21st July 2020
130+ homes under stamp duty threshold in bumper 169-lot July auction catalogue
House buyers in England spurred on by the latest stamp duty changes have plenty to choose from in the latest catalogue from SDL Auctions, launched ahead of its July national property auction.
The most successful live-streamed auctioneer in the UK will be offering 169 residential and commercial lots around the UK in its auction on Thursday 30th July – with more than 130 homes falling under the new £500,000 stamp duty threshold. While anyone purchasing a second property will still have to pay the 3% surcharge, the news means buyers in England will save up to £15,000.
Managing director and auctioneer Andrew Parker said: “The stamp duty holiday is a real boost to England’s property market and means buyers will be in a position to bid just a little bit higher than they had originally planned, with the extra money going to our sellers instead of the tax man.”
Since moving its room auctions to national property auctions broadcast live over the internet, SDL Auctions has grown its business, selling more than 420 lots and raising £55 million for sellers since lockdown began. Its live-streamed auctions reach huge audiences and draw lots from a much wider geographical area than before.
The July auction will begin with several properties in Leicester, the first being 43 New Street in Blaby, which has a guide price of £135,000+.
Requiring extensive renovation, the three bedroomed semi-detached property offers scope for extension, subject to planning permission. Once completed, it will make a fantastic family home, with shops, restaurants and amenities nearby, and easy access to Leicester city centre, Fosse Shopping Park and the motorway network. It has a driveway, side carport and an overgrown but good-sized rear garden.
There will be a great stamp duty saving on 113 Church Lane in Quarndon, Derbyshire, which has a guide price of £480,000+.
Located in one of the county’s most desirable villages and within the Ecclesbourne School catchment area, the detached property is light and spacious with magnificent rural views, landscaped garden and detached double garage. It has four bedrooms – two with en suites and one with a balcony overlooking the countryside – a large lounge, dining room, conservatory, dining kitchen and utility room. There is also a study, making it ideal for working from home.
Andrew said: “Quarndon has always been extremely popular and this attractive family home will make an excellent purchase. It is beautifully presented throughout and ready to move into straight away. And under the new stamp duty rules, there is the potential to save £15,000, giving buyers a lot more flexibility in their budget.”
Another notable address is Bournville in Birmingham, where 24 Selly Oak Road has a guide price of £250,000+.
The three-storey period terraced property is close to Bournville Park and comprises a hallway, two reception rooms, kitchen, bathroom, three bedrooms and a shower area. Outside there are mature gardens front and rear with off-road parking.
Founded in 1900 by George Cadbury, the village has a history as rich as the chocolate which takes its name. Built around the chocolate factory, the village was designed to offer spacious living accommodation with large gardens – and laid the foundations for the development of garden cities around the country.
Andrew said: “From the time it was built right up to the present day, Bournville has been a desirable place to live. Today it is prized for its attractive architecture, independent shops, green spaces and excellent links into Birmingham city centre. This property is certainly a great buy.”
Bungalows generally prove popular at auction and 11 Chester Road in Huntington, Chester is a fine example with the potential to add value through some modernisation.
In an area which is particularly pleasant for walking – with Caldy Valley Nature Park just a few minutes away – it is also close to a small shopping parade and convenient for supermarkets, schools and motorway networks.
With a guide price of £135,000+, the detached bungalow has double glazing and electric heating and features a hallway, lounge, kitchen, wet room and two bedrooms.
These are just a small sample of the 169 properties which will be going under the hammer on Thursday 30th July. The bumper auction will be held behind closed doors from SDL Auctions’ head office auction studio, with Andrew Parker and Rory Daly sharing the rostrum duties.
Bids can be placed by telephone, by proxy or over the internet. To register to bid, please click here or call the team on 0800 046 5454 for more information.