Register to bid now - 200+ lots online
National Property Auction
Thursday 30th May 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 May auction catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
We’re excited to unveil our latest live-streamed auction catalogue featuring over 200 lots in our upcoming National Property Auction on Thursday 30th May.
From houses to HMOs and development land to detached properties, we have a packed catalogue of lots. Guide prices range from £1,000+ (plus fees) for lock up garages, through to £2.4m+ (plus fees) for a Grade II Listed country house.
As always, we start with lot 1 – a three bedroomed semi-detached house in Tamworth with huge potential for improvement and remodelling. Click through to read all the details on 83 Watling Street in Hints and watch the virtual tour within our online listing.
Lot 1
- 83 Watling Street, Hints, Tamworth B78 3DE
- Guide price*
- £95,000 - £115,000 (plus fees)
Another refurbishment property which is already receiving a lot of interest is an end of terrace house at 82 Norman Street in Ilkeston. This substantial three bedroomed character property occupies a very prominent corner plot and has potential for conversion into a House of Multiple Occupancy (HMO) with an estimated gross rental income of £35,000-£40,000pa.
Located in a quiet and picturesque location in Studley, Stratford upon Avon is a two bedroomed detached cottage with outline planning permission for a three bedroomed detached property which needs substantial modernisation. 65 Green Lane has huge potential for development and refurbishment which you can see if you watch the video on our Instagram page here.
This month’s catalogue features a number of properties in coastal resorts, including Blackpool, Rhyl, Dover, Plymouth and Southampton – where we have 75 Stafford Road, a recently renovated six bedroomed HMO let at £22,200pa and is offered for sale with a guide price of £320,000+ (plus fees).
Another seaside town property in the auction is Flat 10, Jubilee Cottage, 145 St. Andrews Road South in Lytham St. Annes. This studio apartment for the over 55s is only a 5 minute walk to the sea front and has a highly attractive guide price of £5,000-£8,000 (plus fees).
Lot 90
- Flat 10, Jubilee Cottage, 143-145 St. Andrews Road South, Lytham St. Annes FY8 1YB
- Guide price*
- £5,000 - £8,000 (plus fees)
One of the more attractive properties in our May auction is Cromford Court in Matlock Bath, a Grade II Listed mansion with detached three storey annexe and private gardens. Centrally located in the Peak District, this property has lapsed planning permission for a hotel and young persons care home and has previously been rented out for £400,000pa through Airbnb.
Lot 116
- Cromford Court, Derby Road, Matlock Bath DE4 3PY
- Guide price*
- £2,200,000+ (plus fees)
You can browse all the lots in our May 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 27th June. 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.
There are changes to Stamp Duty Land Tax (SDLT) coming into effect from 1st June 2024 which might affect your future property purchases and so here, with the help of our friends at Bonham & Brook, we’ve taken some time to unravel and explain the amendments.
As of 1st June, Multiple Dwellings Relief (MDR) will be abolished. MDR is the relief designed to reduce stamp duty when more than one “dwelling” forms part of a single purchase, such as when you buy a house with an annex, a block of flats or a mixed-use property with flats above.
Introduced in 2011, MDR aimed to promote private rental sector (PRS) housing supply and ease the process of investing in residential property. However, an external evaluation by HMRC concluded that the relief was not cost effective against its original objectives and had minimal positive impact on the overall housing or PRS supply.
Therefore, it concluded that MDR should be abolished from 1st June.
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.
.png)