The Sunday Times
Monday March 25, 2019

What property types sell best at auction?

Asked on Jul 29 2013, Selling in Beccles | Report content

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  • Sale by auction can often be more relevant, efficient and practical than selling by private treaty or formal tender. Non conditional auction provides speed and a higher degree of certainty with binding contracts at the fall of the hammer and completion typically within 28 days. • Tenanted property – single AST, HMO and portfolios • Mixed use – commercial units with part residential • Park Homes – residential mobile homes and holiday homes • Development property – with or without planning consent • Development land – with or without planning consent • Amenity land – paddocks, woodland etc • Ground rents – the freehold or leasehold of properties • Commercial – vacant or tenanted • Quick sale / forced sale – time pressured sales

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    Answered on Jul 29 2013, Report content
  • Typically properties that are of the "everyday variety" do not sell that well. Ones that are unique or in need of modernization tend to get more interest. Typically 70-75% of all auction lots find a buyer so it's best to take advice from the auction house as to whether your property is suitable.

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    Answered on Aug 4 2013, Report content
  • The best sellers at auction tend to be unmodernised properties in popular areas, they'll often sell for more at auction than a private treaty (estate agent) sale.

    Answered on Apr 7 2017, Report content

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