East Midlands Property Auction

Sell by Auction holds monthly property sales every year across Leicester, Loughborough, Derbyshire, Coventry and Northampton.

We value and sell a varied mix of lots all over these East Midlands City centres, University towns, villages, rural and farming areas. Properties sold include residential, commercial, agricultural and land assets.

Our local auctions specialise in auctioneering local property to local buyers who pay the best prices as either the end user or future home owner or occupier. Unlike many other auction houses who sell out of area property to trade buyers who are looking to buy to sell for a profit.

Property trading is common in London auctions where out of area property is sold to a trade buyer. The trader will then re-sell the property in our regional auction rooms for a profit. Local house hunters may not be aware of a property being sold so far away in London. Or simply haven’t the time or money to travel to London. Let alone the risks of wasting time and money if they are not the winning bidder.

If you have a property to sell in the East Midlands get in touch with our valuations team for a free no obligation expert valuation and selling by auction advice. Sell to and end user and not a trade buyer to get the best price. Arrange to speak with our surveyors here.

What is a Guide Price and reserve price?

The guide price is the advertised figure that gives potential buyers an indication of where the bidding will start. A guide price is not a valuation, asking price or buy it now price like on eBay. The end selling price of any property in an auction can be lower than, higher than or the same as the guide price.

Sell by auction will recommend a reserve price. The reserve price is based on the level of interest shown, offers made prior, the number of viewings, whether there are any telephone and proxy bid and all sorts of additional information we gather during the marketing period.

A reserve price is undisclosed to the public; it cannot be higher than 10% above the Guide Price to comply with recent legislation. It is the lowest figure the auctioneers can sell for under the hammer. If bidding does not meet the reserve price the lot will be withdrawn as unsold. Our expert opinion on setting the reserve price maximises your chance of selling. Read our list of frequently asked questions (FAQ’s) here.

Auction sold prices East Midlands

Sell by Auction is the auction market leader all over the East Midlands. We publish our most recent sold prices here. We detail the property sold, guide price, sold price achieved and seller’s reasons for choosing to sell by auction.

Request a callback today for more details click here.


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