Auctions

Newland Rennie hold regular property auction sales throughout the year. These include farms, smallholdings, agricultural land, barns for conversion, properties in need of renovation, ex-rental houses and flats, Local Authority and Housing Association surplus housing stock, as well as all types of town and country properties in high demand.

With the growing publicity of the auction world through programs such as ‘Under The Hammer’ vendors and buyers now see this as a serious alternative channel to market and buy properties.

Whether in the market place for a renovation project of city dwellings through to rural properties or agricultural land and buildings Newland Rennie has vast experience in all these arenas. Throughout the year we are involved in multiple auctions covering all the types of properties mentioned above.

Auctions give the vendor added benefits, which are not immediately evident.

  • Immediate Deposit:
    The first major advantage is that anyone bidding has to be in a position to effect a legally binding contract at the fall of the hammer, paying an immediate 10% deposit to the vendor’s solicitor.
  • No Re-Negotiation
    This ensures that prospective purchasers can arrange finance and cannot re-negotiate the sale price after a survey or disappointing valuation.
  • Timescale
    The time scale is pre-determined, usually with six/seven weeks marketing to the auction date and four-weeks to completion thereafter, with no lengthy delays waiting for legal enquiry answers, finance, or the usual matters that might cause delay on the Private Treaty route.
  • Exceeding Guide Price
    Auction fully tests the market place, allowing all interested parties to bid, and, as results show, guide prices can often be exceeded.

Auction will not suit all properties, and advice should be sought from the auctioneers as to whether it would be a suitable mode of sale for the particular property in question.

Map Only Showing Results 1 - 3 of 3

 Woolaston
Sold STC
Woolaston, Lydney

Guide Price £300,000 - £320,000

***DRAFT***A USEFUL BLOCK OF PASTURE/ARABLE GROUND IN FOUR SEPARATE ENCLOSURES EXTENDING TO APPROXIMATELY 16 HECTARES (41 ACRES), SITUATED OFF THE A48 BETWEEN CHEPSTOW & LYDNEY
Rockwood Road
bedrooms3   
bathrooms 1   
receptions 2   
Rockwood Road, Chepstow

Auction Guide Price £140,000 £150,000

FOR SALE BY PUBLIC AUCTION (unless previously sold privately) at The Beaufort Hotel, Chepstow, Monmouthshire, NP16 5EP on Thursday 9th November 2017 at 7.00pm 29 Rockwood Rd comprises a (...)
bedrooms3   
bathrooms 1   
receptions 2   
 Goytre
Sold STC
Goytre, Pontypool

Guide Price £70,000

11.8 Acres (4.65 Hectares approx.) A BLOCK OF GENTLY SLOPING PASTURE LAND WITH AMPLE SHADE AND SHELTER.