Buying property at auction can be an exhilarating experience, full of excitement and potential rewards. Whether you're seeking a bargain for your next home or a lucrative investment opportunity, auctions offer a unique and efficient route to property ownership. In this comprehensive guide, we'll walk you through everything you need to know about buying property at auction, from preparation to the final hammer fall. With the right knowledge and approach, you can navigate the auction process with confidence and secure your
Toby Limerick from Network Auctions debunks some common myths about the world of property auctions.....
Property auctions have long been an exciting and lucrative avenue for both seasoned investors and first-time buyers, and they have only gained in popularity. However, there are still a few lingering misconceptions that might be holding potential buyers and sellers back from taking part. We think it’s time to lay down the facts and dispel some myths about the world of property auctions.
1. “Auctions only feature distressed properties”
One of the most common misconceptions about property
Are you thinking about selling your property but feeling overwhelmed by the traditional selling process? You’re not alone! Many homeowners just like you are discovering the benefits of selling their property at auction. It’s quicker, the sale is legally binding, and you can avoid the endless back-and-forth with potential buyers. Let’s dive into everything you need to know to make the most of this exciting selling option.
Why Sell Your Property at Auction?
Imagine this: your property sells quickly, you get a competitive price, and there’s no chance of the buyer
In Seaton, a leasehold ground-floor flat sold for £70,000. The one-bedroom property at Highclyffe Court in Highcliffe Close is set above Seaton Hole on the Jurassic Coast.
It was auctioned with the remainder of a 999-year lease from January 1986. It had a guide of £65,000 plus.
A parcel of land in Gunnislake in Cornwall has sold for £7,200 at auction. The plot – measuring 0.01 hectares (0.03 acres) – is located next to Gunnislake Health Centre in The Orchard.
Cornwall Council instructed the sale of the land, which had a freehold guide price of just £500.
It was among 165 lots listed in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Auctioneer David Henwood said: “Occasionally these type of parcels of land come for auction.
This is the first auction since November 2022 which has achieved a sale rate of 100% of the lots offered.
The demand for builder’s merchant investments was again in favour at the Acuitus July auction, which followed the successful sales of several Travis Perkins assets under the hammer last year. Considerable interest was shown in two substantial investments in Surrey. The asset at Taylors Hill, Godstone was sold prior to auction, significantly ahead of its pre-auction guide of £2.75m – £2.95m, reflecting a net yield below 7%. The other asset situated on the High Street is currently under
LANGPORT character property has plenty of potential
A Georgian style house with development potential on nearly half an acre near Langport is going under the auctioneer’s gavel. (WED JULY 24)
Chatham House, in the High Street at Curry Rivel, has a freehold guide price of £375,000 plus.
The four-bedroom detached property has a cellar and rear annexe, and sits on a ‘superb grounds’ extending to 0.18 hectares (0.43 acres) with a large mature garden, parking and garage.
It is among 165 lots listed in the latest auction being held by one of the top five property
Cornwall Character property has 12 bedrooms and servants’ quarters
A ‘rather grand’ Victorian detached house set in 1.5 acres near Launceston, Cornwall has a freehold guide price of £560,000 plus at auction. (WED JULY 24)
Yeolmbridge House, at Yeolmbridge, has 12 bedrooms, a dairy and milking parlour, wine cellar, cold store, summer room, a coach house, servants’ quarters, walled gardens and an orchard along with a sweeping private driveway.
Requiring extensive refurbishment, the character property is among 165 lots listed in the latest auction being held by one of the
A high-yielding investment property in Barnstaple, Devon, is being auctioned by Clive Emson Auctioneers with a freehold guide price of £475,000 to £525,000. (WED JULY 24)
Located in the town centre at 87 Boutport Street, the property’s ground floor is currently let out for use as a bar.
Its three upper floors are used as a house of multiple occupancy (HMO) and there is a separate one-bedroom flat to the rear.
Currently fully let, the components of the property together deliver a return of £99,600 per annum.
The property is among 165lots listed in the latest auction being held by one of
This grand Victorian residence inLaunceston, Cornwall, has a guide price of £560,000-plus and is among165 lots listed in the latest auction across England by Clive Emson Auctioneers. There are 10 bedrooms along with two-bedroom servants’ quarters - and the lower ground floor includes a pantry, dairy, wine cellar/cider room, former milking parlour, cold store and store room (lot 8). Auction bidding is live from Monday, July 22, ending 48 hours later.
An engine house building at a former Cornish tin mine, a birdwatching haven and a grand Victorian residence (pictured) –
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