Who wants to start the bidding?
National Property Auction
Thursday 27th June 2024 at 9:00am
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 June auction catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
As we head into the summer with sunnier days and longer evenings, we’re pleased to further brighten your month with the launch of our June National Property Auction catalogue filled with 170 scorching lots going under the hammer on Thursday 27th June.
From residential flats, houses and bungalows to plots of land with and without planning permission and commercial warehouses, offices, shops and industrial units. Whether you’re looking in the north, south, east or west, in England, Scotland or Wales, there’s something for all budgets.
Lot 125
- 1 Paignton Road, Blackburn, Lancashire BB1 8DQ
- Guide price*
- £90,000 - £105,000 (plus fees)
Requiring modernisation and offering great potential is 1 Paignton Road in Blackburn, a three bedroomed semi-detached house being offered for sale with The Empire Property Group. With a guide price of £90,000-£105,000+ (plus fees), this property would make a great family home or excellent potential buy to let investment.
In East Anglia we have a three double bedroomed end-terrace house at 28 Bridge Street in Loddon, Norwich. With a guide price of £140,000+ (plus fees), this property is for sale with Musker McIntyre and offers the successful buyer the opportunity to add value with renovation.
Heading west to Liverpool and we have one of our more unique properties for sale this month – a Beatles themed pub with a seven room HMO. The Empress pub at 93 High Park Street has an estimated rental value of £40,000-£45,000pa and has potential for use as an Airbnb.
85 Cassiobury Drive in Watford is a four bedroomed traditional detached house with the potential to remodel and add significant value. Located in a very popular residential location and with good transport links, this property has a guide price of £495,000+ (plus fees).
Lot 129
- Former Royal Hotel, High Street, Coupar Angus, Perthshire PH13 9DB
- Guide price*
- £230,000+ (plus fees)
North of the border in Coupar Angus, Perthshire is the former Royal Hotel which has a guide price of £230,000+ (plus fees). This 18th Century building is in the heart of the town centre and has been converted into seven flats and provides an excellent opportunity for a developer.
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 Thursday 25th July. 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.
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Auction purchases are fast becoming an increasingly popular way to buy a home, plot of land, or investment property. The diverse range of property types available offers the chance for potential buyers to find a bargain, or acquire an unusual lot that meets all of their requirements. However, many people may initially be swayed away from the idea of purchasing by auction due to difficulty in procuring the funds to complete the sale. Contrary to what some may believe, you do not need to have the cash ready upfront to buy an auction property and there are alternative ways that you can finance your purchase.
If you’ve got your eye on an auction lot but aren’t sure about how to buy it without using cash, this article will cover the option of using Together auction finance to help you secure your dream property, but if a mortgage is a more suitable option for you, then we recommend you read our ‘can you mortgage an auction property?’ blog. Of course, some auction properties may not be mortgageable which is where alternative finance options can help. Keep reading as we discuss more about this short-term auction financing.
To read the full article click here.
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 9am 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.
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 call 07966 167076 or 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.
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