Property Auction Success Story – Long leasehold flat under Receivership, Westminster

The power of auctions: Hyde Park flat sells for 26% over guide.

Andrew delves into the intriguing sale of Lot 16: a 3 bedroom, long leasehold flat under receivership at Hyde Park Place, Westminster.

Moments away from Marble Arch and with Hyde Park on its doorstep, this lot was extremely popular on the day.

This success story is a true example of the power of auction, with the underbidder being swept up in the excitement of the auction and exceeding their maximum bid of £850,000 which ultimately led to the figure of £1,010,000 being obtained for the property.