Property Auctions in North Wales

Photo showing a semi-detached rural house for sale in North Wales
Property auctions in North Wales are well attended and competition can be high, especially for rural cottages and remote properties. Photo © Trevor Littlewood (cc-by-sa/2.0)

Property Auctions In North Wales

The rich history, culture and the low population density has made buying homes at property auctions in North Wales a strong draw for anyone wishing to relocate.

The competitive prices for homes for sale in North Wales as well as the attraction of national parks, mountains and superb coastline is another factor for those seeking out their dream home. Houses and flats suitable for singles, couples and families can be found in this panoramic location and this makes buying property in North Wales an excellent prospect.

Property Prices In North Wales

Average house prices in North Wales are currently £186,513 and this is an increase of 3% since 2019. Detached homes sell for around £249,000 and a semi-detached property will attract a price of around £158,000. You can buy a terraced property for circa £128,000. Property prices in North Wales have held up well compared to other parts of the UK.

Wales Property:

Photo of some multi coloured terraced houses in North Wales
Some very good quality homes can be found at property auctions in North Wales, such as well maintained terraced houses. Photo © M J Roscoe (cc-by-sa/2.0)

Local Property Auctions In North Wales

From small cosy 1-bedroom flats through to grand mansions with large gardens, you can find an array of property for sale in North Wales. Each part of the region has attractions and it will depend upon your personal preferences and your budget where you decide to look. Below are some of the areas where you could consider searching for property bargains for sale by auction in North Wales.

Property in Wrexham

Wrexham is the largest town in North Wales with a population of over 65,000. The town has many amenities and is served by four railway stations. A new bus terminal with routes to local, regional and long distance destinations means there is easy access to the Northern and Southern cities in the UK. A 3-bedroom detached house in Wrexham will attract offers in the region of £235,000 but auction properties can cost less.

Photo of larger houses on a street in Rhyl, North Wales
Rhyl is an excellent location to look for homes for sale at property auctions in North Wales, such as these spacious 3 bedroom semi-detached houses. Photo © Stephen McKay (cc-by-sa/2.0)

Homes For Sale in Rhyl

The holiday resort of Rhyl is a good place to look for property for sale in North Wales. Rhyl has a long history of attracting a loyal following and many holidaymakers return year upon year. Buying an auction property in Rhyl can be a good investment especially if you wish to let out the property for an income. A 2-bedroom detached bungalow close to the coast can be found with a guide price of around £120,000.

Property Tools

Colwyn Bay Property For Sale

Colwyn Bay is also dominated by tourism and is another excellent prospect for property investors. A 4-bedroom flat in the heart of Colwyn Bay can be bought for around £96,000.

In the town you can find a selection of apartments and flats within older buildings, many which are bargain properties for renovation sold by auction. Transport in Colwyn Bay is served by the North Wales Coastline and the A55, a dual carriageway that runs from Chester to Holyhead.

Bargain Property in Powys, Wales

The county of Powys is largely inland but has attractions that include lakes, reservoirs and castles. There is a heritage railway line, The Brecon Mountain railway and two main lines. Powys has many towns and villages where property prices are lower than in other parts of North Wales.

A newly renovated Victorian three-bedroom house with Welsh slate roof can cost around £80,000. If you have the budget to renovate a property you can find a large country manor that would attract a guide price of £360,000.

Photo of an old run-down hotel in North Wales, suitable for total renovation.
In the Powys area there are many older properties suitable for total renovation, many of which are sold at property auctions. Photo © Bill Nicholls (cc-by-sa/2.0)

Caernarfon Property Auctions

Caernarfon is a county town with many pre-war semi=detached houses that present excellent value for money. A 3-bedroom end of terrace house with large rooms will cost in the region of £110,000.

However, prices for houses sold by auction in this part of North Wales will also depend upon the condition of the property. Caernarfon does have a decent selection of properties, such as detached houses, flats, bungalows and studios, but you should be aware of issues with older properties, such as dampness problems which are often found during a survey.

Property resources for North Wales:
Council tax in Wrexham from Wrexham Council
Information about Colwyn Bay from Wikipedia

Property For Sale By Auction In North Wales

North Wales has a wide selection of different kinds of property for sale by auction. Whether you want a development project or a home that is ready to move into, you can find many different live property auctions in North Wales which will have something to suit your needs.

Narrow down your criteria before attending a property auction in North Wales and try to attend a few live auctions before bidding on any property.

Residential Property Auctions In North Wales

Rural properties are plentiful in North Wales. A large 3-bedroom detached house will cost around £120,000 depending on the condition of the property and its location. A 1-bedroom flat can be purchased for as little as £30,000 and there are lots of terrace houses, both modernised or in need of renovation, in the smaller towns.

Photo showing a small flat above a shop in North Wales
be open minded about the kind of property you are interested in, as many bargains are available at Welsh property auctions, such as this small flat above a shop. Photo © Christine Johnstone (cc-by-sa/2.0)

Commercial Auction Property In North Wales

Whether you want to buy a warehouse, a retail outlet or premises for industrial use you can find a wealth of commercial property auctions in North Wales. Seaside resorts like Rhyl have empty commercial premises that are ready for occupation.

If you want to open a cafe or start up a new business you can expect to pay in the region of £55,000. Property investors looking for larger premises will find that a large 20 bedroom hotel can be purchased for around £1.5 million.

Photo of a rural farm house in North wales
Expect prices to rise if you are bidding on a rural property for sale at a north Wales property auction. Demand is high, even for older properties. Photo © Eirian Evans (cc-by-sa/2.0)

Renovation Property In North Wales

This region provides many opportunities for investors who wish to buy renovation properties in North Wales. From deserted farmhouses and barns through to abandoned old manor houses and other rural properties for sale, the area has many good deals available.

You can find older bungalows with a large outside space and Victorian terraces that are ready for development. It is wise to bear in mind that properties for renovation may be in more rural areas where transport is sparse.

Lastly, another type of lots you may see at Welsh property auctions is woodland for sale (often at a dedicated land auction) and seaside or coastal properties, which tend to sell for well above the asking price due to demand.

Seaside house for sale by property auctions in North wales
Seaside property sold at property auctions in North Wales are in extremely high demand, so expect bidding to be competitive. Photo © Eirian Evans (cc-by-sa/2.0)

Property Auctions in North Wales FAQ

How Can I Find Property Auctions In North Wales?

Look for advertisements for upcoming auctions or properties that are available pre-auction. Online auction houses will show new properties as they become available. Check newspapers and local estate agents for details of upcoming property auctions in North Wales.

How Much Does Property In North Wales Cost?

The cost of property in North Wales varies depending on the location and the size and condition of the property. A 3-bedroom house can have a guide price as low as £90,000. There are also large detached properties that will cost upwards of £500,000.

Which Areas Are The Best To Find Bargain Properties In North Wales?

Coastal towns like Rhyl and Colwyn have a diverse range of bargain properties available. There are also rural homes in the countryside where you can buy a cottage or larger home for less than at the seaside. Check with your local property auctions in north Wales for a catalogue of property for sale in future auctions.

Are There Repossessed Properties At Auction In North Wales?

Repossessed auction properties are available in North Wales through banks or finance houses. You can find houses and commercial properties like pubs or cafes that have been repossessed. Typically, repossessed properties are available at lower prices but they are not usually sold at a property auction.

Conclusion: Buying Auction Properties In North Wales

Many people are intimidated by the idea of buying auction properties but as long as you follow the guidelines you will be fine. Not everyone is looking for an expensive property to buy so you will feel at home with other buyers who are also searching for a bargain property.

Be aware of the guide price for the property and don’t expect the final sales price to be the same if there are other bidders.

Research is important so try to attend a live auction first to see how property auctions work. Settle on a realistic budget and never make an impromptu bid for a property that you know nothing about.

Buying at a property auction in North Wales can be an enjoyable experience and is an excellent way to invest for the future.

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