Heralding the latest success of Network Auctions’ July 15th online sale, which achieved an 82% success rate and raised £2,295,200, Toby Limbrick, director at Network Auctions said, ‘Online is proving its viability.’
‘Before Covid-19, online was starting to take hold, but now with buyers unable to travel to the auction room, we’re seeing a continued upsurge and also a preference for this method of auction.’
‘Buyers enjoy the convenience of being able to bid online. In our recent sale we saw 394 individual bids – an average of 18 bids per lot sold. This also works well when the properties are
Just to let you know that the majority of those auctioneers who have moved to a temporary online platform, will be having their summer break during August. There will only be a handful of auctions taking place next month, with September auction catalogues starting to be released from mid/late August onwards.
Our database will mainly comprise unsold lots from the July auctions, so if you are interested in any of these, contact the auctioneers to find out whether they are still available to buy, and at what price.
At the moment, it appears that online auctions will be the way forward for the
Bargain hunters in the East Midlands will be competing to buy neighbouring homes priced as low as £24,000 each in Bond Wolfe Auction’s remote bidding auction next week.
The auction on Wednesday 29 July will be the largest to be held in the Midlands and starts at the earlier time of 9am to accommodate the 177 lots, with potential buyers bidding by proxy, telephone or internet only.
The two lots (pictured above) that will catch the eyes of landlords seeking to extend their portfolios are the two-bedroomed, end terraced houses adjacent to each other at 195 and 197 Mansfield Road in Skegby
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
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
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