What Types of Property Sell at Auction?

So what types of property sell at auction? This is a question we get asked a lot. With over 20 years’ experience in the business this is something Scott is well placed to answer.

Are you wondering what are the parameters, or the criteria that make a good auction property?

Well, very simply, the less mortgageable the property is, the more auctionable it becomes.

So, in layman’s terms, if it’s pretty rough and needs a lot of work, that’s a classic auction property.

It may also be a property that also has an income stream, in which case it becomes more of a financial product and potential investors will be looking at the yield and what sort of return they may get on their cash investment.

So, commercial properties, through to industrial, vacant or occupied, follies, land, woodland, building plots, plots or properties needing planning consent and, as I said, properties that need a little bit of cheering up or TLC.

These types of properties are all classic auction lots and should be coming to the auction rostrum and room first. Not as a second port of call. For these types of properties, auction is the best way to make the most money in a speedy and efficient manner.

Whether you’re an agent or member of the public, if you think your property may do well at auction or, indeed, if you’re not sure, get in touch to find out. We will always let you know if we think a property will sell better through auction or not.