Knight Frank
March Auction
Thursday 16th March 2023 at 11:30am
Introducing the March Knight Frank Catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
Richard Watson
Auctions at Knight Frank
We are pleased to launch the catalogue for our first Knight Frank auction of 2023 taking place on Thursday 16th March.
Our catalogue features a superb selection of premium properties from London and across the UK, all open to remote bidding online, by telephone or by proxy.
We start our auction with lot 1, 2 Farm Cottage, Cold Harbour Farm in Stanstead Abbotts. This three bedroomed semi-detached rural property, located on attractive Hertfordshire estate, has a guide price of £340,000+ (plus fees). Requiring modernisation throughout, this property offers prospective purchasers the opportunity to modernise according to their taste and possibly re-design and extend, subject to obtaining the necessary consents. Open viewing for will take place every Saturday from 10:00-10:30am before the auction.
Offered for sale with a guide price of £1,495,000+ (plus fees) is a large six bedroomed family home at Trinity Garden in Moreton Morrell, Warwick. Built by a private developer, this property enjoys accommodation set out over three floors, has a double garage and a large garden of over 1 acre. Open viewings for this property will be taking place every Saturday from 11-11:30am before the auction.
Lot 2
- No. 2 Trinity Garden, Fosse Way, Moreton Morrell, Warwick CV35 9DF
- Guide price*
- £1,495,000+ (plus fees)
Lot 3 is a stunning church conversion at Holy Trinity Church in Grazeley, Reading which offers a high specification contemporary home plus two self-contained annexed apartments. Originally built in 1850 and converted in 2017 the property blends classical architecture with modern comfort and sits within over one acre of landscaped gardens.
Lot 3
- Holy Trinity Church, Church Lane, Grazeley, Reading RG7 1LD
- Guide price*
- £2,300,000+ (plus fees)
Another unique and stunning property for sale in the auction is the Grade II listed Arley Tower in Upper Arley, Bewdley. This high specification and characterful two bedroomed house benefits from spectacular views from a roof terrace having recently undergone a significant refurbishment. It has a guide price of £500,000-£550,000 (plus fees).
Located in London in NW6, is an attractive Victorian apartment at 114b Keslake Road which has recently been refurbished to a high standard. Located just off Queens Park, the property is a split-level conversion based over the first and second floors of the building and has a guide price of £700,000+ (plus fees).
Across London in the heart of Gipsy Hill is a fantastic opportunity to acquire a two bedroomed split-level maisonette with garage at 12 Garvens, 57 Dulwich Wood Avenue SE19. Spread across the second floor are two light and spacious bedrooms with a shared contemporary family bathroom and externally there is a single garage and use of pretty communal garden. The guide price is £240,000+ (plus fees).
Lot 7
- 12 Garvens, 57 Dulwich Wood Avenue, London SE19 1HU
- Guide price*
- £300,000+ (plus fees)
All prospective buyers are required to register their intention to bid prior to the auction day using the simple online form here. Simply select whether you’d like to place a bid online, on the phone or by proxy and we’ll be in touch to process your request.
If you’re thinking of selling a property by auction or want to find out more about any of the lots for sale in this catalogue, call the team now on 0207 861 5520 or email us at auctions@knightfrank.com.
Remember to tune in!
Our Knight Frank Auction is broadcast online, live from our auction studio.
It’s really easy to tune in and watch on the day. The auction begins at 11:30am and will run throughout the day, with Andrew Parker taking to the rostrum. To tune in on the day, simply visit our website where you’ll be able to watch the auction unfold from our home page, or follow the link below!
Properties in this month's auction
You can take a look at the fantastic selection of premium properties featuring in this month’s auction below
Frequently asked questions
Over the past few months we have naturally received some questions from our bidders about how the buying process works. Largely we are operating as we always have been, we’re simply not able to see you in the auction room when you bid. We’ve put together these frequently asked questions to help guide you through your auction purchase.
A reserve price is the price stated as the lowest acceptable figure by the seller. This figure is confidential between the seller and auctioneer.
No, not always. The guide is an indication given by the auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% in excess of this.
After the auction has ended one of our team will contact you to advise you of the result.
Yes, and these vary depending on the method of sale associated with the property and the country in which you are purchasing. These are listed below – please note the reservation fee does not contribute towards the purchase price. Any further additional costs, which are payable in addition to the purchase price will be included within the Special Conditions that are attached to the Contract. Therefore all prospective purchasers must inspect the legal packs thoroughly. We also strongly advise prospective purchasers to request a legal representative reviews the pack for every lot that you may wish to bid on, so that you are fully aware of any additional costs, if applicable.
England and Wales
Unconditional with Fixed Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1,074, and completion must take place within 20 business days, unless the Special Conditions of Sale state otherwise.
Unconditional with Variable Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 20 business days unless the Special Conditions of Sale state otherwise.
Conditional with Reservation Fee: On the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 40 business days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.
Scotland
Unconditional with Fixed Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1,074, and completion must take place within 20 business days, unless the Special Conditions of Sale state otherwise.
Unconditional with Variable Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of 3.6% of the final sale price of the property, subject to a minimum of £4,000. Completion must take place usually within 20 business days unless the Special Conditions of Sale state otherwise.
Conditional with Reservation Fee: On the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 40 business days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 3.6% of the final sale price of the property, subject to a minimum of £4,000.
There are a number of options when selling by auction which can include paying no fees at all and having the buyer an additional fee instead.This is often an attractive option when you are selling due to a bereavement or a divorce and you have limited cash prior to the auction to fund the sale. Alternatively as a seller you can pay an initial fee and commission price for the sale of the property, meaning the buyer doesn’t have to pay anything extra, maximising the final sale price of the property
Regardless of which auction route is selected, there are solicitor fees to prepare the legal pack for your property, which typically costs around £350 to £500. After your home is sold, you will also need to instruct a solicitor for the conveyancing of the property, which can cost anywhere from £450 to £750.
Yes, if a reserve price is not met during the bidding process, then the lot will not sell. We continue to market our unsold properties after the auction and if a post-auction sale is agreed it will be carried out under auction conditions.
Bidding registration
Bidding registration closes at midday the day before the auction.
Registering to bid in one of our Knight Frank auction is quick, easy and painless. By completing our online form, you can register for bidding online, on the phone and by proxy, meaning you can bid from the comfort of your own home. There’s no need to wait for the legal pack to be completed before registering, there’s no obligation to bid on the day and there’s no money taken prior to bidding.
Our Auction Conduct Guide
If you’re planning on bidding at auction, it’s really important that you do your due diligence prior to the auction – part of which is reading our Auction Conduct Guide which you can find below. Make sure to read this in full to ensure you’re prepared to bid.
Guide to additional fees
Important notice relating to fees, costs and charges payable by the buyer in addition to the purchase price.
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges. These may include, but are not limited to, Value Added Tax (VAT), Stamp Duty, ground rents, rent arrears/apportionment of rent, outstanding service charges, sellers search costs/disbursements, reimbursements of sellers solicitors, auctioneer costs or reservation fees. All prospective buyers are advised to inspect the legal documents including the contract and special conditions of sale and seek their own independent legal advice as to the full cost of purchasing a specific property.
Legal Packs
We recommend reading the legal pack prior to the auction, to make sure you’re aware of all the information before bidding.
It’s really important that you take a thorough look through the legal pack for the property you’re interested in buying before placing a bid, as they lots of important information regarding your purchase. We recommend going through the pack with your solicitor prior to the auction. You can view the legal packs for all lots in this month’s auction on each property using the link below.