National Property Auction
Thursday 29th September 2022 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 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.
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
It’s my pleasure to launch the catalogue for our September National Property Auction, taking place on Thursday 29th September – with over 170 lots featuring this month.
We have another great selection of properties in September’s catalogue. This month features stunning family homes, renovation projects for all buyers and budgets, listed buildings and even former places of worship.
With plenty of properties for you to browse through this month, simply use the view all lots button at the end of this section to see the full range of over 170 properties on offer.
In Kirkby-in-Ashfield in Nottinghamshire, we find 79 Diamond Avenue, an impressive detached home in need of full refurbishment. It has a particularly striking staircase, and could become a lovely family home for any buyer looking to put their own stamp on a property. Externally it also benefits from a conservatory, as well as a good sized garden. With a guide price of £115,000+ plus fees, this is a fantastic opportunity not to be missed.
Lot 3
A different type of renovation project can be found on the edge of the Peak District in Chapel-en-le-Frith. Here we find Chestnut Farmhouse, a Grade II listed home, with a separate detached former office building, which benefits from planning permission for conversion to an annexe. The house itself has retained a number of its period features, including sash windows, panelled reveals, a stone mantled fireplace and a barrel vaulted cellar. With great potential to become a unique home with sympathetic restoration, this is being offered at a guide price of £315,000+ plus fees.
Lot 60
Another great project can be found in the Altrincham area of Greater Manchester. 11 Alexander Drive is a three-bedroom semi-detached property, in need for a full scheme of renovation and upgrading. Local transport links in the area are excellent and include the M60 and M56 motorways, and Stockport and Manchester Piccadilly railway stations, making it a great choice for commuters returning to the office. With a guide price of £225,000+ plus fees, it’s sure to be popular with local developers or those looking for their own residential project.
Lot 1
One lucky buyer could walk away with the future tiny home of their dreams, as the Former Worthington Methodist Church in Leicestershire is offered for sale. Extending to just 45 square metres as its gross internal area, the property could be converted for a variety of uses, subject to the necessary planning consents being obtained. This, plus its Grade-II listed status, makes its guide price of just £10,000+ plus fees incredibly attractive.
Lot 2
If you’re interested in bidding in this month’s auction, you will need to register before midday on Wednesday 28th September – to do so, simply head to 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 handy 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.
Our next National Property Auction takes place on Thursday 27th 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.
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 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.
When it comes to the task of finding out the owner of a property or a piece of land in the UK, the process is significantly easier and more straightforward than you might think. There’s no need to fill out piles upon piles of forms and you needn’t set aside hours of time – simply grab your laptop or phone.
There are a number of ways to find out who owns a property but, for most of us, the easiest and most inexpensive way of doing so is by using HM Land Registry. Requesting information, such as the history of ownership of a property, comes at a small fee but is a simpler option than other methods of finding out who owns a property.
In this blog, we’ll be sharing with you our expert insight into why it can be useful to know additional information about a property, such as the owner and the price they paid, before making an offer on, or bidding for, a property. We’ll also take you through the best and safest ways to find out who owns a property or piece of land so that you can access trustworthy and accurate information with ease.
There are plenty of reasons a person may need or want to find out who the current owner of a property is. These reasons range from the commonplace to the utterly obscure and, to help you figure out if this information could be of use to you, we’ve listed just a few examples of what motivates people to seek out the owner of a property.
HM Land Registry offers a few different services at varying price points, all of which offer useful information. These services start with a Title Summary service which is entirely free to use but, if you’re looking specifically for the owner of a property of piece of land, you’ll need to purchase a Title Register document for a small fee.
To help you figure out which service you require, we’ve listed the costs of each service, and a rundown of the information each provides you with, below.
While the above services are available for properties within England and Wales, Scotland and Northern Ireland have their own registries. If you’re searching for information regarding the owners of properties within the borders of Scotland or Northern Ireland, you’ll need to go directly to their registries and fees will also differ.
For Scotland, you can access property information including the owner of the property and property prices for free, and further information can also be bought for a small fee. The link for the Scottish Land Registry search can be found here.
For properties in Northern Ireland, a wider range of fees apply to search and copy registry records but, if all you’re looking for is the current owner of a property in Northern Ireland, you can pay a £5 fee to see a property folio, or a £7 fee to take an uncertified copy of that folio. The process for these services can be started with a postal address from here.
At SDL Property Auctions, we’re proud to offer a wide range of property and land types across England, Scotland and Wales and welcome all of our sellers and buyers to conduct research before placing a bid on their chosen lot.
Whether you’re looking to sell your property by auction or are on the lookout for your perfect investment, our auctioneers are ready to answer any questions you may have. Contact us directly by calling us on 0800 046 5454 or send us an email at enquiries@sdlauctions.co.uk.
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 10:00am 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.
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 Vaila Walterson on 07814 079910 or Emily Hazlitt on 07966 167076 or alternatively use the button 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 for a property you’re interested in, simply click through to the lot using the list linked below, and select ‘legal pack’ on the right-hand panel.
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