What Is A Property Auction?

Properties sold at Property Auctions are usually repossessed homes then sold by banks at auction (at a lower cost).

Property auctions can provide the ideal environment in which to buy and sell property.

Buying at auction

Whether you’re looking to buy your first home or you’re taking your next step on the property ladder, considering an auction purchase could be a wise move. From one-bed apartments to listed buildings, we have a wide variety of property types included in our sales.

Many properties coming to auction can be more competitively priced than the open market offering a significant opportunity to purchase the property you want at a discount. As well as the potential to save thousands of pounds, the speed at which you can secure your desired property is much faster than that often experienced with a traditional purchase.

Selling at auction

Whatever type of property you are looking to sell, a property auction could provide the ideal solution for a quick and simple sale. As well as the potential to bypass the lengthy process of finding a buyer, your transaction will progress at speed and there are no chains.Investing at auction

In recent years many individuals have capitalised on the benefits of buying investment property at auction. With financial returns in mind, investors will be keen to secure property at sensible pricing and auctions provide the ideal environment in which to do so.

Types of property that suit an auction sales method include:

  • Vacant or tenanted residential and commercial properties.
  • Chain free properties
  • Redevelopment opportunities
  • Repossession probates
  • Properties in need of refurbishment or modernisation
  • Land
  • Quirky/ unusual property types