London houses selling at auction in February 2017 for less than £300,000
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Can you really buy a house in London for less than £300,000? We’ve reviewed the upcoming London property auction listings for properties available on the cheap…
By Mark Grantham – 6th February 2017
According to Zoopla’s market activity report (they call it the Zed-Index); the current average value for a London property is a staggering £656,323. And in the last 12 months prices have increased by an average of £17,762. The breakdown of average prices by property type is listed below:
Flats: £535,780
Terraced houses: £699,547
Semi-detached: £717,805
Detached: £1,196,317
But if you look carefully and with a bit of luck you can still pick up a freehold house for less than £300,000. They’ll usually need a bit of TLC, but they do exist.
A note on guide prices: Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Stratford property selling at auction
13 Elmgreen Close, Stratford – Andrews & Robertson – Lot 64
Guided at just £265,000 this freehold, 2 bedroom, end of terrace property has a tenant in place paying £15,300 per year. Located approximately 8 miles from central London, with a commuting time on public transport of just 40 minutes, this London property represents very good value. The property is due to be auctioned on the 22nd of February with Andrews and Robertson property auctioneers.
South Norwood property selling at auction
17 Kings Road, South Norwood – Auction House London – Lot 2
Lot 2 of the 22nd of February Auction House London auction is guided at £300,000 plus. Located approximately 8 miles from London Bridge with a rail commute time of less than half an hour, this freehold, mid-terraced house is being sold by the executors.
Edmonton property selling at auction
137 Charlton Road, Edmonton – Savills – Lot 39
If you’re looking for a great value north London property then take a look at lot 39 of the next Savills auction. Located on Charlton Road, this un-modernised property is available with a guide price of £300,000.. To find out more, or to arrange a viewing please contact Savills on 020 7824 9091.
Thamesmead property selling at auction
19 Kingfisher Close, Thamesmead – Allsop – Lot 168
Located approximately 10 miles from Canary Wharf, the morning commute shouldn’t take much more than half an hour door-to-door. This mid-terraced, freehold house is being sold on behalf of a Housing Association and is guided at £290,000 plus. If you’re interested in bidding at their 16th of February auction, contact Allsop directly on 020 7494 3686.
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