19th February 2020
Villa Park welcomes SDL Auctions Bigwood for first auction of the year
Properties of all shapes and sizes were snapped up by bidders at SDL Auctions Bigwood’s first auction of the year at Villa Park.
Getting the auction off to an exciting start was the first lot of the day, 9 Colman Avenue in Wolverhampton, a family house requiring modernisation, which sold for £73,000 from a *guide price of £30,000+.
The semi-detached property has two reception rooms, three bedrooms, car standing and an enclosed rear garden and is in a popular residential area close to shops, amenities and green open spaces.
Auctioneer Rory Daly said: “This was an excellent property to get our first Birmingham auction of the year off to a lively start. The buyer has picked up a great investment, with the opportunity to add value by making the necessary improvements.”
There were many more stand-out lots at the auction, including another attractive family home.
75 Tudor Street in Tipton is a three bedroomed semi-detached property with a large through lounge with bay window at the front and door into the garden at the rear. It is close to schools and parks, making it ideal for a family, and is within walking distance of Dudley Port train station, making it attractive to commuters. It sold for £105,000 from a guide price of £59,000+.
Due to the popularity of bungalows, auctioneers expected 2 Greenly Road in Wolverhampton to attract a great deal of attention from bidders and were not disappointed when it sold for £96,000 from a guide price of £50,000+.
The semi-detached dormer bungalow is close to amenities and transport links and has a hallway, lounge, dining room, kitchen, bedroom and bathroom on the ground floor, with an additional bedroom upstairs.
Rory said: “This was an excellent purchase as bungalows are always popular, both with homeowners and tenants. As our population is getting older, one-level living makes a lot of sense and will always be a good investment.”
Big-budget lots sold well on the day, too, including 148 Pershore Road in Birmingham, a large detached house requiring modernisation and upgrading, but with the potential for a number of uses.
The property, which has two reception rooms and five bedrooms and is within easy reach of Birmingham city centre, would make an ideal home for a large family or could be turned into a House in Multiple Occupation, subject to planning permission and licensing. It sold for £535,000 from a guide price of £350,000+.
There were commercial lots sold under the hammer, too, including 61 Great Bridge in Tipton, mid-terraced three-storey building which was previously used by a florist and has had a refurbishment of the ground floor retail area.
The vacant commercial unit features a retail area plus kitchen area on the ground floor, with two double rooms and a storage cupboard on the first floor and a further room and storage on the second floor. It sold for £137,000 from a guide price of £85,000+.
Rory said: “This is another property which has a great deal of potential. It’s in a prime location on the main road with a high level of footfall, which is ideal for a retail outlet, and we feel that, with the appropriate planning permissions, the upper storeys would lend themselves to conversion to residential accommodation, utilising the kitchen on the ground floor.”
The auction proved to be a great start to the year for SDL Auctions Bigwood, which is once again the top auctioneer in the Midlands†, having raised 107% more in sales than its nearest competitor in 2019.
Rory added: “We were excited to be back at Villa Park for our first auction of the year. The auction marked a year since my return to work and what a great year it has been. We have been delighted to help so many buyers find great properties, and get some excellent results for our sellers, too. It is even more satisfying knowing that the transactions are smooth and hassle-free transactions – which is the beauty of buying and selling at auction.”
SDL Auctions Bigwood returns to Villa Park on Wednesday 25th March and entries are now being invited for the auction. 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.