31st January 2025
January Property Auction: A Look at the Results
Town and Country’s January Auction proved to be another successful national online auction with over circa £8.1m in properties sold.
Over the course of the month, we listed a range of properties, including residential homes, commercial buildings, and vacant land across the UK.
The auction garnered significant attention from buyers across the country, eager to participate in the highly competitive bidding process. The allure of the properties on offer, resulted in a fierce competition among potential buyers.
Auction Highlights
A total of 47 bids were placed on this three bedroom cottage in need of full renovation on the Isle Of Wight. The property achieved £43,000 over the guide price.
The South Wales auction featured a property with a Guide Price of £1,000 and No Reserve price. The property achieved 33 bids and sold for £35,000.
A rare development opportunity was offered in the Cheshire auction. A large country house suitable for redevelopment, sold as an incomplete building project and was purchased prior to the auction.
The London auction offered a spacious apartment set in a popular art deco building, comprising one large double bedroom, reception/dining room, separate kitchen and bathroom. The property was snapped up by a buyer prior to the auction.
The Manchester auction featured a unique substantial detached family home situated in a private cul-de sac of three homes in the popular area of Denton. The property sold prior to the auction.
A 6 bedroom HMO was sold in our North East auction, offering a fantastic investment opportunity to buyers.
We saw competitive bidding on this investment opportunity, producing 12% yield at the guide price. A total of 28 bids were placed achieving a sold price of £85,000.
This property was purchased post auction for £137,500. A three bedroom semi detached requiring refurbishment.
A spacious double bedroom flat in the centre of Aberdeen was sold prior to the Scotland auction.
The South West Auction featured an architecturally stunning grade 2 listed detached four/five bedroom house with attached one bedroom annexe in a lovely hidden location. The property sold prior to the auction for £260,000.
Buy in Our Next Auction
If you’re interested in buying a property, we invite you to get in touch with our team. Our next online property auction is scheduled for the 26th of February, and we’re always available to assist with any questions or enquiries you may have.
Sell in Our Next Auction
Entries are already being invited for our February Auction. Taking place on Wednesday the 26th of February. If you’re looking to sell your property by auction, get in touch with the Town & Country team below.
- Author: Lloyd Marsden
- Categories: Buying at Auction