Birmingham House up for Auction, for Just £1

Thinking of selling your Birmingham property at auction? Take a look at this example of a 3 bedroom, terraced house up for auction at the end of October. The property is being marketed with a guide price of just £1 to generate interest. Let’s see what price it actually sells for!

Call 0800 862 0206 for your FREE auction sale estimate.

Home: Auction Link » News » Birmingham House for Sale at Auction for Just £1

Birmingham Auction: 93 Douglas Road B27 6HH

By Mark Grantham –  27th September 2019

The auction sale of 93 Douglas Road in Birmingham is certainly making the headlines! That’s because the vendor has agreed to sell with a very low guide price of just £1.00.

Sell a Fire Damaged House

The property is in very poor condition, but it’s very unlikey the property will sell for anywhere close to the guide price. The fact the property is featuring in so many newspapers, even national news, is a good example of how the guide price is used to stimulate interest in a property. 

Sell a Fire Damaged House

Similar properties on the same street, but in good condition sell for around the £200,000 level. Given the level of work required to 93 Douglas Road we would estimate a final sale price in the region of £100,000 to £120,000.

The property is for sale with SDL Auctions – the auction will be held at Aston Villa Football Club on the 29th of October 2019. The valuer at SDL Auctions had this to say about the property: “This property may be a ghost of its former self but any serious investor will have the vision to see beyond the disrepair and imagine the possibilities.”

Sell a Fire Damaged House

All areas of the property require improvement. We expect the buyer will probably be a builder or developer. Or maybe even an enthusiastic DIY’er.

Sell a Fire Damaged House

There is a small front garden and a larger (but overgrown) back garden. 

Sell a Fire Damaged House

Properties in poor condition sell particularly well at auction because buyers do not have the opportunity to negotiate down the price. Competitive bidding on auction day forces the price up to the highest possible level. 

Sell a Fire Damaged House

We’re not sure how this house fell into such a state of disrepair, but we wish the winning bidder all the best with thier purchase on the 29th of October.

Sell a Fire Damaged House

Thinking of selling your house at auction? Any type of property can be sold at auction, whether in good or poor condition. Call 0800 862 0206 for your free auction sale price estimate, or click the button below for a quick quote. 

Conveyancing logjam causing delays with estate agency sales

Looking to sell your home before the end of 2022? Rightmove reports the average time that estate agency stock is moving from sold subject to contract to completion is 150 days.Call 0800 862 0206 for your FREE sale price estimateHome: Auction Link » News » Conveyancing...

London Property Auction Dates: May and June 2022

London Property Auction Dates: May and June 2022 Looking to sell your London house by auction in 2022? Check out the upcoming London property auction dates for May and June 2022.Call 0800 862 0206 for your FREE sale price estimateHome: Auction Link » News » London...

Sell My High Value House By Auction?

Call 0800 862 0206Selling a High Value House by Auction? Yes, it's certainly possible to sell a high value property by auction. But the success of the sale will depend on setting an attractive guide price, to stimulate interest amongst buyers.Call 0800 862 0206 for...

London Property Auction Dates: February and March 2022

Call 0800 862 0206London Property Auction Dates: February and March 2022 Looking to sell your London house by auction in 2022? Check out the upcoming London property auction dates for February & March 2022.Call 0800 862 0206 for your FREE sale price...

London Property Auction Dates: November and December 2021

Call 0800 862 0206London Property Auction Dates: November and December 2021 Looking to sell your London house by auction before the end of 2021? Check out the upcoming London property auction dates for November and December 2021.Call 0800 862 0206 for your FREE sale...