40 Hilton Road, Lanesfield, Wolverhampton, West Midlands, WV4 6DR

Local Authority – City of Wolverhampton Council EPC Rating – TBC

Tom then places a bid at £106,000 and wins the lot as there are no other bids and it is above reserve.

Lots will close sequentially in lot number order, with each lot scheduled to close 5 minutes after it's preceding lot. However, these times are subject to change due to the following reasons:

Withdrawn, Postponed and Sold Prior Lots

If a lot is withdrawn, postponed or sold prior before the bidding has started, the system will automatically bring forward the scheduled end times of all succeeding lots to maintain a 5 minute gap between lots closing.

If a bid is placed within the final 60 seconds of the auction's scheduled end time, the auction will be extended by an additional 60 seconds – known as the 'bidding extension window'.

If a bid is placed in the 'bidding extension window', the countdown clock will immediately reset to 60 seconds again, and the auction will only finish when an entire 60 second bidding extension window passes without any further bids being placed, i.e. 60 seconds of 'bidding silence'.

When an extension window is in progress, the bidding software may push back the scheduled end times of subsequent lots to ensure that lots close consecutively and with a minimum 5 minute duration between each one. When this happens, an advisory note will be displayed on the affected lot(s).

NB : Do not leave placing your bid to the last few seconds. It gives you no advantage, you risk your bid not being received by the server in time and you could lose the lot to another bidder.

NB: Please note that the way the bidding works may vary slightly from auctioneer to auctioneer. We strongly advise you to read the bidding guide for any auction you plan to bid on.