff in these outdoor shops and I do admit to now owning two head torches – they were BOGOF and also very useful for winter dog walking down the lanes, honest I’m not turning into a mountain geek, they are handy and I really did need them.

I took the car for the 100 mile journey to the Midlands in April to check out the latest ‘craze’ for regional property auctions imported from the USA.  With hundreds of lots throughout the region on sale in one evening and a lot of hype including blowing whistles to hype up the audience - I don’t think that we British are quite ready for that yet! 

For the auction novice these types of auctions can be quite daunting, especially if the auctioneer starts to bounce bids up to a reserve.  It’s worth going to locally organised auctions with an experienced property trader or have a chat with the auctioneer; we’re a friendly bunch and abide by all the rules and regulations including making HIPs available to view and displaying the bidding agreements. 

So back to Blighty and a bit of training in the Brecon Beacons.

Right then just check my day 35 litre day sack (with integrated whistle); 4 litres of water in my platypus, map, waterproofs, hat, gloves, first aid kit, spare socks and laces, nuts and a banana for energy and have I really packed sun cream? I’m wearing my breathable trousers, wicking t shirt and 1000 mile socks to prevent blisters, although the 5 preventative compeeds should take care of that problem.

All this to wear in my new leather walking boots. Now, of course I realise that it’s all essential kit, I can even read a map! But I do draw the line at buying walking poles…..they are meant to be better for your joints…but I’m not a fanny.

I’m going for a walk!

Paul Fosh is Managing Director of Paul Fosh Auctions. The next auctions are at the Park Inn, Cardiff on 30th July and 10th September at 5pm. www.paulfoshauctions.com

Monmouthshire Country Life - May / June 2009

Tick Tock. Spring forward, fall back.

Sunday 29th March and I’m enjoying the bright early spring morning walking in the woods amongst the daffodils with the dogs and trying to get some fresh air to revive my rather fuzzy head.  The phone rings. 

Now I could try to blame the couple of bottles of good red we enjoyed at the dinner party or the Gin &Tonics beforehand.  Or, as people that know me will tell you, the fact that I operate on GMT + 15 minutes.  But I can’t.

Tick Tock.  Spring forward, fall back.  We’re not on GMT….it’s BST and I’ve forgotten to change the clocks.  I’m late, not just 15 minutes late either!  It’s not as if I didn’t know the clocks were changing it’s just a job that didn’t get done!

So one of my February resolutions to be on time doesn’t look like it’s going to happen!  I’m doing OK with the others; my office is tidy, well tidier.  Ski-ing in February was fantastic and gave me a real boost.  I regularly see my friend James AKA Gym to exercise, even if the rowing machine is aggravating my tennis elbow.  And I’m on a diet; I’m only drinking a couple of times a week and have even given up chocolate for lent. 

BUT I haven’t actually lost any weight.  I understand the whole eat less, exercise more concept but the more I exercise the more energy I use up, the hungrier I am so the more I eat!  It’s a vicious circle really! 

I have tried to stick to the diet rules, even when I’m socialising.  And as everyone knows as long as you don’t actually put food on your plate it doesn’t count and that half a pint of cider only has half the calories…does that mean I can have two?

I did have a day of excess when I went to the races at Cheltenham Festival; it’d be rude to say no to the aperitif and canapés on arrival and have a glass of something between each race.  Friends and colleagues enjoyed themselves and it was great to be able to greet them with a firm handshake without having to wince; my little finger was broken before Christmas when I took part in a ‘fun’ game of rugby!  As a corporate bash I even got to talk about work with guests that included property dealers, surveyors and lenders discussing the property market; which is supposed to be quiet but there is no shortage of buyers for cheap, correctly priced properties.

We also talked about what is coming up for auction.  I’m currently valuing over 100 parcels of land for a nationwide developer.  These small plots are often left when new suburbs, estates and cul-de-sacs are built.  Some are of value as they adjoin two houses and could potentially double the size of the garden or be used for extra parking others include small areas of woodland.

At our March auction we sold almost 80% of the properties presented for sale, the same total for the last three auctions, so although houses are selling for less than previously they are still selling at the right price.  Buyers are still very keen and have commented that they are taking cash out of financial institutions which are offering little interest and investing in property.  The recession can’t last forever and house prices inevitably will rise again.

Only time will tell.  Tick Tock.

Paul Fosh is Managing Director of Paul Fosh Auctions.  The next auctions are at the Park Inn, Cardiff on 7th May and 18th June at 5pm.  www.paulfoshauctions.com

Monmouthshire Country Life - March / April 2009

Time to make some New Years resolutions.  Yes I know, I’m late.  It’s not because I’m always late, it’s intentional. 

It’s tricky to say you’ll stop drinking and lose weight from the 1st of January when faced with delicious cooked breakfasts, fantastic elevenses, roast dinners and afternoon tea, all washed down with a drop or two of sloe gin until the end of the shooting season.  So I wait until temptation is out of the way, at least it’ll give me a better chance of success.

Of course there is the pledge to spend more time in the Spring training my dogs as they get more ‘self employed’ throughout the picking up season.

At work as ever I promise to be more organised; forced upon me each year with the inevitable visit to the accountant with a carrier bag full of receipts for the Tax Return that had to be completed at the end of January.

So yes, February is a good time to make new changes.

Our February auction closed with over 60 lots which is a reasonable number straight after Christmas.  Did we really need six month’s worth of statistics to tell us that the country is officially in a recession?  But some statistics I am interested in have been released by auction statisticians E I Group as we’ve been named as the leading auction house in Wales for the fourth year running. 

I’m pleased that we’ve bucked the trend showing only a 15% decrease on the total value of properties we sold last year.  This was second to the London region down 11%with most auction houses have lost over 40% on last year.  The decrease for all regions is due to the 30% drop in house prices. 

Having a good relationship with our clients and all national lenders, we’ve sold more property in 2008 than the previous year.  To reflect this we’re increasing the number of auctions to 8 annually – one every six weeks.  The team works fantastically together and this new format will put extra pressure on everyone; after each auction we have just two weeks to gather all of the lots for the next catalogue.  It also means that we won’t be getting a longer break in the summer when most go on holiday, so the Office Manager will be fitting holiday requirements around the auction dates.

With that in mind I’m off to Switzerland ski-ing with my youngest son, fantastic snow, great atmosphere, cheese fondues, swiss chocolate and après ski….maybe I’ll put off my resolutions until next month….

Paul Fosh is Managing Director of Paul Fosh Auctions.  The next auction is at the Park Inn, Cardiff on 26th March and 7th May at 5pm.  www.paulfoshauctions.com 

Monmouthshire Country Life - January / February 2009

FOR SALE: Jaguar XK8 in mint condition.

That’s it.  Fixed.  Well almost.

It’s not that my car is unreliable, more that my mechanic (the richest man in Newport) although very good, and much cheaper than Jaguar, can get very busy.  I say mint condition as the knocking and whirring have now finally gone as it seems I’ve paid to replace practically everything on the car.  The only thing that is left to do is the dent, which of course gets commented on by everyone.

Over the last 4 months I’ve single handed supported a car spares plant, mechanic and several Great Western rail employees with the amount I’ve spent on fixing everything and travelling to work when it’s been at the garage!

Luckily as Autumn goes by and winter is upon us I tend to use my Defender when I escape the office 3 days a week (or more).  This season I’ve been working my favourite black lab Jamie and taking the rest of the gundog team out every now and then.  And although I’ve seen a lot of hedgerows I haven’t spied a single sloe which scuppers any chance of a homemade supply of Sloe Gin next year.  I can already see the lady at the Sloe Liquor stand at next years Game Fair rubbing her hands with glee as I will need another few cases.

Of course in between enjoying myself I do have to fit in some work!  Running auctions throughout the year I rely on my fantastic team at the office when I’m out and about.  I rarely have any missed calls on my mobile and although it’s great that everything can run smoothly when I’m away I still worry if they don’t need me.

2008 has been busy, as always when times are hard we see an increase in the number of houses coming to auction.  We see all sorts of properties and meet all types of people.  Some properties are suitable for the auction room, others not, and it’s always difficult to explain to people why their home is valued at less than they might have hoped for or expected.

We’ve been busy.  The December auction saw almost 100 lots with 40% of those being sold as repossessions.  Property is still a safe long term investment and buyers are taking this opportunity to get a real deal.

I was asked for the BBC documentary that filmed us in October whether I felt sorry for estate agents as they start to feel the pinch and I answered honestly.  I have a lot of sympathy towards the staff but property is an extremely competitive business and it’s during hard times that you can often sort the wheat from the chaff.

We, deservedly, have a good reputation and are held in high regard, I would hope, by the people that we represent.  It does grate when estate agents, especially good ones, think that during tough financial times they will give auctioneering a punt.  It’s easy.  Any one can do it.

It’s not.  It’s hard.  It’s fast.  It’s totally different to estate agency.  I should know I started off by helping to set up the auction division at Halifax over 12 years ago.  Knowledge and a good reputation can make the different between a small or large catalogue, a sale or a fail.  Survival.

Who knows what 2009 will bring. New car?  New house?  More sleep?

Paul Fosh is Managing Director of Paul Fosh Auctions.  The next auction is at the Park Inn, Cardiff on February 12th, 5pm.  www.paulfoshauctions.com 

Last Pub in England bought at Auction

The last pub in England was bought at auction last week (Thursday 12th February 2009).

The White Horse in Staunton, three miles north east of Monmouth and four miles north west of Coleford, on the border of England and Wales exceeded its guide price at the Paul Fosh Auction held in Cardiff.  Billed as the last pub in England the pub started trading in 1813 and is the only pub left in the village.

With a guide price of £175, 000 the bidding finished when Paul Fosh’ gavel fell on an offer of £200, 000 from Peter Rollinson on behalf of RH Hotels Ltd, he explains: “RH Hotels Ltd own the Royal Lodge and Forest View in Symonds Yat East.  I also own, alongside my brother, the popular riverside inn The Saracens Head.” 

The White Horse Inn has a bar & lounge area and kitchen with the four bedroom living accommodation on the first floor and the adjoining plot has planning permission for a detached dwelling.

Paul Fosh Auctions, based in Newport, were recently named the leading auction house in Wales for the fourth year running by EIG (Essential Information Group) the UK’s leading auction statistic gatherer.  Paul Fosh said: “From a catalogue of 62 properties we sold 76% of the properties offered on the night, including the White Horse Inn.”

Paul Fosh Auctions are taking entries for their next auction which is held on 26th March, 5pm, Park Inn, Cardiff. www.paulfoshauctions.com 

Building on Success as Wales' Premier Auction House

Last week Paul Fosh Auctions, based in Newport, raised over £2.6 million selling 76% of the properties offered from their catalogue of 62 houses, confirming their place as the leading auction house in the principality.

MD Paul Fosh explains: “The catalogue included 14 repossessions, 4 local authority houses and 11 from the Housing Association.  Once again the room at the Park Inn, Cardiff, was full with many bidders standing.”

Figures published by EIG (Essential Information Group) the UK’s leading auction statistic gatherer, showed Paul Fosh Auctions raised £21.4 million at auction last year.

“It’s easy to be led by statistics but 85% of nothing is nothing figures need to mean something!  As the business continues to develop we consistently get the best sales results in a Welsh auction room and as EIG have shown we sold over £20 million of property at auction last year.  Although property prices have dropped dramatically Paul Fosh Auctions sold more houses last year than in 2007 and we have increased the number of auctions this year from seven to eight to reflect this.”

Paul Fosh Auctions are taking entries for their next auction which is held on 26th March, 5pm, Park Inn, Cardiff.

www.paulfoshauctions.com

Regional League Table by amount raised:

Region

Auction house

Total 08 £million

Total 07 £million

Change (%)

East Anglia

auction house Norfolk and north Suffolk

19.2

35.4

-45

Easy Midlands

Graham Penny

36.5

46.8

-22

London

Allsop Residential

388.8

437.8

-11

North East

Pattinson Property Auction

92.4

110.1

-16

North west

Pugh and Co Commercial

48

110.5

-57

HW Home Counties

Romans

24.4

32

-24

Scotland

SVA Property Auctions

8

19

-58

SE Home Counties

Clive Emson

87.5

156.5

-44

South West

Westcountry Property Auctions

29.9

41.2

-28

Wales

Paul Fosh Auctions

21.4

25.1

-15

West Midlands

Cottons

30.5

55.5

-45

Yorks and Humber

Eddisons Leeds

50.9

90.8

-44

Total raised in millions to one decimal place

Wales' leading auction house for fourth year despite housing slowdown

According to EIG (Essential Information Group) the UK’s leading auction statistic gatherer, Paul Fosh Auctions, based in Newport, is the top auction house in the principality.

The UK’s twelve regions have all shown a decrease in the total amount raised at auction in 2008 with 2007.

Half of the regions losing over 44% in the total amount raised over the same period (-58% in Scotland) Paul Fosh Auctions bucked the trend showing a -15% decrease, second only to the London region down 11%.

All major nationwide lenders use Paul Fosh Auctions to sell properties across Wales, Managing Director Paul Fosh said: “The property downturn has seen a dramatic increase in repossessed houses being sold at auction accounting for 45% of our last catalogue. Although the league table shows a drop in the amount raised in 2008 compared with the previous 12 months this is due to the property prices dropping by up to 30%; we sold more at auction across the whole of Wales selling properties as far a field as Aberystwyth, west Wales and Rhyl, in the north and are increasing the number of auctions this year from seven to eight to reflect this.”

www.paulfoshauctions.com

Regional League Table by amount raised:

Region

Auction house

Total 08 £million

Total 07 £million

Change (%)

East Anglia

auction house Norfolk and north Suffolk

19.2

35.4

-45

Easy Midlands

Graham Penny

36.5

46.8

-22

London

Allsop Residential

388.8

437.8

-11

North East

Pattinson Property Auction

92.4

110.1

-16

North west

Pugh and Co Commercial

48

110.5

-57

HW Home Counties

Romans

24.4

32

-24

Scotland

SVA Property Auctions

8

19

-58

SE Home Counties

Clive Emson

87.5

156.5

-44

South West

Westcountry Property Auctions

29.9

41.2

-28

Wales

Paul Fosh Auctions

21.4

25.1

-15

West Midlands

Cottons

30.5

55.5

-45

Yorks and Humber

Eddisons Leeds

50.9

90.8

-44

Total raised in millions to one decimal place

Monmouthshire Country Life - November / December 2008

For better, for worse?  We can’t get away without commenting on the banking crisis, credit crunch or whatever doom and gloom is over us at the moment.  With US and UK lenders in turmoil I do feel that those involved in the British property market are only really distant observers to this crisis. 

Property Auctions are an instant snapshot of the market at that exact time.  So are there buyers?  What are the prices like?  The last two auctions have shown that there is still a good amount of interest from buyers so perhaps the property prices have bottomed out and can only rise.  For better, for worse homeowners need to accept that values have dropped, adjust and move on but because of that investors keen for a bargain have been flocking to our auctions.  Estate Agents still need to drop their prices, as we have, but they are normally slower at achieving this and tend to lag at least six months behind.

I mention ‘for better, for worse’ as this is the latest BBC series that we’ve been approached to appear in.  We’re often asked by ITV and BBC researchers to film at auction and over the years I’ve become more wary.  Whilst some would advocate that any publicity is good publicity I have become nervous that the media portrays an exaggerated picture of how bad things are in the marketplace.  Hopefully a fair three part series will be produced from some of the footage they get at our next auction.

On a lighter note I’ve also been asked to run an auction on behalf on several Welsh charities at a Ball in London.  I always enjoy charity auctions as it gives some light relief from the more serious business of property, everyone is there to have fun and raise (a lot of) money.  Of course, it helped when I heard that singer Cerys Matthews was going to be there and I may get to sit at her table for dinner, although with my back I don’t thing I’ll be dancing the night away with her even if she begs me!

I hurt my back on my honeymoon (jumping off some rocks into the sea actually) and every now and then it plays me up.  Anyway at the moment I look more like a great granddad getting in and out of my car than a (young-ish) forty something!!  Although I’ve only just started to drive it again after 2 ½ weeks in the garage trying to sort out a problem that cost the GNP of a small country – although not as much as initially thought – and it’s still making a noise. 

I drove my dogs car – Land Rover Defender – for the time it was being sorted out.  And yes, with five dogs they need there own car, anyway a 2plus2 saloon isn’t exactly practical for gundog training is it?

Autumn is definitely here, I often get up at 5.30 to take the five dogs for a walk before work so I’ve noticed the darker mornings, and having found a good supply of Sloe’s I’m waiting for the first frost so that production of next years Sloe Gin can take place.  Of course for this season I have plenty of Sloe Gin, Sloe Whisky and Sloe Vodka from the Game Fair in the Summer.

Paul Fosh is Managing Director of www.paulfoshauctions.com. Next auction is on 4th December at Park Inn Hotel, Cardiff

Safe as houses? Property auctioneer gives real story behind BBC documentary

Paul Fosh, Managing Director of Paul Fosh Auctions, based in Newport, looks at the real story behind the sensational media headlines regarding the property crisis in Wales.

“Following the portrayal of failing property auctions featured in last weeks BBC Wales Safe as Houses documentary, presented by Rhodri Owen, it’s time to set the record straight!” Paul said. “Concentrating on one of Wales’ biggest Estate Agent Peter Alan giving their first ever Auction was not a fair illustration of the auction marketplace.  Estate Agency and Auctioneering are different and nothing proves it more than Peter Alan sale with a catalogue of 70 properties none were sold on the night.” 

Paul believes that the reason these properties didn’t sell is due to unsuitability and pricing rather than the marketplace as is clearly demonstrated at his auction last week when Paul Fosh Auctions sold 75% of the 97 properties that were featured in their catalogue.

Figures from the Ministry of Justice (Nov 08) show a dramatic increase in the number of homes threatened with repossession; between July and September figures were up 85% in Cardiff and 114% in Caernarfon.

“As always when times are hard we see an increase in the number of houses coming to auction.  Forty per cent of the properties in our last catalogue were being sold as repossessions which is a fact of the time we’re in.  Property is still a safe long term investment and buyers are taking this opportunity to get a real deal.  We don’t need evocative language about prices plummeting as the property boom goes bust but it sells papers!”

Paul Fosh Auctions were also filmed as part of the Safe as Houses documentary they will be featured this week (10th December) focussing on the purchasers story; “Although we were filmed for inclusion in last week’s doom and gloom documentary on sellers we weren’t included; was this because our successful auction didn’t fit into the storyline?  Property is an extremely competitive business and it’s during hard times that knowledge and a good reputation are vital. Not all properties are suitable for the auction room and experience tells you which are and what a realistic guide price should be.”

The next Paul Fosh Auction is on February 12th at The Park Inn, Cardiff, 5pm. www.paulfoshauctions.com

Paul Fosh Auctions prove that longevity and experience are important factors in business

The current auction catalogue (4th December Park Inn, Cardiff, 5pm) has almost 100 lots as more houses become available due to the market downturn. On past figures this established Newport business will sell the majority of these properties on the night and more during the week following the auction.

Managing Director Paul Fosh says: “Many properties are being repossessed at the moment giving buyers the opportunity to get a lot of house for their money.  We work closely with all lenders and even without these this catalogue would have over 60 lots.  As usual we have a mix of investment and owner occupied houses for sale as well as some commercial opportunities.”

The city of Newport is currently enjoying a good level of regeneration and investment and will benefit from the high profile brought by the 2010 Ryder Cup being held at the Celtic Manor Resort; the Langtons Café Bar, at offers over £168 0000 in the heart of the city may tempt investors.  Previously trading as a café bar this property offers scope for a number of uses subject to necessary planning consents.

Four bedroomed properties featured include Cedar Wood Drive, Porth and Hoel Isfoel, Dyfed both modern detached homes with ensuite to the master bedroom, gardens and garage.

A substantial investment opportunity in the highly sought after area of Stow Hill, Newport sees two properties at guide price £550, 000+  with planning for conversion of the existing buildings and erection of a two storey extension to provide 13 flats and car parking.  There is currently an assured shorthold tenancy agreement on a g/f flat with the remainder of the building sold with vacant possession.

For details and a catalogue go to www.paulfoshauctions.com 

Monmouthshire Country Life - September / October 2008

Property Matters? Well everyone’s talking about it; credit crunch, interest rates, cost of living.  As an auctioneer my job is usually great; in a good market when buyers come to auction to spot a good investment at a fair price, in a poor market people come to auction as guide prices are keen and lower than usual market value at your estate agent.  But it’s not always great at the moment.  Although there are plenty of people wanting to invest and property is realistically priced, the banks aren’t quite as keen to part with their hard earned cash so finance has been an issue for clients, making it an issue for us.

It’s not all doom and gloom though, last auction had 90 lots and we had a good percentage of sales and house prices are still higher than they were two years ago. Property still represents, in my opinion, the best and safest long term investment that money can buy and if you are looking to buy and sell at the same time then prices are all relative to each other. 

I work in the salesroom downstairs on the day of the auction and always make sure I’m wearing my lucky socks, and then as everyone goes to the Park Inn I choose the gavel I’ll be using.  Last auction the room was full and there was lots of chatter about the good turnout despite the apparent downturn in the market.

I don’t care where we start the bidding as I’ve nothing else in the diary except the auction that night and shy bidders can take some coaxing! The banter on the rostrum is a fun part of the job - bidders can change their minds as much as they like, they might as well give it a try as they may get outbid again but imagine driving past the house tomorrow and wishing you’d just gone up another £500 to make it yours!

The few really hot days that we had in July I spent with my family.  Working at home, sorting out the dog’s kennels and finishing jobs around the house.  Then off camping at the CLA Game Fair which was at Blenheim Palace this year; of course I bought lots that I didn’t know I really needed; including cases of Sloe Gin, Sloe Whisky and Sloe Vodka ready for winter….she must’ve seen me coming! The Game Fair gave me another excuse to get out my new favourite toy – a spit roast for the BBQ.  All my camping neighbours appreciated the joint of meat too!

Having five dogs is a tie, especially if you want to go away and I’ve been lucky enough to find a great Dog Walker, she even text me to say how happy they were and how much she liked them; I stopped myself replying and asking if she wanted to keep them, just!

In July we featured in three episodes of ITV’s Good Bid, Good Buy series.  I know these programmes are always popular daytime TV shows and perhaps it’s me but strangers have been saying hi to me and I was recognised in Gregg’s the Bakers!  The life of a media celebrity; although no-ones actually asked me for my autograph and I haven’t been mobbed so I don’t think I’ll be featuring in Hello! Magazine this year!

Oh and the dream house?  Still on the market and I’m facing a dilemma that all sellers face; firstly do I put in an offer?  And should I have sold my house first?  Bridging loans can often solve these problems but back to the Credit Crunch do I or the bank, want to risk it?  And there is all the work that needs doing; then again life would be boring if I didn’t have something to do!

Paul Fosh is Managing Director of www.paulfoshauctions.com .  Next auction date is 16th October at Park Inn Hotel, Cardiff.

Investment Properties

The current credit crunch means more people are looking to buy or invest in properties bought at Auction.  George Halladay talks to Paul Fosh, MD of Wales’ largest Auction House Paul Fosh Auctions based in Newport.

Paul said: “Auctions offer opportunities to purchase properties at realistic prices.  The current climate means that we have to offer keen guide prices ensuring vendors and buyers get what they need.  Our June auction saw over 90 lots and the auction on August 28th has 87 lots. Buyers want to add value and our properties often give that opportunity, alternatively they are looking for a long term investment.”

With 20 years experience Paul has seen housing crisis before, saying: ”In the UK the public and media love to get excited about the property market. The market is difficult at present but things are no where near as bad as some would have you believe. Prices are still higher than they were two years ago and property still represents, in my opinion, the best and safest long term investment that money can buy.  If you are looking to buy and sell at the same time then prices are all relative to each other. Similarly, if you are a first time buyer then now is a great time to buy. A lot of investors I know are buying large stocks of property with rental prices rising, the returns investors are getting (yields) have improved.”

“In the long term property is still a safe investment and with that in mind our regulated tenacy properties have been selling well.  Of the 87 lots available at our next auction at the Park Inn, Cardiff, 10% are are regulated tenacies.”

The Housing Act 1988 came into force on 15 January 1989, if tenants were in situ before this date then they are regulated tenants and are entitled to ‘fair rent’ which are often 50-70% of the market rent, however the rental income is guaranteed for years.

He explains: “Landlords who invest in properties subject to these tenancies do so in order to benefit from the capital uplift when the tenancy comes to an end, which is typically on the death of the tenant.  These properties sell for about 60-70% of what they would sell for with vacant possession (without tenants), you’ve a guaranteed tenant paying rent and may see a return on your investment in 10 years.”

Properties with regulated tenants that feature in this auction vary from a guide price of £70, 000 for a three bedroom character cottage in the Pembrokeshire countryside to a £100, 000 two bed mid terraced house in Cardiff and £100, 000 for a flat on the Welsh coast just a few yards from the sea.

Mr Fosh added: “We’ve had a lot of interest in lots for the upcoming auction.  A catalogue can be viewed online at www.paulfoshauctions.com.”

Monmouthshire Country Life - July / August 2008

I am sitting down to write this with a G&T, looking out across farmland in the evening sun, reflecting on what’s happened in the two months since I last wrote and although I’m tired (as ever) it’s too nice to go to bed early, so here we are.  My time.

Life is still going at hundred miles an hour but in a more orderly way I suppose.

The team at the office have been joined by an additional senior member that has been great for me as I’ve started on the mountain of paperwork and hundreds of emails that have been piling up over the last three months that I’ve been on the road. The team is working well, we work late when we put the catalogues together, often ‘til 10pm, and take it in turns to go through any amendments at the printers. Now the catalogue has been printed and although the market is quiet we’ve over 90 lots in the auction which is good for people looking for realistically priced houses in Wales.

And although I may appear chaotic, disorganised and occasionally mad to most people, life is an organised mess and I do like to get things done properly whether that’s making my G&T (ice first, must be cold enough to crack when three fingers of favourite Hendricks is poured over, top up tonic and add quarter of lime) or a cappuccino (third espresso, third milk, third froth, no sprinkles) through to print deadlines for catalogues and completing the building project at home.

Yes, I have moved back home, following our epic 40 week in rented accommodation whilst the extension was built.  And now the cottage is looking good inside there’s the Oak kitchen complete with Aga and outside, now that the scaffolding has gone (thank goodness! I did like my builders but wasn’t so keen that they could see into the bathroom!) it has a traditional pink lime wash.

What? I like pink; it matches my car!  No really I did a lot of research and its one of the most traditional colours for cottages built in the 19th century.  So that’s one big tick on my never-ending list of things to do.

Next, the Buy-to-Lets, following a couple of months of inactivity work is underway on renovating these so hopefully by next issue they will be occupied and working for me.

The dream house? Last year we missed out (by £5,000) when it went to sealed bids, now back on the market I did sneak a look and it’s not how I’d like it, I could go on…..and on.  Mmmm.  Everything has been done differently to how I’d like it; I feel that they’ve ruined the property.  Honestly.  People should be vetted before renovating old houses.  Am I a house snob?  I don’t think so it’s just back to doing things properly.

So yes, more relaxed, in a rushing about, adrenalin seeking kinda way.  My time.

I’m getting better at organising time for me, everything has changed in the twenty years since I started in working in this sector – we used to use an abacus and deal in sheep.  Joke!  With emails requiring instant responses, text messaging and XDA’s giving you a mobile office there is no ‘hiding’ any more.  Work and life blend into one, always accessible, no more ‘details are in the post’ you can fax or email them over. It has its ups and downs but for someone like me who’s so involved in the business I need to make a conscious decision to stop.  Breathe. Eat.

Just for a minute.  Go on then, I’ll have ten minutes, just enough for a double espresso, then the phone rings or I’ll press send / receive!

I still get everything done that I need to (not want to, there is a difference), like spending time at the BASC Wales Game Fair in Usk; always a good day out.  I bought a picture of a local scene by a local artist.  Supporting our local business people and enjoying the picturesque countryside Wales has to offer.  Of course, the Olive stall always gets well supported too!  How did I manage to spend £30 on tapas?

My time.                                          

Paul Fosh is Managing Director of www.paulfoshauctions.com .  Next auction dates are August 28th and October 16th at Park Inn Hotel, Cardiff


So if you're thinking of buying or selling a property at auction, choose the biggest and best in Wales... Paul Fosh.