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.
SDL Auctions is preparing to host the largest live broadcast auction in the country this month with the launch of its latest catalogue.
To maintain social distancing, SDL Auctions has moved its room auctions to virtual national property auctions broadcast live over the internet. And, with 161 residential and commercial property lots going under the hammer on 30th June, it’s the biggest live-broadcast auction in the country this month.
Managing director and auctioneer Andrew Parker said: “Our monthly national property auctions are going from strength to strength, with a growing number of lots
A portfolio of 31 homes is among the lots being sold by SDL Auctions in its national property auction this month.
With guide prices as low as £5,000+, the properties in the North East will be sold as individual lots on behalf of an international corporate client.
Head of auctions north west Andy Thompson said: “We are delighted that we have been asked to sell this large portfolio of properties during what has been a challenging time for the whole of the property industry.
“We see this as further confirmation of how the company has consolidated its place in the market since launching here in
Commercial property investors will have a wide range of choice at Bond Wolfe Auctions remote bidding auction on Wednesday 24 June.
Properties going under the hammer range from an industrial warehouse unit, to a town centre mixed use development, an industrial estate of 11 units and a hotel.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “This will be the first chance our clients have had since lockdown started and there is a variety of opportunities.”
In Tamworth, Unit 4, Bridgeside Trading Estate, Kettlebrook Road, is a modern freehold property on a small, well established
Auction House says that the easing of lockdown restrictions for the property market on 13 May has generated a significant rise in buyer demand.
The UK’s largest property auctioneer reports a surge in buyers for its sales from the middle of last month, with some online livestream auctions attracting over 1,000 viewers.
Founding Director Roger Lake said: “The impact of releasing the property market from lockdown has been remarkable. Our success rates have risen enormously, bidder numbers are high, and the sales prices achieved are strong and often well ahead of expectation. In fact, when sellers
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