Blogs

Three investment properties, each topping £1 million, are the highlight of SDL Bigwood’s final auction of the year.

Going live at the Holte Suite, Aston Villa, on Thursday 8 December, it features 109 lots, capping a record year for the company with a total of 797 going under the hammer during 2016.

Auction partner Gurpreet Bassi said: “We have a real mixed bag this time with a range of residential, commercial, land, garages, ground rents, vacant and investment lots with guide prices ranging from £1,000 to £1.55 million.

“We are delighted to be offering six lots for Birmingham City Council and

Auction finance is a great way for property developers to secure a below-market-value property, often from a motivated seller. It could even be suitable for first-time developers too, if you’ve got the right expectations from the beginning.

Putting up your hand and bidding on a property worth hundreds of thousands of pounds is a daunting prospect, even for experienced auction-goers. If you make the winning bid, you?ll usually have to pay a non-refundable deposit on the day, and you?ll have 28 days to pay the balance.

That means that the timeframe for auctions is much shorter than the

The Managing Director of the UK’s longest-established estate agent recruitment consultancy has slammed the Chancellor for failing to reduce stamp duty in tlast month's Autumn Statement.

Property Personnel Managing Director Anthony Hesse said: “Slashing the rate of stamp duty would have been Philip Hammond’s single most effective fix for UK finances. There is no more economically stimulating activity than house sales and purchases - so it would have been a tax cut that would largely have paid for itself. As a result, the continued stifling of the market is a missed opportunity for both the

Here's our step-by-step guide to property auction day. It's worth noting that if you are unable to attend, your solicitor or surveyor may be allowed to attend on your behalf.

Remember, in the run-up to the auction, keep an eye on the 'guide price' (this is the price listed in the catalogue). Also make sure you have made a decision on what your maximum bid will be. This will be based on your view of the property's value (having carried out viewings and local searches) rather than the guide price, and on the money you have available.

1. What to bring:

•     Required forms of ID.
•     Any

The final SDL Graham Penny Derby auction catalogue of 2016 has launched today featuring more than 55 lots and is set to be the last at the iPro Stadium before Derby County reverts the ground name back to Pride Park.

The auction, on Wednesday 7th December, will see 58 varied residential investment houses, development land, mixed use properties and commercial premises from across Derbyshire and beyond go under the hammer.

Andrew Parker, auctioneer and managing director, commented: “Our December catalogue features several excellent development and investment opportunities from building plots and

SDL Bigwood’s first Coventry auction got off to a flying start at the Village Hotel, Dolomite Avenue, Coventry, as eager buyers turned up for the city’s largest-ever auction sale.

A packed salesroom resulted in a hugely successful auction which raised £1,893,500 with a success rate of 88 per cent.

Notably, every single Coventry-based lot sold.

Gurpreet Bassi, auctions partner at SDL Bigwood, now the UK’s fourth largest auction house, said: “We were delighted with the result of our first Coventry sale and it was a fantastic achievement by the entire auctions team at SDL Bigwood.”

Highlights

Leading property auctioneer Auction House London has sold a £1m property for its full asking price within seven hours of receiving the instruction to sell it.

The company received a phone call from the seller of the property in Mill Hill at 10 o’clock on Friday morning, and it was sold under auction conditions to one of two interested buyers by 4.30 that afternoon.

Auction House London Auctioneer Andrew Binstock said: “When the owner first got in touch, he said that he wanted us to sell the property in three days – but our next scheduled auction was still several weeks away. Nevertheless, I

National property auctioneer Auction House is celebrating after receiving two trophies at the 2016 Negotiator Awards – widely regarded as the property industry’s equivalent of the Oscars - during a glittering ceremony at the London Hilton Hotel on Park Lane.

The UK’s number one property auctioneer picked up Gold for Best Franchise for the second year running, as well as Bronze for Best Residential Auctioneer – the fourth year in succession that the group has appeared in the top three places in both categories.

Auction House Founding Director Roger Lake said: “To scoop two trophies at The

Leading property auctioneer Auction House is restructuring its operation in the North West of England, as a strategic response to the surge in residential and commercial activity across the region.

The group has created two tailored auction businesses in the area: Auction House Manchester operated by multi award winning estate agents Ryder & Dutton at the Etihad Stadium, and a newly-formed Auction House North West in association with regional estate agents Farrell Heyworth, one of the largest independent estate agencies in the North West of England, which brings together their auction

Sales of development land are on the increase across Northern Ireland according to property experts, Osborne King, who expect to complete well over 10 million worth of sales before the end of the year.

By any standards, 2016 has been a very encouraging year which has seen the company transact land sales in excess of ?20 million representing a marked increase on activity over the previous 12-month period.

To date, most of these sales have been within the Greater Belfast area and include the sale of a development site on the Malone Road, close to the House of Sport roundabout, which has planning