One of the UK’s largest property auction businesses SDL Auctions has appointed a new national sales manager to spearhead further growth in its auction partner division.
Jason Lee recently joined SDL Auctions to expand its Auction Partners network, which launched in 2016.
Providing another sales tool for estate agents, SDL Auction Partners allows firms to sell properties in SDL Auctions’ live and online auctions for free, without the need to invest in their own systems.
Speaking after he joined SDL Auction Partners, Jason said:
“Estate agents now see auctions as an extremely valuable revenue
Selling property at one of our future auctions will be cost effective, simple, fast and stress free.
If you feel that this method of sale might be right for you, why not get the ball rolling and get in touch for a FREE PROPERTY VALUATION via our ENQUIRY FORM (click on the link to be directed to a short form for you to complete and submit so that one of our auction team can call you back).
If you’re looking for a speedy sale and certainty that a buyer won’t bail on you then auctions are a good way to go. Once the hammer falls the buyer has to put down a 10% deposit, then they have 28 days to
In the first SDL Auctions North West auction of 2018 at the AJ Bell Stadium in Manchester on 28 February, residential properties with potential once again proved popular.
A good example was 12-14 Slater Street in Bolton, a fire-damaged two bedroomed end of terrace property which had a guide price of £39,000+ and eventually sold for £61,000.
Andy Thompson, senior valuer at SDL Auctions North West, said: “This was a lot with opportunities. It was formerly two properties and was converted into one, so offers a considerable amount of space. Despite some fire damage, it was clearly identified as a
Auction House - the UK’s largest property auctioneer - is reporting its best February on record, selling 471 lots during the month and raising a total of over £61 million pounds (£61,214,840). Marginally up on last year’s figure, it signals a buoyant start to 2018 and the continuing appeal of auctions.
Commenting on the figures, Auction House Founding Director Roger Lake said: “It really has been an exceptional month. Our sellers were wise to act early, and managed to avoid much of the disruption caused around the country by the combination of the ‘Beast from the East’ and Storm Emma.
The final lot in SDL Auctions Chester and North Wales’ first auction of 2018 raised the most interest during the run up to the auction and didn’t disappoint when the hammer fell.
Y Coed, Tan Lane, Ffynnongroew in Holywell is a dilapidated, single storey cottage in a wooded area in a remote location, with the only access to the property across an adjoining field, certainly offered someone the chance to develop a get-away holiday home in a beautiful part of rural Wales.
The lot was for sale for the first time in many years so there was a sense of anticipation in the auction room at Chester
A former neighbourhood office which featured as the first lot in SDL Auctions Bigwood’s first Birmingham auction of the year got the day off to a good start.
SDL Auctions Bigwood raised £15 million from a catalogue of over 150 lots in its February auction at Aston Villa FC.
The former neighbourhood office in Cameronian Croft in Bromford, which was offered with a guide price of £35,000, sold after competitive bidding for £137,000.
There was also strong competition for The Toll House, 115 High Street in Smethwick which sold for £215,000 from a guide price of £44,000-£48,000.
More than £5 million was raised in sales at SDL Auctions Graham Penny’s first Derby auction of 2018 on Thursday 22 February.
Strong bidding began from the very first lot of the day at Pride Park Stadium, with a three bedroomed, semi-detached house in need of improvement at 385 Baker Street in Alvaston selling for £99,000, from a *guide price of £40,000+.
This set the scene for a succession of healthy prices for properties in Alvaston, with 13 Severn Street selling for £77,500 from a guide price of £45,000+, 11 Stanley Road selling for £85,000 from a guide price of £50,000+, and 26 Stanley
Property auctions can be a great place to pick up a 'bargain', whether you are looking for a home or an investment.
As well as being a quick and relatively hassle free way to buy a home, no driving around viewing endless houses, no negotiations, and no last minute fall through if the house sellers get a better offer, the auction process is easy. You simply look through the auction catalogue, find a property you like, arrange a viewing and do some research, and show up prepared on auction day.
However, buying at a property auction does require careful planning. Thousands of properties are sold
A luxury six bedroom property on a gated estate in Surrey has sold for £2.8m at Auction House London’s recent sale (Wednesday 21 February 2018).
Bidding started on the property in Kingston upon Thames, which included a house, garaging and annexe, at £2.5m, and quickly rose by £200,000 with tension rising in the auction room. Thornley which is part of Coombe Park, had been on the market through traditional estate agents for 2 years and came with planning permission in place, for its demolition, and replacement with another six bedroom property. After fierce competition between potential buyers
At its first auction of the year, Acuitus raised £27.57m from the sale of 43 properties.
Picking up on last year’s trend, private investors continued to target lots of around £1m and remain keen on prime retail assets on strong High Streets.
A 5,949 sq ft shop at 45 High Street, Broadway in the Cotswolds which produces a current rent of £108,600pa was guided at £1.45m and sold in the room for £1.79m. The sale reflected a yield of 5.71%. It was bought by a high net-worth investor.
In Weybridge High Street, a 1,948 sq ft shop let to Holland & Barrett until 2021 with two flats above sold for £930
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