Property Auctions In Kent, England
How To Find Auction Properties in Kent?
Its geographical location is one of the main reasons why more and more people are looking for bargains at property auctions in Kent. The high-speed rail links and the M2 and M20 motorways mean the capital is easily accessible as well as connections to other parts of the UK.
Property in Kent is always highly sought after and the country does offer a wide variety of properties to choose from, many of which appear at property auctions in Kent.
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Buying At Kent Property Auctions
As well as its close proximity to London, but without the prices of the London property market, Kent is not called the ‘Garden of England’ for nothing. Picturesque villages, like Eynsford and areas of outstanding natural beauty such as the North Downs are both factors in attracting home buyers to the county.
These factors mean that anyone attending a property auction in Kent will soon be struck by the amount of buyers and the competition when it comes to bargain properties around Kent.
Do not be fooled by a low guide price in the property auction catalogue which you will be given by the Kent auction house. These guide prices are never realistic in a competitive property auction in Kent.
In recent years there has also been an influx of buyers from London buying properties to let and this has pushed up the price of property in the county.
Bargain and Repossessed Property In Kent
If you are persistent enough and keep your eye on upcoming property auction in Kent, it is possible to find a bargain property for sale, or even the odd repossessed property for sale in Kent.
However, due to the value of the property market in this part of England, lots such as repossessed properties in Kent and abandoned, derelict buildings such as barns which could be converted or unused church buildings, are fairly rare at most property auctions in Kent.
Land Auctions In Kent
The same rule essentially applies to anyone attempting to buy cheap land for sale in Kent. Most building plots, or plots which could be built on, as well as agricultural land tends to sell for the going rate for that type of property. This also applies to scrub land and woodland for sale.
Of course this does not mean you cannot buy cheap land for sale in Kent. If the right buyers are not at the property auction in Kent which you attend, the opportunity to grab a bargain property may present itself. You are, however, more likely to find suitable land at a specialised land auction in the area.
Never buy a property on the spur of the moment at a property auction in Kent. The area is popular, if something doesn’t sell at a local property auction you need to find out why.
Types of Property Auctions In Kent
There is a wide range of houses and buildings sold at various property auctions in Kent including flats, bungalows, cottages and villas. However, the vast majority of property for sale in Kent consists of Victorian or early 20th century one-up one-down terraced houses and post-war semi-detached houses.
For those interested in buying an unusual property, Kent also has its share of unusual conversions such as 17th century coach houses, former oast houses (circular buildings where hops used to be dried), manor houses, coastal properties and cottages.
Some older properties, such as fisherman’s cottages, might have suffered many years of neglect and decay. These are the kind of properties which may need to be fully renovated and refurbished.
If you wish to bid on run-down properties, you should ensure that a full building survey is carried out. This could include a specialist damp survey if the property in on marsh land or located near the sea.
Property Checks Before Buying At Auction
You should instruct your solicitor to go through the legal pack supplied by the auction house in Kent.
This is important, as it means that you will be aware of any potential legal issues or unauthorised conversion or renovation work as well as planning restrictions on any home improvements, especially in the case of protected listed buildings.
It is fairly common for listed buildings to appear at property auctions in Kent due to the nature of the county and the history of many of the houses there.
Property Auctions in Kent FAQ
How Can I Find Auction Properties in Kent?
Auction houses are responsible for marketing and selling auction properties in Kent. If you wish to find out what is available on the property market, you should contact national and local auctioneers and subscribe to their mailing lists. An internet search should also play a key role in helping you find houses sold at auction.
How Much Are Auction Properties in Kent?
Anywhere from £50,000 to £400,000. The condition and type of property are two of the key factors determining the guide price that auctioneers set for the houses sold at auction although this price may rise dramatically during the auction itself. Another factor affecting the price of an auction property in Kent is its location relative to the capital or the coast.
Where Is the Best Place to Look for Auction Property in Kent?
Apart from featuring properties for sale on their websites, auctioneers also print catalogues in the run-up to forthcoming property auctions. Both include key information about the houses to be sold at auction such as the guide price, the location and any special conditions of the sale. You can also talk to local banks to find out about repossession properties in Kent which are being auctioned by the bank.
Where to Buy Bargain Property In Kent
Access to other parts of the UK is not so important when it comes to buying a house at a property auction in Kent as nowhere is more than 1 hour and 20 minutes commuting time to the capital by train.
As far as house prices at property auctions in Kent are concerned, lots in Kent are, on average, a third cheaper than property auctions in London.
UK Property Tools
The general rule of thumb is that the closer to the capital, the more expensive property is. Some towns like Canterbury and Tunbridge Wells are in great demand and this is reflected in the higher guide prices of lots at property auctions in Kent and other southern counties.
As for seaside towns in Kent, their price depends on whether the town has been through a process of gentrification. For this reason, auction property in Broadstairs will tend to be more expensive than similar properties in Deal. Looking at planned urban renewal projects will enable you to pick up an undervalued property at auction before prices rocket.
Property Resources for Kent: