House buyers in England spurred on by the latest stamp duty changes have plenty to choose from in the latest catalogue from SDL Auctions, launched ahead of its July national property auction.
The most successful live-streamed auctioneer in the UK will be offering 169 residential and commercial lots around the UK in its auction on 30th July – with more than 130 homes falling under the new £500,000 stamp duty threshold. While anyone purchasing a second property will still have to pay the 3% surcharge, the news means buyers in England will save up to £15,000.
Managing
Bond Wolfe Auctions’ upcoming July sale has a huge selection of Birmingham residential properties to suit all pockets.
The 177 lot auction is the largest remote bidding auction to be held in the Midlands. It is starting at the earlier time of 9am, to accommodate for the large number of lots, on Wednesday 29 July with potential buyers bidding by proxy, telephone or internet only.
The catalogue features all shapes and sizes from freehold four bedroom homes ready for a new owner to move in, to two bedroom properties that require plenty of TLC before they are habitable – but come at a bargain
Bond Wolfe Auctions is experiencing a surge in interest in commercial property after the company’s phenomenally successful first remote bidding auction recorded over £17 million in sales with a remarkable 98% success rate.
From hotels to former Methodist churches to garages to mixed use investments, there is something in the Wednesday 29 July sale of 177 lots for everyone.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “In uncertain times, investors often feel more comfortable with solid investments, something they can touch and feel and enjoy a regular return.
The former Small Heath Methodist Church in Yardley Green Road will be going under the hammer in Bond Wolfe Auctions’ next remote bidding auction on Wednesday 29 July.
The auction follows Bond Wolfe’s first remote bidding auction on Wednesday 24 June which attracted 131 lots and raised over £17 million with an astonishing 98% success rate.
The 29 July auction will see more than 170 lots go under the hammer with the freehold, former Small Heath Methodist Church – which comes with an adjoining residential property at 1 Blake Lane – expected to attract strong bidding.
The UK’s leading property auctioneer Auction House has announced impressive results for June 2020 despite the ongoing Coronavirus pandemic, with sales exceeding 80% of last year’s level, and website visits up by 52% year on year, with over 1.7m page views during the month.
In June Auction House offered 318 lots and sold 259 – a buoyant success rate of 81.5%, raising over £34m (£34,350,532) in the process.
Commenting on the results, Auction House Founding Director Roger Lake said: “It’s clear that the auctions market is regaining the momentum lost during lockdown, with sellers and buyers
SDL Auctions has been confirmed as the UK’s most successful live-streamed property auctioneer* following its latest auction.
On the 100th day since the lockdown began, the auction saw a return to the rostrum for auctioneer Rory Daly, who shared the role with managing director Andrew Parker.
Safely spread out in the head office auction studio, a team of staff handled the remote bidding, while the action was recorded for BBC’s Homes Under the Hammer.
The bumper catalogue featured lots from all over the country, but the bidding started in the East Midlands, with an excellent result for
Bond Wolfe Auctions will be offering four residential lots for the City of Wolverhampton Council in its next remote bidding auction on Wednesday 29 July.
The properties are the first lots to be offered by Bond Wolfe Auctions since being appointed by City of Wolverhampton Council to dispose of their surplus property stock.
The auction follows Bond Wolfe’s first remote bidding auction on Wednesday 24 June which attracted 131 lots and raised over £17 million with an astonishing 98% success rate.
The 29 July auction will see more than 170 lots go under the hammer, including properties in
Stamp duty, the tax on buying land or properties, is being temporarily cut in England and Northern Ireland.
From now until 31 March it will only be charged on properties costing £500,000 or more.
Previously it was charged on properties costing £125,000 or more, except for first-time buyers, who paid nothing up to £300,000 and then a reduced rate up to £500,000.
So this will be a tax cut for first-time buyers looking for property over £300,000 and other buyers going for anything over £125,000 (there are different rules for people buying second homes).
Bond Wolfe Auctions’ decision to cancel its May auction and hold its first remote bidding only auction in June paid off handsomely.
The 131 lot auction raised £17 million with an astonishing 98% success rate - breaking Bond Wolfe Auctions’ own record for the most successful Midlands auction ever.
But the auction held on Wednesday 24 June proved so popular it nearly didn’t start at all.
The start was delayed when the third-party site hosting the online bidding system crashed due to the sheer volume of bidders logging in.
Prior to the auction day there were 25,381 phone call inquiries and 107
Two records were broken for Auction House London at its recent live stream auction (Wed 17 June 2020) where 85% of lots offered, were sold.
The third live stream sale proved another huge success for the company, raising more than £11m (£11,160,001).
The first record was set at the start of the auction with Lot 1 – two lock up adjoining garages in Bow, London, with a guide of £85,000. This set the pace for the auction with 344 people registering to download the legal pack for the property which had no planning for development in place. The garages went on to sell for £132,500.
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The most successful live-streamed auctioneer in the UK will be offering 169 residential and commercial lots around the UK in its auction on 30th July – with more than 130 homes falling under the new £500,000 stamp duty threshold. While anyone purchasing a second property will still have to pay the 3% surcharge, the news means buyers in England will save up to £15,000.
Managing
