How to make a killing by buying heavily discounted property at auction …
Property Auction Sales of repossessed, ex-rental, ex-council, cheap private property, personal estates, utility companies, department of transport.
GAUK Property Auctions is the DEFINITIVE property auction portal offering a high level of accurate and up-to-the-minute Property Auction data as well as offering an exciting range of new services.
If you are looking for property to buy a commercial property, private residence or simply a small area of paddock land at auction simply search through all the properties offered from our featured Auctioneers in our Property Search section.
GAUK Tracks Down and Provides You With All the Property Investment Opportunities!
See the great examples above of the kind of auctions GAUK Property Auctions feature on a weekly basis … And no, they’re not fake!
Here’s a wonderful example of a recent auction:
Hundreds of repossessed homes to be sold by auction. UK property consultancy Allsop to hold property auction.
The UK property consultancy Allsop published its catalogue of 80 lots in the residential sale, which included everything from stylish apartments in Georgian houses to new flats in the docklands to family homes in sought-after parts of suburbia.
- At the other end of the market is a flat in the city centre with a reserve of only £25,000.
- Up on a notch on the price ladder are two-bedroom flats in midlands towns going for just £30,000.
- In Wexford, in Ireland’s south-east corner, a job lot of six flats and several commercial units are listed.
- Other lots include a four-bedroom family home with a price tag of £400,000. Allsop is not revealing details but estate agents say even modest homes in this part of the city would easily have fetched £2m in the good times.
The property auction was held in one of the cities’ top hotels. Gary Murphy, a partner at Allsop, says that his “phone hasn’t stopped ringing” since word got out.
Most of the lots were previously owned by property investors who have gone into receivership or simply handed back the keys to the banks.
Allsop hopes the auction will inject new life into the property market, which has been paralysed by fear that house prices, which are already down 45% from their peak, may have still further to drop.
“You can look at all the economic analysis, but you get no better feel for the market than when you are on the rostrum, calling on buyers to part with their money,” he adds. “To do that 80 times, you soon find out if the market is strong or weak. We
hope this will establish the floor.”
But for those who bought in the boom, the auction will stick in the craw.
“If you bought for £300,000 and you see a similar property selling for £50,000 to £60,000, your first reaction is going to be, ‘I’m in negative equity for £200,000 to £300,000,” says Ronan Lyons, an economist.
However, he says homeowners should not panic: “It’s unlikely that prices for two-bedroom apartments will settle at £40-£50k. It’s too cheap in relation to rent.”
If you are looking to sell a property at auction just contact one of the featured auctioneers a GAUK who will be pleased to help you. You’ll find the ALL the Auctioneer’s contact information in our Property Auctioneers section.
Property Auctions are an amazing way to snap up cheap property and make a killing.
There are an ever growing plethora of TV shows like Homes Under The Hammer, Property Ladder, etc. The potential for making money from Property Auctions is phenomenal.
In the GAUK searches you’ll information and tips about where to find Property Auctions and also provide advice on how you can get a good return on your investment.
The key to making money from investments at Property Auctions is to buy at between 10-20% below the market price. We offer a range of guides in the member’s area on how to maximize your profits on property, whether you are letting out your investment or selling it.
We also have literally hundreds of articles written by developers and experts sharing their property development expertise
There are many ways to make money from property, but one is virtually guaranteed … Buy dirt cheap at well below market price and then sell on for a fast profit.
But how do you find these cheap-as-chips properties?
Well it’s not by visiting estate agents, or trawling through the small ad’s. No, the place to snap-up these bargains is at a Property Auction…and the way to learn how to turn these ‘shrouded in secrecy’ events into your own personal bank vault, is by joining property auctions at GAUK.