A two-bedroom Chelsea flat at a guide price of £60,000 is among the tantalising mix of properties on offer as the 2010 auction season launches next week with several big sales in central London and some of the most varied catalogues ever seen. Buyers are in for a treat, with low guide prices expected to guarantee keen bidding.
Savills starts the ball rolling on Monday at the Royal Garden Hotel, Kensington. Properties range from repossessions to handsome ripe-for-renovation townhouses, from mansion flats in Chelsea and Notting Hill to country cottages in the Cotswolds.
Last year, there were 22.8 per cent fewer properties offered at auctions compared with 2008 but renewed interest from developers and investors signals that the bottom of the market may have been reached.
Savills is selling a number of crashpads in posh areas. A one-bedroom flat in Hay Hill, Mayfair, has a guide price of £595,000 (65 years remaining on the lease). In Mallord Street, Chelsea, a two-bedroom, purpose-built flat “in reasonable decorative condition” has an eye-catching guide price of £60,000, though the lease is up in two years.
Highlights of the Andrews & Robertson auction include a detached house in Westcombe Park, part of the Greenwich conservation area. The guide price is £1 million.
Allsop has a fat catalogue of 391 lots, which include a water tower in Epsom, Surrey: guide price £100,000.
Auction dates: Savills, Monday and Tuesday (020 7824 9091); Allsop, 17 February (020 7494 3686); Andrews & Robertson, 18 February (020 7703 4401); Clive Emson, 22 to 24 February (0845 850 0333).