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Buying at auction - what you need to do

A property auction can be a thrilling way to buy property, and snap up a bargain. They aren’t just good for buying repossessed homes, it’s now possible to buy all kinds of properties at auction. However it is essential that you do your homework before trying to buy a property at auction, and you need to put a number of important things in place before you go. It does't matter what your reason for buying at auction is, the key to success is preparation.

Commercial investors eye up opportunities in the next SDL Auctions Derby auction

An old favourite heads up the commercial lots in SDL Auctions Graham Penny’s Derby auction at Pride Park Stadium on Thursday 1 November which will see 56 lots go under the hammer.

From an area that is always very popular with commercial investors, 63-67 Wardwick in Derby is a valuable freehold property in the city centre. It comprises two ground floor retail units and one rear office or stage unit.

Major projects for redevelopment

There are plenty of properties for DIY fans looking for projects in the SDL Auctions Graham Penny auction on Thursday 1 November at Pride Park Stadium in Derby.

Robert Stone, senior valuer at SDL Auctions Graham Penny, said: “Our 56 lot catalogue features several examples of properties that can be developed into great family homes after they have been renovated.”

80% SALES ACHIEVED AT LATEST SMITH AND SONS AUCTION

Property auctioneers, Smith and Sons, raised over £2.5million its latest auction, selling in excess of 80% of the lots offered.

A busy room at the Village Hotel in Bromborough, together with multiple phone bids, generated good interest which resulted in another successful sale. The majority of potential buyers were investors and developers either looking to buy their first investment or strengthen their portfolios.

Auction House entries hit an all-time high

Leading property auctioneer Auction House is reporting the highest number of monthly entries in the eleven year history of the company.  

The group has entered 810 properties into its October catalogues – the first time that it has ever exceeded the 800 lot milestone in any given month.  

The impressive performance is matched by the group’s sales in September, when Auction House sold 425 lots from 618 offered (up 7% from 397 sold in 2017) – delivering a success rate of 68.8%, and raising £51.3m in the process.  

Variety is the secret at SDL Auctions Cheshire & North Wales auction

Buyers at SDL Auctions Cheshire and North Wales’ auction at Chester Racecourse were clearly keen on the variety of properties on offer.

The properties sold ranged from a cottage to a mixed use retail unit with accommodation above, to a maisonette and an apartment.

Freehold investment with asset management potential in SDL Auctions Bigwood’s October auction

A fully let high street retail parade in Smethwick, Birmingham, is being marketed for sale by GVA in partnership with SDL Auctions Bigwood.

The property has provisionally been entered into SDL Auctions Bigwood’s October auction with a guide price of offers in excess of £1.1 million, while a private treaty marketing process is run in tandem by GVA.

Is this the unluckiest building in Britain?

Dunbar House, also known as Danbert House, is a forlorn sight in Morfydd Street, Swansea. It’s once glorious Gothic gables are derelict and weeds have taken the place of the magnificent stonework that used to adorn the windows.

Historical Welsh chapel for sale by online auction with SDL Auctions

A Welsh chapel dating back to the pre-Victorian 1830s with views of Snowdonia is for sale in an online auction with SDL Auctions, in partnership with agents Dafydd Hardy.

The Capel Bethmaaca in Glasinfryn, near Bangor, Gwynedd, was first built in 1836 during the reign of William IV – Queen Victoria’s uncle – and was later rebuilt in both 1866 and 1895.

Edward Mellor September Auction Results

The auction room at the AJ Bell Stadium was a little quieter than usual which was to be expected in the final few weeks of summer.

Featuring over 60 residential and commercial properties from across the North West, Edward Mellor's line-up attracted the attention of developers, investors and homebuyers.

It was clear every buyer in the room had their eye on a particular property, which led to some incredible sale prices last month.

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