1st November 2019
Demand for properties as strong as ever at Birmingham auction
The auction room at Villa Park was packed for SDL Auctions Bigwood’s sixth Birmingham auction of the year, which saw a wide variety of properties go under the hammer.
The sixth SDL Auctions Bigwood auction of the year got off to a flying start with the sale of 9 Peach Avenue in Wednesbury, a three bedroomed semi-detached refurbishment property. The property attracted enthusiastic bidding and sold for £96,000 from a *guide price of £36,000+.
At the rostrum was auctioneer Andrew Parker, who said: “What a great way to start our auction; with a fabulous house that will make a great investment. There’s plenty of opportunity to add value to this property by carrying out the necessary improvements and, once completed, it will be a great family home or rental property.”
The keen bidding continued as Flat 3, Augustus Court, 1 Augustus Road in Edgbaston went under the hammer. This vacant first floor two bedroomed flat, which requires cosmetic upgrades, has car parking, a garage and the use of communal garden. It sold for £113,000 from a guide price of £85,000+.
Other stand-out lots included 1 Velsheda Road in Shirley, which sold after some determined bidding for £247,500 from a guide price of £195,000+. The three bedroomed semi-detached property requires modernisation but is in a desirable location and has the potential to extend, subject to planning permission.
But not all lots were houses and flats; commercial properties, development opportunities and parcels of land went under the hammer, too.
One development opportunity was Tudor House, 2 Worcester Street in Stourbridge, a four bedroomed house currently used as offices with planning permission to be demolished and replaced with eight new apartments. The property sold for £340,000 from a guide price of £320,000+.
Andrew said: “This is a great opportunity to make your mark on the local area and provide new homes for local residents. It will be interesting to see how this site is developed.”
The auction ended as it began, with more enthusiastic bidding, this time for a Birmingham bungalow.
Sitting on a large plot opposite the local sports ground and close to parks but with easy access to the M6, the two bedroomed 130 College Road in Perry Barr, requires refurbishment but has potential for development, subject to planning permission. It sold for £162,000 from a guide price of £87,000+.
Andrew added: “We had another great day in the auction room, getting some fantastic results for our sellers and matching buyers with some excellent properties. It’s particularly satisfying to know that all the transactions will be smooth and hassle-free, with contracts exchanged immediately and completion taking place in 20 working days. There’s no easier way to buy and sell property than via auction.”
SDL Auctions Bigwood – a finalist in the Business of the Year category of the Birmingham Awards – is now planning for its final Birmingham auction of the year, which will be held at Villa Park on Wednesday 18 December, allowing vendors to secure a sale by Christmas. To find out more about selling your property at auction, or to book a free auction appraisal, please click here or call 0121 233 5046.