Council owned empty properties sell for £210,500 at Pugh auction

Written by: Paul Thompson on 10th September 2019

Council owned empty properties sell for £210,500 at Pugh auction

Bradford Council has raised over £210,000 through the sale of empty houses at Pugh's Yorkshire & North East Auction.

A number of properties owned by the Council went under the hammer last week, with some selling for well over their guide price.

The Council had obtained the homes, in varying states of repair, either through compulsory purchase orders, by agreement with the owners, or after they were seized from people who have refused to pay Council Tax.

5 Priestly Street in Thornton had a guide price of £30,000, but sold for £42,000 at the auction, while 3 Priestly Street sold for the guide price of £70,000.

Other properties sold on behalf of the council included 140 Walden Drive, Daisy Hill, sold for £67,000 – above its guide price of £45,000, and 50 Daisy Street, Great Horton which sold for £32,500 – above the guide price of £25,000.

The Council says auctioning properties it has purchased is one of the ways it can fill empty homes.

We are now starting to build our October listing which will be launched on our website on Friday 20th September. So, if you have property or land to sell, contact us today on 0345 505 1200 or click here for a FREE auction appraisal and find out how much you could achieve at auction.

Written by: Paul Thompson on 10th September 2019


About the Author

Paul is a Chartered Surveyor and member of the National Association of Valuers and Auctioneers (NAVA). He is also one of the few auctioneers in the country with a position on the RICS Real Estate Auction Committee.

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