Owning one property in the sought after coastal area of Bridport is a dream for many, but with this auction lot going under the hammer at the beginning of December, plucky bidders…

A leading property auctioneer has drawn attention to the tremendous opportunities offered by short-term lets in its latest auction catalogue.

There’s plenty of noise around the auction process, but is it doing well when it comes to lots listed, lots sold and monies exchanged?

The way residential property is sold has changed over the last five years, however, it is probably the auction process that has been modernised more than any other route to sale.

Network Auctions reports that in 2018 they raised £37m and achieved a 78 per cent success rate.

Auctions, a small but distinct part of the resi market, with their own trade association – NAVA Propertymark – currently account for two per cent of residential property transactions, but, says Andrea…

“Network Auctions’ latest London ballroom sale showed that there’s opportunity for value,” says Toby Limbrick, Director, despite the tough market.

Network Auctions sale on 12th July at Grosvenor House Hotel, London, delivered a market beating performance allaying fears of a property market downturn. The sale delivered £8 million.

Network Auctions has reported an 82 per cent sales result, raising £3.4m in its last sale of the year on 7th December, marking a record beating year for the company.

Christie’s estate agents, partner agents with Network Auctions, has listed the First Church of Christ, Scientist, a freehold site of 0.32 acres occupying a prominent position on Cheam Road, Sutton, Surrey.