SDL Auctions’ first two-day national property auction has been hailed a success after 200+ properties went under the hammer, bringing the total raised for sellers during October to £20 million.
And it was a win for buyers, too, who don’t have to worry about rushing to complete their purchases before the stamp duty holiday ends. Thanks to the speed and efficiency of a property auction, most buyers will be taking possession of their new properties before the end of November.
Day one of the national property auction was an eight-hour bumper sale of residential lots, while
Sutton Kersh held their penultimate auction of the year on 22nd October, generating sales worth over £9 million.
The Sutton Kersh team sold just over £4.2 million worth of property prior to auction and a further £5 million on the day. The value of sales for the 40 properties that were sold prior was a record for the team.
The auction itself had over 350 people registered to bid and was again watched by hundreds of people throughout the country. Terraced properties in Liverpool were in high demand at this auction with the majority selling for over their guide price.
Bidding was strong
Bond Wolfe Auctions, launched in January 2019, has been named Newcomer of the Year 2020 in a prestigious Midlands business awards ceremony.
In a virtual event streamed online, Bond Wolfe Auctions beat off competition from some of the region’s most exciting new ventures, to be singled out by the judging panel of TheBusinessDesk.com.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “It has been an extraordinary 21 months for all of us.
“We launched with a small but highly experienced team and we were delighted when so many of our old friends and contacts in the auction
FOR AUCTION: A former police office, a snooker hall, a library and a church are among the varied lots being sold in SDL Auctions’ dedicated sale of commercial properties.
They will be sold on Friday 30th October, the second day of the auctioneer’s first two-day 224-lot auction, following a day devoted to residential property sales.
Managing director and auctioneer Andrew Parker said: “I’m delighted to be able to offer our first two-day national property auction of over 220 lots. By holding the auction over two days, with a combined catalogue of over 200 lots for the third time in as
Storham House in Stoke Green, Coventry is set to be sold in an online auction by Network Auctions on the 5th November. The attractive period building which is arranged as 6 x 1 bedroom flats over three floors has a guide price of £370-380,000.
Toby Limbrick, auctioneer, says, ‘We are delighted to be able to offer this property on behalf of a housing association. Storham House offers a wonderful opportunity for both investment and future development. We anticipate the yearly rental of the existing flats when fully occupied to be £46,800.’
The property, which is set back from a pleasant
A growing demand for a hassle-free property sale has seen SDL Auctions achieve a hat-trick of 200-lot catalogues, with its latest offering featuring 222 properties ahead of its first two-day auction.
This success echoes the boom currently seen by the wider property market, as buyers rush to take advantage of the stamp duty holiday – but managing director and auctioneer Andrew Parker says astute homemovers will make their move via auctions.
He said: “An auction sale gives you the best price with the advantage of being fully transparent, fast and certain. There’s no risk of the lender
Auction House has made over £300m worth of property sales in the year so far (£300,877,878) – well ahead of any other residential auctioneer.
Cumulative sales for 2020 currently stand at 2300 lots sold from 2913 offered, at a strong success rate of 79%.
Commenting on the figures, Auction House Founding Director Roger Lake said:
“As can clearly been seen from the figures, the pandemic hasn’t held us back! Indeed, we have functioned very effectively throughout the lockdown, as well as after the easing of restrictions, and now during what is being described as a second surge.
A pair of neighbouring cottages once used by caretakers of a school in Wolverhampton are among the star properties in Bond Wolfe Auctions’ next auction later this month.
The three-bedroomed, semi-detached homes at 1 and 2 Marsh Lane in Fordhouses will have an attractive guide price* of just £148,000+ in the online-only, live-streamed auction on Wednesday 28 October.
The properties, being sold on behalf of Wolverhampton City Council, are set back from the road in a corner position with gardens and a driveway approach that are adjacent but now unconnected to a school that’s been on the
As the latest data from Nationwide reports that ‘pent-up demand’ has led to the highest property price growth for four years, the team at SDL Auctions are proud to have been ahead of the trend and still leading the way.
Managing director and auctioneer Andrew Parker said: “The media are calling it a post-lockdown property boom but we have experienced no decrease in appetite from buyers throughout the pandemic.
“Thanks to the adaptability of our team and our commitment to our sellers, we have maintained a consistent auction schedule from the very first days of lockdown. As a result, we
A rare opportunity to buy an eight-bedroomed Midlands farmhouse with consent to create two large homes is coming up at Bond Wolfe Auctions’ next auction later this month.
The Georgian property on Otherton Hall Farm, near the hamlet of Otherton near Penkridge in South Staffordshire, will have a guide price* of £395,000+ in the online-only, live-streamed auction on Wednesday 28 October.
Aptly known as The Farmhouse, the spacious building is thought to be at least 200-years-old and is currently a detached house ranging over four floors including the attic, with an additional basement.