SDL Property Auctions dominates the August auction scene
Dominating the property auction market this summer is SDL Property Auctions which offered a quarter of all auction properties in the UK during August.
Traditionally a quiet period for the industry, August was anything but for the company, which held the month’s biggest property auction in the UK for the second year running.
Managing director and auctioneer Andrew Parker said: “We are thrilled to be responsible for one in four of the nation’s auction properties this month and feel this big market share is a strong sign of the trust people place in SDL Property Auctions to sell their properties quickly, with no hassle and at the best price.”
Among its many successes in the August National Property Auction was the sale of 2 Grasdene Grove in Birmingham, a semi-detached house on a corner plot which had been previously offered for sale by another auction house. SDL Property Auctions sold it for £270,000 from a *guide price of £165,000+.
Andrew said: “Of course not every lot sells in an auction and this property’s success this month could simply be a matter of timing but we like to think we reach a wider pool of buyers as the UK’s most successful live-streamed auctioneer. We are delighted to achieve such a great result for the seller.”
Another impressive result was achieved in the National Property Auction for the seller of a chalet-style bungalow in Nottingham. 23 Cleve Avenue in Toton (pictured) has two reception rooms, two double bedrooms and far-reaching views over the neighbourhood. It sold for £258,000, almost double its guide price of £135,000+.
Andrew said: “Bungalows are always popular and this is an excellent investment opportunity with the opportunity to add value and in a prime location within walking distance of Nottingham’s popular tram network.”
In Lancashire, a well presented semi-detached house was offered for sale in partnership with Entwistle Green. With gardens front and rear, an open-plan living and dining area and three bedrooms, 113 Rhodes Avenue in Blackburn sold for £139,000 from a guide price of £127,000+.
The National Property Auction was held towards the end of a busy month for SDL Property Auctions, which has held Timed Auctions and Buy it Now sales every day, featuring everything from garages to commercial properties, country cottages and city apartments.
A second-floor apartment in London was among the Timed Auction lots, sold with sitting tenants in partnership with Bairstow Eves. 11 Priory Court in Romford has an open-plan living area, fitted kitchen, double bedroom and balcony. From a guide price of £170,000+ it sold for £183,000.
Among the Buy It Now sales was a mixed-use property in Lincolnshire which sold for a fixed price of £150,000 in partnership with John Taylors. Wold Antiques, 35 Queen Street in Market Rasen is a three-storey property featuring a ground-floor retail unit and a two-storey apartment with four bedrooms above.
Andrew added: “Our Buy It Now sales are an increasingly popular way of selling properties, with all the benefits of auction’s speed and certainty while being perfect for sellers seeking a straightforward sale with the peace of mind provided by a fixed price.
“By offering all auction methods, we are able to serve a wider range of sellers and are always happy to advise them so they can choose the most suitable method for their property and timetable.”