2013 was a milestone year for the auctions market with transaction levels picking up and a renewed confidence from a wide range of buyers in the auction room. The speed and simplicity of auction sales is being recognised by both buyers and vendors and, with a dominant market share of 31.1% within the M25, Savills auctions is a good place to start when thinking of selling your property at auction.

As our map of 2013 auctions transactions highlights, our London and Nottingham auction teams raised a total of £338,947,650 in 2013, achieving an average success rate of 88.5%. The London team made £322 million, a 17% increase since 2012, further highlighting the positive sentiment in the current market.

The auction process is transparent, cost effective and if you are selling the right sort of property you are likely to achieve the highest possible price. The room, which is made up of a myriad of different buyers, dictates the value and it is often highly competitive as auctions offer buyers the opportunity to purchase properties that rarely appear on the open market.

The next Savills auction is on 10th and 11th February at the Millennium Hotel in Grosvenor Square with over 260 lots available. If you are unable to attend you can also bid remotely, either online or over the phone, and the results are available on the day via a live feed on our website.

If you are interested in buying or selling a property at auction, contact either our London or Nottingham teams to find out more, browse our online catalogue or take a look at some of the properties outlined below.   

Lot 31, an unmodernised third floor studio flat forming part of an impressive stucco fronted detached property,  is being sold with a guide of £360,000+. Located in the fashionable and sought after area of Holland Park, it is close to the tube station as well as the local shopping and recreational facilities.

Lot 86, a two bedroom flat  in Mayfair is available with a guide of £1,050,000+. Rarely available, this second floor flat of approximately 1,124 sq ft forms part of an attractive mid terrace building and whilst internally is in need of modernisation, presents the purchaser with the perfect opportunity to carry out works to their own taste and specification in a property right in the heart of the capital. 

Lot 127 is an impressive former pumping station with huge development potential, subject to the requisite consents. It sits on a plot of just over 2 acres and is close to the centre of Newbury. For sale with a guide of £170,000+.