The award-winning auction group Bond Wolfe Auctions have announced that sales from this year’s auctions have already surpassed 2020.
Despite having two more auctions left this year, the auction house revealed that their current sales had reached nearly £130m so far in 2021, exceeding the 2020 total.
Bond Wolfe Auctions are the UK’s leading regional property auctioneer, and the group also enjoyed £21.9m of sales in its latest auction yesterday, when 180 lots were sold out of 191 offered – a 95% success rate.
Despite the end of the stamp duty holiday, interest in the auction remained high, with 478,660 website page views, 137,003 video tours watched, and 36,191 legal documents downloaded.
Gurpreet Bassi (pictured right), Chief Executive of Bond Wolfe, said: “We had another highly successful auction yesterday, with competitive bidding meaning that many properties achieved exceptional sale prices.
“This builds on our continuing expansion throughout 2021, which is fully reflected by the fact that our total sales in the year to date are £129.9m – more than we sold in the whole of 2020.
“When you consider that we still have two more auctions to go this year, the overall annual growth is set to be substantial, and shows how the property marketplace is continuing to recover post-lockdown.”
In yesterday’s auction, one of the star performers was an entire block of 12 apartments in a five-storey block off the Birmingham Road, in the sought-after suburb of Wylde Green, Sutton Coldfield.
All apartments are occupied and bringing in total annual rents of £90,360. When the hammer finally came down, the winning bid was £1,045,000 from a guide price* of £950,000.
Also in Sutton Coldfield was a three-bedroomed, mid-terraced property at 135 Wyatt Road. Despite requiring major renovation, it sold for £155,000 from a guide price of just £90,000+.
Numerous lots from across the UK also performed well in the auction, with a three-bedroomed, semi-detached house down in West London of particular interest to bidders.
The property in question at 235 Kingshill Avenue in Hayes, Middlesex, sold for £470,000 from a guide price of £350,000+.
Mr Bassi added: “The properties in our auctions are increasingly coming from across the country, with sellers continuing to be more than satisfied at the prices we are achieving for them.
“Bond Wolfe has become a name on the lips of anyone regularly buying or selling in UK property auctions, and we are looking forward to more great lots and bidding in our next auction in October.”
Bond Wolfe’s next auction is on Wednesday 20 October. Property owners interested in selling can arrange a free auction appraisal by calling visiting their website.
Alternatively, if you’re looking to buy a property from Bond Wolfe Auctions, why not take a look at their range of properties for sale on Residential People.