The first of our two property auctions this March has proven to be another stunning success, with some incredible results for our grateful vendors. In this auction update, we’ll be focusing on how selling at auction can help vendors unlock the value from properties quickly and without the demands of selling on the open market.
With so many changes coming to the property market throughout 2025 and beyond, it’s more important than ever for vendors to consider all their options when deciding to sell a property.
Property auctions have been gaining in popularity in recent years, so it’s no surprise that more and more sellers are approaching the Edward Mellor Auction team to help them achieve a rapid sale.
This is especially true for properties that might otherwise struggle on the open market. These can include tenanted houses and apartments, homes sold at probate, or investment opportunities that require refurbishment before going on for resale or letting.
Edward Mellor has been helping people buy and sell property for over 40 years. As one of the largest and most successful residential and commercial property auctions for the North West and beyond, our expert team have the knowledge and insight to sell any property quickly and efficiently.
With greater numbers of residential buyers, landlords, and commercial investors approaching the auction market, there’s never been a greater demand for auction stock.
Vendors looking to take advantage of the current demand for property can trust our dedicated team to develop a bespoke sales strategy that fully addresses the seller’s motivations and targets the right buyers.
It is this dedication combined with our proven auction process that enables Edward Mellor to consistently deliver unbeatable results.
The ongoing popularity of UK property auctions was recently highlighted by the amazing success of the first of our March sales.
Running from Wednesday the 5th to Thursday the 6th March, the auction drew a lot of attention from dozens of eager bidders. During the course of the event, contracts were exchanged on 26 properties – generating more than £5.1 Million for our grateful sellers.
There are still a few properties available to purchase post-auction. To see our remaining lots, or see some of our impressive auction results for yourself, simply follow the link to our 5th – 6th March auction page below.
We constantly update our auction pages as properties continue to sell post-auction, so be sure to check in regularly if there are any lots that interest you. We also publish our upcoming auction dates on our auction calendar to update clients about all our auction events.
Our latest property auction delivered some fantastic results, including several properties where the vendors had faced issues with selling on the open market.
The examples presented here show how our expert auction team can support sellers during difficult times and achieve sales where others have failed.
With significant changes to rental regulations expected during 2025, many landlords are reevaluating their rental portfolios. Some are deciding to divest some of their assets or even exiting the rental market altogether.
When deciding to sell a tenanted property, landlords must choose between pursuing an eviction order or selling as a tenanted property.
Selling a tenanted property is more common than you might expect, whether on the open market or at auction. However, there can be complications that make the process of selling a tenanted home more difficult than other sales.
These can range from gaining access to the property and arranging viewings to finding the right buyers for a tenanted rental property.
Fortunately, our auction team has developed strong relationships with local buyers who may be interested in expanding their portfolio with a ‘turn-key’ property that can begin generating income right away. Likewise, many savvy local investors are more than willing to buy a property with an aim to renovate as needed and we’re more than happy to assist in finding the right opportunity!
The vendor of this house decided to sell the home to avoid changes in rental legislation that are due to come in later this year.
There was some concern about gaining access to the property to create photos and the assets needed to create a virtual viewing for the auction listing. After several attempts, it was clear that the tenant would not allow us to carry out the work.
Fortunately, this is something we had anticipated and had encountered in the past, so we were prepared to take the property to market with a proven selling strategy.
It was clear that the target buyer for the home was going to be the more experienced landlord, meaning that the price had to reflect that.
We worked with the vendor to agree a reserve of £125,000 on the understanding that if the property didn’t sell for that amount, the price would need to be lowered for the follow-up auction event.
On the day of the auction, 3 Glencastle Road sold for £129,000, which was fantastic news for our seller!
With our tried and tested auction blueprint, we were able to set the property listing live and achieve a sale with contracts exchanging unconditionally in just six weeks. This enabled the seller to divest the property and receive the funds from their sale well before the anticipated changes to rental rules became an issue.
4 Deramore Street was another example of a tenanted property coming to market with a vendor looking to sell before the arrival of the Renters’ Rights Bill later this year.
On this occasion, the tenant originally allowed us access to the property to take marketing pictures and to create a 360 tour, but we were not granted further access for viewings.
This became a problem as there was significant interest in the property, but without viewings the pre-auction offers from experienced landlords were lower than the vendor wanted for the property.
When 4 Deramore Street eventually went to auction, the property failed to hit its reserve price. However, part of the appeal of the auction process is its flexibility and the ability to sell both prior and post auction.
Once the main auction had concluded, our team moved quickly to find a buyer for the property. Within a short time, the vendor accepted an offer of £189,000, just under the advertised reserve price, and was extremely pleased with the outcome.
Auction is often a great option for sellers who have experienced challenges in selling ‘difficult’ properties. These could be ex-rental homes that have been left in poor condition, commercial units that have been empty for some time, or plots that require further development or renovation.
Many auction buyers are experienced investors with a keen eye for lots with the potential to deliver significant future returns.
By marketing properties to the buyers who will see the most value in each listing, our team are experts in selling ‘difficult’ properties where others have failed.
After two years of trying to sell their property, the vendor of 13 Yeadon Road had almost given up hope. They had approached two different estate agents and even another auction house, only to be told time and time again that it was a ‘difficult sale.’
Frustrated but determined, the seller turned to us and we agreed that the tenanted home had a lot of potential and would quickly be snapped up by one of our eager buyers.
We decided to set a guide price of £165,000 to generate interest in the property, which we thought would be of particular interest to local landlords.
As a tenanted home offering an immediate rental income of £1,000 per month with potential to increase to a market rental value of up to £1,400 PCM, we were sure that 13 Yeadon Road held excellent potential to the right buyer.
This was demonstrated perfectly on the day of the auction after a flurry of bids, which led to the home finally selling and setting the vendor’s mind at ease.
By following our expert advice and tailored recommendations, she finally achieved the result they had been waiting for—selling at auction for £185,000! A fantastic outcome after years of setbacks, proving that the right strategy makes all the difference.
Property auctions are often an effective route for vendors selling at probate. Most families understandably want to resolve the emotional burden of selling a home while coming to terms with the loss of a loved one as quickly as possible.
The sale of probate properties at auction can be a simple and effective way to help sellers to dispose of their loved one’s assets quickly. By reducing the time it takes to sell a property from months to weeks, families can instead focus on what is truly important to them.
Furthermore, the funds from the sale can be in the seller’s account in as little as 28 days.
The auction team at Edward Mellor have a proven track record of selling at probate. We understand the emotional and practical challenges that can arise from selling during a difficult time and offer a range of services to help families avoid what could be a highly stressful situation.
We’ll take on the marketing and sale of the property and can even manage the home in the run up to the auction. By assisting with practical steps like home clearance, security and maintenance while we prepare the property for auction, sellers can rest assured that the sale of their probate asset will run as smoothly as possible.
This property was inherited by the vendor following the passing of their mother. Looking for a quick and efficient sale, they opted for auction.
88 Mill Lane represented a fantastic opportunity to acquire a three-bedroom semi-detached property in the desirable Woodley area, and it would attract a lot of attention at auction.
Although in need of modernisation, this property was clearly ideal for buyers looking to add their personal touch or developers seeking their next project.
Listed with a guide price of £140,000, we successfully achieved a final sale price of £193,000 on auction day. The vendor was delighted with the outcome, securing a great result with minimal hassle.
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.
Our next online property auction is set to take place on the 26th – 27th of March, so register today to bid and access legal packs for the properties on offer.
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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