Our biggest ever live-streamed catalogue
National Property Auction
Thursday 29th July 2021 at 10:00am
Addendum
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 will be updated up until auction day, so if you’re bidding on Thursday, make sure to regularly check back to stay in the know.
Welcome to your July
interactive digital catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
It is my pleasure to launch the catalogue for our July National Property Auction, taking place on Thursday 29th July.
This month is especially exciting for a variety of reasons – we’re very proud to reveal our biggest live-streamed catalogue ever, with over 247 lots for sale and ready for your bid. Not only this, but this month we’ll be joined on the rostrum by our guest auctioneer Isabel Murtough, who will guide us through the day alongside Rory Daly and Graham Penny. You can find out more about Isabel in our video below.
You may have heard myself and my fellow auctioneers talk about legal packs if you’re a frequent auction viewer, but if you’re new to auctions or haven’t bought or sold by auction before, then they may be a brand-new experience for you. We’ve worked with our friends at ASAP to create a handy guide to legal packs below, which will hopefully help to fill in any gaps.
We’ve got a wonderful selection of properties in this month’s catalogue, including everything from buy-to-let investments, small and large-scale development projects (including some with planning permission) and everything in between. Simply use the view all lots button at the end of this section to take a look at the 247 properties featuring in this month’s auction.
In Smethwick, we find lot 64 – a development site at Woodland Drive. The site takes the form of a rectangular parcel of land that has planning consent for a 14-bed care facility. This has been granted subject to conditions by Sandwell Metropolitan Borough Council dated 22 January 2021. This is an incredible opportunity for any developers looking to take on a large-scale project, and with a guide price* of £190,000+ (plus fees), it’s not be missed.
Lot 64
- Development Site at Woodland Drive, Smethwick B66 1JF
- Guide price*
- £180,000+ (plus fees)
For anyone looking for a smaller project, lot 110, Huntingdon in Alfreton would be the perfect purchase. Located in the popular village location of Wessington, this detached bungalow has planning permission granted for a substantial two storey extension, to create a five bedroom house with a self-contained one bedroom annexe. With the potential to become a stunning family home, anyone looking to complete their own grand design need look no further, with the property being offered with a guide price of £250,000+ (plus fees).
Lot 110
- Huntingdon, Brackenfield Lane, Wessington, Alfreton DE55 6DW
- Guide price*
- £255,000+ (plus fees)
Alternatively, landlords looking to boost their portfolio in the Birmingham area should pay close attention to lot 26. 116 Nineveh Road in Handsworth, being sold on behalf of Midland Heart, is a three bedroom terrace, available with vacant possession. In need of refurbishment, the property has the potential to produce £750pcm in rental income, representing a 15% yield at the guide price of £60,000+ (plus fees).
Lot 26
- 116 Nineveh Road, Handsworth, Birmingham, West Midlands B21 0TD
- Guide price*
- £75,000+ (plus fees)
If you’re more interested in an already tenanted investment purchase, then lot 156 may be what you’re looking for. 6-8 Sefton Road in Liverpool is a fully let mixed use property. The ground floor is currently let to Boots UK on a five-year FRI lease (as of 1/02/18) producing £12,250 per annum. Upstairs is a substantial, self-contained, two bedroom flat which is let on a lifetime tenancy of £1 per annum, and an addition two room office which is let to an adjoining solicitors for £2,400 per annum – a total yearly income of £14,651. Situated in the popular area of Bootle, this represents great value for money, being offered at a guide price of £185,000+ (plus fees).
Lot 156
- 6-8 Sefton Road, Litherland, Bootle, Liverpool, Merseyside L21 7PG
- Guide price*
- £170,000+ (plus fees)
Lot 147, 13 Mount Pleasant in Chester – offered in partnership with Humphreys – would be the perfect first-time buyer purchase. This spacious, two bedroom terraced property, has the additional benefit of redecoration work and new carpeting to both bedrooms and to the stairs and landing areas, yet still offers scope for the new owners to put their own stamp on their new home. Well placed for many local amenities and transport links, its guide price of £132,000+ (plus fees) makes it a great opportunity for anyone looking to get onto the property ladder.
If you’re interested on bidding in this month’s auction, you will need to complete your registration before midday on Wednesday 28th July. To do so, simply fill in our online form – it’s quick and easy, and costs nothing to sign up, meaning if you change your mind for any reason before auction day, you won’t be charged a penny. There’s also a handy guide below that takes you through all our remote bidding options: online, on the phone and by proxy so you can bid in the way that works best for you.
Next month’s National Property Auction takes place on Thursday 26th August. If you’re interested in selling by auction and beating the final stamp duty deadline in September, this is your last chance. Take a look at our frequently asked questions or contact our friendly team on 0800 046 5454 to discover how we can help.
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 midday 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.
Why do auction properties need a legal pack?
Tony Hill – Assured Sale and Progression
When you buy or sell a property by auction, the legal pack is key. But why is it so important? Find out everything you need to know in this guest blog from Tony Hill, of Assured Sale And Progression (ASAP), which provides legal packs for many of our sellers.
Alongside every property being sold by SDL Property Auctions you’ll see an invitation to download a legal pack. This is not a term which crops up when buying a house on the open market, through an estate agent, so if you are new to auctions, you may be wondering what this is.
The legal pack contains vital information for any prospective purchasers. Before bidding on a property, it’s really important to read through the legal pack carefully – and to have it checked by a solicitor or conveyancer who has experience of auction sales, too.
Remember to tune in!
Our Auction Events are currently 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 10:00am and will run throughout the day, with our each of our auctioneers taking to the rostrum. To tune in on the day, simply visit our website where you’ll be able to watch the auction unfold from our home page, 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.
Guide to additional fees
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!
Despite the current restrictions the Homes under the Hammer team are still looking for properties to feature in upcoming episodes of the show, even though they can’t be in the auction studio. If you’re interested in taking part in the programme or would like any information about what is involved in taking part please contact either Romy Lyon on 07929 829814 or Sophie Morrison on 07929 829812 or alternatively use the button 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. You can view the legal packs for all lots in this month’s auction using the link below.
