The UK’s leading property auctioneer Auction House is reporting a 13% rise in the number of lots sold this year compared to 2021 but warns that there are indications the property market may be starting to tighten.

The auction group has successfully sold 1,606 properties from 1,957 so far offered in 2022, which represents an impressive success rate of 82%, and has raised a total sum of £251,207,038 in the process – the first time in the company’s 15-year history that the £250m milestone has been exceeded within the first five months of the year.

Commenting on the results, Auction House

Sutton Kersh latest auction news:

There has been a lot of speculation around  the property market this month after the rise in interest rates and strain on many with the increases of cost of living & energy bills. Despite this uncertainty there still seemed to be a demand to invest in properties. This was highlighted with Sutton Kersh Auctions selling 35% of their Lots prior to auction day, which totalled just over £3.9 Million.

The auction itself saw multiple bidding wars and resulted in the team selling a total of  82% of Lots offered equating to  a sales value of £8.2 Million pounds. Sut

The month of May saw SDL Property Auctions help secure the sale of all kinds of homes – past, present, and future – for sellers from across the UK, including everything from small-scale renovation projects to gothic Victorian villas, raising over £16m in the process.

One of the most anticipated lots on the day was 96 Osmaston Road in Derby (pictured), a Grade II listed property in a prominent location in the city. Currently boasting 12 bedrooms, with ample space to increase this with the necessary consents in place, the property has an abundance of potential. After going under the

The Acuitus auction on May 18th highlighted the depth of investor demand for commercial property investments as it raised £23.909m from the sale of 94% of the lots offered on the day. The average price of the lots sold was close to £900,000 with a third of the properties achieving prices of more than £1m.

Notable among the lots sold was a freehold light industrial investment with redevelopment potential in South Norwood, London. Offered on behalf of Receivers and guided at £1.2m-£1.3m, the 15,234 sq ft property on a 0.25-acre site in Weaver Walk SE27 eventually sold for £2.02m at a yield of 4

Rory Daly, Auctioneer and one of the founders of SDL Property Auctions, sadly passed away on Friday 20th May, after a long and brave battle with illness.

Rory had more than 30 years’ experience as an auctioneer in the property sector and was CEO of CPBigwood prior to its acquisition by the SDL Group in 2015. SDL Group then acquired Graham Penny Auctions the following year and created SDL Property Auctions.

During this time, Rory was known to be a champion of all things, and all people auctions – in his own words: “Auctions and I suit each other. We’re both very similar – straightforward

A Grade II-listed Chapel with history dating back to the early 1800s is to be sold at auction, giving budding renovators the chance to live in a truly unique house in the Cheshire countryside.

On behalf of Wheatcroft and Lloyd, SDL Property Auctions is selling Minshull United Reform Church, a Grade II-listed building recorded in the National Heritage List, which was built in 1806 and goes back to the time of Oliver Cromwell.

The property, on Eardswick Lane, Minshull Vernon, is nestled in between many of the towns and villages south of Cheshire, including Winsford, Crewe and Sandbach

FOR AUCTION THIS WEEK:

A historic former mill in Batley with approved planning permission for 20 apartments and a wine bar is due to go under this hammer later this month with a guide price of £140,000.

The mill is said to be haunted, after staff working in the building reported ghostly happenings, and was recently featured in an episode of Channel Five’s paranormal investigation series Ghost Dimension. The former mill will included in Pugh's upcoming online property auction on May 25th. 

Kirklees Council has given planning permission for the building to be redeveloped into 12 one-bedroom

With everything from small parcels of land to large scale investment sites featuring in SDL Property Auctions’ May catalogue, which features over 180 lots from across the UK, there’s sure to be options for all buyers in this month’s auction.

In the Jewellery Quarter in Birmingham, 9-10 Great Hampton Street presents a great opportunity to acquire an income generating property in a prime location, and has a guide price of £2,500,00+ plus fees. Set out over 14,000 sq. ft., the property currently generates £51,620 per annum in rental income while part let, with the potential to generate a

Latest news from Auction Estates following their hugely successful auction last month:

Our initial concerns over the number of people attending the viewings were soon overcome as the Centenary Suite at Nottingham Racecourse was filled to capacity by the 2.30pm start and frantic bidding from the off as we worked our way through a bustling 53 lot catalogue.

The majority of lots were sold in the room with many far exceeding their Guide Prices as bidders jostled to secure the properties they'd come to bid on.

Highlights of the sale included a 2.5 acre parcel of land in Teversal in North

East Midlands homes offering big returns on modernisation work set to attract bidders at Bond Wolfe auction.

A dozen homes across the East Midlands are set to tempt househunters with an eye for a bargain at Bond Wolfe’s next livestreamed auction on Thursday 19 May.

A prime example is 114 Dalestorth Street, Sutton-in-Ashfield, in Nottinghamshire (pictured), with a guide price* of just £30,000+ for a two-bedroomed mid-terrace house in need of modernisation.

With a small garden to the front and gardens to the rear, it is laid out with two reception rooms and a galley kitchen