One of Bigwood’s busiest ever property auctions saw 80 per cent of the lots sold and the day’s total set to top £10 million with post-auction deals.
£9.6 million worth of property sold on the day at Aston Villa FC with Lot 1 – Hawthorn House selling for £775,000 against a guide price of £350,000-£400,000.
The imposing 19th century Grade II listed building, put up for sale by Birmingham City Council, has latterly been used as offices but was originally residential.
It has been bought by Harkamal Sandhu, his wife Kiranjit, his father Jaswant Sandhu and his father-in-law Guljinderpal Singh Kandola as their own residence.
Other highlights included the Lordship of Beriscote whick was purchased at a Bigwood auction for £10,000 in 2007. It sold for £12,000 to an anonymous purchaser.
Similarly, Bilston Police Station which had a guide price of £150,000 was sold for £176,000 to an anonymous Wolverhampton investor.
Notable lots in a busy sale included 8 Stuarts Road, Stetchford, a former 12 bedroom children’s home which sold for £270,000 against a guide price of £220,000.
A vacant leasehold end terraced property at 96, Bottetort Road, Weoley Castle, Brmingham, with a guide price of £25,000 attracted 53 viewings and sold for £66,000.
Fierce bidding greeted Beechenhurst, 10 Serpentine Road, Selly Park, Birmingham, a substantial vacant freehold property which sold for £670,000 from a guide price of £400,000.
Ten of 11 ground rents sold – proving their continuing popularity – and six terraced houses in a row sold individually to the same purchaser for a total of £306,000 from a guide price of £228,000.
A freehold mid-terraced property at 36 Somerset Road, Erdington, Birmingham, sold for £102,000 off a guide price of £70,000.
The vacant freehold semi-detached house at 202 Bournvilla Lane, Bournville, Birmingham, sold for £230,000, from a guide price of £170,000.
Another property which attraced 53 viewings was 495 Belchers Lane, Bordesley Green, Birmingham, a three bedroom end terraced freehold property which eventually sold for £166,000 having been given a guide price of £115,000.
Bigwood managing director Rory Daly said: “Bidding on the most keenly contested lots was frantic and there was a real buzz in the saleroom.
“The reputation of Bigwood’s auctions is spreading far and wide and we had another packed auction room and a tremendous result all round.”
Bigwood is merging with Birmingham chartered surveyors Curry & Partners on September 1 to create CP Bigwood, the largest independent agency in the Midlands, with more than £2.5 billion of property under management.Back to top