BidX1 UK sees strong start to 2020 with the first of five auctions this quarter
BidX1 has announced a strong start to the year with 44 properties sold from 52 offered at their February online auction, raising £10,575,600 through residential and commercial sales.
Two standout properties were lot 19; a retail premises in Rotherham let entirely to Boots UK Ltd producing £173,000 per annum and lot 32; a pair of buildings comprising four self-contained flats and garages. Both properties sold prior and in excess of guide price listings which were £1.1 million and £1.2 million respectively.
On the day of the auction a number of opportunities saw highly competitive bidding including lot 2, a first floor self-contained flat on Aliwal Road in the popular area of Battersea, located a short walk from Clapham Junction station. Listed on behalf of a housing association, the property received 63 bids and sold £106,000 above guide price, finally closing at £506,000.
In total, BidX1’s February catalogue was viewed over 111,000 times throughout the marketing period, by parties in 53 countries including Hong Kong, the United States of America and Qatar.
This sale marks the first of five online auctions for the marketplace, with their next residential auction taking place on 25th February and held in association with Foxtons. Throughout February and March, BidX1 will also be holding auctions for the London Borough of Wandsworth and a major housing association, as well as a best bids sale for West Middlesex Golf Club.
Oliver Childs, Head of Commercial at BidX1, commented: “We were delighted with the response to BidX1’s first online auction of the year, both in terms of the calibre of properties listed on behalf of clients and the activity from bidders purchasing through our platform. As predicted, the market has responded to the ‘Boris Bounce’ and our February results prove there is renewed interest in available properties.
Our global digital property marketplace consistently proves itself, providing the transparency, flexibility and data that sellers have been searching for. We are looking forward to the four upcoming auctions held throughout February and March on behalf of major clients, as confidence in the market returns.”
Keep up-to-date: Follow us on LinkedIn.