Our March 2026 Spring Property Auction delivered another strong set of results, once again demonstrating how auction can succeed where traditional sales have struggled.
For vendors who had experienced a collapsed chain, encountered survey complications, or were trying to sell properties requiring renovation or building work, auction provided a fast and reliable route to sale.
By bringing committed buyers to the table and securing exchange within a fixed timeframe, sellers benefited from the speed and certainty that isn’t always possible on the open market.
Whether buyers were searching for their next home or investors were looking for properties with potential, the auction environment created the perfect setting to connect motivated sellers with serious purchasers.
We understand that selling a property is about more than just the final price. The structured nature of auction provides reassurance and clarity from the outset, including a defined completion date and a straightforward sales process.
From the initial valuation and marketing through to the final fall of the hammer and completion, our experienced auction team supported clients at every stage, ensuring the process remained smooth and efficient throughout.
Our next Auction is closer than you might think, with our second Auction of the month going live from the 25th-26th March.
If you’re considering selling in 2026, get in touch for a free, no-obligation valuation. Our team would be delighted to discuss whether auction could be the right option for you.
Our March 2026 Online Spring Property Auction delivered another strong performance, drawing in serious buyers and generating competitive bidding across a diverse range of residential, commercial, and development opportunities.
Our Auction team has sold 32 lots so far, achieving a 57% success rate and raising over £4.7 million for our clients.
These results demonstrate the continued strength of the auction market and highlight how effective the auction method can be for selling properties of all types – including those that may present challenges on the open market due to condition, complexity, or mortgageability.
March’s results once again underline why many sellers choose auction as a fast, transparent, and reliable route to sale, providing certainty for vendors and genuine opportunities for buyers.
This property had unfortunately been standing empty for several years after the owner moved into long-term care and had no immediate family to manage the sale. Our clients were granted Deputyship for the seller, a process that had taken three years to obtain, during which time the house had begun to deteriorate.
Once authority was secured, the priority was clear – to achieve a quick and certain sale that would allow care home fees to be paid while preventing the property’s condition from worsening further.
Following our tried-and-tested auction blueprint, we implemented a strategic pricing approach, setting a starting bid of £50,000 with a reserve of £51,000. From experience, we know that once the “reserve met” indicator appears during bidding, buyers gain confidence that the property is genuinely available to purchase, often encouraging stronger competition.
The strategy delivered exactly the result the client needed. The property was listed on 12th February, contracts were exchanged on 5th March, and completion is scheduled for 2nd April – meaning the entire process will have taken just seven weeks from start to finish.
A swift, secure sale that provided certainty for the client and ensured the property could move on to its next chapter.
Lot 35 was introduced to us by a partner agent who had previously been marketing the property on the open market for around 12 months. During that time, two agreed sales unfortunately fell through, and buyer interest had started to decline.
Following a change in the vendor’s circumstances, they no longer had the time to relist the property and wait for another buyer to progress through the traditional conveyancing process. With time becoming a key factor, the partner agent approached us just one week before the auction to explore whether we could help secure a faster, more certain sale.
Despite the tight timeframe – which can limit marketing exposure and the time available for buyers to complete their due diligence – we moved quickly to position the property in the auction and generate competitive bidding from motivated buyers.
The property entered the auction with a guide price of £540,000 and ultimately sold for £596,000. With a 28-day completion, the vendor will achieve a full sale in approximately five weeks from instruction to completion, while still securing a strong price.
Another excellent example of how the auction route can deliver speed, certainty and competitive pricing, even when time is extremely limited.
The vendor contacted our auction team after their tenant had moved out of the property. Upon inspection, it became clear that significant renovation work was required throughout before the property could be re-let or successfully sold on the open market.
Due to other work commitments, the vendor did not have the time to oversee the necessary refurbishment, and the cost of completing the works would have been considerable. As a result, they decided that selling the property in its current condition would be the most practical and efficient solution.
Auction provided the ideal route – offering a quick, secure sale with no renegotiation, immediate exchange of contracts and a 10% deposit paid on the day the offer is accepted.
We launched the property with a guide price of £115,000 and a reserve of £125,000, and within just 14 days of marketing, strong demand had already developed. We received six pre-auction offers, five of which were at or above the reserve price, giving us confidence that competitive bidding would push the price further once the auction went live.
On auction day, the competition delivered an excellent result, with the virtual hammer falling at £152,000. With completion set for just 28 days later, the vendor achieved a fast, certain sale without the need to undertake any renovation work.
The vendors originally purchased this parcel of land with plans to develop it themselves and successfully secured planning permission for the construction of two semi-detached houses. However, after careful consideration, they decided that rather than proceed with the build, the best option would be to sell the site and allow another developer to take the project forward.
With a clear development opportunity already in place, auction provided an ideal route to expose the site to a wide pool of investors and developers, while also giving the vendors certainty around both price and timescale.
The land was therefore offered in the auction with a reserve price of £190,000, where it generated strong interest from potential buyers looking for ready-to-go development opportunities.
On the day, the property successfully sold for the full reserve price of £190,000, delivering the result the vendors had hoped for. Both parties were delighted with the outcome — the sellers achieved their target price, while the buyer secured an exciting development opportunity with planning already in place.
After being tenanted for over 20 years, the property was left in poor condition once the tenant moved out. The owner initially considered carrying out a full refurbishment before selling, however this would have meant five to six months of work while the property remained vacant.
After sitting down with the client and reviewing the figures together, it became clear that selling through auction in its current condition would remove the stress, cost and delay associated with undertaking the renovation works.
We entered the property into auction with a guide price of £115,000 and a reserve of £133,000. The opportunity attracted strong interest from buyers looking for a refurbishment project, creating competitive bidding once the auction went live.
The result exceeded all expectations, with the property selling for £172,000 – more than £40,000 above the reserve price. The seller was delighted, ultimately achieving a greater profit than if they had carried out the refurbishment themselves, while avoiding the time, cost and uncertainty of completing the work.
If you’re thinking about buying or selling at auction – or would simply like to learn more about how the process works – our experienced auction team is ready to help.
Edward Mellor is a leading national property auction house and the only local organisation to offer auction, estate agency, and financial services all under one roof, providing a complete service for buyers and sellers alike.
Our next Online Property Auction takes place on 25th-26th March, and registration to bid is now open.
If you’re considering selling, you can arrange a free, no-obligation property appraisal with one of our auction specialists to discuss whether auction could be the right route for you.
No matter the property type, our expertise in auction sales can help you achieve a competitive price with the added certainty of a fixed 28-day completion timeframe. Get in touch today to see how we can help.
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