The tenement one-bedroom flat at 7 Airlie Street in Hyndland, in Glasgow’s West End, attracted 85 bids from eight competing buyers when it went up for auction recently. • Bid History
• Auction opened at £120,000
• Sold for £201,000 after eight potential buyers drove its price up
• 26 separate bids in the final nine minutes
The online property auction company, Online Property Auctions Scotland, revealed that the property had a Home Report valuation of £150,000.
Exceptional Value for Money
The flat’s exceptional value for money was reflected in the high demand for the property, with 85 bids from eight competing buyers. • Key Features
• Historic charm and modern living
• Needs complete refurbishment and renovation
• Similar property sold at £276,500 last year
Timothy Lovat, of Online Property Auctions Scotland, claimed he’d rarely seen such demand for a property. “The bidding was ultra-competitive for this exceptional Hyndland apartment, which offers the perfect blend of historic charm and modern living.”
In the final nine minutes alone, there were 26 separate bids as the price rocketed from £178,000 to the eventual winning sum. “There was huge interest even before we opened the bidding, with nearly 100 expressions of interest from around the world in the days leading up to Wednesday’s auction.”
Timothy Lovat added: “What made this so special is the fact that the flat needs complete refurbishment and renovation. The Winning Bid
• Bid Details
• Auction opened at £120,000
• Sold for £201,000
• Highest bidder: Unknown
A similar property at 11 Airlie Street sold in November last year for £276,500. “However, it is worth noting that a similar property at 11 Airlie Street sold in November last year for £276,500.”
Insights from the Online Property Auction Company
The auction company revealed that the property’s exceptional value for money was a key factor in its high demand. • Factors Contributing to High Demand
• Exceptional value for money
• Historic charm and modern living
• Needs complete refurbishment and renovation
Timothy Lovat further explained: “We had a lot of interest from people who are looking for a unique property to restore and bring back to its former glory. “There is a lot of potential in this property, and the right buyer could make it shine.”
Conclusion
The tenement one-bedroom flat at 7 Airlie Street in Hyndland, in Glasgow’s West End, is a rare gem that attracted 85 bids from eight competing buyers. The property’s exceptional value for money and unique blend of historic charm and modern living made it an attractive proposition for potential buyers. Despite the need for complete refurbishment and renovation, the property offers a lot of potential for the right buyer. • Final Thoughts
• The property is available for sale
• Interested buyers should contact Online Property Auctions Scotland for more information
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