Council owned property sells for three times its guide price at our February auction


Written by: Paul Parker on 1st March 2021

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Council owned property sells for three times its guide price at our February auction

A vacant property owned by Wigan Council went under the virtual hammer at last week's online auction, selling for well over its guide price.

The property in Atherton, which was last used as offices and requires complete refurbishment, was listed with a guide price of £50,000 and reached a final sale price of £171,000 after lots of competitive bidding.

Once bidding opened,  the reserve price was met within 6 minutes, with the property receiving 124 bids from over 30 registered bidders. 

The sale was just another example of how well priced Council assets can generate strong capital returns for Councils through the online auction method. 

Despite the ongoing challenges, we think it's safe to say that property continues to be an attractive asset and we have a tried and tested online delivery mechanism which ensures we are able to continue to deliver a high quality national auction service to our clients.

Our 25 years of industry success together with being the preferred supplier for many large local authorities across the UK, along with our most recent online auction successes. reinforces us as the Local Authority property experts.

For more information on selling a property at auction and to speak to a member of our expert team, click here to contact the relevant office. Alternatively, click here to request a FREE auction appraisal.

To see our latest auction results, follow this link.



Written by: Paul Parker on 1st March 2021

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