7th December 2020
Not too late to secure a property purchase before Christmas
There’s still time to secure a property purchase before Christmas as SDL Property Auctions has just launched its December catalogue ahead of its final National Property Auction of the year.
And buyers in the Auction Event will also beat the stamp duty holiday deadline comfortably, as exchange will take place on the fall of the hammer and sales will complete in January.
The Auction Event will once again be held in the company’s head office auction studio with a live auctioneer and will provide buyers with a choice of remote bidding methods.
Managing director and auctioneer Andrew Parker said: “We’ve seen that even within the restrictions of the pandemic, there is still a thirst for live auction events. While we offer Timed Auctions daily on our website, our live-streamed auctions provide the theatre and drama that many buyers and sellers enjoy, while keeping everyone safe.”
Buyers can bid over the internet, by proxy or by telephone which, said Andrew, ensures the Auction Events remain accessible to everyone: “Not everyone is comfortable on the internet, so if they prefer, buyers can either leave the bidding to the auctioneer or speak to one of our friendly team on the day. And we will always pace the bidding so that nobody is left behind.”
Bidding is expected to begin in earnest for the first lot of the day, a refurbishment project in Nottingham’s desirable Lady Bay area. Andrew said buyers are unlikely to be deterred by the condition of 50 Rutland Road in West Bridgford, Nottingham, a period property requiring full renovation following fire damage.
He said: “Many auction buyers are actively seeking properties to refurbish and this is ideal for a private buyer looking for a family home, or a sound investment for a developer. Either way, it’s a wonderful opportunity to gain a foothold in this highly sought-after location.”
The semi-detached property, which backs onto Grantham Canal and has a *guide price of £135,000+, features three good-sized bedrooms, two reception rooms and cellars. There is also the potential for a loft conversion, subject to planning permission.
The December catalogue features properties to suit all budgets. In the popular coastal town of Lytham St Annes, a retirement apartment has an attractive guide price of £4,500+. Recently renovated, the one bedroomed first-floor Flat 15 in 143-145 St Andrews Road South is in a popular and attractive property for the over 55s, close to excellent local transport links and a wealth of leisure facilities, including four golf courses.
At the other end of the country, another seaside apartment can be found in Clacton-on-Sea, this time suitable for all age groups.
Located in the bustling seaside resort with excellent transport links into London Liverpool Street Station, 150a Wellesley Road is on the first floor and features three bedrooms, a lounge, kitchen/diner, family shower room, a shared garden and off-road parking. The guide price is £120,000+ and auctioneers say the property would make an excellent buy-to-let with a potential rental income of more than £10,000.
Another excellent investment opportunity can be found in Birmingham, where 304-312A Hob Moor Road in Small Heath offers 10 separate commercial and residential units, all fully let and producing a combined annual rental income of £68,820.
The property, which has a guide price of £750,000+, comprises a detached two-storey building comprising three commercial units on the ground floor with four one bedroomed flats above on the first floor. A single-storey rear extension provides three further one bedroomed flats and there is parking at the front of the property for around six vehicles.
Andrew said: “This would make an superb low-risk, high-yield investment in a popular residential area very close to Birmingham Heartlands Hospital and very convenient for the A45 and M42.”
There are high-yield investments in the East Midlands, too, including the stand-out 1171 London Road in Alvaston, a recently refurbished late Victorian detached property with a distinctive turret.
The three-storey property, which has a guide price of £275,000+, has six bedrooms and two reception rooms, along with lapsed planning permission for a single-storey side and rear extension.
Andrew said: “This is a beautiful property in a prominent corner location which successfully combines attractive original features such as moulded coving with modern fixtures and fittings. It offers a great deal of potential, either as a home for a large or multi-generation family or, with the relevant permissions, as a high-end 10 bedroomed House in Multiple Occupation.”
These are just a few of the lots due to be sold by SDL Property Auctions, the UK’s most successful live-streamed auctioneer, on Friday 18th December. For more information on any of the properties or to register to bid by telephone, proxy or on the internet, click here or call the team on 0800 046 5454.