From castles to chapels to cottages...

National Property Auction
Thursday 29th February 2024 at 10:00am

0
lots and counting

Welcome to our February auction catalogue

Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions

We’re pleased to launch our second catalogue of the year and it’s another busy one!

There are over 210 lots set to go under the hammer in our live-streamed auction on Thursday 29th February with guide prices starting from as little as £1+ (plus fees) through to £1.5m+ (plus fees).

We’re delighted to be offering 26 Local Authority lots in our auction this month on behalf of Nottingham City Council, Derbyshire County Council, Chesterfield Borough Council, Bolsover Borough Council and Dudley County Council. Amongst those lots offered are former care homes, offices, industrial and retail units, all located across the Midlands.

Lot 68

  • Hartley Court, Norton Street, Nottingham NG7 3AN
  • Guide price*
  • £1,500,000+ (plus fees)
View more

In Nottingham is lot 68, Hartley Court on Norton Street, a freehold industrial site comprising 15 self-contained units generating a current income of £133,261pa and being offered for sale with a guide price of £1.5m+ (plus fees).

48-52 Canal Street in Nottingham is a freehold investment opportunity comprising a Grade II Listed building in the city centre. currently let to two tenants with a combined income of £110,200pa, this lot has a guide price of £975,000+ (plus fees).

In Derbyshire we have The Old School in Belper, a freehold former community centre, detached single storey building on a 0.0795 ha site.

Lot 26

  • Long Close Office Complex, Cemetery Lane, Providence Street, Ripley DE5 3HY
  • Guide price*
  • £750,000+ (plus fees)
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Long Close Office Complex in Ripley is a freehold site extending to approx. 4.45 acres and comprising six office blocks and car parking. It has potential for conversion/redevelopment, subject to planning consent.

We have several unique lots in our auction this month with deep historical roots.

Firstly, in Leicestershire is the land and stables at Langton Hall, West Langton. Formerly owned by the Spencer family, the hall was deemed to be a suitable house for the then Prince Charles to court Lady Diana Spencer as the paparazzi would struggle to gain access to them. It is being offered for sale with a guide price of £400,000+ (plus fees).

Lot 205

  • Land and Stables, Langton Hall, West Langton Road, West Langton, Leicestershire LE16 7TY
  • Guide price*
  • £400,000+ (plus fees)
View more

Further south in Lostwithiel, Cornwall is Castle Milltown, a fire-damaged early Victorian Country Mansion which was used to interrogate Hitler’s deputy during World War II. The Grade II Listed property has a guide price of £800,000-£950,000 (plus fees).

Lot 20

  • Castle, Milltown, Lostwithiel, Cornwall PL22 0JN
  • Guide price*
  • £800,000 - £950,000 (plus fees)
View more

You can browse all the lots in our February 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 Wednesday 27th March, a day earlier than usual due to the Easter weekend. 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. 

Property finder

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Lot 156

  • 33 South Trinity Road, Edinburgh EH5 3PN
  • Guide price*
  • £120,000+ (plus fees)
View more

Lot 39

  • Highfield House, Station Road, Ibstock, Leicestershire LE67 6JJ
  • Guide price*
  • £750,000+ (plus fees)
View more

Property investment for beginners can be daunting, as there is an overwhelming amount of information and considerations to take into account. Despite this, however, there is great appeal in investing in a buy-to-let property, such as generating a viable and potentially lucrative form of secondary income.

Becoming a landlord is not without risk, but with our buying-to-let guide, you’ll be well-equipped to mitigate these risks and improve your chances of becoming a successful landlord. Continue reading to learn more about what your responsibilities as a landlord will be, as well as what to look out for when purchasing a buy-to-let property.

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!

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.

Lot 54

  • Vernon Street Portfolio, Derby DE1 1FR
  • Guide price*
  • £950,000+ (plus fees)
View more

Lot 14

  • The Foremans Club, Litchurch Villa, 241 Osmaston Road, Derby DE23 8JS
  • Guide price*
  • £350,000+ (plus fees)
View more

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.

Lot 8

  • The Chapel, Villa Road, Cheddleton, Leek ST13 7EA
  • Guide price*
  • £250,000+ (plus fees)
View more

Lot 45

  • Flat 1, Normanby House, 106 Coatham Road, Redcar TS10 1RZ
  • Guide price*
  • £15,000 - £25,000 (plus fees)
View more