Property Auctions Frequently Asked Questions
We hope you find all the information you need for our Property Auctions on our website. For ease of reference we have also compiled a list of Frequently Asked Questions.
Where exactly are the Property Auctions held?
Cheffins' Property Auctions are held at our Salerooms in Clifton House, 1-2, Clifton Road, Cambridge, CB1 7EA.
What type of properties are best suited for a property auction?
Properties in need of refurbishment or with development potential, agricultural or amenity land and building plots sell well at auction. Similarly investment properties and unique properties are in demand from buyers.
What do I need to do to bid at auction?
You can register as a buyer on the day of the auction, but please note that we require two forms of identification and the details of your solicitor.
Can I bid by telephone or proxy?
You can bid by telephone or proxy but you will need to complete a Sale Memorandum and a Telephone Proxy Bidding Form. The forms need to be returned to us at least 24 hours before the auction.
What do I need to pay if I am the successful bidder?
The purchaser will need to pay a deposit of 10% of the purchase price (subject to a minimum of £3,000) and the buyer's contract fee of £500 + VAT.
Where can I find the Legal Pack?
All of the legal packs can be downloaded free of charge from our website and they are usually available two - four weeks prior to the auction date.
Can I view the property before the auction?
All properties can be viewed prior to the auction taking place. Check the bottom of the catalogue listing for specific viewing times for each lot. Pre-arranged block viewing times are usually arranged by our auctioneer for properties; for parcels of land it may be possible to view the lot unaccompanied but again check the catalogue for more information.
Can I make an offer before the auction?
You can make an offer on any lot prior to the auction taking place however it is the vendor's decision whether to accept or not. If an offer is accepted, it will be on the basis that you exchange contracts before the date of the auction so please ensure you are in a position to do this.
Do properties have reserve prices?
Almost all properties have reserve prices but unfortunately most reserve prices are not disclosed.
What is the normal sale completion period after an auction?
The standard completion time is 20 business days after the auction but check the Special Conditions of Sale within the Legal Pack, as it may vary in certain circumstances.
What happens if a lot is unsold?
If you are interested in an unsold lot, please speak to one of the auction team. It is possible to put forward an offer on an unsold lot. We advise you to act quickly as post-auction sales can be agreed within minutes of the auction ending.
Where are the auctions held?
Every property auction is held in our purpose-built saleroom at our Head Office at Clifton House, 1-2 Clifton Road, Cambridge, CB1 7EA.
Is there parking available at the auction?
There are approximately 30 parking spaces available on site, behind Clifton House. There is also an NCP car park available a little further along Clifton Road.
Is the cafe open during the property auction?
The cafe is open for complimentary light refreshments.