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Birmingham properties boom at auction

The Negotiator
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Bond Wolfe’s livestreamed February auction saw a wide range of residential properties go under the hammer across Birmingham raising £17.7 million.

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Mid-terrace, Small Heath, sold for £200,000

Strong bidding saw the hammer come down at four times the guide price for a three-bedroomed, mid-terraced house in Small Heath which sold for £200,000 from a guide price of £50,000+.

Other strong sales included three self-contained flats in an end-terraced property in Sparkbrook, which sold for nearly three times the £100,000+ guide price at £296,000.

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Sutton New Road, Erdington

Meanwhile, a freehold retail premises at 184 Sutton New Road in Erdington being sold on behalf of Birmingham City Council went for £387,000 from a guide price of £200,000+.

Bond Wolfe reported high interest with 596,868 website page views, 150,170 video tours watched, 39,140 legal documents downloaded and 22,985 viewers logging in to the auction. A total of 132 lots were sold of the 146 lots offered, recording an overall success rate of 91%.

Bond Wolfe chief executive Gurpreet Bassi said: “Our first auction of the year proved there is phenomenal buyer interest for property up and down the UK.

“With many agencies reporting low stock levels it could be a fantastic time to sell a property by auction.”

Above: Sparkbrook. Below left: Sutton New Road, Erdington. Below right: Mid-terrace, Small Heath, sold for £200,000.

March 14, 2022

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