The month recorded 381 registered bidders and 775 registrations of interest. Among the results were a West Drayton house sold for £150,000 above guide, a Reading land sale at £128,000 and two Long Eaton cottages sold together for £252,000. Each offered a different opportunity for buyers prepared to take on improvement or explore development potential.
2 Great Benty, West Drayton
Guide £280,000 | Sold £430,000 | Uplift 54% | View property
A two bedroom semi detached house at 2 Great Benty, West Drayton, sold for £430,000 against a £280,000 guide, an increase of £150,000 or 54%. The auction recorded 106 bids.
The house required internal modernisation and occupied a good sized plot. Buyers had the opportunity to improve the existing accommodation, with scope to consider extension or redevelopment subject to the necessary permissions and consents. Nearby Elizabeth line services at West Drayton station added a useful connection for commuters.
For owners of a house needing work, this is a relevant result: the property was offered in its existing condition, allowing purchasers to assess the refurbishment opportunity and compete for it at auction.
Land at 110 Whitley Street, Reading
Guide £10,000 | Sold £128,000 | Uplift 1,180% | View property
The freehold plot at 110 Whitley Street, Reading, produced October’s standout percentage increase among the verified results. Offered with a £10,000 guide, it sold for £128,000, a rise of £118,000 or 1,180%, following 113 bids.
Situated within a residential area, the vacant land was marketed with potential for development subject to planning permission. Purchasers could investigate the site’s future use, with any development dependent on the required approval.
Land can be difficult to compare with conventional homes because its appeal depends heavily on the site and what a purchaser believes may be possible. Here, the auction provided a public bidding process through which buyers could express that interest.
22 and 24 Elm Avenue, Long Eaton
Guide £120,000 | Sold £252,000 | Uplift 110% | View property
Two period cottages at 22 and 24 Elm Avenue, Long Eaton, were offered together as one lot and sold for £252,000. The result was £132,000 above the £120,000 guide, an increase of 110%, with 81 bids recorded.
Both two bedroom semi detached cottages required renovation and structural repair, and the sale was restricted to cash buyers. Their position near West Park and the opportunity to refurbish the properties gave builders and developers a clearly defined project to assess.
The result offers a useful example for sellers with property requiring substantial work. The cottages were marketed with their condition and cash buyer requirement clearly stated, so purchasers could assess the work involved and decide whether the project suited them.
Thinking about selling your property
October’s featured sales span a house needing modernisation, vacant land and cottages requiring structural repair. If you are considering selling a property with work to do, or a site with potential, we can assess its suitability for auction and discuss the preparation, pricing and likely buyer audience with you.
