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About Bond Wolfe Property Auctions

Bond Wolfe are a large, regional auction house based in Birmingham. They were established on Dec 21, 2018.

Where do Bond Wolfe Property Auctions cover?

Bond Wolfe are a regional auction house focused on the West Midlands.

West Midlands is their biggest county. They've auctioned 645 properties here in the last 12 months, accounting for 62% of their business.

Bond Wolfe Property Auctions are a regional auction house. West Midlands is the biggest region for them.

They've auctioned 844 properties here in the last 12 months, accounting for 81% of their business.

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Tip: If you’re selling your house at auction it’s a good idea to look for an auction house with a strong focus on your area.

What types of properties do Bond Wolfe auction?

Bond Wolfe mainly focus on selling residential properties, which account for 85% of their listings.

Bond Wolfe Property Auctions mainly focus on selling land, which accounts for 85% of their listings.

They also have a strong presence in selling commercial property, which accounts for 11% of their listings.

They also have a strong presence in selling land, which accounts for 11% of their listings.

What price range do Bond Wolfe specialise in?

For residential sales, their average selling price is £6262327.

This is higher than the national average of £717968, which means they generally cater to the lower end of the market, or focus on regions where property prices are generally cheaper.

This is higher than the national average of £717968, which means they generally cater to the upper end of the market, or focus on regions where property prices are more expensive.

This is higher than the national average of £717968. This either means they don't have a particularly strong focus on the upper or lower end of the market, or means that they focus on regions where property prices are in line with the national average.

£1 – £100k
37%
£100k – £250k
53%
£250k – £500k
7%
£500k – £1m
2%
£1m +
1%

Bond Wolfe Auction Performance

We break performance into 3 key parts: Market Share, Succes Rate, and Customer Satisfaction.

Market Share

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Market share is the percentage of total auction sales that are made by a single company.
43.4%
6

Bond Wolfe are the #1 largest auction house in England & Wales.

Bond Wolfe are the 6 largest auction house in England & Wales.

They sold 808 properties over the last 12 months, giving them a market share of 43.4%. (Nationally, a total of 2140 properties were sold by auction over the last 12 months).

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Tip: When you’re deciding which auction house to sell with, a larger market share can mean a safer bet.

Don't rule out smaller auction houses though. Your experience with a company ultimately comes down to the person you deal with there, rather than the size of the company. Read more here.

Success Rate

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Auction houses don't sell every property they take on. The success rate is the percentage of their properties they successfully manage to sell.
78%
4

Bond Wolfe have the #1 highest success rate among auction houses in England & Wales.

Bond Wolfe have the 4 highest success rate among auction houses in England & Wales.

They successfully sell 78% of the properties they list, which is higher than the national average of 48%.

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Tip: A higher success rate usually means an auction house is more realistic with their valuations, are less likely to take on customers with unrealistic expectations, and may be more efficient at generating interest and bids from buyers.

Reviews

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Auction house review icon in red - 5 starsAuction house review icon in red - 4.5 starsAuction house review icon in red - 4 starsAuction house review icon in red - 3.5 starsAuction house review icon in red - 3 starsAuction house review icon in red - 2.5 starsAuction house review icon in red - 2 starsAuction house review icon in red - 1.5 starsAuction house review icon in red - 1 starAuction house review icon in red - 0.5 starsAuction house review icon in red - 0 stars
35 Reviews
35 Review

Bond Wolfe Property Auctions have been reviewed 35 times in the last 12 months, with an average score of 2.7/5. Read more about their reviews here.

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Tip: Review scores are important to consider, but it’s important know what customers are actually saying as well. We outline the overall themes of their reviews further down this page.

Bond Wolfe Auction Fees

1%
+ vat

Bond Wolfe charge a standard auction commission fee of 1% + vat.

1%
+ vat

The auction fee Bond Wolfe charge depends on the selling price. They charge:

  • 1% + vat on properties up to £.
  • % + vat on properties up to £.
  • % + vat on properties above £.
  • 1% + vat on properties up to £.
  • % + vat on properties above that.

Commission Fee

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This is the main fee for the service. It's either paid by the buyer, or directly from the sale proceeds, so sellers never have to pay this fee out-of-pocket.
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Who pays the commission fee?

The commission fee is paid by the Seller.

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Is there a minimum fee?

The commission fee is subject to a minimum of £1800 + vat.

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Tip: Although the buyer pays the fee with Bond Wolfe, sellers shouldn't think of it as a "free service" for them. Whatever additional fees the buyer has to account for will ultimately reduce what they'll be willing to bid for a property, reducing the amount the seller ends up with.

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Tip: Although the buyer pays the fee with some other auction houses, you shouldn't necessarily think of those as "cheaper than" Bond Wolfe, who charge the sellers the fee. This is because whatever additional fees the buyer has to account for will ultimately reduce what they'll be willing to bid for a property.

Buyer's Premium

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Auction houses often charge the successful bidder an additional fee, called a "Buyer's Premium".
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Are buyers also charged a fee?

Buyers pay an admin fee of % + vat, subject to a minimum of £1200 + vat.

Buyers pay an admin fee of £1200 + vat.

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Are buyers charged an additional fee on top of the commission?

Buyers pay an additional "buyer's premium" of % + vat, subject to a minimum of £1200 + vat.

Buyers pay an additional "buyer's premium" of £1200 + vat.

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Tip: Buying at auction? More than 25% of buyers get caught out by unexpected fees. Don't be one of them. Download our free checklist and learn where to spot hidden auction fees.

Other Fees For Sellers

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We've done our best to uncover additional fees charged by Bond Wolfe. These can change over time though, so always be careful to check the paperwork closely.
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Are there auction entry fees?

Sellers pay an up-front auction entry fee of £395 + vat. This is non-refundable, even if the property fails to sell at auction.

Bond Wolfe Property Auctions do not charge auction entry fees. Most auction houses charge around £300.

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Do they charge withdrawal fees if you change your mind?

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Are there any hidden costs or other fees?

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What about legal costs?

Remember that you’ll always have legal fees to pay too. These are separate to the auction fees, and Bond Wolfe Property Auctions don’t have any control over these.

Auction legal fees come in two parts: An up-front element for the legal pack, and the final legal fee, which is paid on completion of your sale.

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Tip: No auction entry fees with the auction houses we recommend. Many auction houses willing to negotiate on this.

Bond Wolfe Reviews

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Auction house review icon in red - 5 starsAuction house review icon in red - 4.5 starsAuction house review icon in red - 4 starsAuction house review icon in red - 3.5 starsAuction house review icon in red - 3 starsAuction house review icon in red - 2.5 starsAuction house review icon in red - 2 starsAuction house review icon in red - 1.5 starsAuction house review icon in red - 1 starAuction house review icon in red - 0.5 starsAuction house review icon in red - 0 stars
0/5 out of 0 reviews
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Auction house review icon in red - 5 starsAuction house review icon in red - 4.5 starsAuction house review icon in red - 4 starsAuction house review icon in red - 3.5 starsAuction house review icon in red - 3 starsAuction house review icon in red - 2.5 starsAuction house review icon in red - 2 starsAuction house review icon in red - 1.5 starsAuction house review icon in red - 1 starAuction house review icon in red - 0.5 starsAuction house review icon in red - 0 stars
2.9/5 out of 30 reviews
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Auction house review icon in red - 5 starsAuction house review icon in red - 4.5 starsAuction house review icon in red - 4 starsAuction house review icon in red - 3.5 starsAuction house review icon in red - 3 starsAuction house review icon in red - 2.5 starsAuction house review icon in red - 2 starsAuction house review icon in red - 1.5 starsAuction house review icon in red - 1 starAuction house review icon in red - 0.5 starsAuction house review icon in red - 0 stars
1.2/5 out of 5 reviews
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Auction house review icon in red - 5 starsAuction house review icon in red - 4.5 starsAuction house review icon in red - 4 starsAuction house review icon in red - 3.5 starsAuction house review icon in red - 3 starsAuction house review icon in red - 2.5 starsAuction house review icon in red - 2 starsAuction house review icon in red - 1.5 starsAuction house review icon in red - 1 starAuction house review icon in red - 0.5 starsAuction house review icon in red - 0 stars
0/5 out of 0 reviews

Good things people say (Pros) 

What can be improved (Cons) 

How Bond Wolfe work

Bond Wolfe auction process

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What types of auction do they run?

Bond Wolfe run eight traditional property auctions every year which are live-streamed online.  Bond Wolfe also offer an online auction facility, which offers more flexible start and finish dates.

With traditional auctions, a non-refundable 10% deposit is paid, and contracts are exchanged immediately.  The buyer must then complete within the agreed completion period, which tends to be 28 days.

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What happens on auction day?

You will be able to watch the live-streamed auction online and see everything unfold in real time.

Pre-registered bidders can make offers by telephone, proxy or online.  

If the property reaches the agreed reserve price, then the lot will be sold with an immediate exchange of contracts.  The buyer will have to pay a 10% deposit immediately and must complete within the agreed completion period (which is usually 28 days).

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What happens if your property doesn't sell at auction?

If the property fails to sell at auction your contract will automatically extend for an additional 2 weeks. During this time, Bond Wolfe will try and tie up a post-auction sale for you.

You can also enter the lot into the next available auction at no additional cost.

If the property is still unsold after those 2 weeks, you’re released from the contract and can move on.

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How Bond Wolfe market your property

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How will Bond Wolfe advertise your property?

Bond Wolfe prepare a bespoke marketing campaign for each property, which includes:

  • advertisement on their website and inclusion in their auction catalogue (for in-room lots)
  • advertisement on Rightmove, Zoopla, OnTheMarket and Facebook Marketplace
  • “auction for sale” board
  • local and national press advertising, where applicable
  • social media coverage, including Facebook, Twitter, Instagram and LinkedIn

Bond Wolfe will also send your property details to their extensive database of buyers.

The advertising process is carried out for a minimum of 3 weeks prior to the auction date to ensure your lot is visible and available to all potential buyers.

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How do they get property photos?

A member of the team will visit the property and take photographs.

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Will your listings include a floor plan and video walkthrough?

Your listing will include a virtual tour which integrates a floor plan for the property.

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How do Bond Wolfe conduct viewings?

Buyers will be able to view the property using Bond Wolfe’s 360 virtual tours.  

Bond Wolfe also organise viewings on your behalf and include their viewing schedule, with dates and times, on their website, property portals and in the catalogue for each lot.

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Other questions

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How do Bond Wolfe value your property?

Bond Wolfe offer in-person or virtual valuations.

They will then work with you to come up with a reserve price that you are happy with, and you can then decide whether you’d like to move forward.

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How long is the contract with Bond Wolfe?

The contract runs up until the auction date.  It extends for an additional 2 weeks if the property fails to sell.

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More info coming soon!

We're adding more information all the time. Check back soon, or contact us right now for advice. Hit one of those big buttons to get started.

Bond Wolfe Auction Events & Results

Showing last 12 months of auction results. Use the tabs above to see Upcoming Auctions.

13
Jul
2023
Thursday 13th July 2023
Online Only
 • 
10:00 am
Awaiting Results
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185 Lots Offered
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146 Sold
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£22613050 in Value*
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79% Success Rate

* = Estimated based on sold prices available

Showing upcoming auction events.

No items found.