Newcomers to the market Auction Estates posted another impressive set of results at their third sale on 24th May raising £3,204,250 with an 83% success rate.

The company, which was set up last year by former Savills Auction Head Paul Giles, offered a diverse catalogue of residential and commercial lots across the East Midlands and as far afield as Abertillery, Colwyn Bay and Llandudno in Wales.

The Region’sleading auction houses were given a run for their money this week as newcomers Auction Estates posted an impressive set of results at their second sale raising £2,240,000 with a 76% success rate.

The company, which is owned by former Savills Auction Head Paul Giles, offered a diverse catalogue of residential and commercial lots across the East Midlands and as far afield as Torquay, Chippenham and Scarborough.

Newcomers to the market, Auction Estates, posted an impressive set of results at their first sale on 13th December raising £1,714,850 with a 70% success rate.  

Offering a diverse range of residential housing, commercial property and development land, there was plenty of choice for investors with properties based across the East Midlands and as far away as Blackpool, Torquay and Southend-on-Sea.

Known as 'Joint Auctioneers', traditional agents have the ability to enter properties into auction to ensure the best chance of a sale for their clients.

A typical scenario is where a property has been offered for sale on a Private Treaty basis for a number of months without success, often as a result of an abortive deal, conditionality being imposed on a contract or a simple lack of demand. Ultimately, the time has come where the pro-active agent needs to offer a solution for their client to ensure the best chances of a sale.

Read the full article to discover the numerous advantages of selling at auction for the client:-