Demand for property remains high going into 2025, with the number of auction lots peaking in Q3 2024 and volumes of sales in England increasing between 2019 and 2024.
Despite the impact of the COVID-19 pandemic on the property market, sale prices have also largely followed an upward trajectory within the auction industry, although some regions (such as East Anglia) have witnessed a growing gap between house sales and average sale prices.
Conversely, the North West has emerged as one of the property industry’s strongest markets, with a record number of lots sold during Q3 2024 and consistently healthy sale prices.*
With so much momentum heading into 2025, it promises to be an exciting year for both buyers and property vendors inside the auction market.
The first Edward Mellor online property auction of 2025 is set to be a lively event with over 70 lots up for grabs.
Property auctions generally offer an eclectic mix of lots for sale and our January sale certainly continues this tradition. This month’s auction includes a good selection of residential properties and apartments, offering attractive opportunities for both first-time buyers and buy-to-let investors.
There are also several commercial properties and development plots for sale, which could be ideal for investors or potential developers. Our January Auction will run from 22nd January to 23rd January 2025, so be sure to register to bid in good time to avoid disappointment. If you’d like to see the available lots ahead of the auction and view their respective legal packs, you’ll find everything you need on the link below.
To help get you inspired, we’re proud to highlight several of the lots that will be appearing in this month’s auction. If any of these properties interest you, make sure you register to bid and take a look at the rest of our portfolio right away.
This cosy two-bedroom end-terrace property offers a spacious living room, kitchen, and bathroom on the ground floor, with two double bedrooms upstairs. A truly standout feature is its rear “secret garden,” accessed via a right-of-way pathway. This generously sized outdoor space holds great potential as a charming private garden.
The property itself represents an excellent opportunity for both buy-to-let (BTL) investors and first-time buyers (FTB) looking to purchase their first home.
The lot will be sold with vacant possession and rental values for similar properties in the area are estimated between £1,000 and £1,100 per month. Bidding starts at £140,000. Lot number TBC.
Find out more by viewing the full listing on the link below.
This lot represents an excellent opportunity for investors to grow their property portfolios.
It is a prominent freehold mid-terrace property boasting excellent visibility from London Road. It is sold as one freehold offering two separate commercial units, one of which is currently vacant.
This gives the property fantastic potential as either two income-generating commercial units or for conversion into a combined commercial and residential investment subject to planning permission.
The upper floor of the freehold has been sold off on a long lease. The leaseholder will pay peppercorn ground rent and service to the freeholder of 241 – 245.
Potential rental values in the area are in the region of £1,350 per month.
The lot number for this property has yet to be confirmed. Bidding will start at £94,000.
To find out more about the property or register to bid, visit the full listing on the link below.
This lot offers an excellent opportunity to acquire two freehold development plots with full planning permission for the construction of two stylish bungalows in a sought-after area.
Located in a highly desirable residential area, the plots are within easy reach of Bedlington town centre, offering a variety of shops, cafes, and local amenities. The area is well-connected, with excellent transport links providing easy access to Newcastle, Morpeth, and surrounding towns, making it a prime location for development.
This is a prime investment opportunity for the right buyer and is not to be missed.
Lot number TBC. Bidding starts at £50,000. For further details and to register to bid, visit the full listing below.
Land at 33 Augustus Drive and 32 Centurian Way
If you are looking to sell your property at auction, speak to our auction experts today. Edward Mellor is a leading national property auction house and the only local organisation that combines auction, estate agency, and financial services under one roof.
It’s too late to submit your property for sale in our January auction, but there is still time to sell at our February 12th – 13th Auction.
You can also find out when our upcoming property auctions will take place throughout the year by visiting our auction calendar.
If you would like to find out more about selling at auction or how to register to bid, please do not hesitate to contact the auction team on 0161 464 7903 or email [email protected].
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*All data from EIG Property Auction Insights December 2024