Knight Frank October Auction
Thursday 6th October 2022 at 11:30am
Addendum
You can find the addendum for this month’s auction by taking a look at the link below.
The addendum is where you can find any last minute updates or changes to the lots on offer – it can change at any time, including on auction day itself, so if you’re bidding on Thursday, make sure to regularly check back to stay in the know.
Introducing the October Knight Frank Catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
Richard Watson
Auctions at Knight Frank
It is our pleasure to present to you the catalogue for the October Knight Frank auction which takes place on Thursday 6th October. Once again, we have another great section of premium properties that are ready for your bids this month and you can find out more about some of them below.
As always, make sure to take a look through the legal pack for the property you’re interested in so that you can be certain of your completion timescales, financial requirements and any other responsibilities regarding the property.
All the lots in our auction are open to bidding online, on the phone and by proxy, and you can register to bid by completing our simple online form here. We have a fantastic variety of lots on offer, meaning there is sure to be something for everyone.
Anyone looking for their next residential project in the Greater London area should look no further than lot 1, 38 Henrys Avenue in Woodford Green. While in need of a scheme of modernisation, this is a fantastic opportunity to acquire a home in a popular residential suburb. The property benefits from three bedrooms as well as good-sized front and rear gardens. With great potential to become a lovely family home, this property has a guide price of £475,000+ plus fees.
Moving into central London, anyone looking for a new home or investment in the capital, should be sure to check out Flat L at 1 Eaton Square, nestled within Belgravia. This two-bedroomed apartment is elegantly presented and benefits from the a resident caretaker/porter service, as well as access to Eaton Square Gardens and tennis courts. At a guide price of £600,000+ plus fees, it is not one to be missed.
Any developers looking for their next site should be sure to take a look at the the Land at Station Road in Hungerford. With a great position in the home counties, the site lies adjacent to Hungerford Train Station and extends to 0.77 acres. All trade buildings on the site have been demolished and cleared, making this the perfect blank canvas for the lucky buyer. The land has a guide price of £1.4 million+ plus fees.
Lot 6
- Land at Station Road, Hungerford, Hungerford, Berkshire RG17 0DD
- Guide price*
- £1,400,000+ (plus fees)
If a little bit of countryside paradise is more your thing, then The Horseblock in Staverton could be right up your street. This is a 3/4 bedroom cottage set in the heart of a well-regarded village, which has retained a number of period features such as beams and fireplaces. The property is in a lovely condition throughout, with a well fitted kitchen and master bathroom. This is a great opportunity to acquire a beautiful property in a lucrative area at a guide price of £460,000+ plus fees.
Lot 5
- The Horseblock, The Green, Staverton, Daventry, Northamptonshire NN11 6JB
- Guide price*
- £460,000+ (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
Lot 5
- The Horseblock, The Green, Staverton, Daventry, Northamptonshire NN11 6JB
- Guide price*
- £460,000+ (plus fees)
Lot 7
- 427 Chelsea Cloisters, Sloane Avenue, London, Greater London SW3 3EG
- Guide price*
- £300,000+ (plus fees)
Lot 9
- Flat 2, Teseo House, 124 Granville Road, London, Greater London NW2 2LD
- Guide price*
- £550,000+ (plus fees)
Lot 11
- The Elan Hotel, West Street, Rhayader, Powys LD6 5AF
- Guide price*
- £400,000+ (plus fees)
Lot 6
- Land at Station Road, Hungerford, Hungerford, Berkshire RG17 0DD
- Guide price*
- £1,400,000+ (plus fees)
Lot 8
- Flat 26, 6 Porchester Terrace, Paddington, London W2 3TL
- Guide price*
- £950,000+ (plus fees)
Lot 10
- Flat 24, Thurleigh Court, Nightingale Lane, London SW12 8AP
- Guide price*
- £400,000+ (plus fees)
Lot 12
- 66 Tranquil Vale, London, Greater London SE3 0BN
- Guide price*
- £420,000+ (plus fees)
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.