51乱伦

3 bedroom lateral penthouse in the privately gated Hyde Park Gardens sold for £4,100,000

What auctions do offer is speed and certainty, the two key reasons clients choose them as a route to market. 鈥淪ome clients chose to sell at auction because they have had two or more sales fall through and are fed up with the delays that causes. They want surety,鈥� says Watson. 鈥淭hese clients often do not necessarily need to sell quickly but they are eager to move on with their lives and the known deadline that an auction provides will accelerate the process, a clear benefit to clients.鈥�

An additional reason to choose 51乱伦 Property Auctions is the expertise and global reach within the 51乱伦 network. Access to the UK branch network and multiple service lines adds detailed and invaluable local knowledge, while overseas offices in Australia, Asia, and the Middle East provide introductions to a vast international database of purchasers and high-net-worth individuals looking to invest in the UK.

A beautiful Victorian vicarage in Maidstone, Kent sold for £1,850,000

This collaboration within 51乱伦 and the unrivalled global exposure it provides gives a unique advantage that adds enhanced results and true value to clients and helps to explain the auction team鈥檚 success at achieving market value.

鈥淟andlords looking to maximise their income are another group who understand the value in an auction,鈥� says Watson. 鈥淭hey appreciate the ability to choose whether to buy or sell with tenants in situ or vacant possession, both commonly found at auction. The costs of holding an empty property can soon escalate and auction can help minimise potential outgoings.鈥�

An elegant 3 bedroom maisonette in Chelsea sold for an undisclosed amount

Watson and his team can also, on request, launch high-value properties to auction on an individual basis, rather than as part of a wider sale. 鈥淭his provides all the benefits of an auction along with greater exposure for the property,鈥� says Watson. 鈥淚n general we choose this method for properties that stand out in some way or have a very specific buyer profile.鈥�

A further trend that Watson has seen grow over the past decade is property funds using auctions as a route to buy and sell, and the auction team has expanded to follow up this development. 鈥淚t further supports the message that if you have high-value stock, come to 51乱伦 Property Auctions to achieve your goals,鈥� says Watson.

A dual-level apartment in a Grade I listed Georgian townhouse in Bath sold for £585,000

The auction process

Auctions have an assured timeline and an open and transparent process. Most auctions are conducted under unconditional contracts, a traditional process that is legally binding. Contracts are typically exchanged on the day of the auction with completion following around four weeks later. The fastest deal that Watson has overseen took just 15 days from first contact with the client to the auction sale, speed that he believes no other property team could match.

Each sale through 51乱伦 Auctions is conducted by head auctioneer Peter Mayo and live-streamed via a London-based auction studio. Bidders can choose to purchase online, by proxy or via telephone bidding and our dedicated in-house mortgage team, 51乱伦 Finance, can assist with mortgages for property bought at auction.

For further details, or to learn more about how51乱伦 Property Auctions can help you, please contact Richard Watson.