SDL reports record January sale
SDL Property Auctions reported its best ever January, selling more than 110 residential, commercial and development land lots via live-streamed auction and raising £13m.
SDL said the “standout sale” was a portfolio of 33 properties located across the north of England. The distressed terraced houses were all listed for sale as individual lots and attracted the attention of one investment bidder who bought the entire portfolio for £2m.
Residential highlights included a semi-detached property in West Bromwich (pictured), with a guide price of £90,000+, which sold for £159,000; a two-bedroom semi-detached house in Derby with a guide price of £90,000+ (plus fees), which sold for £127,000; and a property in the Wirral with a guide price of £182,000+ (plus fees), which sold for £264,000.
SDL Property Auctions reported its best ever January, selling more than 110 residential, commercial and development land lots via live-streamed auction and raising £13m.
SDL said the “standout sale” was a portfolio of 33 properties located across the north of England. The distressed terraced houses were all listed for sale as individual lots and attracted the attention of one investment bidder who bought the entire portfolio for £2m.
Residential highlights included a semi-detached property in West Bromwich (pictured), with a guide price of £90,000+, which sold for £159,000; a two-bedroom semi-detached house in Derby with a guide price of £90,000+ (plus fees), which sold for £127,000; and a property in the Wirral with a guide price of £182,000+ (plus fees), which sold for £264,000.
In terms of commercial properties, a former factory in Warrington, suitable for redevelopment (subject to planning) sold for £560,000, from a guide price of £450,000+ (plus fees). A warehouse and land in Glossop sold for £506,000, from a guide price of £425,000+ (plus fees).
SDL auctioneer and managing director Andrew Parker said: “We were expecting, like many were, that January would be a quiet month and that sellers would be concerned about disposing of property amidst unsettled market conditions.
“However, we’ve been proved very wrong with a record number of properties being offered and posting our best ever January live-streamed auction results.”
SDL’s next monthly national property auction will be on 24 February.
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Photo © SDL Property Auctions
