London's property auctions: October 2013

Auction expert Sam Collett takes a look at what is coming up at this month's property auctions and discovers family homes in Fulham, Ealing and Cricklewood
Three-bedroom house in Ealing, London W5: guide price £365,000+
Who: Auction House London
What: 6 Blossom Close, Ealing, London, W5 4YE
Where: Everyman Cinema, 203 Haverstock Hill, London, NW3 4QG
When: 30 October 2013

Ealing is not the first place you think of for affordable family homes – so this three-bedroom property with a guide price of £365,000 is sure to attract a lot of interest.

Ealing ticks a lot of boxes for families searching for London living with a bit of village charm thrown in. Plus, there’s plenty of transport links, good schools, a wide choice of shops, bars and restaurants, and there’s Ealing Green which adds a countryside flair to the area.

More details: three-bedroom house in Blossom Close, Ealing W5

Blossom Close is not one of the favoured period properties for which the area is well-known – however it is in the popular W5 postcode. And with it being a more modern build, it comes with the advantage of an internal garage and off street parking for two cars.

But don’t let the modern label lull you into a false sense of security – because this property does require complete refurbishment. This means you’re going to be spending time and money before this property can be labelled ‘modern’. However, given comparable properties are priced over £100,000 more – there should be enough money in the kitty to turn this hovel into a home.

South Ealing and Acton Town underground are about a 15-minute walk away.

Four-bedroom house in Fulham, SW6: guide price £1.9 million
Arthur House, 160 Halford Road, Fulham, London, SW6 1JY
Who: Savills
Where: Marriot Hotel, 84-86 Duke Street, London, W1K 6JP
When: 28 October 2013

If you want a family home which has pizzazz and stand out appeal then Arthur House, a four bedroom property in Fulham, has got to be it – although it does come with a guide price of £1.9 million.

Admittedly, £1.9 million is a lot of money. There’s no getting away from it, whichever way you try. However, what you have on offer is a property which is unique to the area – and it’s practically in Chelsea, which always adds a few more zeros to the price.

So what do you get for your money? For starters: a detached, double-fronted house with 2,443sq ft of space. For mains: A sought-after location. For afters: the potential to make a home of a lifetime.

Yes, the property requires some modernisation – but this is an opportunity-and-a-half. And it even has the potential to extend (subject to consents). And this market is hot – so hot - no estate agents were even able to value what the property may be worth when completed. ‘The sky is the limit’ when you have a unique property in such a prime location.

And it really is well located; it’s just moments from the trendy bars, boutiques and restaurants on North End Road and Old Brompton Road. Plus, there’s easy access to West Brompton and Fulham Broadway tube stations.

Four bedroom house in Cricklewood, London, NW2: guide price £500,000+
Who: Savills
What: 54 Olive Road, Cricklewood, London, NW2 6UD
Where: Marriot Hotel, 84-86 Duke Street, London, W1K 6JP
When: 28 October, 2013

Finding a spacious family home in the Capital is never easy when you’re on a budget – which makes this generously proportioned four-bedroom house in Cricklewood a bargain with a guide price of £500,000+.

Now half a million pounds is not a small amount of money – but given the size and location of the property on offer, this is an attractive guide price. Land Registry records show the last property to have sold in this street was in 2006 for £500,000. And the London market has moved considerably since then. In today’s prices, it’s more likely that when refurbished this property will easily be nudging the £800,000 price mark.

But that’s not all. Plans have also been submitted to extend the property further – so if that comes off you could be buying yourself a potentially very large property indeed.

The major attraction of a family home in Cricklewood is the number of ‘outstanding’ Ofsted rated schools, plus the community feel. While the heart of the neighbourhood, Cricklewood Broadway, may look a little lacklustre at present, over £2 million pounds has been ear-marked to spruce up the town centre in the future.

Of course, travel connections are key and fortunately Olive Road is just a few minutes’ walk to Cricklewood Broadway for rail connections and Willesden Green tube (Jubilee line).

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