Faff-free February: 150+ properties in one place!
National Property Auction
Thursday 23rd February 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 February
auction catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
I’m delighted to have another packed catalogue of over 150 lots to offer for sale to you in our live streamed National Property Auction this month.
With residential properties, commercial units and development land lots spreading the length and breadth of the country and with guide prices ranging from £5,000+ (plus fees) to £1.3m+ (plus fees), there’s something for everyone. We’re proving that auctions are for every type of buyer and every type of property.
Plus, we make it faff-free to buy in our auctions. Once you’ve found a lot you’re interested in, you can book a viewing by clicking on the button in the property listing, you can download the legal pack for free and pick from three simple bidding options. We offer remote bidding online, on the phone or by proxy – all you need to do is fill in our form here.
If you’re new to auctions and you’re not quite ready to bid yet, why not watch our auction live online and see the auction excitement unfold. It’s free to watch and you don’t need to log in. We’ll pop a link on our website homepage and our social media on the morning of the auction so just grab a cuppa and watch us live.
Lot 1
- Former Derby Academy School of Dance, The Old Mill Studios, Lynton Street, Derby DE22 3RW
- Guide price*
- £125,000+ (plus fees)
This month we kick off our auction with the former Derby Academy School of Dance on Lynton Street with a guide price of £125,000+ (plus fees). The dance studio was established by Eve Leveaux in the 1980s, who herself became a member of the legendary and ground-breaking Ballet Rambert in London as a 16 year old in the 1940s, along with her contemporary and close friend Audrey Hepburn.
With spacious accommodation arranged over two floors offering a number of rooms suitable for office accommodation, male and female changing rooms and two superb studios, the property could be suitable for residential conversion, subject to obtaining the necessary planning.
Staying in the East Midlands and across to Nottingham, we have an excellent opportunity to purchase a character property dating back to 1870. Rose Cottage, 86 Main Road in Gedling has a guide price of £250,000+ (plus fees) and offers huge potential for its new owner.
Occupying a very generous plot, and with off road parking to the front and to the rear, this semi-detached property has a well-established garden and after a light cosmetic upgrade could make an ideal re-sale or dream home.
Another property which offers significant potentially following a scheme of modernisation is 16 Osborne Road in Ashton-In-Makerfield, Wigan. This three bedroomed Victorian semi-detached house boasts plenty of character throughout and has a guide price of £135,000+ (plus fees).
If you’re looking for a property where all the refurbishment has been carried out, then our auction is the place to look. 15 Vaughan Road is a simply stunning investment property comprising four tenanted apartments generating an income of £68,500pa and located in the heart of Camberwell SE5.
Recently refurbished to an extremely high standard, this period property is laid out over three floors with 2 x two bedroomed apartments, 1 x one bedroomed apartment and 1 x studio apartment. The property has a guide price of £1.025m+ (plus fees) which represents a yield in excess of 6.5% against the guide price.
Occupying a prime location at 8 Bury Old Road in Whitefield, Manchester is a three storey property, comprising a ground floor commercial premises with substantial space above. Offered for sale with a guide price of £150,000+ (plus fees), this property is suitable for a variety of uses including residential conversion (subject to obtaining planning permission). The property includes a large commercial premises to the ground floor, most recently operating as a restaurant, and plenty of space on the first floor and attic, plus a cellar with good head height.
Lot 123
- 8 Bury Old Road, Whitefield, Manchester M45 6TF
- Guide price*
- £150,000+ (plus fees)
Don’t forget, bidding couldn’t be easier. You simply need to complete our bidding form and select if you wish to bid online, on the phone or by proxy. It only takes a few moments and costs nothing to sign up. Make sure you’ve registered before 5pm on Wednesday 22nd February.
We’ve got a handy guide below which takes you through all our remote bidding options so you can select the bidding method you’re most comfortable with. Our friendly and helpful team are always on the end of a phone to chat through any questions you might have, and we have a live chat function on our website.
Next month our next National Property Auction is on Thursday 30th March. 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.
Don't let your stocks investments keep you up at night,
put your money in property
When it comes to investing, there are many ways to go about it. You can invest in the stock market, property, or even cryptocurrencies. Each one has its own benefits and risks. However, investing in a property by auction is one of the safest and most profitable things you can do as an investor, plus in the midst of a turbulent economy your investment won’t give you sleepless nights.
Our auctioneer and managing director Andrew Parker explains why buying a property by auction is such a good idea and how you can get started with it today!
Buying a property by auction is a great way to get started with investing because there are no restrictions on who can buy or how much money to spend, like there might be with other kinds of investments. The only requirement for buying property by auction is that you have the means for financing the purchase, and then you only immediately need to pay for the deposit and any associated fees. You will then have 30 days before completion to secure the remaining finance.
With your purchased property you have the option to add to or create a rental portfolio, providing you with a regular income. You could carry out some modernisation or refurbishment to sell on, or indeed move in yourself.
It’s no secret that the stock market is a volatile place to invest your money. If you’re looking for something with more stability, buying property by auction can often be a better option. It is much easier to predict how much money your new investment will realise each month, because there aren’t as many variables involved.
Another reason to consider buying property by auction is that it can offer better returns than stocks can over time, at around 5% compared to 1% from the stock market.
Investing in the stock market can be incredibly risky. You never know what could happen next. A property purchase is much more secure, especially when you buy through an auction – you exchange contracts and are legally committed to the purchase at the sale price when the gavel fell with no further negotiation.
Another important reason you should consider investing in property by auction is that it’s a great way to get into the market quickly. You don’t have to wait for months or years for your investment to pay off. You’ll be able to see your money grow right away, and you can start thinking about how you want to use it.
If you’re interested in investing in property but aren’t sure where to start, this might be a good place for you! On the last Thursday of the month, we hold a live-streamed National Property Auction with a catalogue full of residential and commercial properties from across the UK.
It’s a fast and faff-free way to search and find an investment and a secure way to look after your capital.
To have a chat with our team about how a purchase by auction could work for you, call our team today on 0800 046 5454.
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.
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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 Vaila Walterson on 07814 079910 or 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 for a property you’re interested in, simply click through to the lot using the list linked below, and select ‘legal pack’ on the right-hand panel.
