Best type of properties for auctions

We have been buying and selling our own properties and those of our clients for years now and we have drawn up a shortlist of properties that are most likely to do the best in an auction setting. The one on the list that overrides all the others is how motivated the seller is to sell and how keenly they have priced their property to sell.

Properties in bad or tired condition

Expose your property to professionals, amateurs and end-users looking to find a deal right now

Garages, unusual properties such as former water pumps, bunkers, ponds, woodlands, former public conveniences

The auction is a perfect place for creative property and business people to find best use for such unusual properties and determine their true market value through competitive bidding

Land and oddly-shaped plots

Let the market and people willing to put down the deposit decide what it’s worth

Properties where transparent sale is required

Public auctions can be attended by everyone and they are widely advertised so that anyone can offer and purchase the property following the auction process

Properties with a development potential

Expose your property to people who can spot that and know how to navigate through the planning risks

Income generating properties (Buy-to-lets, Houses in Multiple Occupation, Commercial and Semi-commercial property)

These are valued on their investment value and you can have it exposed to a large number of investors at one time

Leasehold properties with short-leases

Normally purchased by cash buyers and savvy investors who are confident enough to take on a lease extension

Most of the properties that can be offered with a very low reserve price

These will generate interest, drive potential buyers into the room and most likely cause a bidding war