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 September catalogue
Managing Director & Auctioneer at
SDL Property Auctions
I’m pleased to unveil to you our ninth catalogue of the year so far, for our auction on Thursday 28th September. This month the catalogue is filled with 191 lots, all online now and ready for you to scroll through.
Spanning the length and breadth of the country, we have both vacant and tenanted properties, mixed-use and retail units, commercial developments, land and building plots, plus the regular fixer-upper and ready-to-move-into houses.
We’re seeing no let up in the interest from buyers or sellers, despite the ever-changing economic landscape and the challenges facing owner-occupiers and landlords. In fact, this month we’re conducting four live-streamed auctions, plus we continue to offer our Timed Auctions online.
We held our postponed August National Property Auction on Tuesday 5th September, before conducting a live-streamed auction on behalf of Shepherd Commercial Auctions only two days later, in which we helped secure a fantastic £1,771,000 in sales. On Tuesday 26th September we will be conducting our next Knight Frank Auction before we hold our September National Property Auction on Thursday 28th.
One lot in our auction which is packed with potential is 1 Springfield Road in Chellaston, Derby, a three bedroomed detached family home which we are delighted to offer for sale with our partners at Hannells. With a spacious and unique layout this house is located in the most sought-after area of Chellaston. It is in need of renovation but is packed with potential and benefits from uPVC double glazing and an attached garage.1
Another excellent detached house in the auction this month but this time requiring a full upgrading is Vine Cottage in Quorn, Loughborough. Located on a quiet street in the highly regarded village of Quorn, the property is close to local amenities and within a couple of miles of Loughborough. Vine Cottage requires full upgrading but offers scope to make a wonderful home or buy to let opportunity.
Buyers looking for a tenanted property may be interested in 70 Droylsden Road in Audenshaw, Manchester. We are advised that this extended two bedroomed mid-terrace house is let at £600 per calendar month to long term tenant.
Another tenanted property for sale, this time in Swindon, is at 68 Dydale Road. This four bedroomed terraced house offers spacious accommodation throughout and is generously proportioned over three floors. The property is let and producing £1,300 per calendar month and is for sale with a guide price of £260,000+ (plus fees).
Another superb opportunity not to be missed is the extended four bedroomed detached house at 22 Batchworth Lane in Northwood. Set within an enviable and highly regarded location, it has planning permission approved for a further and significant extension to increase the current 2,100 sq. ft. of accommodation to an impressive 3,400 sq. ft. of living space.
You can browse all the lots in our September National Property Auction here.
Once you’ve found a lot you’re interested in, it’s really easy to book your viewing and download the legal pack. All you need to do is go to the property listing on our website and select the relevant option.
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.
However, if you’d simply 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 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.
The Monopoly board
with real house
First released in 1935, the standard UK edition of the classic Monopoly game is widely regarded as one of the most popular board games from the last century. Featuring the iconic streets of London, including tourist hotspots like Piccadilly and Oxford Street, the London board’s locations have remained the same over the years and so too have the prices.
In light of the countless economic changes we’ve seen since 1935, and the ever-increasing real life prices these premium London postcodes demand, it’s unsurprising that the board’s traditional property prices, taxes, and penalties have become outdated.
As property enthusiasts who are interested in all things related to the UK market, we’ve researched the real value of the London Monopoly properties and created our own realistic board.
In this post, we’ll discuss the average sale prices of these iconic areas of London, as well as fill in some more spaces on the board with modern figures, including the utility properties, tax spaces and how much you would really get for passing go.
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.