Our September Property Auction marked the start of the autumn auction season with another exciting selection of property opportunities and plenty of interest from motivated buyers.
Taking place online across 9th–10th September, the auction featured a varied catalogue of residential homes, buy-to-let investments, renovation projects, commercial properties and development opportunities. With lots appealing to homeowners, landlords, investors and developers alike, the event gave buyers the opportunity to secure their next property as the autumn market got underway.
For sellers, auction provided a fast and structured route to securing a sale. Competitive bidding helped build momentum around individual lots, while the auction process offered vendors greater certainty, with contracts exchanged when the hammer fell and completion working to an agreed timescale.
This certainty can be particularly valuable for sellers looking to avoid lengthy negotiations, reduce the risk of a sale falling through and move forward with their plans as quickly as possible.
Our September online property auction saw 36 lots sold, achieving a 55% conversion rate and a total sales value of £5.7 million across a diverse collection of properties.
These results demonstrate the level of opportunity auction can create when motivated buyers compete for well-positioned properties, from affordable renovation projects through to family homes and investment opportunities.
The September auction provided a strong start to the autumn season, with successful sales secured both before the auction began and when bidding went live.
Whether you are considering selling a property, looking to expand your investment portfolio or searching for your next project, our experienced auction team can guide you through every stage of the process.
Ready to make your next property move?
Our next online property auction takes place from 30th September–1st October 2026, offering another opportunity for buyers and sellers to take advantage of the autumn property market.
Get in touch with Edward Mellor today to find out how our next property auction could help you achieve your property goals.
The sale of Milnthorpe Street came about following an inheritance, with the family facing a particularly complicated situation. There was no will in place, family relationships were difficult, and a considerable amount of administration needed to be completed before the property could be sold.
The property itself was also in poor condition and needed significant work, so finding the right route to market was important.
Once the legal and administrative side had been dealt with, auction offered a clear way forward. Given the condition of the property, it was well suited to buyers looking for a renovation project, and the aim was to create as much competition as possible around the lot.
The property was launched with a guide price of £1,000, which immediately attracted attention and encouraged strong interest from bidders.
That interest continued into the auction, with competitive bidding eventually taking the final sale price to an impressive £148,000.
For the family, this brought a complicated property matter to a successful conclusion. It also shows how auction can work particularly well for inherited properties or homes in need of substantial improvement, where attracting the right buyers and creating competition can make a real difference to the final result.
The owners of 41 Friendship Avenue came to us following an amicable separation, with both parties needing to release the money tied up in the property so they could move forward with their own plans.
In this situation, having a clear timescale and greater certainty around the sale was especially important. For that reason, auction was recommended as a suitable route, giving both sellers a structured process and a defined point at which the property could be sold.
The property was brought to market with a starting bid of £115,000 and a reserve of £129,000, giving buyers an attractive entry point while still protecting the sellers’ minimum figure.
The strategy worked well, with interest building and bidders competing for the property once the auction got underway.
It eventually sold for £157,000, comfortably above the reserve price.
For the sellers, the result meant they were able to move forward with more certainty and with a stronger result than the minimum they had agreed. It is a good example of how auction can be particularly useful when a sale needs to be both straightforward and time-sensitive.
When the vendor of 8–10 Bank Street first approached us, the property was completely vacant and in need of full renovation. She had never sold through auction before, so understandably had some reservations about whether it would be the right route for her.
Getting the best possible price mattered a great deal, not just financially but because the outcome of the sale was important to her family’s plans for the future.
After talking through the options, she decided to trust the auction strategy and take the property to market with a guide price of £89,000.
The response was excellent. The property attracted 31 viewings, a high level of buyer interest and several offers before the auction had even taken place.
One of those offers came in at £50,000 above the reserve price, which was understandably very tempting. It was already more than the vendor had expected to achieve.
However, the level of interest suggested there could still be more value in allowing the property to go through to the auction itself. We advised the vendor to let the competition continue rather than accepting the early offer.
She trusted that advice and decided to see the process through.
That decision paid off, with the property eventually selling for £183,000 – £94,000 above the guide price.
For a vendor who had been unsure about auction at the beginning, it was a fantastic result. More importantly, it shows the value of getting the pricing and marketing right from the start, building genuine buyer interest and knowing when to let that competition play out.
The owner of 74 Windermere was an existing Edward Mellor client who came to us looking to sell a property with structural issues.
Understandably, he wanted to make sure the property achieved the strongest possible price and initially had a higher reserve figure in mind. However, after discussing the auction strategy with Austin, he agreed to follow his recommendation on where the property should be guided and how the reserve should be set.
The aim was to position the property at a level that would attract plenty of buyer interest while still protecting the seller’s minimum figure.
That strategy proved successful. Despite the structural issues, interest built around the property and competitive bidding helped drive the price upwards once the auction got underway.
The property eventually sold for more than £30,000 above its reserve price, achieving a result that was also over £30,000 higher than the figure the seller had originally hoped to achieve.
For the seller, trusting the recommended guide and reserve strategy ultimately resulted in a significantly stronger outcome. It is a good example of how carefully positioning an auction property can encourage competition and help maximise the final sale price, even when the property comes with additional challenges.
If you’re considering buying or selling at auction – or simply want to understand how the process works – our experienced auction team is here to help.
Edward Mellor is a leading national property auction house and the only local organisation to specialise in auction, estate agency, and financial services under one roof.
Our next online property auction will take place on 30th September – 1st October, and registration to bid is now open.
If you’re thinking of selling, why not arrange a free, no-obligation property appraisal with one of our specialists?
Whatever the property type, our expertise in auction sales means we can help you achieve a competitive price within a fixed 28-day completion timescale. Get in touch today to find out how we can help.
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