Join us for a 9am start!
National Property Auction
Wednesday 27th March 2024 at 9:00am
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 March auction catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
It’s time to launch the catalogue for our third National Property Auction of 2024 on Wednesday 27th March starting at the earlier time of 9am.
We have over 180 lots for sale from residential flats, houses and bungalows to plots of land with and without planning permission and commercial warehouses, offices, shops and industrial units. Whether you’re looking for a refurbishment project, a tenanted property or land to develop your own luxury home, there’s something for all budgets.
Our first lot of the day is a terraced cottage in Gotham. Pack House at 11-13 East Street has a guide price of only £25,000+ (plus fees) and has great potential for renovation.
Lot 1
- Pack House, 11-13 East Street, Gotham, Nottingham NG11 0HL
- Guide price*
- £25,000+ (plus fees)
Landlords looking for an addition to their portfolio should take a look at Flat 70, 63 Vicar Lane in Bradford city centre. This one bedroomed apartment is currently let and producing £6,000 per annum, which offers an 18.18% yield based on the guide price of £33,000+ (plus fees).
In Derbyshire we have a magnificent individual building plot with planning consent approved for a large contemporary villa with pool, garaging and annexe. The building plot at Hob Hill in Hazelwood is situated on a one acre south facing plot with glorious far-reaching views and has a guide price of £450,000+ (plus fees).
Lot 16
- Building Plot at Hob Hill, Hazelwood, Derbyshire DE56 4AL
- Guide price*
- £450,000+ (plus fees)
Another property with existing tenants in place, and a rental income of £1,500 per calendar month (18,000 per annum), is a second and third floor maisonette in Finsbury Park, London. Flat 11, Honeyfield, Carville Street is part of a four-storey building on the Six Acres estate and comprises an entrance hall, reception room, kitchen, three bedrooms and bathroom. It is being sold with a guide price of £285,000+ (plus fees).
Lot 84
- Flat 11, Honeyfield, Carville Street, London N4 3PE
- Guide price*
- £285,000+ (plus fees)
Don’t forget – the clocks are changing more than once this month. Not only do they spring forward on Saturday 30th March, our auction is has also moved forward an hour. Make sure you set your alarms early for a 9am start on Wednesday 27th March.
You can browse all the lots in our March 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 25th April. 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.
Over the past few years, the UK property market has seen some substantial changes in the way that investors and homeowners are choosing to buy and sell real estate, with more and more properties going to auction. Historically, auctions have been seen as a niche market for investors and developers, which has led to misconceptions about the types of properties being sold at auction. However, the potential that auctions present for first-time buyers, landlords, and those looking to sell their current homes has started to become realised, with more people choosing this method.
Fuelled by an increased demand for property, alongside the need for a faster, simpler way of selling, there are plenty of contributing factors that are driving this upward trend within the industry. Read on to learn more about the rising popularity of buying and selling by auction.
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 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 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.
