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I have found that there are many people who don't like auctions. Again, this is specific to the area(s) that I invest in. In a buyers market it is not uncommon to have nobody to bid against at an auction. The few that turn up are usually other investors, so there is no emotion attached to the...

Depending on the quality of the renovations, and the area it is in, I would not be fussed about this at all. It is quite common in some areas for owners to get work done and not notify council.

I LOVE auctions where nobody bids. I've picked up a few well under market in this situation.