Selling a property can sometimes be a trying and uncertain process, and when there are no buyers in sight, it can be an equally disheartening situation.
Auctions have a proven track record of higher success rates compared to selling via an estate agent, and this month Auction House Sussex and Hampshire celebrated another great win with the quick sale of 3 Woodland Way, Surrey.
The four-bedroom detached bungalow had been advertised on the open market for a staggering 316 days with no interest before the sellers entered it into our July property auction with a guide price of £950,000-£1,000,000.
3 Woodland Way had sat vacant for several months and required modernisation throughout, but its potential as a re-development project was undeniable. With 4 bedrooms, versatile living spaces, a generous plot and a unique indoor swimming pool, the property was a fantastic opportunity for the right buyer.
For many sellers, auction provides a fast route to market, particularly for houses with potential that may have difficulty on the open market. At auction, there’s a ready audience for all kinds of properties, including those requiring work.
Thanks to the Auction House Sussex and Hampshire team, 3 Woodland Way was sold to a local family pre-auction, with the exchange of contracts taking place last week.
The new owners can now commence the restoration of this vacant Surrey property, transforming it into their dream family home. Meanwhile, the previous owner has successfully sold a property at auction in a matter of weeks, after it remained unsold on the open market for over 300 days.
If you’re looking to sell a property, or to start your next re-development project, contact Auction House Sussex and Hampshire today to take the next step.
