Online Auction Index

Welcome to our Q3 Online Auction Index – our market-leading quarterly focus on the UK residential online auction market.


Q3 2023 Online Auction Index 

Our third Index launches following our highest selling quarter since the business began 14 years ago. On behalf of our Partner Agents across the UK, we’ve sold over 2,500 properties in Q3. It’s been a phenomenal few months for auction, with record numbers seen every month.  

I understand that it’s still challenging out there, with a lower than average number of discretionary sellers coming to the market and mortgage rates still at the higher end. The situation has made it more difficult to win new instructions and secure sales, however our Partner Agents are benefiting from being able to offer auction as a solution, helping their clients to achieve their goals of a fast and more secure transaction.


Regional Success

  • All
  • North West
  • North East
  • Midlands
  • South
  • South West
  • South East
  • Wales
Highest Sale Price
Sold for £800,500
Northbrook Farm, Capenhurst, Cheshire
Jones & Chapman, Little Sutton
• 6 Bedrooms
• Farm House
• 2 viewings

Most Bids on a Property
91 Bids
Longmeadows, Ponteland, Newcastle Upon Tyne
Dobsons, Ponteland

• 4 Bedrooms
• Detached
• 30 viewings
• Starting bid £340,000
• Sold for £356,000
Most Bids on a Property
95 Bids
Rosemead Drive, Oadby, Leicester
William H Brown, Oadby

• 4 Bedrooms
• Detached
• 26 viewings
• Starting bid £180,000
• Sold for £272,000
Highest Sale Price
Sold for £2,381,500
Barrowgate Road, Chiswick
Barnard Marcus, Chiswick
• 6 Bedrooms
• Semi-detached
• 17 viewings
• Starting bid £1,950,000
• Sold for £2,381,500
Most Bids on a Property
121 Bids 
Orchard House, Wretton, Kings Lynn
William H Brown, Downham Market

• 3 Bedrooms
• Detached
• 83 Viewings
• Starting bid £200,000
• Sold for £285,000
Highest Sale Price
Sold for £720,000
Hinton Road, Easton, Bristol
Chappell & Matthews, Bristol

• 4 Bedrooms
• Character Property
• 19 viewings
• Starting bid £700,000
• Sold for £720,000
Highest Sale Price
Sold for £392,000
Cefn Betingau Farm, Morriston, Swansea
Dawsons, Morriston

• 5 Bedrooms
• Detached
• 4 viewings
• Starting bid £385,000
• Sold for £392,000

"Q3 has been our best quarter so far and has seen us sell more properties through auction than we have through Private Treaty.

Auction offers a solid and secure method of sale in addition to a great guaranteed commission.

It’s been a popular choice for vendors looking for a hassle-free sale and we’ve seen a particular interest from long distance sellers.

The iamproperty team are a great support and do a huge deal of the leg work once a sale is agreed, which really supports the transaction."

John O’Neill, Branch Partner, Cubitt & West

Website Assets S23

Consumer Viewpoint

Consumers are still facing higher costs of living and mortgage rates. We’re seeing less discretionary sellers than usual at this time of year testing the market, but more who are serious about buying and selling.

Auction activity is at an all-time high at a national level, with consistent quarter-on-quarter growth supporting agents and consumers to achieve their goals. Rightmove data mirrors what we’re seeing, with a 33% increase in the number of properties listed for sale via auction so far this year versus 2022. Sales agreed rose in line with this increase due to more properties being listed via auction and growing consumer awareness.

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Jamie's predictions for Q4

An overview of trends Jamie expects to see in the auction market during the final months of the year.
Increased demand

High volume of referrals

Demand for auction continuing to grow is a prediction I’ve shared in previous Indexes, and each quarter we’ve seen record numbers of sales. In Q3, we had the largest volume of referrals and instructions from our network to date. I’ve no doubt demand will hold strong throughout Q4, in line with current market pressures.

More auction referrals

Growing solution for fall throughs  

In Q3 we saw a higher than usual percentage of referrals coming in of properties which had fallen through Private Treaty. We understood the difficult position that fall throughs can put agents and vendors in and are glad that we’re able to help. I expect to see the same in Q4, supporting vendors who may not have initially opted to sell via auction, but come to reply on it to transact within a set timeframe.

Fixed transparent pricing

Secure pricing

The market is seeing an increase in already agreed offers being renegotiated far into the process of Private Treaty sales, with buyers chancing securing a saving during the final stages of a transaction, Auction doesn’t run this risk, with transparent pricing fixed and set from the beginning. Sale price is a priority and non-negotiable for many vendors wanting to get the best price for their property at the moment, so its an opportunity for agents to present auction as a favourable option to meet their circumstances.

View the Q3 Online Auction Index

View the Q3 Online Auction Index

Our Online Auction Index is the first of its kind for the UK, released at a time when the Modern Method of Auction market has never been more active.

View full Index
View the Q3 Online Auction Index

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