Find, view &
bid on a
property!
National Property Auction
Thursday 27th April 2023 at 10:00am
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
I’m pleased to launch the catalogue for our next National Property Auction on Thursday 27th April featuring over 175 properties. From Grade II listed properties, Manor Houses, tenanted & vacant houses, former churches, hotels and hospitals to flats, bungalows, cottages, retail units, garages and offices. We have lots from Scotland to Southampton and everywhere in between.
We start our auction with a property already generating significant interest. 2 Well Road in Camden, London comprises two flats arranged over four floors and once it has been refurbished, could make a stunning family home fetching circa. £3 million. This property is for sale with our friends at Danehurst and has a guide price of £850,000-£1,000,000 (plus fees).
In Scotland we have a pair of commercial properties ideal for redevelopment. In Dumfries is the Main Building of Nithbank Hospital. Constructed between 1875 & 1895, this iconic and splendid B Listed building offers a wealth of opportunity to developers and is for sale with a guide price of £250,000+ (plus fees).
With planning permission for 12 luxury apartments, the Glenfarg Hotel in Perth is an iconic building set within picturesque surroundings and has a guide price of £195,000+ (plus fees).
Lot 131
- The Main Building, Nithbank Hospital, Dumfries DG1 2SA
- Guide price*
- £250,000+ (plus fees)
Lot 48 is a stunning Grade II listed Victorian Mansion House and additional building plot standing in 3.8 acres in Sutton Bonington near Loughborough. West Wing at Sutton Fields House is a six bedroomed property with planning consent for conversion and extension of the existing garage to create independent dwelling house. This will create a large detached residence offering four/five bedrooms and substantial accommodation.
Another fantastic development opportunity lies in lot 119, The Manor in Lower Bullingham, Hereford. With a guide price of £250,000+ (plus fees) this historic detached former Manor House was most recently used as a 23 bedroomed care home and offers significant scope for adding value and generating a healthy return on investment.
Our lot 17 is a substantial Grade II Listed three storey semi-detached property which is in need of modernisation. Bailiffs Mead House in Castle Donington benefits from a prominent location in a sought after village and offers eight bedroomed accommodation. It is being sold with a guide price of £250,000+ (plus fees).
Also for sale in Castle Donington is the former Methodist Church. This lot comprises a substantial former Place of Worship with Assembly Hall, Meeting Rooms and Amenity Space which is being sold together with a three bedroomed semi-detached residential dwelling. It’s our lot 84 and has a guide price of £390,000+ (plus fees).
Lot 69
- 31 Dickens Court, Hensborough, Shirley, Solihull B90 1SA
- Guide price*
- £115,000+ (plus fees)
We have several portfolios for sale in our auction again this month. In the West Midlands is a portfolio of four flats in Solihull. 31 Dickens Court – a top floor one double bedroomed flat let at £700pcm, 17 Dickens Court – a two bedroomed second floor flat let at £650pcm, 142 Waterside Heights – a two bedroomed luxury penthouse with secure underground parking and wrap around balcony, and 106 Market House – a two double bedroomed second floor apartment let at £750pcm.
You can browse all the lots in the April National Property Auction here.
Lot 69
- 31 Dickens Court, Hensborough, Shirley, Solihull B90 1SA
- Guide price*
- £115,000+ (plus fees)
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.
When you’re ready to bid all you need to do is fill in our remote bidding form and tell us if you’d like to bid online, on the phone or by proxy. It’s really that simple – and it’s totally free with no payment taken up front. Make sure you’ve registered before 5pm on Wednesday 26th April.
Next month our next National Property Auction is on Thursday 25th May. If you’d like to chat to us about selling a property by auction, you can submit an online valuation request here and we’ll call you back or you can call our friendly team on 0800 046 5454.
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.
England and Wales
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 £1,074, and completion must take place within 20 business 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 20 business 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 40 business 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.
Scotland
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, pay a 10% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1,074, and completion must take place within 20 business 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 3.6% of the final sale price of the property, subject to a minimum of £4,000. Completion must take place usually within 20 business 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 40 business 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 3.6% of the final sale price of the property, subject to a minimum of £4,000.
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.
What is a good
rental yield in the UK?
When looking to invest your money in a property or add to your existing portfolio, one of the key factors you will need to consider is your investment return and whether it will be worth the money that you spend. Calculating your rental yield can act as a benchmark to compare the performance of a property against other properties in different areas, or even compare the performance to different types of investments. To break it down, rental yield is the return made on a property investment in terms of monthly rent charged compared to the value of the property/price paid.
If you are thinking about investing in a buy-to-let property, you will need to calculate your rental yield, taking into account other factors such as running costs or agency management fees in order to get a clear picture of whether this decision is right for you. A rental yield is essential not only for landlords to establish worthy investments, but also for lenders to assess whether they are likely to give you a buy-to-let mortgage if you’re not making a cash purchase.
Click here to view the full article.
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 10am 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!
Our buyers terms
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 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.
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.