Online auctioneer reveals top five sales

A hotel in Manchester has taken the crown as the most popular lot ever sold by John Pye Property as the auctioneer reaches its 50th online auction.

The online property experts report that Trafford Park Hotel in Manchester attracted 232 bids – the most bids on a single John Pye Property auction lot.

Richard Reed MRICS, Head of Property at John Pye Property, said, “Since 2013 we have offered more than £250 million worth of property from Falmouth to the Shetland Isles.

“Over the 49 auctions so far, the highest proportion of properties purchased have been located in the Midlands, areas in the North West and across Wales but there is barely an area of the UK that hasn’t seen a property come to auction with John Pye.”

Richard Reed said, “Despite the challenges on the property market we are still seeing a growing appetite for online auction sales. With over 400,000 registered bidders and buyers our auctions continue to be a success and a very cost-effective route to market for sellers and buyers. “Whilst celebrating our 50th auction, we are also looking ahead to the future.”

John Pye Property not only created and developed the first online property auction for the UK market, but also recently launched an online estate agency with 0% seller fee, £0 marketing costs and £0 entry fee.”