The new catalogue includes a variety of attractive investments, with opportunities across the country, including in-demand locations such as London, Surrey and Sussex.
Buyers will be able to choose from a diverse mix of houses, apartments, ground rent investments, as well as mixed-use schemes, care homes and development sites.
Highlights from the upcoming sale include:
- Lot 34 – four freehold buildings providing a total of 45 letting rooms in Finsbury Park, London, with potential for conversion to self-contained apartments, guided at £7 million-plus
- Lot 47 – a freehold detached 40-bedroom care home in Surrey (GIA of approximately 19,162 sq. ft) with potential for redevelopment or change of use, subject to consents. This lot is guided at £3.3 million-plus
- Lot 41 – a freehold detached three-storey building arranged to provide four self-contained flats, situated in London, guided at £2 million-plus
- Lot 110 – a freehold former hotel and a block of six self-contained flats with a large car park located in Hastings, East Sussex, with potential for reconfiguration and development, guided at £2 million-plus
Richard Adamson, partner and auctioneer at Allsop, comments: “We are delighted to release our second catalogue of the year with over 200 lots on offer. The catalogue includes a variety of high-quality investment and development opportunities across the country and is 10% bigger than the one released in March 2021.”
“As the UK economy re-emerges from the pandemic, the residential market continues to go from strength to strength, and we are expecting to see a busy couple of weeks leading up to the auction as buyers seek to express early interest in the most coveted lots.”
Allsop’s next residential auction will be held virtually on March 31. The complete catalogue is available to view here.
SDL Property Auctions ends the month strong with hat-trick of auctions
A hat-trick of live-streamed auctions plus daily Timed Auctions meant another busy month for SDL Property Auctions, with lots of all types going under the hammer.
Following the Shepherd Commercial Property Auction and the notable Knight Frank Auction, the National Property Auction ended the month of February on a strong note.
Over the past two years, the auctioneer has grown from a regional auctioneer to one of the national market leaders, while retaining firm roots in the East Midlands.
This was evident in the live-streamed National Property Auction, beginning with a Nottingham property that exceeded all expectations.
In the centre of West Bridgford, 14 Hound Road was offered for sale with a guide price of £450,000-plus and sold for £704,000. The detached Victorian property has seven bedrooms and would make a ‘superb’ family home or investment/development opportunity, subject to planning permission.
Also in Nottingham, a detached bungalow in Beeston sold for £344,000 from a guide of £235,000-plus. Sitting on a substantial plot with the potential to extend, 1 Field Lane has three bedrooms, two reception rooms, a conservatory, garage and front and rear gardens.
In nearby Leicester, 49 Kirby Road is another property that drew enthusiastic bidding in the Auction Event. The five-bedroomed HMO, situated within walking distance of bars, De Montfort University and Leicester Royal Infirmary, has been successfully let to students every year since 2009. It is already let for the 2022-2023 academic year at £19,200 excluding bills. The property sold for £265,500 from a guide price of £220,000-plus.
Meanwhile, in Derbyshire, a ‘charming’ end-terraced cottage in Mickleover was sold in partnership with Hannells. Set back from the road in an elevated position, 8 Bank Cottages, Uttoxeter Road in Mickleover is in need of some refurbishment and sold for £177,000 from a guide price of £95,000-plus.
There were brilliant results in Timed Auctions, too, including an attractive cottage in Derby, also sold in partnership with Hannells. Set on a large plot close to the town centre, 159 Alvaston Street in Alvaston is a spacious one-bedroomed cottage that has been modernised to a high standard while retaining period features. It sold for £95,000 from a guide price of £90,000-plus.
Commenting on the results, managing director and auctioneer Andrew Parker says: “These are just a few of the many properties we have sold in the East Midlands and all over the country, from Scotland down to the south coast.”
“Our position as the UK’s most successful live-streamed property auctioneer means we reach a huge audience of serious buyers and work hard to get the best results possible for every seller.”
SDL Property Auctions will hold the live-streamed Knight Frank Auction on Wednesday March 30 and its National Property Auction on Thursday March 31.
Bond Wolfe – converted homes and a bargain boom
Bond Wolfe has released scores of lots packed with attractive investment opportunities for its live-streamed auction on Wednesday 30 March.
One such highlight is a three-story commercial unit with living accommodation over two floors in Birmingham’s Jewellery Quarter.
New owners will be able to both live and work in Marquis Mews at 4 Branston Street, with a ground floor commercial unit and residential space on the upper floors, plus a private roof terrace and communal courtyard at the rear. The property boasts a guide price of £230,000-plus.
Over in Wolverhampton, four stylish villa properties converted into flats are anticipated to trigger a bidding war.
The quartet of neighbouring houses on the south side of Tettenhall Road are being sold as four separate lots. Two of them, each divided into five flats, are listed with a guide price of £245,000-plus apiece, while the other two, divided into four flats, are listed at £220,000-plus each.
The semi-detached houses stand in a row at 117, 119, 121 and 123 Tettenhall Road each with gardens front and rear. Fully tenanted, the properties each generate between £16,980 and £20,400 per annum in rental income.
As with all Bond Wolfe sales, a wide range of homes across the Black Country with guide prices a fraction of market rates are also appearing at auction.
Most are in need of modernisation or redecoration, but a moderately small investment in time and effort can reap big rewards when house prices are currently booming.
For instance, a two-bedroom semi-detached house in Walsall is listed with a guide of £120,000-plus and is in need of some decorative upgrading to create an ideal home for a small family or a highly profitable purchase for a buy-to-let investor expanding their portfolio.
Also in need of modernisation is a three bedroomed butt detached house at 6 Old Meeting Road, Coseley, Bilston, with a guide price of £138,500-plus.
It has gardens front and rear, with a gated side driveway to a rear garage. On the ground floor is a porch, hall, through-lounge, breakfast room, kitchen, wet room with WC and access to the cellar and a conservatory. Upstairs are two interconnecting bedrooms, a third bedroom and the bathroom. Central heating is fitted.
These highlights are among 199 lots that will appear in Bond Wolfe’s next auction which starts at 9am on Wednesday March 30. The auction will be live-streamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only.
For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/ or email auctions@bondwolfe.com.
Two fascinating 1950s houses sell at auction
Two separate, and very different, houses dating back to the 1950s in Norwich sold at Brown&Co’s online auction.
The auctioneer held its online spring auction of 17 lots and sold a number of interesting houses as well as plots of land.
Among these were 218 St Faiths Road, Old Catton, a 1950s detached house occupying an outstanding plot of land, being partly walled. Guided at between £750,000-£795,000, the virtual hammer came down at £790,000 after four bids starting at £750,000.
Another house, also dating to the 1950s and designed and built by the renowned architect John Winter, sold for £700,000, This property, 21 Upton Close, had a guide price of between £700,000-£750,000 and received six online bids.
Winter was a well-known architect and has two colour print portraits in the National Portrait Gallery in London.
Other properties which sold in the online auction included 4 Dam Brigg, Banham, a semi-detached house. This sold for well over its guide of £120,000-£140,000, with the virtual hammer coming down at £249,000.
A detached bungalow in Greenborough Road sold for £275,000, over its guide of £225,000-£235,000. Meanwhile, a building plot near Norwich City football ground in Clarence Harbour Court sold for £73,000 against a guide of £40,000-£60,000. Another plot of land in Eagle Lane, Ingworth, sold for £109,000 over its guide of £45,000-£55,000.
However, a detached dormer bungalow near Bury St Edmunds and a three-bedroom semi-detached cottage in Cambridgeshire remained unsold.
Peter Hornor, auctioneer and chartered surveyor at Brown&Co, comments: “The results from our varied online auction shows there is still an appetite for buying in this manner, we are delighted with the prices achieved for our clients.”
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