£1 Property Sells for over £60K at Great North Property Auction

Posted on 12th April 2017 by Jordan Holmes

The results are in for our latest Great North Property Auction. The auction was held on Tuesday 4th April at Ramside Hall Hotel and saw the sale of 48 lots raising an outstand £4,520,250.

Among the properties sold at auction were:

10 Findon Hill, Sacriston – A 2 bedroom terraced house, in need of full modernisation, with a starting price of just £1 received 93 viewings and sold for an impressive £63,000.

3 Darlington Road, Durham – Selling for £133,000, this 3 bedroom semi-detached house achieved £13,000 above its starting price.

4 Cliffe Court, Whitley Bay – A 2 bedroom flat with beautiful sea views sold for £114,000, £69,050 over its starting price of £44,950.

To view the complete set of results from the auction please follow the link > GNPA Results 4th April 2017

Our next Great North Property Auction will be held on Wednesday 3rd May at Ramside Hall Hotel. If you have any questions or would like to enter your property for auction please contact our team on 0191 239 0802 or email enquiries@iam-sold.co.uk.


Jordan Holmes

Marketing Executive

My name is Jordan Holmes and I am the Marketing Executive at Intelligent Services Group. I have a BA (Hons) in Marketing and Advertising Management which I obtained from Leeds Metropolitan University. I have a keen interest in rugby union, golf, football, weight training and scuba diving. I also have a passion for music and travel. Read more posts from Jordan
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IAM Sold Ltd is rated 4.63 stars by Reviews.co.uk based on 328 merchant reviews

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328 Reviews
I sold my property through the modern method of auction and, in hindsight, I'm not sure it was the right method of sale for me. Listing a property at a value significantly below what you believe it is worth seems somewhat counter intuitive and I'm not sure I fully embraced the process. While I remain unconvinced by the modern method of auction, this should not be seen as a reflection on Iamsold - the person assigned to sell the property on my behalf worked extremely hard to extract the maximum revenue from the sale and I couldn't have asked for more.
They sold my house within a month
Friendly, informative, did what they said they would do, kept in regular contact and mist importantly, sold the house.