Auction News!

Recent Success Stories!

One of the many benefits of selling through auction is the properties selling quickly and most often for more than the Guide Price (Starting Bid).

Below are three recent examples of this;

Example 1: The property sold in Gosport, Hampshire had a starting bid of £145,000 and sold for £161,260! It attracted 13 viewings and 4 bids!

Example 2: A property in South Sea Hampshire, sold for double the starting bid! After 30 viewings and 36 bids, what an exceptional result!

Example 3: Another property in Gosport, Hampshire had a starting bid of £195,000 and after 11 viewings and 3 bids, ended up selling for £233,000!

Many of our successful partner agents highlight that the attractive marketing price associated with auction properties typically generates a high level of enquiries. This increased interest often creates valuable opportunities to introduce alternative properties and additional services to prospective buyers.

This month we have also sold many non-typical auction properties, that is, properties that don’t fit into the stereotypical auction mould. However, we can’t stress enough that most, if not all, properties can be sold at auction. It is more about the seller’s wants, needs and unique circumstances that determine that factor, as opposed to the property itself.

Example 4: A characterful Grade II Listed former windmill situated on a generous plot, offering 360 degree views close to Holywell Town Centre. Ideal for unique family living or investment opportunities, this property is move-in ready!

Example 5: A spacious one-bedroom apartment in the characterful Refinery building in central Bristol, and is a great example of how any property can be suited to auction not just stereotypical ‘fixer-uppers.’
Recently refurbished and set within a historic converted sugar refinery, it offers stylish city living in a sought-after location near Temple Meads and Cabot Circus. Strong buyer interest meant the property sold for above the starting bid, demonstrating the competitive demand auctions can generate for quality homes like this.

The property market is still moving, and auction is one of the best ways for your clients to sell quickly, avoid fall throughs, and most often achieve the best price for their property!