Last Updated on: 12th June 2025, 04:09 pm
House prices may have risen by 6.4%* over the past year, but for savvy buyers, opportunities still exist to snap up discounted homes – if they’re willing to explore the auction route.
Auction specialist Dominic Farrell argues that traditional estate agency listings and platforms like Rightmove or Zoopla rarely feature truly discounted properties. He describes property auctions as a kind of wholesale outlet for real estate, where buyers can access substantial savings compared to the retail market.
One notable success story involved a property purchased for £75,000 and mortgaged six months later at a valuation nearly 50% higher – with no work done to it.
He explains: “In essence, this three-bedroom, freehold terraced house in an excellent rental area was purchased prior to auction at £75,000. Other properties – albeit smaller, two-bedroom houses – were for sale with local estate agents at £110,000 and £125,000 respectively.
“After six months, the property was conservatively mortgaged at 47% higher than the purchase price, without any refurbishment or renovation. By any standards, this is an exceptional acquisition, but not in the distressed assets world of property auctions.”
Farrell details his strategies in the third edition of his bestselling book, Property Auctions: Repossessions, Bankruptcies and Bargain Properties, which has just been released.
The guide lays out clear and practical frameworks for investors to assess opportunities, shortlist prospects, and understand the ins and outs of bidding and buying. It also offers detailed insights into funding options and legal considerations. Real-world examples provide evidence of the kinds of savings investors have achieved by following these methods.
Farrell adds: “Whatever your interest in property investment; whether you want a quick return or maybe to fund your retirement long term, property auctions will give you the skills to achieve your financial goals, and not just in rising markets but all market conditions; rising, falling or stagnating.
“There is no better place to purchase below market value properties, whether to hold for the long term or develop, add value and sell.”
Property Auctions: Repossessions, Bankruptcies and Bargain Properties is available now on Amazon for £14.99, with the Kindle edition priced at £9.99.
