John Pye · UK property auction

Bid on John Pye lots with the legal position priced in - not exchanged blind.

John Pye Property is the property arm of a wider asset and insolvency auction group, run from a Nottingham head office and selling residential, commercial and land lots across the UK. Sales are timed online only, with lots closing from 11am and a three-minute rule extending any lot that receives a late bid. Much of the stock arises from insolvency and asset-recovery instructions, which shapes both what is disclosed and what is not.

Region: United Kingdom, run from a Nottingham head office.
Auction calendar: Timed online only, with lots closing from 11am. Bidding runs on a three-minute rule: a bid in the final three minutes extends that lot by a further three minutes. Events are listed individually on the John Pye Property platform rather than as a fixed annual diary.

Page reviewed 4 September 2026

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John Pye Property Auctions

How John Pye legal packs are structured.

The buyer-side charges here are unusually layered, and they materially change what a winning bid costs. A Buyer’s Premium, a separate Buyer’s Payment and an anti-money-laundering fee all apply, and successful bidders have 24 hours after the sale to supply AML identification and pay the buyer’s payment.

The auctioneer is John Pye Surveyors Ltd trading as John Pye Property, and sales run on the RICS Common Auction Conditions, third edition, together with a published set of amendments to those conditions - the amendments are a document in their own right and need reading alongside the standard conditions rather than assumed away. Addenda are issued as a supplement to the catalogue or as a notice from the auctioneers on the auctioneer’s website. The charging structure is where this house differs most from the rest of the market: a Buyer’s Premium of 3% subject to a £4,500 minimum including VAT, a Buyer’s Payment of 13% subject to a £9,000 minimum, and an anti-money-laundering fee of £30 per person. On lower-value lots the minimums dominate, so the effective cost of a small purchase is proportionately far higher than the percentages suggest. Successful bidders then have only 24 hours after the sale to supply AML identification and pay the buyer’s payment.

Pack conventions at John Pye

The auctioneer is John Pye Surveyors Ltd trading as John Pye Property, the property arm of a wider asset and insolvency auction group
Sales run on the RICS Common Auction Conditions (third edition) with a published set of amendments to those conditions, which must be read alongside them
Buyer-side charges are unusually layered: a Buyer’s Premium of 3% subject to a £4,500 minimum including VAT, a Buyer’s Payment of 13% subject to a £9,000 minimum, and an anti-money-laundering fee of £30 per person
On lower-value lots the minimums dominate, so the effective cost of a small purchase is proportionately much higher than the percentages imply
Successful bidders have 24 hours after the sale to supply AML identification and pay the buyer’s payment
Addenda are issued as a supplement to the catalogue or as a notice from the auctioneers on the auctioneer’s website

What John Pye sells

Residential, commercial and land, frequently arising from insolvency and asset-recovery instructions. Insolvency sellers give limited title guarantee, rarely answer enquiries and often have no direct knowledge of the property, so packs tend to be thin and the burden of establishing the position falls on the buyer. The review is accordingly weighted towards what the register and the conditions establish on their own, and towards quantifying what remains open.

For how the process works across every house, see our auction legal pack review page.

A realistic example

Three findings from a John Pye review.

Anonymised illustrations, chosen to be representative of the issues that arise on John Pye lots. Every report rates each finding red, amber or green and sets out what to do about it.

F-01 Red

Minimum buyer charges exceed the margin on a low-value lot

On a lot at the lower end of the catalogue, the £4,500 minimum premium and £9,000 minimum buyer’s payment together exceed the allowance in the appraisal, changing the viability of the purchase.

F-02 Amber

Amendments to the Common Auction Conditions vary the standard position

The published amendments alter the standard conditions in respects that affect the buyer, and are a separate document from the conditions themselves.

F-03 Green

Registered title consistent with the catalogue description

The register confirms the tenure and extent described, with no restrictions requiring compliance on transfer.

Anonymised examples · illustrative only · not drawn from any identifiable lot

The review

The Bidq review for John Pye lots.

Upload the pack, answer five questions, and an SRA-regulated solicitor reads every document against a structured framework - title, special conditions, searches, leases and tenancies - returning a bid posture, category scores and numbered R/A/G findings.

Standard Report £595 + VAT · average turnaround 28h 24-Hour Report £895 + VAT · expedited SLA Complex Transaction Review £1,495 + VAT · senior solicitor review

The full process is set out on how it works, and you can read a complete report on the sample report page.

FAQ

John Pye - common questions.

Quick answers on coverage, turnaround and how Bidq fits alongside your solicitor.

What will a John Pye lot actually cost me on top of the hammer price?

More than most, and the structure is layered. A Buyer’s Premium of 3% applies subject to a £4,500 minimum including VAT, a separate Buyer’s Payment of 13% applies subject to a £9,000 minimum, and an anti-money-laundering fee of £30 per person is charged. On lower-value lots the minimums dominate and the effective cost is proportionately far higher than the percentages suggest, so it needs modelling before you bid rather than after.

Why do the amendments to the Common Auction Conditions matter?

John Pye sells on the RICS Common Auction Conditions, third edition, but publishes a separate set of amendments to those conditions. The amendments vary the standard position in respects that affect the buyer, and because they sit in their own document they are easy to overlook. The review reads them alongside the standard conditions and the lot-specific special conditions.

I have 24 hours after the sale to pay. Is that as tight as it sounds?

It is tight. Successful bidders have 24 hours after the sale to supply anti-money-laundering identification and pay the buyer’s payment. Identification in particular is worth preparing in advance, especially for corporate buyers or overseas bidders where documents take longer to assemble. This is a bidding-process requirement rather than a legal-pack matter, but it is a common source of avoidable difficulty.

John Pye stock often comes from insolvency. What should I expect from the pack?

Expect it to be thin. Insolvency sellers give limited title guarantee, rarely answer enquiries and often have no direct knowledge of the property. The review therefore concentrates on what the register and the conditions establish independently, and is explicit about what remains open so it can be priced into the bid rather than discovered afterwards.

How does the three-minute rule affect my bidding?

Lots close from 11am, but a bid placed in the final three minutes extends that lot by a further three minutes, and repeatedly so. A contested lot can therefore run well past its scheduled close. The discipline that matters is having a maximum set in advance from the full acquisition cost - including the layered buyer charges - and holding to it once the extensions start.

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