Auctions go from strength to strength

Bond Wolfe Auctions’ astonishing run of results continued with an 87% success rate seeing over £16.1 million raised in their September sale at Aston Villa FC in Birmingham.

Over 2,000 people attended the auction throughout the day and in the run up to the auction, Bond Wolfe Auctions staff conducted over 3,600 viewings resulting in over 36,000 legal documents downloaded.

The firm, which was launched only in January this year, has now offered 490 lots in 2019, raising £55 million with an average success rate of 85.5% against the national average of 72% - making Bond Wolfe Auctions the most successful auctioneers in the Midlands this year by some distance.

Highlights of the September sale include the first two lots offered on behalf of Birmingham City Council.

A former school premises in Lozells sold for £220,000 from a guide price of £100,000. A single storey factory/retail unit in Nechells offered with a guide price of £100,000 fared even better, selling for £310,000.

Three former police stations were sold on behalf of West Midlands Police, with the former Darlaston Police Station realising £660,000 (guide price £250,000+), Tettenhall Police Station selling for £430,000 (guide price £250,000+) and Handsworth Police Station, offered with a guide price of £500,000, sold for £770,000.

Residential lots fared extremely well, with 35 Brook Lane, a four bedroom semi-detached house in Kings Heath selling for £232,000 from a guide price of £85,000+.

A two-bedroom detached property in Kings Norton at 124 Walkers Heath Road sold for £145,000 (guide price £50,000) and a semi-detached property converted to two one bed apartments at 90 Causeway Green Road in Oldbury raised £150,500 (guide price £90,000+).

And in Edgbaston, a two-bedroom mid-terraced house at 72 Laxey Road sold for £130,000 from a guide price of £80,000+.

Investments sold well with an attractive mixed-use lot in Belwell Lane, in Four Oaks, Sutton Coldfield, which was offered with a guide price of £500,000 sold prior to the auction for well in excess of the guide price.

Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “We are delighted with the results achieved in our fourth auction of our first year. The prices, success rate and geographical spread show the benefits of offering both local and national lots in a central UK location.

“We now look forward to our next auction on Wednesday 23 October at Aston Villa FC and already have many interesting lots to bring forward in our next catalogue.”