Auction Watch

Auction houseNetwork Auctions

A London property auctioneer, part of BTG Eddisons Property Auctions. Auction Watch does not read Network Auctions' catalogue yet, so its lots are on its own website. This page covers how buying there works.

Network Auctions' website ↗

Buying at Network Auctions

  1. Choose a lot

    Check its floor area, guide and sold prices nearby, and view it if you can.

  2. Read the legal pack

    On Network Auctions' website: the special conditions, lease, searches and any fees on top of the price.

  3. Arrange the money

    The deposit, usually 10%, is due when the hammer falls; completion usually follows within 28 days. Auction finance.

  4. Register and bid

    Register with Network Auctions before the day and set your maximum before bidding starts.

More in our guide to buying property at auction.

Network Auctions: questions

When is the next Network Auctions auction?

See Network Auctions' website for its sale dates: Auction Watch does not read its catalogue yet.

What fees do Network Auctions charge buyers?

It depends on the lot. Most Network Auctions lots carry a buyer's administration fee, and some add the seller's costs to the price. The figures are in each lot's special conditions of sale in the legal pack: read them before you bid, as they are payable on top of the hammer price.

How do I bid at Network Auctions?

Register with Network Auctions on its website before the sale and have your identity checked; most auctions now take bids online, by phone and by proxy. If your bid wins, you exchange contracts there and then and pay the deposit, usually 10% of the price, and complete within the time in the special conditions, usually 28 days.

Where do I find the legal pack for a Network Auctions lot?

On the lot's page on Network Auctions' website, which usually needs a free account there.

What does Auction Watch add to the Network Auctions catalogue?

Nothing yet: we do not read Network Auctions' catalogue. For the houses we do read, we check every home inside the M25 against the EPC register, price it using sold prices nearby, and grade it A to E, free.

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