Key Takeaways
- Units go to auction when rent isn’t paid; sold as a whole
- Online auctions are most common via sites like iBidOnStorage
- Only one photo shown per unit, no touching or entry
- Winners usually have 24–48 hours to clear the unit
- Some auctions have uncovered cash, vintage games, rare items
- Our partner, Keeper's Cottage, manages the auction process of unclaimed HOLD storage units
You're likely familiar with storage auctions from the show Storage Wars, where bidders compete in a storage unit auction packed with hidden surprises.
For bargain hunters, resellers, or those simply curious, these events offer the chance to bid on the contents of abandoned storage units.
As the UK self-storage industry grows beyond £1.2 billion a year, more units are entering the market, and more are ending up at auction.
While a storage auction doesn't guarantee a hefty fortune, with careful prep, you have a good chance of making a decent profit.
Read on to learn how storage auctions work in the UK, where to find them, and how to bid with confidence.
Table of contents
- What is a storage auction?
- What types of storage auctions are there in the UK?
- How do I find upcoming storage unit auctions?
- How does the storage auction process work?
- What do I need to bring to self storage auctions?
- 5 Tips for first-time bidders
- Famous storage auction finds you won’t believe
What is a storage auction?
Storage units in the UK are often put up for auction when a customer defaults on paying their bills. When someone stops paying for a storage unit, the contents may be auctioned off to clear the space.
- They typically involve abandoned storage units, helping facilities recover costs and free up space for new customers.
- They're only held after multiple attempts to contact the renter have failed.
- Units are sold as a whole, and bidders cannot buy individual items.
What types of storage auctions are there in the UK?
There are two types of storage auctions in the UK: In-person and online. Each has its own benefits, depending on your bidding style and availability.
Online storage auctions
In the UK, most self storage auctions take place online. Platforms like iBidOnStorage host listings on behalf of storage companies.
Before bidding, buyers typically see just one photo of the unit, taken from the doorway. This follows a strict "look but don’t touch" policy.
Benefits
- When bidding online, you can take more time to assess photos and compare listings before placing your maximum bid.
- You can take part from anywhere, without needing to travel to the storage lot.
- An online storage auction lets you enter your max bid in advance so the system bids automatically up to that amount.
- Online storage often offer more listings, giving you a wider choice of units.
- An online auction lets you buy the contents of abandoned storage units without needing to travel.
In person storage auctions
These are less common in the UK and typically occur when various units are being cleared simultaneously. They let you visit the storage lot, view the units from outside, and place live bids directly at the storage facility.
Some in-person auctions accept cash only, so check the payment rules before attending.
Benefits
- You can see the storage units with your own eyes, which may help spot hidden treasures lurking in the back.
- Live bidding can be faster and more exciting than waiting for online deadlines.
- Attending in person may provide access to private or local auctions that are not listed online.
How do I find upcoming storage unit auctions?
Most storage companies use online auction houses to list abandoned storage units and share details like size and contents. But don’t stop there; try these extra steps to find more auctions:
- Contact storage providers in your local area about upcoming listings
- Join social media groups, forums, or mailing lists
- Check local newspapers or noticeboards for announcements
- Some providers list auctions on eBay, so follow those accounts for early access
Top tip: Smaller providers may run their own private auctions, not listed on major sites; stay alert to catch these hidden opportunities.
How the storage auction process works
Understanding the storage auction process can help you bid more confidently and avoid common pitfalls. Here's what to expect at each stage:
1. Self storage units are flagged for auction
Storage auctions usually happen when a customer defaults on payments. The storage facility will first try to contact the renter and settle the account. If those efforts fail, the unit is marked as abandoned.
Under UK law, storage companies have a legal right (known as a lien) to sell the contents to recover unpaid rent, but only after giving proper notice and a grace period to pay.
Some storage providers use auction houses to manage larger or in-person sales. Each facility sets its own rules on timing, fees and accepted payment methods.
2. Auctions are scheduled and advertised
Once a unit is ready to be auctioned, the storage provider sets a date and advertises it. Most UK storage companies use online platforms for convenience and reach.
Some may also list auctions through their own websites, mailing lists, or local networks.
3. Units are viewed before bidding
Whether an online or in person, self storage units are offered under a “look but don’t touch” policy. Bidders are usually shown one photo taken from the entrance. You won't be able to enter the unit or inspect individual items.
Remember to focus on packaging, visible item types, and how neatly the unit is arranged to assess potential value.
4. Bidding at live and online auctions
Online storage unit auctions are the most common in the UK. These let you place bids over several days, giving you time to research, compare listings, and enter your max bid in advance. When bidding ends, the top bidder secures the entire unit.
In-person auctions involve live, fast-paced bidding at the storage facility. Like online auctions, the winner takes ownership of all the items inside the self storage unit.
Remember, only the highest bidder at a storage auction can acquire the entire contents of a unit, not individual items.
5. What happens after you win?
Some providers require you to clear self storage units quickly, often within just 24 to 48 hours. If you are late, the storage facility may charge additional fees or daily rent.
Most auctions accept card or bank transfer, but always check the payment terms before you bid.
If you plan to leave the unit in between collections, confirm with the storage facility to avoid any penalties or access issues.
Winning a storage unit auction means taking responsibility for everything inside, so factor in transport, time limits, and disposal costs in advance. It’s better to be over-prepared than stuck clearing a unit halfway to the deadline without help or a vehicle.
What do I need to bring to self storage auctions?
For online auctions:
- Registered account on the auction platform
- Valid payment method
- Transport plan and packing supplies
- Way to track deadlines and bidding history
For in-person auctions:
- Photo ID for registration
- Cash or card (depending on the auction’s terms)
- A torch to view darker corners of the unit
- Gloves or protective gear for clearing contents
- A van or large vehicle (this can save you making multiple trips and helps ensure you clear the unit on time.)
- A printed copy of the auction rules
- A padlock in case you need to secure the unit in between collections
5 Tips for first-time bidders
Self storage auctions don't have to be a huge gamble like you see on Storage Wars. Use these tips to avoid surprises:
1. Set a budget before you bid
Storage auctions can move quickly, especially in live settings. Set a clear maximum bid and stick to it. In other words, set yourself a price limit before bidding begins.
Getting caught in a bidding war can lead to overpaying for a unit that isn't worth the cost.
2. Understand what you might find
An abandonded self storage unit usually contains household items. However, you can discover hidden treasures like vintage console hardware, valuable items, or collectable memorabilia.
Top tip: Make sure to research typical auction finds and resale values so you can estimate potential profit.
3. Know how to inspect what you’re bidding on
You can’t touch anything in the unit, but there are clues you can look for:
- Check for sturdy boxes or labelled containers
- Look at how neatly the unit is packed
- Use a torch to get a better look in darker corners of the photo
- Spot signs of commercial stock or sealed items
4. Avoid common mistakes
- Don’t assume everything in the unit is valuable
- Watch out for broken furniture, old mattresses, or water damage
- Avoid overbidding on emotional impulse
- Choose storage auctions that are conveniently located. Factoring in travel time and transport costs will save you stress and money.
5. Be ready to remove everything fast
If you win, you’ll usually have 24 to 48 hours to clear your new self storage unit and remove all items. This means bringing boxes, tools, and transport. Some storage facilities charge rent or interest if you’re late, so be prepared.
Some of the best advice comes from those who’ve done it before. Many successful buyers share their finds and strategies online.
What could I win at a storage auction?
Every storage unit is a mystery, and that’s part of the exciting prospect. While not every lot is packed with valuables, buyers often find items worth keeping, reselling, or restoring. Here’s what you might uncover:
- Vintage games and consoles
- Antiques or collectables
- Designer clothing or accessories
- Tools and electronics
- Furniture or homeware
- Business stock or sealed items
- Cash or hidden valuables (rare, but possible)
Most units contain everyday items, but the surprise is part of the appeal.
Check out Abandoned Storage Units UK on YouTube for a realistic look at UK storage finds.
Famous storage auction finds you won’t believe
While most storage units contain household items, there are occasionally hidden gems lurking in the back that surprise even seasoned buyers. Some of the wildest finds rival scenes from Storage Wars. Who knows? Maybe you'll be uncovering valuable treasures at your next storage unit auction!
Over £6 million found in cash safe
In 2018, a buyer purchased a unit from Storage Wars star Dan Dotson for just $500. He discovered a safe inside containing over $7.5 million in cash. He later returned most of it to the original owners after a reward agreement was made.
Classic video games treasure
Image is representation
A storage unit purchased by a California man contained vintage game consoles and cartridges later valued at over £40,000.
Amelia Earhart photographs
In 2011, a California buyer uncovered a collection of original photographs of Amelia Earhart. Each print was later valued at approximately £614.
Porcelain “holy grail” find
At a UK in-person storage auction, a buyer discovered a unit filled with rare porcelain pieces. One item alone was later appraised at around £31,000.
Superb self storage with HOLD
Need secure storage for your precious finds? HOLD Self Storage can help. Whether you're storing auction wins or decluttering your home, our next-gen facility offers 24/7 access, top security, and flexible terms to suit you.
While we don’t run auctions ourselves, our trusted partner, Keeper's Cottage handles the clearance and sale of unpaid or abandoned storage units.
Get a free quote for storage today, a price match within 3 miles, and 50% off for 8 weeks.
Frequently Asked Questions
Can you buy unclaimed storage units in the UK?
Yes, you can bid on abandoned units through sites like iBidOnStorage, eKonnect, and eBay. Just note that you usually can't inspect the contents beforehand.
How much do self storage units cost per month in the UK?
Small units (20–50 sq ft) cost £60–120 per month. Medium units range from £180–300, and large units (200+ sq ft) start from around £360. Explore our guide to self-storage prices for the most recent statistics.
Can I use a storage unit as a workshop in the UK?
Some providers allow it with approval, but activities like power tool use or hazardous materials are often restricted. Business units may be available with different terms.
Is it legal to sleep in a storage unit in the UK?
No. It's illegal to live or sleep in a storage unit. They're not designed for habitation and lack basic facilities.
What happens if I stop paying for my storage unit?
If payments stop, the provider may claim legal possession of your items. After notice is given, they can auction the contents to recover costs.
