Kickstart 2025 with a property purchase
National Property Auction
Thursday 30th January 2025 at 9:00am
Welcome to our January auction catalogue
Andrew Parker
Partner & Auctioneer at
SDL Property Auctions
As we settle into the new year, we’re excited to present our first catalogue of 2025 offering an superb selection of over 225 lots in our live streamed auction on Thursday 30th January.
Whether you’re looking to purchase residential, commercial, mixed-use properties or land, in England, Scotland or Wales, we have something for every investor. CLICK HERE to view the full selection of lots.
You can watch the auction live online and for free HERE. You don’t have to register or login, you simply click the link from 9am on Thursday 30th January. If you’d like to bid in the auction you can register for remote proxy, telephone and internet bidding HERE.
Our first lot to be offered in the auction this month is 9 Byrkley Street in Burton-On-Trent. This two bedroomed house requires a full refurbishment, has two good sized reception rooms and is within walking distance to excellent amenities and transport links. It is for sale with vacant possession on completion and has a guide price of £50,000+ (plus fees).
In Milford, Derbyshire we have a unique opportunity to purchase a 42m chimney at Milford Mills. This lot has received a lot of attention from both potential bidders and the press thanks to its historic nature and its attractive guide price of £5,000+ (plus fees).
Lot 5
- Historic Chimney, Milford Mills, The Bridge, Milford DE56 0RR
- Guide price*
- £5,000+ (plus fees)
In Croydon, Greater London is a spacious duplex maisonette with a large lounge/diner, two bedrooms and large balcony/terrace. Offered for sale with vacant possession on completion, 72 Nelson Close is an ideal investment opportunity with estimated rental value of £1,450pcm, after slight refurbishment.
If you fancy a night at the museum, then the Peak Buildings in Buxton could be the perfect lot for you. With a guide price of £275,000+ (plus fees), this substantial four storey Victorian building has been home to the Buxton Museum and Art Gallery for many years and is configured to provide both office accommodation along with exhibition space.
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Flats 1-4, 17 Clifton Avenue in Manchester is a freehold block of four student apartments offering a total of 19 letting bedrooms. With a guide price of £1.2m+ (plus fees), this property is situated in a leafy, tree-lined street in a great letting location for university students.
In Cumbria we have a former 19th Century gentleman’s residence for sale with a guide price of £625,000+ (plus fees). Believed to have once formed a part of Muncaster Castle, Glenwood is steeped in history and has many original period features including fireplaces, coving and staircases. Currently used as a family home as well as a short term let, it commands in the region of £2,800 on an average week in summer or high season.
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 easy to book your viewing and download the legal pack. Simply go to the property listing on our website and select the relevant option.
Our next National Property Auction is on Thursday 27th 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 differences are listed below. Please also note that the reservation fee does not contribute towards the purchase price, and that 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.
To make sure you are fully aware of all associated costs, we strongly advise that all prospective purchasers inspect the legal pack thoroughly themselves and request a legal representative review it too.
Unconditional: 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.
Conditional: On the fall of the hammer, the successful bidder will enter into a reservation agreement with the seller. This agreement confers an exclusivity period of 60-days on the successful bidder, in which to exchange contracts and complete the purchase. The non-refundable Reservation Fee will be payable to us immediately on the fall of the hammer, the amount of which will be stated on the property description. This fee does not contribute to the purchase price. The deposit will be payable later on exchange of contracts via your solicitor. You must make every effort to exchange contracts of sale and complete the purchase within the 60-day exclusivity period, unless the Special Conditions of Sale within the legal pack state otherwise.
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.
Remote bidding in a live streamed auction
Online bidding
Telephone bidding
Proxy bidding
There aren’t many people who would make a blind purchase on a property, nor would we recommend it.
Despite the fast-paced and exciting nature of a property auction, a decision to place a bid should not be rushed and extensive research should be carried out on properties of interest. You can do this by requesting a viewing of your chosen lot. After all, if your bid is successful, depending on the sale type, you may be legally bound to the sale, so you should know exactly what you’re getting.
If you have never attended a viewing for an auction property before, or have but want to know more about the viewing process we have in place here at SDL Property Auctions, we’re here to share all the information you need to prepare. The process may differ slightly from an estate agent viewing or other property auctioneers so, if you’re interested in purchasing a property by auction, keep reading as we take you through the different viewing options available with us.
To read the full article click here.
Remember to tune in!
Our National Property Auctions 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 9am 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!
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.
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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 call 07966 167076 or 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.
