Auction roundup – marching for the end o…

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The new catalog includes a variety of attractive investments, with opportunities across the country, including in-demand locations such as London, Surrey and Sussex.


Buyers will be able to choose from a diverse mix of homes, apartments, land rental investments, as well as mixed-use schemes, care homes and development sites.


Highlights of the upcoming sale include:


  • Lot 34 – four freehold buildings offering a total of 45 bedrooms to let in Finsbury Park, London, with potential for conversion into self-contained apartments, guided to over £7million
  • Lot 47 – a 40 bedroom freehold detached care home in Surrey (GIS approx 19,162 sq ft) with potential for redevelopment or change of use, subject to consents. This lot is guided to over £3.3million
  • Lot 41 – a freehold three storey detached building developed to provide four self-contained apartments, located in London, guided to over £2million
  • Lot 110 – a former freehold hotel and block of six self-contained apartments with ample parking located in Hastings, East Sussex, with potential for reconfiguration and development, guided to over £2million


Richard Adamson, Partner and Auctioneer at Allsop, comments: “We are delighted to publish our second catalog of the year with over 200 lots on offer. The catalog includes a variety of high-quality investment and development opportunities across the country and is 10% larger than the one released in March 2021.”


“As the UK economy emerges from the pandemic, the residential market continues to strengthen, and we expect to see a busy few weeks before the auction, with buyers looking to quickly express their interest in the most coveted lot.


Allsop’s next residential auction will be held virtually on March 31. The full catalog is available here.


SDL Property Auctions ends the month strong with a hat-trick of auctions


A treble of live stream auctions and daily timed auctions meant another busy month for SDL Property Auctions, with many types of sales under the hammer.


After the Shepherd Commercial Property Auction and the remarkable Knight Frank Auction, the National Property Auction ended February on a high note.


Over the past two years, the auctioneer has grown from a regional auctioneer to one of the national market leaders, whilst maintaining strong roots in the East Midlands.


This was evident in the live-streamed national property auction, starting with a Nottingham property that exceeded all expectations.


In the center of West Bridgford, 14 Hound Road was offered for sale with a guide price of over £450,000 and sold for £704,000. The detached Victorian property has seven bedrooms and would make a ‘superb’ family home or investment/development opportunity, subject to planning permission.


Also in Nottingham, a detached bungalow in Beeston sold for £344,000 from a guidebook of over £235,000. Sitting on substantial land with potential for further expansion, 1 Field Lane has three bedrooms, two reception rooms, a conservatory, garage and front and rear gardens.


In nearby Leicester, 49 Kirby Road is another property that has drawn enthusiastic bidding at the auction event. The five-bedroom HMO, located within walking distance of bars, De Montfort University and Leicester Royal Infirmary, has been successfully let to students every year since 2009. It is already let for the 2022 academic year -2023 at £19,200 excluding charges. The property sold for £265,500 from a guide price of £220,000+.


Meanwhile, in Derbyshire, a ‘charming’ terraced cottage in Mickleover has been sold in partnership with Hannells. Set back from the road in an elevated position, 8 Bank Cottages, Uttoxeter Road in Mickleover is in need of refurbishment and is selling for £177,000 from a guide price of £95,000+.


Timed auctions also had some brilliant results, including a pretty cottage in Derby, also sold in partnership with Hannells. Situated on a large plot close to the town centre, 159 Alvaston Street in Alvaston is a spacious one bedroom cottage which has been modernized to a high standard whilst retaining period features. It sold for £95,000 from a list price of £90,000+.


Commenting on the results, Managing Director and Auctioneer Andrew Parker said: “These are just a few of the many properties we have sold across the East Midlands and across the country from Scotland to the coast. South.


“Our position as the UK’s most successful live property auctioneer means we reach a huge audience of serious buyers and work hard to get the best possible results for every seller.”


SDL Property Auctions will hold the Knight Frank live auction on Wednesday 30 March and its national auction on Thursday 31 March.

Bond Wolfe – converted homes and bargain boom


Bond Wolfe released dozens of lots filled with attractive investment opportunities for its live auction on Wednesday, March 30.


One such highlight is a three-storey commercial unit with two-storey accommodation in Birmingham’s Jewelery Quarter.


The new owners will be able to both live and work at Marquis Mews at 4 Branston Street, with a commercial unit on the ground floor and residential space on the upper floors, as well as a private roof terrace and communal courtyard at the back. The property enjoys an indicative price of £230,000+.


In Wolverhampton, four stylish villas turned apartments are set to spark a bidding war.


The quartet of neighboring houses on the south side of Tettenhall Road are being sold in four separate lots. Two of them, each split into five apartments, are listed with a guide price of over £245,000 each, while the other two, split into four apartments, are listed at over £220,000 each.


The semi-detached houses are lined up at 117, 119, 121 and 123 Tettenhall Road, each with front and rear gardens. Fully let, the properties each generate between £16,980 and £20,400 per year in rental income.


As with all Bond Wolfe sales, a wide range of homes across the Black Country with indicative prices at a fraction of market rates are also up for auction.


Most are in need of updating or redecorating, but a moderately small investment of time and effort can pay off big when property prices are currently booming.


For example, a two-bedroom semi-detached house in Walsall is listed with a guide for over £120,000 and needs a decorative upgrade to create an ideal home for a small family or a very profitable purchase for a buy- to -let the investor expand his portfolio.


A three-bedroom detached house at 6 Old Meeting Road, Coseley, Bilston, with a guide price of over £138,500, is also in need of upgrading.


It has front and rear gardens, with an enclosed side driveway leading to a rear garage. On the ground floor there is a porch, an entrance, a through living room, a breakfast room, a kitchen, a shower room with WC and access to the cellar and a veranda. Upstairs are two adjoining bedrooms, a third bedroom and the bathroom. Central heating is installed.


These highlights are among 199 lots that will appear at the next Bond Wolfe auction which starts at 9am on Wednesday March 30. The auction will be broadcast live via the Bond Wolfe website with remote bidding by proxy, telephone or internet only.


For more details and to register to bid, visit www.bondwolfe.com/property-auctions-west-midlands/ or email [email protected]


Two fascinating 1950s houses sold at auction


Two distinct and very different 1950s Norwich houses sold at Brown&Co.


The auctioneer held its online spring auction of 17 lots and sold a number of interesting homes as well as land.


Among these was 218 St Faiths Road, Old Catton, a 1950s detached house set in exceptional, partially walled grounds. Guided between £750,000 and £795,000, the virtual hammer fell to £790,000 after four bids starting at £750,000.


Another house, also from the 1950s and designed and built by renowned architect John Winter, sold for £700,000. This property, 21 Upton Close, had an indicative price of between £700,000 and £750,000 and received six offers online.


Winter was a well-known architect and has two portraits printed in color at the National Portrait Gallery in London.


Other properties sold at the online auction include 4 Dam Brigg, Banham, a semi-detached house. This sold well above its £120,000-£140,000 guide, with the virtual hammer dropping to £249,000.


A detached bungalow in Greenborough Road sold for £275,000, above its £225,000-£235,000 guide. Meanwhile, a building plot near Norwich City football ground at Clarence Harbor Court sold for £73,000 against a £40,000-£60,000 guide. Another plot of land in Eagle Lane, Ingworth, sold for £109,000 compared to its £45,000-£55,000 guide.


However, a detached dormer bungalow near Bury St Edmunds and a three-bedroom semi-detached cottage in Cambridgeshire remained unsold.


Peter Hornor, Auctioneer and Surveyor at Brown&Co, comments: “Results from our various online auctions show that there is still an appetite to buy in this way, we are delighted with the prices achieved for our customers.


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