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National Property Auction
Thursday 27th July 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 latest
200+ lot auction catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
We’ve got another fantastic catalogue of over 200 lots for you this month. I’m so proud of our team and the way we’re helping so many of our customers to sell their properties, especially when there’s such uncertainty in the financial markets over recent months.
In the past two months we’ve offered over 450 lots – what a team effort!
Amongst the lots this month we’ve got former community buildings, land, holiday homes, development and refurbishment opportunities, commercial units suitable for business premises alongside plenty of residential houses, flats and bungalows.
Our lot 1 on Thursday 27th July is a two bedroomed mid-terraced property at 63 Shrewsbury Road in Nottingham which has potential for a rental income of £700+ pcm. We’re already seeing a lot of enquiries on this one and we advise prospective buyers go online and book a viewing if they’re interested in bidding.
Anyone looking for a refurbishment project will be interested in the three bedroomed 1950s detached house at 6 Beacon Drive in Loughborough. With potential for development into a student HMO, this property is close to amenities and the university and has a driveway and private garden to the rear.
Amongst a good number of properties across the north east and north west of the UK this month is this two bedroomed bungalow at 64 Castle Green in Sunderland which has a guide price of £68,000+ and this two bedroomed terraced property at 7 Sibthorpe Street in North Shields which is being offered with a guide price of £27,000+.
In Oldham is a part developed semi-detached property with planning permission granted and work commenced for a change of use from dwelling (use class C3) to transitional social care (use class C2) including erection of single storey side and rear extensions and first-floor rear extension. The guide price is £375,000+ and viewings can be requested via our website.
Lot 130
- 298/298a Moston Lane East, Oldham, Manchester M40 3HZ
- Guide price*
- £375,000+ (plus fees)
Another semi-detached property with scope for extension is 1 Rushmere Drive in Bury. With a guide price of £199,000+, this three bedroomed property is situated in a popular location of Brandleshome and would make a great family home or buy to let investment.
If you’re looking for a commercial property to purchase, then take a look at Teversal Village Candle Company and Teversal Community Hub in Sutton in Ashfield. Having recently been refurbished, this lot is being sold with vacant possession on completion and has a guide price of £85,000+.
Lot 8
- Teversal Village Candle Company and Teversal Community Hub, Fackley Road, Teversal, Sutton in Ashfield NG17 3GS
- Guide price*
- £85,000+ (plus fees)
The former storage depot at Melandra Road in Glossop would suit a variety of uses including industrial, storage/builders yard. It is also potentially suitable for residential development subject to planning consent. It has a guide price of £70,000+.
Heading to South Croydon in Surrey, is Flat 4, 18 Kingsdown Avenue, a first floor studio apartment on a popular residential road and close to Croydon town centre.
Lot 94
- Flat 4, 18 Kingsdown Avenue, South Croydon, Surrey CR2 6QF
- Guide price*
- £95,000 - £110,000 (plus fees)
You can browse all the lots in our July National Property Auction here. Once you’ve found a lot you’re interested in, you can book your viewing and download the legal pack from the property listing on our website. It’s that easy!
If you’d like to register to bid in the auction, all you need to do is fill in our simple online form and complete a few simple pre-auction checks.
However, if you’d 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.
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.
Are holiday lets a
good investment?
Investors in every area of property have to work hard to strike a balance between effort and expenses to generate profit. It is only with this approach that an investment strategy can be fruitful. When considering if a holiday let investment will generate enough profit to merit the resources expended, there are a few elements that must be considered prior to purchasing the property.
In this blog, our experts at SDL Property Auctions will be looking at the potential benefits and disadvantages of buying a holiday let property in comparison to more common buy-to-let investment types. We’ll pay close attention to the management and tax costs involved, provide advice on how to pick the right property, and answer the ultimate question: is it worth owning a holiday let?
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.
