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 November catalogue
Managing Director & Auctioneer at
SDL Property Auctions
Our next live-streamed National Property Auction takes place on Thursday 30th November, and we’re delighted to launch another bumper catalogue of more than 235 lots for sale.
With the end of the year fast approaching, those who sell their property in our auction this month will get an immediate exchange of contracts, securing the sale and a fixed date for completion only weeks later.
Our auction kicks off with a detached house at 45 Charlemont Avenue in West Bromwich which has a guide price of £95,000-£120,000 (plus fees). This property occupies two plots (43 and 45) and needs modernisation, offering plenty of opportunity to add significant value.
Lot 2 is also an excellent refurbishment property offering significant scope for redevelopment (subject to obtaining planning consent). This attractive traditionally built four bedroomed detached period property at 199 Derby Road in Ilkeston has a guide price of £180,000+ (plus fees). Interested parties can book a viewing on our website.
Staying in Derbyshire, we have the Pattern House at Milford Mills in Milford. This large stone built former mill building is located in a prominent location just north of Duffield. It is currently offices with off road parking and spans approx. 1,650sq ft. Suitable for a wide range of uses (subject to planning consent) this lot is offered with vacant possession and has a guide price of £175,000+ (plus fees).
Lot 85 is Flats 28-32 York Towers, 383 York Road in Leeds which has a guide price of £350,000+ (plus fees). A rare high yielding residential investment opportunity comprising five top floor apartments, all well-presented with stunning views and producing a combined gross income of £45,900pa.
A part-built block of six flats arranged over three floors with two, two-bedroom apartments on each floor is our lot 10 at 1 Causey Drive in Middleton. Completed to a high standard with internal fixtures and fittings now required to finish, it is well positioned within a popular residential area and is for sale with a guide price of £250,000+ (plus fees).
In north London we’re selling 133a Lancaster Road in Enfield, a first floor two bedroomed flat in need of modernisation and with a guide price of £150,000+ (plus fees). Benefitting from double glazing, two bedrooms, a spacious living room and loft access, it has lots of potential for owner occupation or investment.
Marquis of Granby in High Street, Wellingore, Lincoln is a Grade II Listed building trading public house which serves food and has three bed & breakfast bedrooms. It is currently tenanted and generating a monthly rent of £1,000. With a guide price of £225,000+ (plus fees) it would make a great investment opportunity.
You can browse all the lots in our November National Property Auction here.
Once you’ve found a lot you’re interested in, it’s easy to book your viewing and download the legal pack directly from the property listing on our website.
If you’d like to register to bid in the auction, all you need to do is fill in our online form and complete a few pre-auction checks. Or you can watch the auction 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 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.
How do live-streamed
In the post-covid era, most tasks can now be completed online, removing the need to travel anywhere in person. This extends to our live-streamed property auctions, which have seen a high level of success and increasing demand for a number of years, as their easy accessibility allows individuals to participate from anywhere. This saves them from forking out on travel expenses to physically attend an auction house, opening opportunities for more bidders and creating more interest for sellers.
Whether you’re a prospective bidder, seller, or you’re simply interested in observing, our Auction Events seamlessly blend the traditional auction experience with modern technology and expert advice.
This helps our clients find success from our live-streamed property auctions, maximising the value obtained for their properties while widening the range of exciting lots available for buyers to bid for.
Our auctions see hundreds of residential and commercial properties, as well as plots of land, sold every month for all kinds of clients. In this post, we’ll provide advice on how to join our Auction Events, give more information about what you can expect from these, as well as guidance on bidding or selling a property in our live-streamed auctions.
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!
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.
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.