Next auction Thursday 15th August 2.30PM
Defying the market.  August auction achieves £2,654,000 in sales with 75% success rate

Defying the market. August auction achieves £2,654,000 in sales with 75% success rate

25 August 2023

In a remarkable display of resilience and adaptability, Auction Estates has once again showcased its prowess in the property auction industry. Despite prevailing market challenges, we are thrilled to announce the successful sale of properties worth an impressive £2,659,000, achieving an exceptional 75% success rate in our latest auction.

A testament to the unwavering dedication of our team and the evolving landscape of property auctions, our recent success has been fuelled by an extraordinary surge in remote bidders hailing from every corner of the country. The digital realm has allowed us to transcend geographical boundaries, connecting us with a broader audience of potential buyers who seek to invest in properties that match their aspirations.

The star lots of this auction proved to be the driving force behind the competitive bidding atmosphere that electrified the room. Thames Street, a sprawling 6,600 sq. ft commercial property, took centre stage as the gavel fell at an impressive £380,000. The spirited bidding war that ensued demonstrated the enduring demand for prime commercial spaces, even in a challenging market climate.

Highlighting the diversity of properties on offer, we successfully sold two ground rent investments, further emphasizing our commitment to providing a wide array of investment opportunities to our discerning clientele. These transactions underscore our ability to navigate the intricacies of the property market while delivering value to both buyers and sellers.

A standout success of the evening was the bungalow nestled in the heart of Radcliffe on Trent. Capturing the essence of comfortable living with a wide variety of potential, this property fetched a remarkable £250,000, underscoring the desire for charming homes in sought-after locations.

As we revel in the achievements of this auction, our focus remains on the future. We are elated to announce that entries are now open for our upcoming auction scheduled for October 26th. The early lineup promises an array of incredibly attractive and rare lots that are set to captivate the imagination of property enthusiasts and investors alike.

Our ability to adapt, innovate, and consistently deliver exceptional results remains the driving force behind Auction Estates' reputation in the market. As we continue to push boundaries and redefine industry standards, we extend our heartfelt gratitude to our clients, bidders, and partners who have contributed to our ongoing success story.

For more information about our upcoming auction or to inquire about the exciting opportunities that await, please visit our website or contact our dedicated team.