SDL Bigwood’s first Coventry auction got off to a flying start at the Village Hotel, Dolomite Avenue, Coventry, as eager buyers turned up for the city’s largest-ever auction sale.

A packed salesroom resulted in a hugely successful auction which raised £1,893,500 with a success rate of 88 per cent.

Notably, every single Coventry-based lot sold.

Gurpreet Bassi, auctions partner at SDL Bigwood, now the UK’s fourth largest auction house, said: “We were delighted with the result of our first Coventry sale and it was a fantastic achievement by the entire auctions team at SDL Bigwood.”

Highlights included lot 8, a part vacant, part investment residential property at 18 Albany Road, Earlsdon, Coventry, which has been converted into seven apartments, with two of the seven currently let, producing a current gross income of £8,400. However, with all seven apartments let, a potential gross income of £29,400 could be achieved.

It sold for £330,000 off a guide of £235,000.

20 Peel Street, Coventry, sold for £82,500 off a guide of £65,000, 65 Park Lane, Wednesbury, £134,000 off £65,000, and 38 Upper St Marys Road, Bearwood, £130,000 off £90,000.

The sale also saw 100 per cent success rates for the ten garages on offer and ten properties in Middlesbrough.

SDL Bigwood’s next West Midlands auction is at Aston Villa FC on Thursday 8 December, with a closing date of Wednesday, 16 November. More details at http://www.sdlbigwood.co.uk/property/auction/34/future-auctions

The next Coventry auction is scheduled for 29 March and entries are now invited for this auction.