Auction Finance Case Study
Property Auction Success: £1.2M Same-Day Funding Secures Victorian Conversion
Case Study: Property developer James K. spotted a Grade II listed Victorian building at Savills auction with conversion potential for 6 luxury apartments but needed immediate funding for the £1.2 million winning bid.
Challenge: Required same-day funding guarantee for auction purchase with completion needed within 28 days of auction date.
Doulton Solution: Pre-approved auction finance facility providing immediate funds post-auction, with clear exit strategy through development finance for the conversion project.
Outcome: Successfully acquired the property, converted to luxury apartments worth £2.8 million, and achieved 100% pre-sales during construction phase.
Key Benefits: Same-day funding, auction expertise, seamless transition to development finance, London property specialists.
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