Final auction of the year sees Bond Wolfe Auctions raise £17.5 million

Bond Wolfe Auctions’ final Midlands property auction of 2020 raised over £17.5 million and saw 158 lots sold from the 175 offered for a success rate of 91%.

The run up to the livestream online auction on Wednesday 9 December, saw the now customary strong interest with 573,045 website page views, 94,617 video tours watched and 21,777 tuning in to watch the auction live on the day.

Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “This shows that interest in our live streamed auctions and demand for well-priced property continues. With a minimum of seven auctions in 2021, plus the launch of our stand-alone commercial auctions in the Spring, we are well placed for the coming 12 months.”

Straight out of the blocks, the auction got off to a flying start when the first lot, a double retail unit at 363-365 Dudley Road, Winson Green, offered on behalf of Birmingham City Council, sold for over three times its guide price8 – £780,000 from a guide price of £250,000+.

A three bedroom detached property with planning permission to extend in the popular area of Solihull at 175 Danford Lane sold for £576,000 from a guide price of £450,000+.

Over in Halesowen, a 14 bedroom former care home at 15 Lyde Green offered with a guide price of £395,000+ sold for £434,000.

In Erdington, Birmingham, a three bedroom mid-terraced house at 293 George Road, sold for £177,000 from a guide price of £160,000+.

Further south, 17 Park Street, Worcester, a five bedroom end terraced property, sold for £251,000 from a guide price of £195,000+.

In the East Midland, a two bedroom terraced house at 70 Luther Street, Leicester, guided at £70,000+, sold for £120,000.

Nationally, Bond Wolfe Auctions’ attraction as an ideal platform for buying and selling continues to grow, with a two bedroom, semi-detached house at 29 Station Road, Sible Hedingham, in Halestead, Essex, realising £192,000 from a guide price of £160,000+.

Bond Wolfe Auctions’ next online Midlands property auction will be livestreamed from 9am on Wednesday 17 February 2021, with remote bidding by proxy, telephone and internet only.

The deadline for entries is Friday 22 January and anyone with properties for sale should contact [email protected] or call 0121 312 1212.