Online auctioneer prepares for major growth in 2018

John Pye Property
Richard Reed, Head of Property at John Pye Property

National auctioneers John Pye Property, is on track to offer a record-breaking number of properties this year through its online-only property auctions.

After bringing 392 properties with a combined value in excess of £90m to market during 2017, opening a new ‘northern hub’ in Salford Quays, Manchester to meet growing demand in the North West and expanding its expert team, last year was the most successful year to-date for the company.

Since its inception in 2013, John Pye Property has offered over 1000 properties through its auctions, offering £175m in sales of commercial, residential properties and plots of land through its auctions.

Richard Reed, Head of Property at John Pye Property, said: “2017 has been a fantastic year for John Pye Property. We achieved some major milestones which have put us in an even better position for 2018.

“In October last year, we offered our 1000th lot to market, totalling a lot value in excess of £150m since we began our property auction services. We are already on track to surpass the £200m milestone in the coming months.

“To meet this growing demand, we have invested in our staff to service our three regional ‘hubs’ in London, Nottingham and Manchester. Training is encouraged from within and three of our staff have recently become qualified auctioneers through the National Association of Valuers and Auctioneers (NAVA).

“More LPA receivers, banks, solicitors, insolvency practitioners and estate agents across the UK are choosing to use our unique online property auction method because of the value for money they are receiving, high level of customer service and our national and overseas reach to potential buyers and investors.”

2018 is John Pye & Sons Ltd 50th anniversary year, to mark the occasion the property division is offering 0% seller fees, 0% marketing costs, and 0% entry fees throughout the year for its monthly online property auctions.

Richard added: “The continued rates for 2018 are a thank you to our clients, old and new, who we can accredit much of this year’s fantastic growth to. We have been fortunate enough to grow our client base nationally this year, as more businesses realise the benefits of using an online-only auctioneer and benefitting from no agency fees. Overall, I think 2018 is only going to be bigger and better.”

“In addition to this and to celebrate our 50th anniversary year, John Pye Property will be launching a brand-new estate agency, servicing residential and commercial properties nationwide. Full details of which will be released later this year.”