Is My Property Suitable For Auction?

There are many different types of property that sell well in the auction scenario. Any property that fits into any of the criterias detailed below should be considered for sale by auction.

Properties for improvement - Properties in need of modernisation or complete refurbishment make ideal lots. They are in great demand especially from trade buyers and private buyers who are keen to undertake a project for their own occupation, resale or open to the letting market. Properties in need of considerable refurbishment are amongst the few properties that often achieve a better price at auction than more traditional methods of sale.

Tenanted Properties - Residential houses and flats currently let on assured short hold tenancy agreements sell extremely well at Auction. If the best buyer for a property is another landlord or investor auction is the best alternative. We regularly see a great number of landlords bidding competitively, without the need for the current owner to evict quality tenants or loose out on valuable pounds of rent during the sale period.

Residential Investments - Houses of multiple occupation and blocks of flats are regularly seen offered under the hammer as valuable investments. Here it is the rent level that determines the sale price, just as much as the capital value of the building itself. Sellers will benefit from the regional high marketing campaign and trusted reputation that comes with the Farrell Heyworth branding encompassed within the certainty of this method of sale.

Development Properties - Derelict or disused farm buildings, vacant commercial premises, or infact any building, irrespective or previous use, that has potential for conversion or change of use can sell well at auction. In some locations the change of use to residential can significantly enhance the value of a property in other situations the plot may allow for additional dwellings or to substantially enlarge the property. The auction scenario allows for the interest to be used to the advantage of the vendor as competition.

Building Land - Land is one commodity of which more cannot be manufactured consequently supply and demand dictates immediate interest as soon as a piece of building land is offered for sale. There is no better way of ensuring that this interest works to the seller’s advantage than to offer it for sale by auction. Builders will be able to consult with architects, planners etc. and be ready to bid up to their maximum in the Auction room. The trade is often surprised by the high prices achieved for land sales in the Auction room, which is great news for sellers.

Mixed Use Properties - Properties that have a variety of uses both currently and in the future will benefit from this method of sale. Commercial property with living accommodation above appeal to both investors and owner-occupiers alike. Further conversion work is often undertaken by the purchaser to be-spoke the property to their specific needs or indeed enhance the value further.

Commercial Investments - Retail shops, offices, industrial units, garage blocks and parking areas are commonly seen with the catalogue. Irrespective as to whether they are to be offered with vacant possession or tenanted, with lease renewal imminent or many years left to run such properties always attract a lot of attention when offered to the market. Our database comprises primarily of developers and investors ready to bid strongly to own such properties.

Unique Properties - Rare entries are a delight for an auctioneer. The opportunity to offer rare entities and sought after properties in prime locations can benefit greatly from the competitive biffing environment. Unexpectedly high prices have regularly been achieved by this route, resulting in an outcome that cannot be challenged by any party concerned.

Amenity Land and Other Property - Surplus property or land such as paddocks, meadows, fields, moorings, city amenity land and other unusual land parcels are often seen under the hammer. Especially if a property proves hard to value – allow it to find its level in the auction room.