SDL Auctions Bigwood’s latest Birmingham auction saw the second highest sale total ever recorded in the West Midlands, with properties from Plymouth to Glasgow raising £17.6 million.
Eight of the 125 lots offered sold eventually for £500,000 or more, with sale prices ranging from £3,000 to £1.5 million.
Gurpreet Bassi, head of residential auctions Midlands at SDL Auctions, noticed an increasing number of buyers from London are aspiring to branch out from the ‘over-heated’ market in the south east, with many of them attending the Birmingham-based auction.
“Our latest auction proves that you don’t need to go to London auctions when lots like this are on your doorstep,” he said.
A wide variety of property sold, ranging from garages to shopping parades.
One of the highlights consisted of a two-bedroomed terraced house at 51 Kings Road, Kings Heath, selling for £140,000 from a guide price of £60,000.
Located at 1 West Road, Halesowen with a guide price of £30,000, a three-bedroomed end-of-terrace house was eventually sold for £95,000.
On offer with a guide price of £250,000, May Day House, 7 Lower Hillmorton Road, Rugby was sold for a successful bid of £360,000.
Bassi added: “We are now looking forward to our next Birmingham auction on December 14 and already experiencing high levels of valuation requests.”
To see the full results from the SDL Auctions Bigwood Birmingham auction, please visit their website.