Welcome to our final auction catalogue of 2023
Managing Director & Auctioneer at
SDL Property Auctions
Welcome to our 12th and final auction of 2023. We’re heading into the new year on a high with another fantastic catalogue of lots for our Tuesday 19th December auction – offered to you by our award-winning team.
We’re delighted to have won a hat trick of awards at the 2023 Negotiator Awards last month taking home the Gold awards in the Residential Auction Service of the Year category, as well as Golds in the Marketing Campaign category and the Rising Star of the Year category for Operations Manager Emily Waterland. See the full story below.
Our auction this month is on a Tuesday (19th December), earlier than normal because of the Christmas break. Don’t forget, once you’ve found a lot you’re interested in, it’s easy to book your viewing and download the legal pack directly from the property listing on our website.
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.
Our auction kicks off with lot 1: 14 Nevinson Avenue in Sunnyhill. A traditionally built and extended two bedroom semi-detached bungalow. With a guide price of £79,000+ (plus fees) this lot offers potential to extend or redevelop (subject to planning).
In the capital is a three bedroomed mid-terraced house at 104 Carlingford Road N15 which is being offered for sale with a guide price of £550,000+ (plus fees).
At 176 Nottingham Road in Burton Joyce, Nottingham is a three bedroomed detached property on a very large plot. With excellent scope for extension and development this lot is in a very popular village location and is for sale with a guide price of £180,000+ (plus fees).
If you’re looking for a renovation project then take a look at 86 Lutterworth Road in Blaby, Leicester. This four bedroomed semi-detached property has seen some works undertaken but further configuring and finishing works are required. It has a guide price of £200,000+ (plus fees) and is being offered with our friends at Phillips George.
In Grimsby we have three terraced properties for sale in this auction, including 159 Corporation Road, a three bedroomed mid-terraced property with an existing tenant providing a rental income of £6,060pa.
Amongst the commercial properties in our auction this month is The Wellington Hotel, on Wellington Street in Clayton-Le-Moors. This large building, formerly operating as a pub, occupies a large corner plot, split over three floors (including basement) with a total square footage of 4,701 sqft. The property requires a full renovation and provides an excellent opportunity to buyers, given the variety of potential uses (subject to planning).
You can browse all the lots in our December National Property Auction here.
The auction will be live streamed on our website – for free and without logins – enabling you to watch the auction action unfold from the comfort of your own home or while you’re at work or on the move. Simply click here or head to the homepage on auction day.
Our full 2024 calendar is now available on our website and there are properties already being marketed online ahead of our next National Property Auction on Wednesday 31st January.
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 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 handed triple award win at Negotiator Awards
SDL Property Auctions has won three awards at the Negotiator Awards 2023. The company won the Gold awards in the Residential Auction Service category, the Marketing Campaign category for its recent brand refresh and Rising Star category for Operations Manager Emily Waterland.
The Negotiator Awards are the most prestigious awards in the property auction industry, dubbed the property Oscars. They are judged by a panel of industry experts and recognise excellence in all areas of the property sector.
“We are absolutely thrilled to have won a hat trick of awards at the Negotiator Awards,” said Andrew Parker, Managing Director and Auctioneer at SDL Property Auctions.
“This is a testament to the hard work and dedication of our team, and we are proud to be recognised by our industry peers as the leading property auction company in the UK.”
Click here to read more
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!
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.
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.