Auction roundup – springing into step for the end of March

As the market heats up for spring, this auction roundup features the latest lots on offer for the end of March. Allsop brings 205 lots to the market, while SDL Property Auctions recalls the successful month of February. Meanwhile, Bond Wolfe anticipates a busy sale this month, and two period homes gather considerable interest at Brown&Co.

Allsop’s March auction brings 205 lots to the market

Allsop has released the catalogue for its March residential auction, offering 205 lots with 16 guided above £1 million.

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.

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 which has been modernised to a high standard while retaining period features. It sold for £95,000 from a guide price of £90,000-plus. 

Now, the auctioneer has released its March catalogue featuring over 200 lots from across the UK.

Melbourne House in Derby City Centre presents a great opportunity for anyone on the search for a substantial project to get stuck into. With Grade II listed status, this late Victorian Gothic style villa sits on a large plot of approximately 0.37 acres and boasts a guide of £595,000-plus (plus fees).

Rolling back the decades in Waverton in Chester is 1 Brown Heath Road, thought to date back to the late Victorian or early Edwardian period. The property is already in great condition, with a number of its period features still remaining throughout. Situated in a well-established residential location, this family home is being offered at a guide price of £190,000-plus (plus fees).

The piece de resistance for the month, however, is currently live in Timed Auction. The South Wing of Clifton Hall, with a guide price of £1,950,000-plus (plus fees), is one of the most ‘outstanding’ Grade I listed buildings in Nottinghamshire.

The Clifton family are able to trace back their lineage to Alvaredus de Clifton, a Norman Knight who was appointed Warden of Nottingham Castle during the time of William the Conqueror. The history of the hall dates back to the 11th century but was remodelled towards the end of the 1700s. Stepping into Clifton Hall is truly like ‘taking a step back in time’.

Andrew Parker, managing director and auctioneer of SDL Property Auctions, comments: “It is fantastic to see a property such as Clifton Hall come to auction – it really is a sight to behold and almost has to be seen to be believed.”

“At SDL Property Auctions, we pride ourselves on being able to bring any property to auction – from two-up two-down terraces, to period estates such as this – it will be fascinating to see what it achieves.”

These are just a few of the opportunities being sold in March through the auctioneer, with a great range of homes, apartments, commercial lots, land and more on offer.

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.