Raise your virtual bidding paddles.
It’s auction time!
National Property Auction
Thursday 25th April 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 April auction catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
We’re delighted to be launching our latest live streamed auction catalogue ahead of our next National Property Auction on Thursday 25th April.
This month there’s 190 lots on our website waiting for you to browse. From residential houses and bungalows, to mixed use and commercial properties, land and industrial units to garages and former churches – there’s plenty to scroll through, regardless of your budget or location.
Our auction will start with lot 1, a two double bedroomed terraced house which has already generated significant interest from viewers and bidders. A perfect project in a very popular residential area, 92 Standhill Road in Carlton, Nottingham has a guide price of only £25,000+ (plus fees). Head to our website to book your viewing now.
Amongst the investment opportunities in the auction this month is another terraced house in Salford in good condition which is currently a shared student house with a guide price of £135,000+ (plus fees). 171 Gerald Road in Salford, Manchester is a superb investment opportunity currently let at £500 per room per month.
Lot 47
- 171 Gerald Road, Salford, Manchester, Lancashire M6 6BL
- Guide price*
- £135,000+ (plus fees)
Another ideal rental property being sold with vacant possession is 23 Warwell Lane in Birmingham. This three bedroomed terraced property has five lettable rooms and would make a fantastic HMO, subject to planning. It’s being sold with a guide price of £160,000+ (plus fees).
Any buyers looking for a commercial property should take a look at 120 Belgrave Gate in Leicester. This 5,756 square feet commercial property in Leicester city centre has most recently been operating as a takeaway/restaurant on the ground floor and we believe it would suit a variety of uses, subject to the relevant planning consents.
We have an excellent development opportunity in Clay Cross with a former local council office building which would be ideal for conversion into a residential property, subject to planning consents. Clay Cross Resource Centre and Land is a two storey building extending to approx 488 sq.m and has a guide price of £250,000+ (plus fees).
One of the more attractive properties in the auction this month is 199 Victoria Avenue in Borrowash, Derby. This five bedroomed semi-detached property sits on a generous plot and retains number of period features including high ceilings, decorative mouldings, Minton flooring under the hallway carpet and sash-style windows. It has a guide price of £550,000+ (plus fees).
Lot 30
- 199 Victoria Avenue, Borrowash, Derbyshire, DE72 3HG
- Guide price*
- £550,000+ (plus fees)
You can browse all the lots in our April 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 30th May. 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.
One of BBC One’s best loved daytime property shows is looking for successful auction purchasers to appear on the programme.
If you have your eye on that dream home, are looking to renovate a property to sell on, or you are simply looking to build a property portfolio – we want to hear from you.
If you are a successful bidder in one of our auctions and are interested in hearing more about appearing on the show, please get in touch.
You can email the team HERE or if you’d prefer, you can call 07966 167076 or 07814 079910.
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.