Have you thought about going to auction?

This isn’t usually the first market our customers tend to think of when selling a property, but why limit the exposure your property is given?

Without Comprising the Selling Price

We believe comprehensive marketing is the key. With an unrivalled selection of partner agents, coverage is provided by over 50 residential estate agency branches across the region. We are able to offer dynamic and extensive promotion.

No need to compromise the selling price

It’s a fast process and with an acceptance of an offer, the buyer then agrees to a timescale that suits you, giving you the peace of mind of an agreed exchange date.

You’re in control

The most comforting aspect of the auction process is that you are in complete control. You set a reserve price, and the property cannot be sold for a penny below, meaning there is no financial loss for you.

Security

We care about security just as much as you do. The successful buyer places a non-returnable financial deposit, and this is subject to an agreed timescale for completion.

Auction services

We provide a full range of services to help sell your property at auction:

  • Full colour catalogue with wide distribution list.
  • Colour advertising throughout the Tees Valley.
  • Press advertising.
  • Extensive buyer and investor database.
  • Premier auction venues able to accommodate hundreds of buyers.
  • Experienced auctioneer.
  • Dedicated Auction administration team.

Any type of property can be sold at auction, but the following are particularly suited to this type of sale:

  • Property Requiring Renovation.
  • Rare Or Unusual Homes.
  • Commercial And Residential Investments.
  • Vendors Requiring A Reliable And Speedy Sale Process.

Auction entry

We offer two types of auction entry:

  • Option 1 -
    This is the traditional auction where on the fall of the gavel the buyer pays a 10% deposit (subject to a minimum of £3600) and exchanges contracts immediately. The buyer is legally bound to purchase and you as a seller are legally bound to sell. Completion is within 28 days. No ifs or buts.
  • Option 2 -
    This is designed to appeal to the private residential market where on the fall of the gavel the buyer places a £3600 non refundable deposit with the Agents Property Auction and agrees to exchange contracts within 28 days with a further 14 days allowed for completion.

Case Studies

Take a look at some of the properties we have sold at auction:

Property: Dean Well, West Ditchburn
Price Guide: £185,000 +
Sold For: £284,000

SOLD £99,000 OVER GUIDE PRICE

Property Details

A detached bungalow situated just over a mile from the main road, with spacious accommodation now ready for renovation and refurbishment. It is accessed from a council maintained highway and includes roof mounted solar panels. There is a large dining hall, sitting room with open fire, kitchen and utility room plus separate WC. The master bedroom has en-suite bathroom, there are two further bedrooms and family bathroom. Double glazing and night storage heating is included. There are generous gardens and woodland.

Property: Coomassie Road, Blyth
Price Guide: £27,950 +
Sold For: £42,000

SOLD £14,050 OVER GUIDE PRICE

Property Details

Coomassie Road in Blyth. Briefly comprising: Entrance hall, generous lounge and breakfasting kitchen. Three bedrooms to the first floor and refurbished shower room. Benefitting from gas central heating, double glazing and shared yard to the rear. The property is being marketed at a realistic price to attract a quick sale - ideal investment/ starter home, close to local schools and amenities. Early inspection welcome.

Property: Ullswater Road, Chester le Street
Price Guide: £89,950 +
Sold For: £117,500

SOLD £27,550 OVER GUIDE PRICE

A well proportioned three Bedroom semi detached house with Garage and westerly facing back garden. The property requires refurbishment but lies within a very popular residential estate close to town. It has excellent scope for investors and family buyers. Garden Farm is a sought after and established development lying a short distance to the west of the town centre. It is easily accessible to the town where a wide range of shops, schools and amenities are available. Chester-le- Street is an excellent commuter base with good road links.

Auction Schedule for 2021

  • Wednesday 17th February 2021
  • Thursday 25th February 2021
  • Wednesday 31st March 2021
  • Thursday 29th April 2021
  • Thursday 27th May 2021
  • Wednesday 30th June 2021
  • Thursday 29th July 2021
  • Tuesday 31st August 2021
  • Thursday 30th September 2021
  • Thursday 28th October 2021
  • Tuesday 30th November 2021
  • Thursday 16th December 2021