October Auction Property Deals of the Month – Greater London

Auction is one of the most accessible ways to acquire London property. In many cases, it’s possible to find lots with Guide Prices well below the typical sale price of a certain borough. While these values rarely represent the final amount paid by the highest bidder, they give a clear idea of the deals that can be struck.

In this article, we present some of the most promising lots available with the best Guide Prices across Greater London during October 2023.

Residential Auction Properties – Greater London

5 Bed Detached House, Waltham Cross

(For Sale with Property Solvers Auctions)

A move-in ready property in excellent condition, this home in Waltham Cross, Hertfordshire is a rare example of a spacious, detached, modern London lot with plenty of attractive garden space.

Comprised of a very spacious lounge, an open-plan dining room/kitchen with pantry and a bathroom to the ground floor, the house also features five comfortable bedrooms (one with en-suite) and a family bathroom to the first floor. With plenty of off-road parking space available – including a built-in garage – this is an excellent opportunity to acquire a high quality property in Greater London’s Zone 8.

Just over an hour and 20 minutes from Central London by public transport, the property sits under 15 minute’s drive from the heart of Waltham Cross. The local neighbourhood of Cheshunt features pubs, shops, schools and plenty of open green space, with Cheshunt train station just over 10 minutes’ away by car.

The lot will be brought to auction by Property Solvers Auctions from 5th – 11th October 2023 with a Guide Price of £600,000.

1 Bed First Floor Flat, Borehamwood

(For Sale with Savills Property Auctions)

Very well-placed for educational institutions, including Hertswood Academy and Elstree Screen Arts Academy, this lot also benefits from its location in an attractive and friendly neighbourhood, surrounded by greenery.

Made up of a good-sized reception room, a kitchen, a bathroom and a well-proportioned bedroom – all arranged across the first floor of the building – the lot is in need of modernisation, allowing its new owners to add value easily.

Around five minutes’ drive from the Elstree and Borehamwood Thameslink train station (Zone 6), the lot sits just over an hour from Central London by car. The meeting of junction 1 of the A1 (M) and junction 23 of the M25 is seven minutes’ drive away.

The lot will be brought to auction by Savills Property Auctions on 10th October 2023 with a Guide Price of £185,000.

3 Bed Semi-Detached House, South Ockendon

(For Sale with I Am Sold Property Auctions)

Available in move-in ready condition, this conveniently-positioned semi-detached home sits between Kennington Park and Belhus Park, enjoying plenty of easily accessible green space.

Mardyke Junction on the M25 is less than 10 minutes’ drive away.

Featuring an open-plan lounge/diner and a very well-proportioned kitchen to its ground floor, the property also features three good-sized bedrooms and a family bathroom. With off-street parking and a paved garden, the Essex home is located just seven minutes’ drive from Purfleet train station in Zone 6.

The lot will be brought to auction by I Am Sold Property Auctions on 4th October 2023 with a Starting Bid of £250,000.

1 Bed Flat, Westminster

(For Sale with Savills Property Auctions)

This lower ground floor flat is a rare find, sitting in Westminster in the heart of Central London. With Lambeth Bridge and Westminster Abbey both just 10 minutes’ walk away, London’s Victoria train station, Buckingham Palace and St James’ Park can all be reached within 15 minutes on foot.

Retaining many of the original features of the grand period building of which it forms a part, the apartment is comprised of a bay-fronted master bedroom, a good-sized lounge/diner, a conveniently-arranged kitchen and a bathroom with separate WC.  All of the attractions and amenities of the desirable SW1P postcode are within easy reach.

Available on a 57 year lease from December 1977, the flat is subject to a Section 42 notice that has already been served. Further information can be found in the legal pack.

The lot will be brought to auction by Savills Property Auctions on 10th October 2023 with a Guide Price of £100,000.

1 Bed End Terrace House, Hounslow

(For Sale with Savills Property Auctions)

This lot is subject to a Receiver Order and is currently occupied. Comprising of a reception room and kitchen to its ground floor, as well as one bedroom and a bathroom with WC to its first floor, the property is available on a freehold basis and features off-street parking. It sits two minutes’ walk from the Treaty Centre on Hounslow’s High Street and only 10 minutes from the open green spaces of Inwood Park.

Hounslow Central underground station (Zone 4) is also just 10 minutes away on foot, as is Hounslow train station. Central London can be reached in just under an hour by public transport.

The lot will be brought to auction by Savills Auctions on 10th October 2023 with a Guide Price of £180,000.

2 Bed Flat, Sydenham

(For Sale with Auction House London)

With 93 years unexpired on its 125 year lease, this first floor flat is comprised of a reception room, a kitchen, two bedrooms and a bathroom. There is also allocated parking and a communal garden shared with the other tenants of the building.

Positioned just around the corner from the popular thoroughfare of Sydenham Road, the future owner of this property will benefit from its close proximity to the Bell Green Retail Park, Home Park, Sydenham and Lower Sydenham stations (Zone 4) – all of which are accessible within 20 minutes’ walk – along with numerous bars, eateries and schools.

Central London can be reached in just over 45 minutes.

The lot will be brought to auction by Auction House London on 25th October 2023 with a Guide Price of £125,000.

3 Bed Semi-Detached House, Staines-upon-Thames

(For Sale with Savills Auctions)

Requiring modernisation throughout, this semi-detached property has plenty of potential. With bay windows to the front and rear on both floors, the the lot is comprised of a living room, dining room and kitchen to the ground floor, along with two spacious bedrooms, a third possible bedroom currently arranged as an office and a family bathroom to the first floor.

Located in Staines, Surrey, just over 10 minutes’ walk from pretty Fordbridge Park and a short drive from Queen Mary Reservoir, future residents of the property will be able to reach Staines train station in less than 5 minutes by car, achieving access to Central London in under an hour and 10 minutes. Elmsleigh Shopping Centre can be accessed in less than 10 minutes

The lot will be brought to auction by Savills Property Auctions on 10th October 2023 with a Guide Price of £200,000.

1 Bed Maisonette, Mitcham

(For Sale with Auction House London)

Comprised of a reception room, kitchen, shower room and bedroom – all arranged across the ground floor of an end-terrace building – this comfortably-proportioned maisonette is available in very good condition. Featuring front and rear gardens, the property is available on a 189 year lease with around 129 years unexpired.

Tooting railway station (Zone 3) is just two minutes’ walk away, and the green spaces of Gorringe Park can be reached in less than five minutes on foot. St George’s Hospital is only five minutes’ drive away, all the amenities of Tooting High street are accessible within a 20 minute walk, and Central London can be reached in less than 45 minutes,

The lot will be brought to auction by Auction House London on 25th October 2023 with a Guide Price of £205,000.

Commercial Auction Properties – Greater London 

Ground Floor Retail Unit, Hounslow

(For Sale with Savills Auctions)

Positioned just across the road from Hounslow Central station (Zone 5), this ground floor former takeaway sits a little more than five minutes’ walk from the Treaty shopping centre and a very short distance from Lampton Park. Central London can be reached in just 50 minutes.

Enjoying excellent levels of footfall due to its location on one of the borough’s more popular thoroughfares, the property has a huge amount of potential, and could be used for a range of different purposes, depending on consents.

The shop measures approximately 311 square feet in total, and is available on a 125 year lease – the details of which are available in its legal pack.

The lot will be brought to auction by Savills Auctions on 10th October 2023 with a Guide Price of £45,000.

Part-Vacant End-Terrace Mixed-Use Building, Orpington

(For Sale with Savills Auctions)

This property is comprised of a vacant ground floor shop, along with a rear ground floor unit and a first floor flat that have both been sold off on a 99-year lease (68 years of which remain unexpired). The vacant unit measures approximately 248 square feet and benefits from its own roller shutter.

Positioned close to Orpington’s Riverside Gardens and St Mary Cray Recreation Ground, the property also sits less than 15 minutes’ walk from the Nugent Shopping Park and five minutes’ drive from St Mary Cray train station (Zone 6). The centre of Orpington is just a seven minute drive away, and Central London can be reached in 50 minutes by public transport.

The lot will be brought to auction by Savills Property Auctions on 10th October 2023 with a Guide Price of £80,000.