First auction of the year for auction house sees sales of £17.7m
£17.7m has been raised at Bone Wolfe’s first auction of 2022.
Starring properties included a three-bedroomed, mid-terraced house at 217 Charles Road in Small Heath, Birmingham sold for £200,000 at the auction on 9 February from a guide price of £50,000+.
A freehold commercial and residential property at 1471 Pershore Road in the suburbs of Stirchley sold for £190,000, also from a guide price of £50,000+.
132 of 146 lots were sold, resulting in a sell rate of 91%.
Bond Wolfe chief executive Gurpreet Bassi said: “The year has got off to a strong start.
“The property market remains buoyant, and the outlook is looking even more positive with further easing of Covid restrictions.”
Another property that saw competitive bids was the freehold land where the Rising Sun pub used to be located in West Bromwich. This was sold on behalf of Sandwell Council for £192,000 from a guide price of £50,000+.
Bond Wolfe reported high interest with 596,868 website page views, 150,170 video tours watched, 39,140 legal documents downloaded and 22,985 viewers logging in to the auction.
Mr Bassi added: “Our first auction of the year proved there is phenomenal buyer interest for property up and down the UK.
“With many agencies reporting low stock levels it could be a fantastic time to sell a property by auction.”
