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Episode 298 - The £50 check that could save you £29,000 at auction
10/13/2026
Episode 298 - The £50 check that could save you £29,000 at auction
The £50 check that could save you £29,000 at auction In this week's episode of The Property Rebel, Arsh Ellahi talks through one of the most expensive mistakes in property: bidding at auction without reading the legal pack. He admits he has bought blind himself because of the tight auction timeframes, and he is clear that it is a risky strategy nobody should copy. If a property is in an auction, there is usually a reason, whether that is a title issue, a problem with the building, missing searches or fees buried in the contract. Arsh then shares the story of an investor who booked a One Hour Property Coach call with him after buying a block of three flats in Wolverhampton for £200,000 at £25,000 a year rent. No viewing, no legal pack review. When Arsh went through the pack, there were no searches, no tenancy agreements, and a clause making the buyer pay the seller £29,000 of rent arrears, plus the auction fees, the seller's legal fees and other disposal costs, pushing a £200,000 buy towards £250,000 with £20,000 already down. Off the back of problems like that, Arsh has built auctionpackpro.co.uk, a platform where you upload the legal pack before you bid and get a report back within an hour for £50, listing what is in the pack and what is missing so you can hand it to your solicitor and decide properly. In this episode, you'll learn: Why properties end up in auction in the first place The red flags Arsh looks for in any legal pack How hidden fees turn a £200,000 buy into £250,000 What the 28-day completion deadline really means if you cannot complete Why you should never bid without seeing the tenancy agreements How Auction Pack Pro appraises a legal pack in one hour for £50 Timestamps 00:00 Intro 00:53 Property Investor App reminder 01:47 Buying at auction blind 03:20 The Wolverhampton coaching call 04:35 Red flags in the pack 06:02 The £29,000 rent arrears 06:49 The 28-day completion trap 07:39 Introducing Auction Pack Pro Join the Property Investor App WhatsApp Channel: Book Your 1 Hour Call with Arsh here: Wanna connect with Arsh? Click this link: Article 4 Checker: Want to know more about the Property Rebel? Head over to Arsh's YouTube Channel, where you can find lots more quality content and information. Have you heard about Arsh's app The Property Investor? You can download it directly to your mobile by clicking the links below: Apple Devices: Android Devices: Or Thank you for listening! #propertyrebel
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