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Flood of interest nets more than £7.5 million at CPBigwood auction

Bargain hunters weren’t to be put off by monsoon weather as the latest CPBigwood auction pulled in a total of £7.5 million.

Held in the Holte Suite at Aston Villa football ground, the start was delayed as people fought their way through a deluge which led to floods across the Midlands.

And by the time the auction got under way the room was once again packed.

Around 75 per cent of lots were sold including 11 prior to the event.

A total of 85 per cent of both Birmingham City Council lots and receivership instructions found buyers plus all the NHS ones put forward.

CPBigwood director Jonathan Hackett said: “Once again it was confirmation that although the private treaty market continues to struggle, the auction side is buoyant.

“Bidders can see the value on offer, resulting in a significant number of lots going for way beyond their reserve.”

A former children’s day nursery at 33 New Spring Street, Hockley, with a guide price of £170,000 made £245,000 while the former Heathway Elderly Persons Home at 70 Reddicap Heath Road, Sutton Coldfield, reserve £420,000, achieved £750,000.

A former day centre at 79 Marsh Lane, Erdington, with a reserve of £120,000, was sold for £210,000 while a block of flats previously used as a residential institution, guide price £475,000, saw the hammer come down at £565,000.
There was also lots of interest in some of the homes up for sale.

A detached bungalow with development potential at 220 Coventry Road, Coleshill, guide price £200,000, was picked up for £236,000. A freehold semi-detached bungalow at 79 Park Hall Road, Walsall, guide price £88,000, realised £130,000.
A detached house in need of renovation at 233 Coleman Street, Wolverhampton, with a guide price of £28,000 achieved £80,000 after over 140 pre-auction viewings; a detached at 22 View Drive, Dudley, guide of £94,000, secured £136,000; and another detached at 35 Poplar Avenue, Edgbaston, guide £175,000, which saw more than 80 pre-auction viewings, sold for £253,500.

Three bedroom semi-detached houses generated much interest – 143 George Frederick Road, Streetly, with a guide of £79,000, reached £131,000 after 75 pre-auction viewings; 120 Neville Road, Erdington, guide £55,000, came in at £70,000; 45 Ettingshall Road, Coseley, guide price £45,000, secured a bid of £75,500; 140 Henwood Road, Compton, Wolverhampton, guide £90,000, notched £126,000; and 117 Greenholm Road, Great Barr, guide price £69,000, attracted £85,000.

No 24 Archibald Road, Birchfield, Birmingham, a two bedroom mid-terraced property, with a reserve of £65,000, achieved £108,000, a three bedroom mid-terraced at 42 Croydon Road, Erdington, guide £49,000, came in at £69,000; and three bedroom mid-terraced 84 Eva Road, Winson Green, guide £44,000, was acquired for £63,500.

Meanwhile an end terraced at 24 Barbara Road, Hall Green, guide £85,000 went for £120,000 and another at 33 Moodycroft Road, Kitts Green, guide £59,000 sold for £72,000.

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