August Auction Property Deals of the Month – Greater London

While London properties are considered prohibitively expensive for many, auction houses offer a far more affordable alternative – both to future owner-occupiers and to investors.

We’ve selected a number of residential and commercial auction properties with the best value across Greater London throughout August 2023.

Residential Auction Properties – Greater London

2 Bed Terraced House, St Albans

(For Sale with Auction House London)

2 Bed Terraced House in St Albans - For Sale with Auction House London with a Guide Price of £165,000 (August 2023)

With renovation required throughout, and many rooms in shell condition, this property is ideal for anyone seeking a lucrative project.

Comprised of reception room and kitchen spaces to the ground floor – and two bedrooms and a bathroom area to the first floor – the lot includes good-sized front and rear gardens that offer the possibility of extension (depending on consents).

With sweeping green spaces just across the road, and with the centre of St Albans just under 15 minute away by car, the home is very well-placed for schools, eateries, shops and pubs, and is less than 10 minutes’ walk from both How Wood and Park Street train stations. Central London is less than an hour away by public transport.

The lot will be brought to auction by Auction House London on 2nd August 2023 with a Guide Price of £165,000.

Period Property with Two Dwellings, London Fields

(For Sale with Property Solvers Auctions)

Period Property with Two Dwellings in London Fields - For Sale with Property Solvers Auctions with a Guide Price of £1,650,000 (August 2023)

This property represents a very rare opportunity to take ownership of two dwellings within a single highly desirable building. Available in excellent condition, the lot is comprised of a two-storey five-bed flat and a two-bed basement apartment.

The ground floor of the main house features a front-to-back living room and a semi-open plan kitchen and dining room, along with a shower room and bathroom. The stairs are accessible by a full-length hallway, and lead to the first floor, where there can be found five good-sized bedrooms and an additional shower room.

There is a large rear garden measuring 2,841 square feet, offering a significant opportunity to extend the property.

The basement flat is also spacious, featuring two generous bedrooms, a kitchen, living room, bathroom and storage space.

With the Dalston Junction tube station just over five minutes’ walk up the road – on the corner with the major thoroughfare of Kingsland Road – there are a huge number of amenities and attractions in the area. The neighbourhood is particularly excellent for bars and eateries, and central London is just under 40 minutes away by both car and public transport.

The lot was brought to auction by Property Solvers Auctions on 5th July 2023 with a Guide Price of £1,700,000, but went unsold and is now available with a Guide Price of £1,650,000.

Two 1 Bed Flats in a Mid-Terrace House, Hounslow

(For Sale with Auction House London)

Two 1 Bed Flats in a Mid-Terrace House in Hounslow - For Sale with Auction House London with a Guide Price of £275,000 (August 2023)

Very well-placed between the Hounslow High Street and the green spaces of Inwood Park, this property benefits from its proximity to Heathrow Airport, which is only a 15 minute drive away. Hounslow East tube station is just five minutes walk from the lot, providing a direct link to central London.

Currently arranged as two flats, the building’s ground and first floors each contain a reception room, a kitchen, a bedroom and a bathroom. There is also a good-sized rear garden.

Renovation and modernisation is required throughout – however, with the Treaty Centre just over five minutes away on foot, and plenty of shops, hospitality venues and retail outlets on its doorstep, the property will inevitably provide a superb return on investment.

The lot will be brought to auction by Auction House London on 2nd August 2023 with a Guide Price of £275,000.

3 Bed Semi-Detached House, Surbiton

(For Sale with Auction House London)

3 Bed Semi-Detached House in Surbiton - For Sale with Auction House London with a Guide Price of £300,000 (August 2023)

Comprised of two reception rooms (one with bay window), a kitchen and a WC to the ground floor, three bedrooms (one bay-fronted) and a bathroom to the first floor, this property includes front and rear gardens, a driveway and garage.

It requires renovation throughout, but offers huge potential for extension, depending on consents, and will provide a significant return on investment.

Located just around the corner from a fabulous band of green space to the west, including Hogmsill Open Space and Elmbridge Meadows, residents will also benefit from parkland to the west – such as Tolworth Court Farm Fields and King George Field.

Tolworth Hospital is just over five minutes’ drive away, and there are three train stations easily accessible from the property – Malden Manor, Berrylands and Tolworth. Central London is just an hour away.

The lot will be brought to auction by Auction House London on 2nd August 2023 with a Guide Price of £300,000.

3 Bed Detached Bungalow, Keston

(For Sale with I Am Sold Property Auctions)

3 Bed Detached Bungalow in Keston - For Sale with I Am Sold Property Auctions with a Guide Price of £475,000 (August 2023)

Positioned just 12 minutes drive southwest of Orpington and directly south of the greenery of Hayes Common, the semi-rural village of Keston is something of a hidden gem. This lovely detached bungalow is located just five minutes away, and is available in excellent condition, comprised of a large reception/dining room, a well-appointed galley kitchen, three bedrooms and a family bathroom.

There are also expansive front and rear lawned gardens, a driveway and an attached garage. This type of property is highly sought-after in its current form, but its sizeable plot presents plenty of opportunity for extension, depending on consents.

The lot will be brought to auction by I Am Sold Property Auctions on 8th August 2023 with a Guide Price of £475,000.

Commercial Auction Properties – Greater London 

Mixed-Use Terraced Property, Edgware

(For Sale with Auction House London)

Mixed-Use Terraced Property in Edgware - For Sale with Auction House London with a Guide Price of £700,000 (August 2023)

Benefitting from a superb location just across the road from Edgware Community Hospital, this property is comprised of a ground floor retail unit, a bathroom and separate WC to the ground floor, as well as four bedrooms, a kitchen and a bathroom to the first floor and a further bedroom to the second floor.

It comes with planning consent for a rear extension and the conversion of the first and second floor dwellings into three studio flats. Part of the ground floor is also under consideration for planning permission to be converted into an additional studio flat.

Positioned on the very popular thoroughfare of Burnt Oak Broadway, which is bustling with activity and rich with amenities – including supermarkets, eateries and bars, the property sits just 10 minutes’ walk from the Chandos Recreation Ground. Montrose Park is just down the road, and the Burnt Oak tube station can be reached in just 12 minutes on foot.

Central London can be reached in less than 45 minutes by public transport.

The lot will be brought to auction by Auction House London on 2nd August 2023 with a Guide Price of £700,000.

4 Storey Grade II Listed Shop, Greenwich

(For Sale with Allsop Property Auctions)

4 Storey Grade II Listed Shop in Greenwich - For Sale with Allsop Property Auctions with a Guide Price of £360,000 (August 2023)

Arranged over four storeys, including a basement, ground floor, first floor and second floor, this characterful Grade II listed property features a Gross Internal Area of approximately 1,534 square feet.

With a single room to the basement, a retail space to the ground floor, two rooms to the first floor and and additional single space to the second floor, the entire lot is currently in shell condition and requires renovation throughout.

Adjustments to the layout and changes of use may be possible depending on planning and listed building consent. Only five minutes’ walk from Greenwich station and three minutes from the glorious green spaces of Greenwich Park, the Royal Hill neighbourhood of highly desirable Greenwich in which this property is located sits just 30 minutes from central London.

The lot will be brought to auction by Allsop Property Auctions on 3rd August 2023 with a Guide Price of £360,000.

Mixed Use Retail and Residential Site, Honor Oak

(For Sale with Barnard Marcus Property Auctions)

Mixed Use Retail and Residential Site in Honor Oak - For Sale with Barnard Marcus Property Auctions with a Guide Price of £995,000 (August 2023)

Divided into several diverse properties – including a double retail unit, four well-appointed flats and a possible development site to the rear, this large lot would make a highly rewarding purchase for any investor.

With the potential for the addition of a three storey building to the rear and an upward extension to the flats to create an additional apartment, plans have been drawn up for developments but not yet submitted for planning consent. These plans may be obtained from the vendor or auctioneer.

Located just around the corner from Blythe Hill Fields and King’s College Sports Ground, the site sits just five minutes’ walk from the Honor Oak train and tube station. Central London is less than 40 minutes away via public transport.

The lot will be brought to auction by Barnard Marcus Property Auctions on 1st August 2023 with a Guide Price of £995,000.

Semi-Detached Nursery Building, Furzedown

(For Sale with I Am Sold Property Auctions)

Semi-Detached Nursery Building in Furzedown - For Sale with I Am Sold Property Auctions with a Guide Price of £230,000 (August 2023)

Currently operating as a nursery, this property sits a very short distance from the busy Thrale Road, Mitcham Lane and Westcote Road crossroads. Comprised of four rooms, WCs and a basement, the lot is surrounded by shops and eateries and can be reached in just over 10 minutes on foot from Streatham Common station.

The open space of Streatham Common itself sits just 10 minutes drive from the property, and central London is less than a 40 minute drive away.

The seller is bringing this lot to auction by I Am Sold Property Auctions on 3rd August 2023 with a Guide Price of £230,000.

Workshop Building, Wimbledon

(For Sale with Barnard Marcus Property Auctions)

Workshop Building in Wimbledon - For Sale with Barnard Marcus Property Auctions with a Guide Price of £45,000 (August 2023)

Available on a 992 year lease from 25th March 2004 at a peppercorn ground rent, this is a two-storey building arranged over ground and loft levels. It offers significant potential for development, subject to consents.

Less than 15 minutes’ walk from Wimbledon train station, five minutes from South Wimbledon underground station and seven minutes from Merton Park tram station, the lot is very well connected – with central London less than 40 minutes away by public transport.

The Morden Hall Park National Trust Property is only 15 minutes away on foot and Wimbledon Common is accessible in 10 minutes.

The lot will be brought to auction by Barnard Marcus Property Auctions on 1st August 2023 with a Guide Price of £45,000.