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SDL Property Auctions sees high demand for development projects as buyers kick-start their property plans for 2022

SDL Property Auctions has started the year as it means to go on – with a packed month of successful auction sales. 

Many buyers in the first National Property Auction of the year and across Timed Auctions on the SDL Property Auctions website were keen to snap up a development project to kick-start their property plans in 2022. 

Managing director and auctioneer Andrew Parker said: “It was fantastic to be back at the rostrum for our first live-streamed auction of the year. However, our Auction Events are only part of the picture as we have been selling properties in Timed Auctions on our website every day and achieving some great results for sellers all over the country.”

A particularly spectacular result was achieved in a Timed Auction for the seller of 3 Belmont Drive in Liverpool, a seven bedroomed semi-detached house with a huge amount of potential. In a great location, the property could be converted to flats, with a planning application submitted for three apartments, or become a House in Multiple Occupation, subject to the necessary consents. It was offered for sale in partnership with WRB Auctions with a *guide price of £45,000+ and attracted 112 bids from eight separate bidders before selling for £155,000. 

A wide variety of development opportunities could be found in the live-streamed National Property Auction too, including another property with the potential for conversion to a House in Multiple Occupation, subject to the necessary consents. 115 Etnam Street in Leominster, a three-storey property close to the town centre, sold for £106,000 from a guide price of £70,000+.

Occupying a three-acre plot in Derbyshire providing plenty of space for development, subject to planning permission, or suitable as a smallholding or family home for a family with equestrian interests, Hillcrest, Alfreton Road in Westhouses is another ideal property project. Bidders in the National Property Auction saw its possibilities and it sold for £377,000 from a  guide price of £225,000+.

On the Derbyshire/Nottinghamshire border in Long Eaton, a row of three dwellings went under the hammer in the live-streamed Auction Event, achieving a great result for the seller. 22-24 and 28 Main Street comprise a two bedroomed mid terrace, a mixed-use property featuring a ground-floor retail area with four bedroomed property above, and a three bedroomed semi-detached house. Lending themselves to refurbishment and potential development, subject to planning permission, the properties sold for £324,000 from a guide price of £250,000+.

Andrew added: “Not all properties we sold in January were refurbishment or development projects; there were plenty of well-presented homes, too, as we see increasingly positive attitudes towards auctions on the part of private homeowners.”

One such property was a beautiful, three-storey mid-terraced period property in Nottingham with four bedrooms and original features including exposed floorboards, fireplaces and an impressive Minton tiled hallway. Sold in a Timed Auction in partnership with Frank Innes Nottingham,  49 Bentinck Road drew 17 bids from five separate bidders, selling for £276,500 from a guide price of  £255,000+.

Andrew said: “It’s been a great start to 2022 with all of our auction methods getting fast, faff-free results for properties around the country. What’s more, because our auctions are pandemic-proof, safe and don’t feel like a compromise, we are reaching a wider range of buyers and sellers.”

SDL Property Auction holds Timed Auctions on its website daily, alongside live-streamed Auction Events. Three Auction Events will be held in February: the Knight Frank auction on Thursday 17th February, the Shepherd Commercial Property Auction on Wednesday 23rd February and the National Property Auction on Thursday 24th February. To find out more about selling a property or partnering with SDL Property Auctions, visit www.sdlauctions.co.uk or call the friendly team on 0800 304 7879.