I actually bothered to look up the prices in the area and found this
What's the average house price in CT11 0AQ?
The average price for property in CT11 0AQ stood at £202,653 in March 2020. This is a rise of 0.52% in the last three months (since December 2019) and fall of 0.59% since 12 months ago. In terms of property types, flats in CT11 0AQ sold for an average of £152,385 and terraced houses for £202,653
His place on the other hand...
So was sold for less than the price of the average flat, and well under the market price for a similar house... 50 thousand quid less in fact...
One of the problems of having belligerent ex owners and illegal squatters breaking into the place and having 24hr security and steel shutters on it, is that buyers tend to be put off by such things, driving down the final sale price...
(plus the fact that they wouldn't even give showings of the interior means they wrecked the place...)
Accommodation:
The auctioneers were unable to inspect the property at the time of print. It is understood that the property comprises 2 bedroom accommodation. Purchasers are deemed to rely upon their own enquiries and inspections as to the internal layout of the property.
EPC Rating: To be confirmed.
Note:
Due to the internal condition of the property no viewings will be conducted.
Statements like this don't tend to inspire buyers to spend top dollar...
'IF' the original owner still had some equity in it, then they would have lost it for sure, if they managed to drive the price down that far that the price gotten at auction didn't fully cover the amount owed, then they would still be on the hook to pay the remainder off still (this would be up to the company involved whether it was worth their while to pursue it)
What a win for Crabby and his ilk....