Former Birmingham school site sold for £1.25m in property firm's December auction - rounding off a record £180m year
A former school site was among the most lucrative lots sold for cash-strapped Birmingham City Council in Bond Wolfe's final auction of what has turned out to be a record year for the real estate agency.
More than £23.5 million was raised at the company's December property auction, taking revenues from its seven auctions in 2025 to a record annual total of over £180 million.
The livestreamed auction on December 10 included more than £2.25m raised from the first three properties, all sold on behalf of Birmingham City Council.
These latest local authority lots were spearheaded by the cleared site of the former Oscott Manor School in Kingstanding, Birmingham, which after competitive bidding sold for £1.25m from a guide price of £750,000-plus.
Keen bidding saw two other council lots achieve more than twice their guide prices, with the former Birchfield Community Day Nursery in Handsworth, listed at £275,000-plus, selling for £625,000 and the former Beeches Goldd Day Centre in Great Barr, listed at £180,000-plus, selling for £403,000.
The properties were just three of 141 lots sold from 167 offered on December 10 - an 85 per cent success rate that raised a total of £23,589,281.
The grand total for all Bond Wolfe’s seven auctions in 2025 was £180,088,648 – the highest annual figure since the business launched its auction division in January 2019.
Gurpreet Bassi, chief executive of Bond Wolfe, which is based in Birmingham, said: “Raising more than £23.5 million in our auction of December 10 was an excellent result, despite the uncertain economic backdrop.
"The prices we are continuing to achieve for sites that Birmingham City Council no longer needs are particularly impressive, and this just goes to show the resilience of the property sector.
“The demand for solid assets, such as bricks and mortar and land, remains strong, and this is the perfect time to sell by auction.
”The popularity of Bond Wolfe’s auction on December10 was evidenced by how it was preceded by 1,114,366 website page views, with 33,168 video tours watched and 27,998 legal packs downloaded.
For more details and to register to bid visit https://www.bondwolfe.com/auctions/properties/, email auctions@bondwolfe.com or call 0121 312 1212 or 01902 928510.
