£1m+ Sale for Birmingham City Council Caps Off a Stellar 2024 for Bond Wolfe

Bond Wolfe’s final auction of 2024 ended on a high, delivering another exceptional result with 84% of the 161 lots sold, including a standout £1 million-plus sale for Birmingham City Council.

One of the day’s highlights, Lot No. 2, was a potential development site off Coleshill Road in Hodge Hill, Birmingham. This freehold site, spanning just over one acre, achieved £1,060,000, far surpassing its guide price of £400,000. The property is described as suitable for educational, community, or residential purposes, subject to planning permission.

Another Birmingham City Council-owned property, land with an advertising hoarding at 400-404 Stratford Road, Sparkhill, also performed strongly, selling for £195,000 from a guide price of £75,000+.

Record-Breaking Auction Performance

The December auction raised an impressive £21,695,500, underscoring Bond Wolfe’s continued dominance in the property auction market. Interest in the event was immense, with:

• 571,204 website views in the lead-up to the auction.
• 84,426 video tours watched.
• 26,983 legal packs downloaded, reflecting intense competition and nationwide demand.

Gurpreet Bassi, Bond Wolfe’s chief executive, said:

“This was a tremendous way to close another remarkable year for Bond Wolfe. We’re thrilled to achieve strong results for our clients once again, and demand for robust investment opportunities like bricks, mortar, and land remains exceptionally high.”Auction Day Highlights

The auction featured a diverse range of properties that attracted keen bidding:

• Former Maypole Methodist Church, Sladepool Farm Road, Kings Heath – sold for £555,000, comfortably exceeding its guide price of £345,000.
• Residential development land on Grange Road, Kings Heath – with planning permission for two four-bedroom houses, sold for £312,000 from a guide price of £235,000.
• Land at Tasker Street, West Bromwich (offered on behalf of Sandwell Metropolitan Borough Council) – sold for £128,000, more than double its guide price of £50,000.
• Two terraced properties at 78-80 Byrne Road, Wolverhampton (offered on behalf of City of Wolverhampton Council) – sold for £265,000, almost doubling its guide price of £136,500.
• 30 self-contained flats at 9 St George’s Parade, Wolverhampton – sold prior to the auction for £2,100,000, exceeding its guide price of £1,850,000.
• Partly constructed four-bedroom bungalow, Orchard Lane, Hanwood, Shrewsbury – sold for £300,000, surpassing its guide price of £275,000.

Looking Ahead to 2025

Mr. Bassi added:

“These results position us strongly for continued growth in 2025. We’re excited to expand our client base as more sellers, institutions, and local authorities recognize the unique value Bond Wolfe’s auctions provide for achieving significant results quickly.”

Upcoming Auctions in 2025

Bond Wolfe has already announced seven live-streamed auctions for the coming year, scheduled for:

• 6 February
• 27 March
• 15 May
• 10 July
• 11 September
• 23 October
• 10 December

For more details or to register interest, visit Bond Wolfe’s auction page, email [email protected], or call 0121 312 1212.