Spring auction 2025 review: McHugh and Co delivers strong results
Friday, March 28, 2025
McHugh & Co kicked off the Spring season with our second online auction of 2025, held on March 26th. This event saw 195 lots offered, with 148 successfully sold, bringing in a total of £26,854,000. The auction achieved a 76% success rate, reflecting the high demand for a variety of property types available in our Spring auction. Our online platform once again proved to be the perfect venue for both buyers and sellers to connect, with remote bidding making the process more accessible and transparent.
Top Lots of the Auction
Some lots truly stood out, with properties selling well above their guide prices, highlighting the strong competition in the market. Below are some of the top-performing lots from the auction:
1. Lot 3: Chingford – A stunning residential property
- Guide Price: £350,000+
- Sold For: £600,000
- Location: Chingford, East London
This property in Chingford was one of the highlights of the auction. With a guide price of £350,000+, it attracted strong interest, eventually selling for £600,000—£250,000 over the guide price. The property offers great potential for both first-time buyers and investors looking for a property in a well-connected area of East London. Its close proximity to transport links, green spaces, and local amenities made it an ideal opportunity for those looking to enter the London property market.
2. Lot 7: Crouch End – Charming period property in a prime location
- Guide Price: £800,000+
- Sold For: £1,032,000
- Location: Crouch End, North London
This Crouch End property was a true gem, attracting plenty of attention. With its guide price set at £800,000+, the lot soared to a final price of £1,032,000. This £232,000 above the guide price is a clear indicator of the demand for period properties in this sought-after North London location. Crouch End is known for its vibrant village atmosphere, excellent schools, and a wide range of independent shops, making it a highly desirable place for families and professionals. This sale showcased the area’s strong appeal, with bidders eager to secure a piece of this charming neighbourhood.
3. Lot 17: Cambridge – A solid investment opportunity
- Guide Price: £250,000+
- Sold For: £354,000
- Location: Cambridge
The Cambridge lot proved to be a great investment opportunity, with an initial guide price of £250,000+ and a final sale price of £354,000—£104,000 above the guide price. This lot was ideal for those looking to invest in a property with strong rental potential or for developers seeking opportunities in a city that continues to see growth. With its prime location near the University of Cambridge and major transport routes, it’s easy to see why this lot attracted significant attention, driving up the price.
4. Lot 18: Crouch Hill land – Prime plot with potential
- Guide Price: £20,000+
- Sold For: £84,000
- Location: Crouch Hill, North London
The Crouch Hill land lot was another standout, offering incredible value and potential. Starting with a modest guide price of £20,000+, it sold for £84,000, significantly exceeding expectations. The plot of land attracted attention from developers and investors looking to capitalise on the growing demand for space in North London. This sale is a reminder of the growing interest in land with potential in residential areas.
A strong start to 2025
Following on from our February auction, the success of this Spring auction on March 26th proves that the property market remains buoyant, with competitive bidding for a wide range of properties. Whether residential homes or investment opportunities, the auction attracted serious interest from buyers across the board. The strong results, particularly with many lots selling above their guide prices, reflect the continued demand for quality properties, especially in sought-after locations.
Live Bidding & Real-Time Results
One of the highlights of this auction was the Live Bidding & Real-Time Results feature. This feature allows bidders to track the performance of their lots in real-time, gaining insights into how bids were progressing and the final sale prices. The transparency and instant feedback it provided made the auction experience even more exciting and dynamic, allowing buyers to make quicker, more informed decisions.
Next Auction: 15th May 2025
Looking ahead, McHugh & Co will be hosting our next online auction on 15th May 2025. Entries are now invited for this auction, and we’re excited to offer a fresh selection of properties. If you’re looking to buy or sell, this is the perfect opportunity to get involved.
Don’t miss out! Mark your calendars and stay tuned for more details.
- Author: mchugh
- Categories: Uncategorized