No tricks, just treats in our auction catalogue
National Property Auction
Wednesday 23rd October 2024 at 9:00am
Welcome to our October auction catalogue
Andrew Parker
Partner & Auctioneer at
SDL Property Auctions
There’s no tricks, it’s all treats in our auction this month!
I’m delighted to launch another bumper catalogue of 190+ lots for sale in our next live streamed auction on Wednesday 23rd October.
Edward Feather and Graham Penny are joining me to share the rostrum this month and we’ve got a brilliant selection of residential houses, flats and bungalows, garages, development land, commercial buildings and mixed-use units. Plus, there’s a few more unusual lots including former churches, former pubs and even a cemetery lodge.
If you’d like to get involved in our auction this month, you can watch live online and for free HERE. You don’t have to register or login, you simply click the link from 9am on Wednesday 23rd October.
Lot 79
- Ground Floor Flat, 22 Epirus Road, London SW6 7UH
- Guide price*
- £510,000+ (plus fees)
We have lots from across the country in our auction this month including several lots in the Capital. On Epirus Road, in SW6 is a ground floor garden flat with two double bedrooms located close to the amenities of Fulham Broadway and with the potential to extend, subject to planning permission.
Also in SW6 is Flat A, 44 Britannia Road. This two bedroomed garden flat is located within the prestigious Moore Park Estate and is refurbished to a good standard throughout. It has a projected rental income of £2,600 – £2,800pcm and has a guide price of £550,000+ (plus fees).
If you’re looking for an investment opportunity then take a look at the Golden Lion Public House in Wellingborough.
For sale on the instructions of joint LPA Receivers is Flats 1, 2 and 3, 119 Columbus Ravine in Scarborough. The three apartments are finished to a high standard internally and are located in a popular area close to the beach and town centre.
Or maybe a recently refurbished 12 bedroomed HMO with a £64,320pa rental income at 153 Stourbridge Road in Dudley might be the one to get your bid.
Lot 143
- Shakespeare Motors, 131 Shakespeare Crescent, Eccles M30 0PE
- Guide price*
- £300,000+ (plus fees)
We have a great development opportunity in Eccles with the former Shakespeare Motors garage repair and accident repair centre, which is being sold along with a two bedroomed terraced property attached that was previously used as offices.
In Derby, at 129 Uttoxeter New Road, is a detached three bedroomed stone-built former cemetery lodge which comes with parking and enclosed garden. It has a guide price of £125,000 – £137,000 (plus fees).
You can browse all the lots in our October 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 21st November. 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.
The property industry has been relatively quiet over the past few months, with many holding back on property transactions until after the General Election. Now, with a new Labour Government in place, people are once again waiting to see what immediate changes will be announced.
Thankfully, that wait is nearly over as Rachel Reeves is set to deliver the first Labour budget on Wednesday 30th October, and a key concern for private landlords and investors is the potential increase in Capital Gains Tax (CGT).
We’ve already seen a number of private landlords pausing plans to add to their portfolios. We’re also speaking to others who are considering exiting the property market entirely, to avoid being hit with large tax bills.
So, if you’re a private landlord thinking of exiting the market before a potential CGT increase, how can property auctions help you?
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.