Auction Date: 3rd December 2025
Event Type: Livestream Auction
Auction Contract: Unconditional Auction Sale
Lot Description
Vacant freehold two-bedroom detached bungalow with integral garage, in need of modernisation and improvement.
Status: Refurbishment Opportunity
Location:
Situated in the established coastal suburb of Holland-on-Sea, the property benefits from a popular residential setting close to local amenities, bus routes, and the seafront, making it attractive to owner-occupiers, developers, and investors alike.
Vendor Circumstances
The property formed part of a probate sale. The executor initially instructed a private treaty sale; however, following two aborted transactions, a strategic decision was taken to switch to auction to secure certainty, transparency, and an unconditional outcome.
Guide Price & Result
- Auction Guide Price: £165,000 + fees
- SOLD Under the Hammer: £194,000
Percentage Achieved Over Guide: 17.6% above guide price
Buyer Engagement
The marketing campaign generated strong and measurable buyer interest:
- 26 individual parties registered interest
- 12 bidders formally registered to bid
This depth of engagement translated into highly competitive bidding on auction day, driving the final sale price significantly beyond the guide.
Outcome & Key Learning
This result demonstrates how auction can unlock value for probate assets by creating urgency, competition, and certainty. Where private treaty sales stall or collapse, auction provides a transparent, time-defined solution that delivers an unconditional sale and maximises price through competitive bidding.
Thinking About Selling by Auction?
If you are considering selling by auction but are unsure whether your property or asset is suitable, our team is happy to provide expert advice free of charge and without obligation.
📞 Call: 01702 311010
✉️ Email: auction@dedmanauctions.com