Bargain Black Country homes snapped up at auction
Bargain Black Country homes that went under the hammer were snapped up fast at auction, with one being sold for three times its guide price.
A range of terraced and semi-detached homes were sold off by SDL Auctions at Aston Villa football ground.
The tempting properties included a two-bed mid-terraced house in Ivyhouse Lane, Coseley, and one at Blackhalve Lane, Wednesfield, starting at £19,000 each; a three-bed mid-terraced house in Argyle Road, Wolverhampton, also starting at £19,000; and a three-bed semi-detached house in Great Bridge Road, Bilston, which was due to start at £29,000.
Head of residential auctions at SDL Auctions Bigwood, Gurpreet Bassi, said: “This was another exceptional auction with the bidding getting so hot the fire alarm went off at one point.
“It was good to get our 2018 programme of seven auctions under way with such a good result. It bodes well for our next auction at the end of March.”
The property at 123 Ivyhouse Lane in Coseley went for £69,000, a considerably higher amount than the guide price of £19,000 to £24,000.
Also in the auction, the home at 34 Argyle Road in Wolverhampton was auctioned off at £71,500, again a substantial amount more than the low guide price of £19,000 to £24,000.
The property at 173 Great Bridge Road, Bilston – a three-bedroom detached home – went for £98,000. It’s guide price ranged from £29,000 to £34,000. And 89 Blackhalve Lane, Wednesfield, went for £65,000, a jump from an original starting bid of £19,000 to £24,000.
Ahead of the auction Mr Bassi said the four Wolverhampton homes had ‘potential for development and refurbishment’ and pre-empted some competitive bidding in the auction room. He said: “Many of our buyers come to our auctions because they’re looking a refurbishment project and something to add value to.”
The new owners will have a sizeable refurbishment project on their hands, now that they have the keys to their new bargain homes.
Pictures show the property at Argyle Road had a living room with large chunks of plaster missing from the wall, and the terraced house in Blackhalve Lane would benefit from a modern makeover to get rid of dated carpet and wallpaper that was used in the property.
But the more expensive of the homes, in Great Bridge Road, comes with a large, basic utility room to go alongside a good-sized kitchen, two reception rooms, a bathroom and a separate toilet.
The next Birmingham auction is scheduled to be held on Wednesday, March 28.