See the homes that went under the hammer for £25,000 to a cool £1m
House hunters grabbed a bargain at a property auction when several homes from the Black Country went under the hammer for as little as £25,000.
The sale, at Villa Park, featured a range of different properties in various states of repair with buyers splashing out from £5k for patches of land to an eye-watering £1.3million.
SDL Bigwood auctions partner Gurpreet Bassi said: "Auctions have become more popular and we expect the popularity to continue, helped by programmes such as Homes Under The Hammer and auctions becoming more accessible to the general public.
"Properties are offered at an auction for a variety of different reasons such as receivership and probate sales, which is reflected in the price as more and more sellers are looking for certainty of sale and a sale in quick time frame.
"This auction in particular was a great result for us and another feather in the cap for Birmingham.
"Once again, we are pleased to report that we had a strong auction, with a very busy room and we raised over £8.7m in sales with a sale success rate of 85 per cent."
Among the cheapest to sell in the Black Country was a house in Providence Lane in Walsall. Located between Green Lane and the B4210, the three-bedroom terrace house sold for £51,000, just over the guide price of £49,000.
The price got the buyers a hall, reception room, kitchen, downstairs bathroom, landing, rear garden and small front yard.
The cheapest properties in the region to sell were Flat 7 Stockton Court, Mason Street, Bilston, which sold for £25,000 and a ground floor flat on Leys Road in Brierley Hill, also for £25,000.
A spacious three-bedroom terrace property in Lewis Street, Great Bridge, had an asking price of £45,000 but sold for nearly double.
The property has a porch, hall, reception room, kitchen, under-stairs cupboard, WC and rear conservatory.
The property – which had three bedrooms on the first floor, a bathroom/WC and an attic above, alongside a garden to the rear and driveway parking – sold for a little over £80,000. In Parkfield Road, Parkfields, Wolverhampton, a two-bedroom terraced home near the Birmingham New Road sold for £67,000 despite the guide price being between £43,000 and £48,000.
Meanwhile, a two-bedroom terraced property in Prince Street, Dudley, with an asking price of £60,000 to £65,000, will now be offered in the December auction sale. The auction was a new first for Birmingham with the most expensive private house to be sold under the hammer in the city at 11 Farquhar Road for £1.3m. The mammoth house has five bedrooms and a master bedroom with an en-suite. The next auction will take place on November 9.
