The show must go on!
National Property Auction
Tuesday 5th September 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.
Launching our biggest
ever live-streamed catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
I’m delighted to launch our biggest ever auction catalogue packed with 247 lots.
Those quiet Augusts when seller’s put a hold on their plans for disposing of properties during the summer holidays seem long gone. We’ve seen month-on-month increases in the number of lots entered into our auctions over the past three months and with buyer enquiries remaining buoyant, we’re feeling positive heading into our August live-streamed National Property Auction.
Our auction begins with 76 Downside Road in Birmingham (LOT 1), offered for sale together with our friends at Waller & Farnworth. This three bedroomed semi-detached property in the heart of Erdington requires a scheme of refurbishment throughout and has a guide price of £79,500+ (plus fees)
Also in the West Midlands, in Evesham, is a freehold parcel of land adjacent to 1 Meadow Road in South Littleton (LOT 101) which is the lowest priced lot in our auction this month. With a guide price of £500+ (plus fees), it may be suitable for alternative uses subject to obtaining the necessary consents and prospective buyers are advised to view the land on site without booking.
For sale with Cavendish Estate & Letting Agents is the Druid Inn in Pontblyddyn, Mold (LOT 185). The Druid Inn is a licensed pub with a restaurant area seating approx. 60, along with an external decked seating area and large car park. To the first floor is a three bedroomed managers self-contained flat. It has planning permission granted for a change in use to two dwelling houses and is offered for sale with a guide price of £352,000+ (plus fees).
Lot 84
- Flat 4, St. Stephens Court, Halewood Road, Liverpool L25 3PG
- Guide price*
- £140,000+ (plus fees)
Among the flats and apartments for sale this month is Flat 4, St. Stephens Court in Liverpool (LOT 84), a first floor two bedroomed apartment within a Grade II listed building. Located within Gateacre Village the property comprises a lounge, kitchen, two bedrooms including a master en-suite, allocated parking and a communal garden.
Bidders searching for a possible buy to let investment might be interested in 21 Beveridge Street in Barrow upon Soar, Loughborough (LOT 2), an end of terrace property in need of modernisation. Situated in a sought after residential location and close to the train station and local amenities this property has a guide price of £35,000-£50,000 (plus fees).
Another property in need of upgrading and with the potential to convert into an HMO or self-contained flats is 1 Preston Road in Upper Norwood, London (LOT 24). Occupying a prominent corner plot position and benefiting from gas central heating and uPVC double glazing the character accommodation is laid out over ground, first and second/attic floors. The property has a guide price of £575,000+ (plus fees).
Bungalows are always a firm favourite with auction bidders and we’ve got a great redevelopment project at 86 Baker Road in Newthorpe, Nottingham (LOT 154) for sale together with Robert Ellis Estate Agents. This double fronted detached bungalow has planning permission granted to redevelop and create a spacious two storey detached property. With a guide price of £195,000+ (plus fees), this property is available to cash buyers only due to the current removal of the kitchen and bathroom.
Not far away in Derby is another development opportunity with potential for an extension and loft conversion (subject to planning) and with scope to reconfigure first floor accommodation to three bedrooms. 92 Porter Road (LOT 6), offered for sale with Hannells, is a larger than average two double bedroomed mid-terrace property which requires a comprehensive scheme of improvement and is located in a strong residential lettings location making it ideal for landlords and investors.
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Also going under the hammer in Derbyshire is Scarsdale Farmhouse in Loscoe (LOT 4). With a guide price of £75,000+ (plus fees) this derelict four bedroomed detached farmhouse has charming original features and glorious far reaching rural views from its 0.3 acre gardens.
Lot 4
- Scarsdale Farmhouse, Loscoe Denby Lane, Loscoe DE75 7RX
- Guide price*
- £75,000+ (plus fees)
You can browse all the lots in our August 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. All you need to do is go to the property listing on our website and select the relevant option.
To find out more about legal packs, read our guide to auction legal packs here or by scrolling further down this page.
If you’d like to register to bid in the auction, all you need to do is fill in our online form and complete a few pre-auction checks.
However, if you’d simply like to watch the auction live-stream from the comfort of your sofa, you can do that for free and without registering -simply click here or head to the homepage on auction day.
If you’d like to chat to us about selling a property by auction in our next National Property Auction on Thursday 28th September or in one of our daily online Timed Auctions, 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.
SDL Property Auctions' guide to auction
legal packs
By Linda Hopkins, Legal Manager at SDL Property Auctions
Whether you’re approaching a property auction as a seller or a potential buyer, one of the most important things to be aware of before the auction day itself is the legal pack. This is something which newcomers to auctions may be unfamiliar with due to it not applying to sales on the open market until a later stage of the process. Every property sold at auction has a corresponding auction legal pack. It is a hugely valuable resource to sellers and buyers alike and should always be reviewed.
If you’re unfamiliar with the term legal pack, but are interested in either selling your property at an auction or have your eye on a lot you would like to bid on, we are here to help.
In this blog, we’ll introduce you to the fundamentals of what an auction legal pack is, what documents it includes, what sellers need to know when creating one and what buyers should pay particular attention to when reading through the legal pack.
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 Alice Williams on 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.