The UK's biggest live-streamed property auction this month
National Property Auction
Thursday 30th September 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 September
auction catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
It’s my pleasure to launch the catalogue for our September National Property Auction on Thursday 30th September.
We have a mammoth catalogue for you this month and we’re extremely proud to have over 244 lots being offered for sale by auction making this the biggest live-streamed auction in the UK for the second month running.
We are incredibly proud to have offered one in every four auction lots across the UK last month. Last month was also the last opportunity for people looking to sell their property before the stamp duty holiday ends, which is now just a couple of weeks away, and it will be interesting to see what effect this has on the housing market in the coming months.
Lot 43
- Widebeam Barge, Meadow Farm Marina, Huston Close, Barrow upon Soar, Loughborough LE12 8NB
- Guide price*
- £85,000+ (plus fees)
If you’re considering bidding in this month’s auction, now is the time to book your property viewings using our new, easy-to-use online booking system. If anyone needs a reminder of how this works, you can find out more about the process here and in the viewings section below.
You may have tuned into each of our National Property Auctions since the start of the pandemic last year, or this may be your first and are curious about how our live-streamed auctions work. We’ve popped a handy guide together below to hopefully answer some of your questions. As we move into the winter months, we’ll continue to hold all our Auction Events remotely, as we continue to keep our staff and customers safe.
Lot 172
- Mount Gilead Chapel, Bryn Celyn, Holywell CH8 7QF
- Guide price*
- £70,000+ (plus fees)
We have another fantastic selection of properties for sale in this month’s catalogue, with everything from houseboats and former hotels to ready-to-go family homes and renovation projects. Simply use the view all lots button at the end of this section to see the full range of 244 properties in the auction.
To register to bid in time for this month’s auction, you need to have registered before midday on Wednesday 29th September which you can do through our quick and easy online form here. It’ll take no more than a few minutes to complete and costs nothing to sign up. There’s also a quick guide below which takes you through all our remote bidding options: online, on the phone and by proxy, so that you can bid in the way that you’re most comfortable with.
Lot 155
- Northfield Market, 855-857 Bristol Road South, Northfield, West Midlands B31 2PA
- Guide price*
- £1,100,000+ (plus fees)
Lot 139
- Hoff Cottages, Hoff, Appleby-In-Westmorland CA16 6TA
- Guide price*
- £225,000+ (plus fees)
Next month’s National Property Auction takes place on Thursday 28th October. If you’re interested in selling by auction, take a look at our frequently asked questions below or contact our friendly team on 0800 046 5454.
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.
Our advice on viewings
We’ve recently updated our guidance, with viewings now bookable on our website again.
How do our live-streamed property auctions work?
In the wake of the coronavirus, we’ve had to do things a little differently here at SDL Property Auctions. Unable to hold large gatherings, as is the nature of a room auction, we quickly adapted and moved to a behind closed doors model. While unable to invite bidders to physically join us, much of what happens on auction day has remained the same, with one of our auctioneers conducting the property auction live from our auction studio.
Although initially we weren’t sure what the outcome of this new way of working would be, we were prepared to make the necessary changes and we’ve found it to be quite the success. We’ve achieved growth in terms of the amount of lots we’ve offered for sale by auction, and we have raised over £300m for our sellers since the pandemic began. We now claimed the position of the most successful live-streamed property auctioneer in the UK!
And the fantastic opportunities to buy haven’t stopped there, we’re consistently seeing new sellers approaching us and exciting residential and commercial properties coming in for you to take advantage of as a buyer.
All our regional Auction Events have been broadcast live on our website for over ten years, so we knew we could make our new live-streamed monthly National Property Auctions work well. We have been successfully operating bidding online, by phone and by proxy for a decade and have an entire system in place to allow for seamless remote bidding. This made us comfortable that we could successfully achieve excellent results for all involved via a live-streamed auction, as we had the best possible technology and an expert team of people all dedicated to making it work.
In our blog post, we outline exactly how our live-streamed National Property Auctions work and how you can be involved to hopefully make your winning bid.
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.
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.
Legal packs
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.
Homes under the Hammer
