Your next property purchase awaits
National Property Auction
Thursday 25th July 2024 at 9:00am
Welcome to our July auction catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
Whether you’re looking for a refurbishment project, a tenanted property or land to develop your own luxury home, or indeed something more unique, grab a cuppa and take a look at our nationwide selection of lots for sale this month.
This month’s National Property Auction is taking place on Thursday 25th July and will be live streamed on our website so you can watch from the comfort of your armchair at home, your desk at work, or even your sun lounger if you’re in sunnier climes! You don’t need to register or log in, just click on the link on our home page on auction day – or click here – and watch the auction action unfold.
Here’s a few highlights of what’s going under the hammer in July.
9 Beechfield Avenue in Radcliffe, Manchester
A three bedroomed semi-detached house in a cul-de-sac location which requires a scheme of modernisation and has a guide price of £77,000+ (plus fees).
236 Wheelwright Road in Birmingham
A mid-terraced part commercial and residential property ideal for investment purposes. We understand it currently benefits from a rental return of £1,600pcm for the flat and £1,200pcm for the shop. It has a guide price of £250,000+ (plus fees).
Lot 11
- 9 Beechfield Avenue, Radcliffe, Manchester M26 1FN
- Guide price*
- £77,000+ (plus fees)
5 Rosamonds Ride in Derby
A traditionally built three bedroomed semi-detached property which requires a comprehensive scheme of improvement and upgrading and is offered for sale with vacant possession and a guide price of £95,000+ (plus fees).
Nuclear bunker & land in Sedbergh, Cumbria
A 1950s nuclear bunker in excellent condition, having been redecorated which comes with a plot of land and secure off-road parking. Sold with an active phone line suitable for broadband, this is a unique opportunity to purchase a piece of post war British history. It has a guide price of £15,000-£20,000 (plus fees).
Lot 162
- ROC Nuclear Bunker, Land to the North East of Dent Station, Sedbergh, Cumbria LA10 5RF
- Guide price*
- £15,000 - £20,000 (plus fees)
130 Oxford Road in Littlemore, Oxford
A two bedroomed semi-detached property in a popular residential location with driveway parking, a purpose-built home office in the garden and a guide price of £275,000+ (plus fees).
31A Vaughan Road in Harrow
A three bedroomed first floor apartment in a converted Victorian terraced house with a potential rental income, once renovated, in the region of £24,000 per year. The guide price is £185,000+ (plus fees).
25 Congo Road in London
A striking brick-fronted Victorian two bedroomed terraced property close to Plumstead railway station. Rarely available and located on a tree-lined road in an extremely popular residential location, this property has a guide price of £365,000+ (plus fees).
The Old Courthouse in Castle Ditch, Caernarfon
A Grade I mixed-use building facing Caernarfon Castle and boasting a symmetrical frontage of seven bays and tetrastyle portico with Doric columns. The property has been used as a live entertainment theatre from the original Crown courtroom and a large and elegant restaurant from the original Magistrates courtroom at lower ground floor. It is offered for sale with a guide price of £725,000+ (plus fees).
Lot 73
- The Old Courthouse, Castle Ditch, Caernarfon LL55 2AY
- Guide price*
- £725,000+ (plus fees)
You can browse all the lots in our July 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.
Our next National Property Auction is on Thursday 22nd August. 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.
The process of buying a property can feel overwhelming at times, and the new jargon buyers are introduced to when they first talk to an auctioneer or estate agent doesn’t always help. From words you may have heard before like Stamp Duty Land Tax (SDLT) and sealed bidding, to contract-specific terms like unconditional and conditional which are likely to be brand new, there’s a lot to get to grips with before you buy. Two of the most important terms you should familiarise yourself with are freehold and leasehold.
Used to describe the conditions on which you own a property, leasehold and freehold specifically relate to whether or not you have full ownership of the building and the land it stands on, or partial ownership, where the property is owned but the land is rented. Which type of ownership is available on the property you purchase can have considerable legal implications, so it’s very important to learn the difference between leasehold and freehold before bidding or making an offer.
To read the full article click here.
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 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.
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.