26th March 2020
Hundreds of remote bids are placed in first ‘socially distant’ auction
SDL Auctions Bigwood has hailed its first ‘socially distant’ auction a huge success after receiving more than 250 remote bidding requests – five times the usual amount.
Managing director and auctioneer Andrew Parker took to the rostrum as normal, although this time it was set up in the company’s head office with only a few staff present, all keeping well apart from each other. The action was streamed live via the company website, with an impressive 900 people watching from a safe distance.
And buyers proved to be just as keen as ever to secure a property purchase, with enthusiastic bidding taking place by telephone, by proxy and over the internet. 400 individual bids were recorded via the internet alone.
Andrew said: “With so few of us in the room, it felt a little strange to begin with but we soon got into the swing of things when the bids started coming through thick and fast for our first property.”
One of two lots being sold on behalf of the City of Wolverhampton Council, 30 Victoria Road in Fallings Park, Wolverhampton, was the first to go under the hammer, selling for £87,000 from a *guide price of £68,000+.
Requiring full refurbishment, the three bedroomed semi-detached house has the potential to become a sought-after rental property or family home and Andrew said this was reflected in the bidding.
“We were not surprised that this property proved so popular as it is in a great spot, within walking distance of New Cross Hospital, and all landlords know that hospital staff are always seeking homes to rent.”
The success of this lot was quickly followed by the second City of Wolverhampton Council lot, a former garage site at Parry Road in Wednesfield. The vacant site has outline planning permission for up to three residential units and sold for £80,000 from a guide price of £55,000+.
Another property project which proved popular with bidders was 76 Pottery Road in Oldbury, which sold for £160,000, double its guide price of £80,000+. The three bedroomed semi-detached property requires full renovation and refurbishment and is a desirable residential location, popular with both home-owners and tenants.
A late entry to the auction, 183, 185 and 187 Stratford Road in Sparkbrook is a vacant 14 bedroomed former hostel which was built in around 1900 and has accommodation over three floors. It attracted a great deal of interest and sold for £576,000 from a guide of £550,000+.
The auction ended as energetically as it began, with some rapid bidding leading to the sale of a spacious and well-presented bungalow in Great Barr for £350,500 from a guide price of £220,000+.
220 Newton Road is a four bedroomed detached property which sits well back behind a large front garden on a large plot with easy access to the motorway network.
Andrew commented: “It was particularly pleasing to see our final lot sell so well as it was being sold via a Power of Attorney to fund the care home expenses for the home-owner who requires assistance with day-to-day living. I hope we’ve done our bit today to help them live a more comfortable life. Plus the successful buyer is now delighted as he’s able to move his family into their forever home.
Andrew added: “We are so thrilled that our first auction to be held behind closed doors was such a resounding success and are humbled to have such great support from our buyers, sellers and partners. We have proved it is possible to keep the property industry moving and carry on offering a great service, despite the current social distancing rules.”
The team at SDL Auctions Bigwood are continuing to work remotely and are now on the lookout for properties to sell in the next Birmingham auction on Thursday 28th May. To find out more about selling your property at auction, or to book a free virtual auction valuation, please click here or call 0121 233 5046.