Company holds first live auction in two and a half years

46 Mount Pleasant

Bond Wolfe’s first in-room auction for two years was held in the regular venue of the Holte Suite at Aston Villa, Birmingham, and attracted over 1,000 registered bidders.

Bidding was enabled online, in-room, by telephone and by proxy, while 156 lots sold out of 189.

There were properties and bidders from London, the North East, North West and across the Midlands, and bidders were also noted from the USA, South Africa and across Europe.

1 Clarendon Street

Gurpreet Bassi, chief executive of Bond Wolfe, said: “The results provide evidence that demand for property continues to outstrip supply and it is still a great time to sell your property.

“We were pleased that our national reach continues to expand, with visitors and viewers from all over the UK, and also growing numbers from abroad.”

852 Yardley Wood Road

The lead up to the auction saw 659,823 website page views, 152,978 video tours watched, and 39,218 legal documents downloaded.

On the day as well as those in a busy auction room, 17,215 viewers logged in to watch the auction live.

The first two lots to go under the hammer, both on behalf of Wolverhampton Council, 46 Mount Pleasant, Bilston , sold for £130,000 from a guide price of £36,500, and 1 Clarendon Street, Wolverhampton, which was offered with a guide price of £90,000 and sold for £145,000.

15 Mill End

Both are vacant, freehold three bedroom, end-terraced properties in need of refurbishment throughout.

Also popular was 852 Yardley Wood, Moseley, Birmingham, a vacant, freehold, end-terraced property which may be suitable for development, subject to planning permission. It achieved £196,000 from a guide price of £50,000+.

156 May Lane

Over in Warwickshire, a vacant, freehold, three storey, mid-terrace property with four bedrooms at 15 Mill End, Kenilworth, was offered with a guide price of £90,000 and sold for £270,000.

Demand for the much-favoured two bedroom terraced property continues to be strong, with £216,000 being paid for 156 May Lane, Kings Heath, Birmingham, which was offered with a guide price of £44,000-£49,000.

Commercial properties continue to be seen as bankers, with a workshop-warehouse at 131 Middlemore Industrial Estate, Smethwick, Birmingham, selling for £176,000 from a guide price of £120,000+.

131 Middlemore Industrial Estate

In terms of rural properties £374,000 was paid for Gallows End Cottage, in Rodbaston, Penkridge, Staffordshire against a guide price of £225,000+. This was a vacant freehold four bedroom semi-detached property with development potential, subject to planning permission.

Sold on behalf of the Ministry of Justice, 4 Paterson Avenue, in Wakefield, West Yorkshire, a vacant, freehold, three bedroom, semi-detached house achieved £190,000+ from a guide price of £100,000+.

Bond Wolfe’s next auction starts at 9.30am on Thursday 15 September.

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