A fantastic start to 2024 with our highest auction sales result since 2021

A 92% success rate has seen Bond Wolfe roar into 2024 with more than £28.5 million raised in sale prices at its first auction of the year – the highest figure since December 2021.

The total included £3.9 million raised from 24 properties sold on behalf of Birmingham City Council and another £1.1 million from the prior to auction sale of the Fenny Marina on a South Warwickshire canal.

Gurpreet Bassi, our Chief Executive, explained that 167 lots from the 182 offered at the live-streamed auction on 8 February, producing the 92% success rate.

He said: “We had a busy and exciting day and are very proud of the market-leading success rate that we are now delivering at every one of our auctions. There were 847,534 website page views, 153,483 video tours and 42,987 legal documents downloaded ahead of the auction, figures that reflect the strong bidding we saw on the day. We successfully sold properties across the whole of the Midlands and as far away as Devon, the north west, north east and Bedfordshire. This geographical spread shows the growing popularity of our regular auctions where a wide range of buyers from across the UK and abroad know they will get the chance to buy some great properties.”

The properties sold for Birmingham City Council included a day nursery at 455 Yardley Wood Road in  Moseley which is currently producing £18,000 a year in rent. This substantial freehold detached with a site area of 23,885 sq ft, had a guide price* of £180,000+ and was eventually sold for £416,000. Another council property successfully sold was the former Four Dwellings Children’s Centre in Quinton, which has a guide price of £300,000+. This single-storey building with internal space of 2,622 sq ft had been subjected to fire damage, but its prospects for redevelopment, subject to planning consents, meant the hammer came down at £565,000. Up near the city centre in Duddeston, council land and premises on Adams Street with a guide price of £75,000+ were sold for £380,000.

One of the star lots in the auction was Fenny Marina on the southern arm of the Oxford Canal at Station Fields in Fenny Compton, near Southam in Warwickshire. This property has 85 boat berths, with a three-bedroomed bungalow and extensive outbuildings included in the sale, and it has a guide price of £950,000+. The interest from potential buyers was so strong that Bond Wolfe sold it for £1.1 million, a day before its auction, to new owners Crafted Boats Ltd, a family-owned firm of specialist boat builders in Bromsgrove.

Our next live-streamed property auction starts at 9am on Wednesday, 27 March. If you have a property, you are considering selling, visit https://www.bondwolfe.com/free-property-appraisal/, email [email protected] or call 0121 312 1212 to arrange a free, no-obligation valuation.