As we continue our focus on online auctions, we’re happy to announce that our July online auction was the largest to date – with a total of 135 lots on offer, ranging from residential properties to commercial shops and plenty in between.
With a successful sale rate of 75%, our largest online auction was also one of our most successful, with a total of £17.5 million in sales. This is a positive sign for both buyers and sellers, signalling that property auctions still prove a popular option despite the move to online.
Here’s a rundown of some of the most popular lots that were sold last month:
Comfy cottage by the canal
This comfy little cottage located between Romney and Hythe proved popular at auction, particularly due to its location – as it’s situated both near town, the seafront and the Hythe Canal. The property sold for £124,000 and while the cottage is still in need of some improvement and modernisation, we can’t wait to see what the buyers do with it!
Detached bungalow on large plot
We’ve seen a rising interest in property that also comes with additional land which can be used for development, so it’s no surprise that this bungalow with an extensive plot and array of outbuildings sold last month for £146,001. With potential for a residential development in particular, our lucky buyer has plenty of options of how to make this property and land a worthwhile investment.
Outstanding detached house
Those of you that read our July Auction Highlights piece would know that we were already big fans of this particular property even before auction day. A stunning detached house that comes with an acre of land, we knew the lot would prove popular. It sold for a grand total of £550,000 on the day – congratulations to the buyer!
Former bank with development potential
While plenty of our lots in July were residential focused, a large portion were also commercial based, such as this former Natwest bank that went to auction last month.
Composed of the bank building itself, as well as an additional building and car park, the lot would make a great investment for a budding investor’s next commercial venture. The lot sold for £268,000 and we’re excited to see what the former bank will become in the future.
Two bedroom chalet in Camber Sands
With the current situation around the world making travelling abroad difficult, many of us are looking to take our holidays closer to home. With this lot of a two bedroom chalet in sunny Camber Sands, the option to own a little holiday home by the sea was an appealing offer for many of our buyers on auction day.
The chalet sold for £25,550 – let’s just hope the weather is nice on the first trip to the holiday home for our buyer!
Register for our next auction
Our next online auction will be taking place on the 23rd September.
If you’re looking to sell, there’s still time to include your property or a piece of land in the auction. The deadline for applications is the 1st of September, so please do get in contact to organise an auction appraisal.
For buyers, the auction catalogue for September will be available shortly after the deadline for sellers. If you haven’t previously registered with us before, you’ll be able to do so from our online registration page. To keep up to date with when it goes live, as well as other important updates, we recommend following our regularly updated Facebook and Twitter pages.
Stay safe, and we hope to see all of you at our September auction!