Auctions v Estate Agents. A 51% Price Difference.
Friday 7th March 2025
I just came across this while researching something else. It's another stark reminder of the difference between buying wholesale through auctions, receivers, (genuine!) off-market, and retail through Rightmove, and Zoopla.
We acquired No.50 (3 bed, tenanted, EPC C) at auction for £70,000, while someone paid £106,000 for the house next door 9 months later. They're identical, and the rent will be the same or similar, but No.48 has cost the buyer 51% more! The difference in financial return will be huge. One is an investment, the other is a hobby.
Buy wholesale; you're getting built-in equity from day 1 of the purchase.
Our next workshop is Saturday, May 10th, 2025, in London, or you can attend it LIVE online if you'd like to learn more about the world of Distressed Assets and auctions
