6th May 2022
No need for best and finals for estate agents after SDL Property Auctions’ amazing April
SDL Property Auctions helped estate agents from across the UK secure fantastic results for their properties during April, with everything from classic terraces to large family homes going under the hammer during the month, with over £18m raised.
A month of fantastic Timed Auction results crescendoed to its conclusion with April’s National Property Auction, with SDL Property Auction’s partner estate agents benefitting from having both sales methods at their disposal.
One of the first lots to sell in April’s live-streamed auction was 18 Dashwood Street in Derby, with thousands of viewers tuned into the live-stream. Offered for sale in partnership with Hannells, the substantial two bedroomed terrace located within easy reach of the city centre and in need of a full scheme of renovation works, sold for £81,000 – not far off twice its guide price of £45,000+ plus fees.
Andrew Parker, Managing Director and Auctioneer said: “This is a real opportunity for the lucky buyer to make of this property what they wish. With the right scheme of works this could become a lovely home for a first-time buyer or small family, or would make a fantastic buy-to-let investment once works are complete. It also has the potential to become a small HMO property, subject to the usual planning consents and building regulations being obtained – the potential is huge.”
Excellent results were obtained across the East Midlands, with the sale of 95 Alfreton Road in Nottinghamshire, which was offered in partnership with Amber Homes. Arranged as a three bedroomed detached home and generally in good condition throughout, the property received a number of bids, eventually selling for £137,000 after being offered at a guide price of £110,000+ plus fees.
It wasn’t just residential opportunities going under the hammer either. In Coleorton in Leicestershire, a parcel of land plus stables were offered in partnership with Reddington Sales and Lettings. Extending to approximately 7.8 acres in total, the site contains a timber stable block, as well as a concrete yard with feed and hay stores. With huge scope for development for a variety of uses, this sold for £200,000 – £25,000 over its guide price of £175,000+ plus fees.
A quaint, grade II listed period cottage in Matlock also sold well, after being offered on behalf of Grant’s of Derbyshire. 102 The Hill, Cromford sold for £128,000 from its guide price of £105,000+ plus fees – while a scheme of modernisation is required, the property has huge potential with the accommodation arranged over three floors. Its location would make this a lovely family home or even a holiday rental opportunity subject to the correct permissions being obtained.
The auction action could be found online too, with The Cedars in Kidderminster selling for £826,000 in a Timed Auction, after being offered at a guide price of £640,000+ plus fees and receiving 61 bids. Offered for sale in partnership with Nock Deighton, the property sits on a plot of approximately 6.5 acres, with the detached bungalow including a triple garage and offering scope for the buyer to update and extend to their own specifications – subject to planning permission being obtained.
Andrew added: “This is yet another sale which proves that auctions aren’t just for run down properties or those in need of a little TLC. It’s always exciting watching the bids come through with seconds of each other, and it really can be as exciting as being in the room. I would encourage any estate agent who finds themselves resorting to best and finals in the current market to get in touch to see how auction could present an excellent alternative to achieving the best possible price for your sellers”.
May’s National Property Auction takes place on Thursday 26th May. If you’re an estate agent looking to offer your customers a true alternative to best and finals, get in touch with our partners team by visiting our website. If you’re looking to sell your property by auction, either in the live-streamed National Property Auction or in a Timed Auction online, you can get in touch with the SDL Property Auctions team on 0800 046 5454 or request a free sales valuation online to find out more.