Property auctions are no longer just for “doer-uppers”

New instructions for auction catalogues have risen steadily in recent months reflecting a clear shift in seller behaviour.

In a market where confidence can fluctuate more vendors are prioritising certainty and a defined timeline over open-ended negotiations.
There is still a perception that auction properties are unmortgageable or in need of major renovation, perhaps due to issues such as a short lease.

That picture no longer reflects reality. Increasingly, vendors who would previously have chosen a traditional estate agency route are opting for auction instead, attracted by the transparency, structure and competitive bidding environment it offers.

STRONG RESULTS

And we’re seeing that shift is translating into strong results. Across August and September 2025, the team achieved an 82% sales rate, with total sales exceeding £19m.

In September alone, sale prices averaged 17% above guide. Importantly, these results are not limited to distressed stock.

Mortgageable, ready to move into homes, the type that would typically sell via an estate agent, are performing particularly well when priced and marketed correctly.

Auctions thrive on realism. Sellers want certainty, and buyers want clarity, so both sides are taking a pragmatic approach.

Daniel Gale is Head of Auctions at First for Auctions

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