Resi lots dominate at BidX1 sale
BidX1, the digital property trading platform, achieved a 77% success rate in its April auction, raising more than £7.5m across the UK.
The lots on offer made up a catalogue of 30 assets, with several residential and commercial properties located in the capital.
Lot 2, a former Young Farmers’ Club hut in Surrey with planning permission for change of use to an artist’s studio (pictured), attracted high levels of interest with 44 bids placed. The freehold detached property sold for £93,000, 107% in excess of the guide price.
BidX1, the digital property trading platform, achieved a 77% success rate in its April auction, raising more than £7.5m across the UK.
The lots on offer made up a catalogue of 30 assets, with several residential and commercial properties located in the capital.
Lot 2, a former Young Farmers’ Club hut in Surrey with planning permission for change of use to an artist’s studio (pictured), attracted high levels of interest with 44 bids placed. The freehold detached property sold for £93,000, 107% in excess of the guide price.
Other highlights of the sale included a three-bedroom semi-detached house in Crystal Palace, SE19, which sold for £353,000, a two-bedroom self-contained maisonette in Clapham, SW4, which sold for £545,000, and a freehold bank with development opportunity in Woking, Surrey, which sold for £620,000 off a guide price of £600,000.
BIDx1 chief operating officer Antony Schober said: “We have seen a positive response to our April auction from both vendors and bidders. The lots on offer were largely residential but the sale of more unique assets, such as the Young Farmers’ Club hut, shows that there is a demand for all asset types that provide an opportunity to enhance the capital value, and that our platform can support a wide range of properties.”
The next BidX1 digital auction in the UK takes place on 6 June.
To send feedback, e-mail samantha.mcclary@egi.co.uk or tweet @samanthamcclary or @estatesgazette
