24th July 2020
Refurbishment projects are top of the properties on SDL Auctions website
SDL Auctions has revealed its most-viewed properties on its website for the first half of the year – with renovation properties taking the top spots.
Spanning room auctions prior to lockdown through to the hugely popular live-streamed national property auctions currently being conducted every month, the top 10 properties feature houses, bungalows and a particularly notorious Lancashire farm.
Managing director and auctioneer Andrew Parker said: “It’s been a very strange year for everyone and a year of great changes to the way we run our auctions. But I’m delighted to say that people’s desire to buy property has not waned, with properties from our live-streamed auctions proving just as popular as those sold in our traditional room auctions in February.”
1. 4 Little Green Lanes, Sutton Coldfield
Taking the top spot is a chalet bungalow in Sutton Coldfield. Boarded-up and overgrown, 4 Little Green Lanes represented a major refurbishment challenge but attracted a huge amount of attention, with more than 7,500 people viewing the property on the website ahead of the May national property auction. It was the first lot to go under the hammer and drew spirited bidding, selling for £221,000 from a *guide price of £90,000+.
2. Trice Barn Farm, off Bacup Old Road in Bacup
In at number two is Trice Barn Farm, off Bacup Old Road in Bacup, which was another hotly-anticipated lot in the May auction.
The subject of national press attention in the past after animals were found living there in squalor, the farm had also experienced a fire in the run-up to the auction and bidders were warned that an occupant had been served notice to leave but remained on site.
Despite this, 6,300 potential buyers checked out the 80-acre site and farmhouse on the website and bidding was fast and furious. The farm sold for £394,000 from a guide price of £50,000+.
Andrew said: “The level of interest in this lot was incredible. We had potential buyers lining up to bid and the final figure exceeded all expectations. We were delighted to get such a great result for the seller, allowing them to move onto a new chapter of their life.”
3. 35 Eyres Gardens in Ilkeston
A seemingly unremarkable end-terrace in Derbyshire proved another hit with visitors to the SDL Auctions website ahead of one of the last room auctions held before the nation went into lockdown. Held at Pride Park Stadium in Derby on Valentine’s Day, the auction saw some passionate bidding for 35 Eyres Gardens, a two double bedroomed property which sold for £72,000 from a guide price of £25,000+.
4. 150 Glaisdale Drive East in Bilborough, Nottingham
It was another bungalow which drew the website views and bids at the first Nottingham auction of the year, held at Nottingham Racecourse in February. 150 Glaisdale Drive East in Bilborough, a two bedroomed detached refurbishment property, drew enthusiastic bidding, with the audience bursting into spontaneous applause when it sold for £123,000 from a guide price of £45,000+.
5. 9 Colman Avenue in Wolverhampton
Any concerns that buyers would not adapt to the new national property auction format were dispelled in April, with more than 2,000 visitors to the website checking out 9 Colman Avenue in Wolverhampton and a dozen buyers registering to bid on the property remotely.
Requiring modernisation and upgrading, the three bedroomed semi-detached property sold for £61,500 from a guide price of £25,000+.
6. 132 Derby Road in Ripley
A refurbishment property tucked away in a secluded part of Ripley, Derbyshire, was another popular property on the SDL Auctions website back in February. Close to the town centre but on a large enough plot to accommodate an extension, subject to planning permission, 132 Derby Road sold for £60,000 from a guide price of £25,000+.
7. 6 Leopold Street in Derby
A grand old gentleman’s residence and former doctors’ surgery proved a big hit on the SDL Auctions website ahead of May’s national property auction. A beautiful character property, 6 Leopold Street in Derby was sold with full planning permission for conversion to a House of Multiple Occupation. It attracted fierce bidding and sold for more than twice its guide price, realising £600,000 from a guide price of £295,000+.
8. 11 Cavendish Way in Mickleover, Derby
Another refurbishment property takes the eighth spot. 11 Cavendish Way in Mickleover attracted a huge amount of attention on the website and was the first property to go under the hammer in the national property auction in June. The property occupies a large corner plot and bidders were attracted by the potential to extend, subject to planning permission. Bidding was enthusiastic and it sold for £307,000 from a guide price of £210,000.
9. Inglewood, Smorral Lane in Corley, Coventry
Back in the West Midlands for number 9, with another refurbishment bungalow near Coventry which not only drew in the website visitors but sold for more than twice its guide price. Inglewood, Smorrall Lane in Corley, sits on a large plot of land, providing potential for development, subject to planning permission. It sold for £385,000 from a guide price of £160,000+.
10. Mill Farm, 18 Wood Lane in Horsley, Derbyshire
In tenth position is Mill Farm, a large three bedroomed detached former farmhouse which sold in the May national property auction. Offering excellent potential for extensions and refurbishment, this lot attracted significant interest from bidders with more than 500 people watching the virtual viewing of the property and 3,000 clicking on the details online. It sold for £350,000 from a guide price of £250,000+.
Andrew added: “It’s interesting to see that, despite the coronavirus crisis, there is a continuous desire to buy and refurbish properties. For property owners, it is also encouraging to know there are buyers out there who are undeterred by a challenge and willing to pay good prices for the opportunity.”
If you have a property to sell, you can find out more about SDL Auctions and request a free, no-obligation auction valuation by clicking here or calling the team on 0800 046 5454.