SDL Bigwood auction on the money

SDL Bigwood auction room imageIt was double your money time as the latest SDL Bigwood auction raised £8.8 million.

Held at the Holte Suite, Aston Villa, a significant number of properties went for 100 per cent above their guide price. Black Country homes, in particular, saw a hot trade.

Auction partner Gurpreet Bassi said, “We were delighted with the results.

“It completed a hat-trick of SDL auctions in just a week where we raised £15 million in sales across the network.”

The latest resulted in a success rate of 79 per cent. All the lots offered on behalf of Birmingham City Council sold. Ninety per cent of the 66 residential vacant properties were also snapped up.

In Ladywood, a four-bedroom end terrace, made £126,000 off a guide of £50,000; a mid terrace in Sparkhill, sold for £102,000 from a guide of £50,000 and in Walsall, a three-bedroom semidetached, guide price £19,000 to £24,000, hit £71,000.


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