Case Study: Probate Property Sells for 16.7% Above Guide at Dedman Gray Livestream Auction
Property: 41 Beeleigh West, Basildon, Essex, SS14 2RU
Auction Date: 9th October 2025
Auction Format: Livestream Auction
Contract Type: Unconditional Sale
Overview
Dedman Gray Auctions achieved an excellent result for the sale of a vacant freehold two-bedroom house in Basildon—selling for £216,000, significantly above the £185,000 + fees guide price.
This property presented a strong refurbishment opportunity and was ideally located close to Basildon Town Centre. Having been vacant for approximately four years, the house required full modernisation and offered excellent potential for buyers looking to add value.
Vendor Background
The property was brought to auction as part of a probate sale. Prior to instructing Dedman Gray, the executors had attempted to sell through local estate agents via private treaty. Despite initial interest, the sale repeatedly fell through, causing delays and uncertainty.
Recognising the need for a faster, more secure route to sale, the executors chose our unconditional auction method, ensuring a legally binding sale on the fall of the hammer.
Marketing & Buyer Engagement
Our targeted multi-channel marketing campaign generated substantial buyer interest:
- 32 interested parties
- 18 registered bidders
This resulted in strong competitive bidding on auction day, ultimately pushing the selling price to 16.67% above the guide.
Result
SOLD for £216,000 under the hammer
16.67% above the guide price
Exchange of contracts achieved instantly on auction day
This case demonstrates the power of auction for probate, refurbishment and problem-stock properties—particularly where private treaty has been unsuccessful or prolonged.
Considering Selling at Auction?
If you are unsure whether auction is the right route for your property, our experienced team is happy to offer free, no-obligation advice and valuation.
Call: 01702 311010
Email: auction@dedmanauctions.com