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Property auctions can be a great place to pick up a 'bargain', whether you are looking for a home or an investment.

As well as being a quick and relatively hassle free way to buy a home, no driving around viewing endless houses, no negotiations, and no last minute fall through if the house sellers get a better offer, the auction process is easy. You simply look through the auction catalogue, find a property you like, arrange a viewing and do some research, and show up prepared on auction day.

However, buying at a property auction does require careful planning. Thousands of properties are sold

A luxury apartment in one of London’s most expensive squares where flats sell for £30million, is going to auction with a guide price of just £90,000.

The two-bedroom, two-bathroom property is in Eaton Square, which has been home to billionaires, politicians and celebrities over the years.

But while the average price of an apartment sold at the Belgravia address is more than £7 million this year, this pad is expected to sell for less than half the average home in England.

So whoever buys the flat will have to either permanently leave at the end of June 2018 or pay the freeholder, the Duke of

SDL Bigwood’s May auction got off to a flying start when the very first lot sold for 220 per cent of its guide price.

The Cottage, Spirehouse Lane, in Blackwell near Bromsgrove achieved £275,000 from a guide price of £125,000.

Gurpreet Bassi, partner and head of auctions Midlands, said that set the tone for the day in the 124 auction that totalled just under £9.2 million with a success rate of 85 per cent.

The auction saw 100 per cent of lots offered on behalf of Birmingham City Council sold and the story was the same for all of the lots offered on behalf of Solihull Metropolitan Borough

The main advantage of buying a property at auction is that you avoid the lengthy process of buying a house in the traditional way. At auction, the process happens in a matter of minutes rather than months and when the hammer falls, you own the property.

The other many benefits of buying property at auction are listed below. If these don't convince you, nothing will!
 

Low prices

Auctions really do offer the chance to secure property at bargain prices. Thousands of properties are sold at auction in the UK every year - and many are hard to value, meaning they often sell at below market value

A large apartment block will be auctioned in Derby early next month, along with dozens of houses, commercial property and prime land for development across the Midlands.

Spinney Lodge at Fauld Camp, Fauld, Tutbury near Burton on Trent is currently the largest property scheduled for the SDL Auctions Graham Penny Derbyshire auction on Thursday 8th June.

Spinney Lodge is a substantial, purpose-built apartment block currently containing five one-bedroomed and three two-bedroomed self-contained flats, with a *guide price of £395,000+.

The detached freehold property is in the small rural village of

Award-winning national property auctioneer Auction House has announced sales figures for the first quarter of this year which precisely match the record results achieved during the same period in 2016.

By the time the hammer came down in its final March auction of 2017, the group had sold a total of 701 properties - exactly equalling the total sold in the first quarter of last year, when the market was surging in advance of the additional 3% Stamp Duty for landlords and second-home buyers, which came into effect in April.

Commenting on the figures, Auction Manage Claire Blezard said: “Not only

AUCTION FINANCE is a great way for property developers to secure a below-market-value property, often from a motivated seller. It could even be suitable for first-time developers too, if you’ve got the right expectations from the beginning.

Putting up your hand and bidding on a property worth hundreds of thousands of pounds is a daunting prospect, even for experienced auction-goers. If you make the winning bid, you'll usually have to pay a non-refundable deposit on the day, and you'll have 28 days to pay the balance.

That means that the timeframe for auctions is much shorter than the

Award-winning property auctioneer Auction House is putting its increasing success rates down to its network of 40 regional sales rooms around the UK, each of which supports its own local area.

The group’s sales figures for April 2017 indicate a 74% success rate – a 2% jump compared to the same period last year – despite additional levels of uncertainty caused by Brexit and the forthcoming General Election.

Auction House Founding Director Roger Lake said: “Our 40 conveniently-located auction rooms around the country mean we attract bigger than average audiences compared to other auctioneers

In Romans' May auction catalogue they have got the widest geographic range of properties we have seen for a long time. With land, garages and many habitable properties across Hampshire, Berkshire, Buckinghamshire and Surrey, the Romans auction team expect to see a mixture of property investors and hopeful homeowners.

The auction will take place at 1:30pm Wednesday 17th May at Green Park Conference Centre.

Romans Auctioneer and Director, Simon Clayton comments: “With such a wide range of properties on offer, I am expecting a mixture of those searching for owner occupied properties and savvy

The director of one of the country’s most respected land brokers is calling on planners, architects and builders to increase the amount of site sharing on new construction land across the UK.

Charles Hesse from Aston Mead Land & Planning says the idea of putting similar companies and organisations together on the same site would increase the amount of brownfield land available in town and village centres.

He explains: “Brownfield sites are the holy grail of new-build construction. Their accessible and central locations make them highly desirable, but they are often in short supply because