Make bidding your new year's resolution
National Property Auction
Wednesday 31st January 2024 at 10:00am
You can find the addendum for this month’s auction by taking a look at the link below.
The addendum is where you can find any last minute updates or changes to the lots on offer – it can change at any time, including on auction day itself, so if you’re bidding on Thursday, make sure to regularly check back to stay in the know.
Welcome to our January auction catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
It’s time to launch the first catalogue of the year and we’re delighted to have over 200 lots for sale and ready for your bid on Wednesday 31st January.
As always, we have a wide range of vacant and tenanted properties, mixed-use and retail units, commercial developments, land and building plots, plus the regular fixer-upper and ready-to-move-into houses you’ve come to expect. Our lots span the length and breadth of the country and are suitable for all budgets.
A lot that’s already attracted a lot of interest, is Unit 1-01, Young Village in Liverpool, and it’s easy to see why with it’s £1+ (plus fees) guide price. This pod-type room has communal living areas, a shared kitchen and is located only 6 minutes from Liverpool city centre.
Lot 109
- Unit 1-01, Young Village, 19 Wright Street, Liverpool L5 8SB
- Guide price*
- £1+ (plus fees)
Staying in Merseyside is a portfolio of four individually offered flats in the same block at Mersey View, 1 Canning Street in Birkenhead town centre. Flat 63 and flat 65 are two bedroomed apartments each with a guide price of £90,000+ (plus fees), while flat 64 and flat 66 are one bedroomed apartments each with a guide price of £82,000+ (plus fees).
A second portfolio of individually offered properties in this month’s auction takes us to Maltby in Rotherham where we have four three-bedroomed houses.
- 134 Greenland Avenue is a semi-detached house let on an informal agreement at £385pcm.
- 36 Greenland Avenue is a town house let on an informal agreement at £365pcm.
- 33 Lincoln Street is a terraced house which is being sold with vacant possession.
- 30 Firth Crescent is a terraced house let on an informal agreement at £385pcm.
Any bidders looking for a development project might be interested in the former Mill to the Rear of 121 High Street in Brierley Hill. This former Victorian Mill building would lend itself to a variety of alternative residential or commercial uses, subject to planning permission. It has a guide price of £60,000+ (plus fees).
Bidders looking to add to their rental portfolio might be interested in a council accredited HMO at 7 Myrtle Avenue in Nottingham. This five double bedroomed property currently achieves returns in the region of £25,000pa, however we anticipate this could be increased to £36,000pa following upgrading and refurbishment. It is being offered with a guide price of £99,000+ (plus fees).
In Leeds we have five top floor apartments being offered as a single lot at York Towers, 383 York Road with a guide price of £300,000+ (plus fees). This rare and exciting residential investment opportunity comprises one and two bedroomed apartments located on the top floor of a former converted office block. All five apartments are currently let on assured shorthold tenancy agreements, producing a combined gross income of £48,300pa, which represents an outstanding 16% return based on the guide price.
In Norfolk we have a Grade II Listed two bedroomed cottage on a combined plot of around 2.5 acres, which is being sold with a guide price of £325,000+ (plus fees). 1, 2, 3 Bramble Cottages in Dickleburgh could appeal to those seeking to convert for single owner occupations, perhaps co-family living, develop to sell or buy-to-let holiday home investors.
Lot 139
- 1, 2, 3 Bramble Cottages, Semere Green Lane, Dickleburgh, Norfolk IP21 4NT
- Guide price*
- £325,000+ (plus fees)
You can browse all the lots in our January National Property Auction here.
Once you’ve found a lot you’re interested in, it’s really easy to book your viewing and download the legal pack. Simply go to the property listing on our website and select the relevant option.
The auction will be live streamed on our website – for free and without logins – enabling you to watch the auction action unfold from the comfort of your own home or while you’re at work or on the move. Simply click here or head to the homepage on auction day.
Our next National Property Auction is on Thursday 29th February. You can click here to request a free valuation.
Frequently asked questions
Over the past few months we have naturally received some questions from our bidders about how the buying process works. Largely we are operating as we always have been, we’re simply not able to see you in the auction room when you bid. We’ve put together these frequently asked questions to help guide you through your auction purchase.
A reserve price is the price stated as the lowest acceptable figure by the seller. This figure is confidential between the seller and auctioneer.
No, not always. The guide is an indication given by the auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% in excess of this.
After the auction has ended one of our team will contact you to advise you of the result.
Yes, and these vary depending on the method of sale associated with the property and the country in which you are purchasing. These are listed below – please note the reservation fee does not contribute towards the purchase price. Any further additional costs, which are payable in addition to the purchase price will be included within the Special Conditions that are attached to the Contract. Therefore all prospective purchasers must inspect the legal packs thoroughly. We also strongly advise prospective purchasers to request a legal representative reviews the pack for every lot that you may wish to bid on, so that you are fully aware of any additional costs, if applicable.
Unconditional with Fixed Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1,500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.
Unconditional with Variable Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.
Conditional with Reservation Fee: On the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.
There are a number of options when selling by auction which can include paying no fees at all and having the buyer an additional fee instead.This is often an attractive option when you are selling due to a bereavement or a divorce and you have limited cash prior to the auction to fund the sale. Alternatively as a seller you can pay an initial fee and commission price for the sale of the property, meaning the buyer doesn’t have to pay anything extra, maximising the final sale price of the property
Regardless of which auction route is selected, there are solicitor fees to prepare the legal pack for your property, which typically costs around £350 to £500. After your home is sold, you will also need to instruct a solicitor for the conveyancing of the property, which can cost anywhere from £450 to £750.
Yes, if a reserve price is not met during the bidding process, then the lot will not sell. We continue to market our unsold properties after the auction and if a post-auction sale is agreed it will be carried out under auction conditions.
Bidding registration
Bidding registration closes at 5pm the day before the auction.
Registering to bid in one of our National Property Auctions is quick, easy and painless. By completing our online form, you can register for bidding online, on the phone and by proxy, meaning you can bid from the comfort of your own home. There’s no need to wait for the legal pack to be completed before registering, there’s no obligation to bid on the day and there’s no money taken prior to bidding.
A landlord’s guide to selling
by auction
A property auction is a fast and efficient method for landlords to secure a buyer, making it an ideal option for those looking to re-evaluate their property portfolio and maximise income. The process of selling by auction is straightforward and smooth, though there are some caveats that landlords need to be aware of, especially when selling a tenanted property.
To help ensure that you’re well-equipped and prepared to sell by auction, we’ve compiled this guide that offers tips to landlords selling their assets and answers frequently asked questions about the process.
Click here to read more
Remember to tune in!
Our Auction Events are broadcast online, live from our auction studio in Nottingham.
It’s really easy to tune in and watch on the day. The auction begins at 10am and will run throughout the day, with our each of our auctioneers taking to the rostrum. Simply visit our website where you’ll be able find a link to the auction on the day or follow the link below!
Our buyers terms
If you’re planning on bidding at auction, it’s really important that you do your due diligence prior to the auction – part of which is reading our buyers terms which you can find below. Make sure to read them in full to ensure you’re prepared to bid.
Important notice relating to fees, costs and charges payable by the buyer in addition to the purchase price.
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges. These may include, but are not limited to, Value Added Tax (VAT), Stamp Duty, ground rents, rent arrears/apportionment of rent, outstanding service charges, sellers search costs/disbursements, reimbursements of sellers solicitors, auctioneer costs or reservation fees. All prospective buyers are advised to inspect the legal documents including the contract and special conditions of sale and seek their own independent legal advice as to the full cost of purchasing a specific property.
Homes under the Hammer
If you’re successful in this month’s auction, you could take part!
The hit TV show Homes under the Hammer are always looking for properties to feature in upcoming episodes. If you’re interested in taking part in the programme or would like any information about what is involved in taking part please contact Calum Thomson on 07966 167076 or Alice Williams on 07814 079910 or alternatively click below to contact them via email.
Legal Packs
We recommend reading the legal pack prior to the auction, to make sure you’re aware of all the information before bidding.
It’s really important that you take a thorough look through the legal pack for the property you’re interested in buying before placing a bid, as they lots of important information regarding your purchase. We recommend going through the pack with your solicitor prior to the auction.
To view the legal pack, find a property you’re interested in using the list linked below, and select ‘legal pack’ on the right-hand panel.