London houses selling at auction in February 2017 for less than £300,000

Home: Auction Link » News » London Houses Selling at Auction in February 2017 for Less Than £300,000

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.

Read more about property auctions:

Auction Link  provides clear and practical information about selling residential and commercial property at auction in the UK:

https://auction-link.org.uk/

Find London property auctions

Thinking of selling? Check out the upcoming London property auction dates:

auction-link.org.uk/london-property-auctions

Sell a London Property at Auction in July 2020

Call 0800 862 0206Sell a London Property at Auction in July 2020 July is a very busy month for London property auctions; all 14 London auctioneers have an auction, and of course all are being held online due to COVID-19 social distancing restrictions. Call 0800 862...

How to Sell a House in a Difficult Market

Call 0800 862 0206How to sell a house in a difficult market During times of uncertainty, house sales are more likely to fall through. Even the best estate agent in the world can't stop a buyer changing their mind about a potential purchase if they can no longer afford...

With the end of the COVID-19 lockdown in sight, should I prepare to sell now, or should I wait?

Call 0800 862 0206With the end of the COVID-19 lockdown in sight, should I prepare to sell now, or should I wait? Call 0800 862 0206 for your FREE sale price estimateHome: Auction Link » News » Coronavirus: Should I prepare to sell now, or should I wait?With the end...

Coronavirus: ‘Short-lived’ rebound in house hunter demand

Call 0800 862 0206Coronavirus: 'Short-lived' rebound in house hunter demand Demand from property hunters rebounded as curbs on the sector were lifted in England - but the trend may be short-lived.Call 0800 862 0206 for your FREE sale price estimateHome: Auction Link »...

Will the COVID-19 lockdown affect my house sale at auction?

Call 0800 862 0206Property auction sales & COVID-19 With the majority of the UK population in lockdown, many house sales on the brink of exchange have stalled. But the auction market is different; auctioneers are finding ways to adapt for vendors who need the...

Property Ombudsman Member