Property auctions raise millions for cash-strapped Birmingham City Council in 2025
More than £5.5 million has been raised for cash-strapped Birmingham City Council so far in 2025 following a series of auctions.
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Sales have progressively strengthened with £807,000 raised from sales in Bond Wolfe's February 6 auction, another £1,908,000 on March 27 and a flurry of bidding produced £2,860,500 on May 15.
The running total of £5,575,500 raised in 2025 to date is set to continue as Bond Wolfe continues its contract to raise funds for the council at its next four auctions this year.
Gurpreet Bassi, chief executive of Bond Wolfe, today invited other councils and housing associations to use his company’s livestreamed auctions to sell their unwanted property stocks.
Mr Bassi said: “We have worked closely with Birmingham City Council to successfully sell a carefully selected range of its commercial, industrial and non-operational properties.
“We make sure these properties are marketed to the widest possible audience, and they have attracted substantial interest, resulting in impressive sale prices.
“We are pleased that our efforts to date we look forward to handling more properties for the council in our upcoming auctions.
“We are also ready and willing to replicate this sales success with other councils and housing associations across the UK that have a stock of properties they wish to sell.”
Properties sold for Birmingham City Council so far this year include:
The former Merrishaw Children's Centre in Northfield,, which had a £200,000+ guide price and sold on February 6 for £351,000.
A six-bedroomed, detached house in Lichfield Road, Sutton Coldfield, which had a £600,000+ guide price and sold on March 27 for £799,000.
A former caretaker’s house in Poplar Road, Kings Heath that had a £200,000+ guide price and sold on March 27 for £262,000.
The former Four Oaks Boys Club on Wilmcote Drive, in the Mere Green area of Sutton Coldfield, which sold on May 15 for £393,000 – more than five times its £75,000+ guide price.
The former Trittiford Learning Centre in Moseley, which had a £500,000+ guide price and sold on May 15 for £1,520,000.
Bond Wolfe will hold a further four livestreamed auctions in 2025 on July 10, September 11, October 23 and December 10.
Auctions are livestreamed on the BWA website with remote bidding by proxy, telephone or internet.
