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Quirky property. Auction it?

6 replies

borntobequiet · 21/03/2021 13:00

I have a genuinely unique and beautiful property that I plan to sell within the next two or three years. It’s about 400 years old, leasehold and a bit of a money pit though I’ve managed to keep costs down by focusing on essential and cosmetic work only. Other properties in this listed building have typically taken ages to sell via estate agents. I’d appreciate advice as to whether putting it up for auction might be a better idea. Anyone?

OP posts:
Silkies · 21/03/2021 13:09

I would look on the government website to see sales history www.gov.uk/search-house-prices and try with estate agents first but with a realistic (on the low side price) and explaining everything in the advert like the lease, any t&cs. Then give it 2 months or so at that price, if no interest lower price, if no interest go to auction. Though by us you could get estate agents offering auction so maybe see what they advise. It does depend how quickly you want a sale, do you want a quick sale even if a very low price or do you want the best price but may take a year or somewhere inbetween. The above is for somewhere inbetween. I think auctions rarely get the best price.

CongealedCrags · 21/03/2021 13:18

instagram.com/themodernhouse?igshid=hj2a8dou047i

You need to get on the books of an instagram account like this but for old houses. It's a different type of marketing, you might need an estate agent who really gets it.

Larach · 21/03/2021 13:20

Inigo might work for you. It's the same people as Modern House and they really do get how to market and present properties so they get the best price.

borntobequiet · 21/03/2021 13:31

Useful advice already! Thank you, kind people.
I’m in no hurry but so useful to know the different options available.

OP posts:
Silkies · 21/03/2021 14:14

No idea if it would help but the listed property owners club has a property for sale section and obviously there people will be looking for listed properties. www.lpoc.co.uk/

Salome61 · 21/03/2021 18:05

I sold my listed II railway station at auction, and didn't get anywhere near the guide price but had to let it go as I couldn't face another winter there. I paid £800 to be entered into the auction on line and the catalogue, £1300 to my solicitor for the legal pack, and the auction house a whopping £6,600 on a £275K sale. Eye wateringly expensive.

If I had my time again I'd sell through a property specialist, but do expect a long wait. I had about five second viewings, but many people that viewed hadn't done their research and didn't understand the implications of being listed.

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