Council properties prove popular as Bond Wolfe’s latest auction raises £24.6 million

Bond Wolfe sold 100% of the Birmingham City Council properties offered at its July live-streamed online auction. Nine properties went under the hammer, raising a total of £2,127,000, with the star lots being a former children’s home at 55 Stevens Avenue, Birmingham, which raised £585,000 and a Sparkhill retail unit with accommodation over, which sold for £550,000. Both residential properties offered by Wolverhampton City Council also sold.

Out of 167 lots offered on the day, Bond Wolfe sold 146 – 87% – raising a total of £24,643,500.

Bond Wolfe chief executive Gurpreet Bassi said: “This was another outstanding result and a tribute to the hard work put in by all our team. Bidding was competitive throughout the day and we are already making preparations for our first auction of the autumn on Thursday 11 September.”

Already in 2024, Bond Wolfe has raised close to £100 million in sales over four auctions. – £99,488,000.

Highlights on the day included the sale of Our Lady Convent in Wood Street, Southam, Warwickshire, for £525,000, which was offered jointly with Wareing & Co. The freehold town centre site has planning permission for ten units. In Cheltenham, a freehold retail investment at 21 Winchcombe Street sold for £214,000 from a guide price* of £90,000+. A mid-terraced retail unit with upper floors at 5 Evesham Walk in Redditch realised £220,000 and in Malvern, a Grade II listed former bank premises at 2-4 Worcester Road sold for £290,000 from a guide price of £275,000. The Toby Jug, a leasehold investment opportunity on Newman Way, Rednal, with a current annual rental of £15,600, sold for £45,000 from a guide price of £40,000.

Residential properties, as ever, were highly popular with several seeing strong bidding before the hammer fell. 292 Sutton Road, a three bedroom extended, semi-detached property in Walsall, sold for £298,000 from a guide price of £99,000+. In Stratford-upon-Avon, a three bedroom, semi-detached house at 22 Lea Close, which was also offered with a guide price of £99,000+, sold for £240,000 and in Hall Green, Birmingham, 31 Cole Valley Road , a three bedroom semi-detached home, sold for £247,000 from a guide price of £50,000+.

The run up to the auction on Thursday 11 July saw 606,257 website views, 128,642 video tours watched and 36,171 legal packs downloaded.

Bond Wolfe’s next live-streamed online auction is on Thursday, 12 September, starting at 9am.

If you have a property you are considering selling, click here email [email protected] or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.