£2.8m raised at latest Nottingham auction

20th March 2017 – SDL Graham Penny, part of SDL Auctions one of the UK’s largest auction networks, held a successful second Nottingham auction last week raising more than £2.8m in sales for vendor clients.

To view the results from the Nottingham March auction click here

The auction, on Thursday 16th March at Nottingham Racecourse, saw a busy auction room of bidders take part in some exciting and competitive bidding which resulted in more than 30 lots selling under the hammer including residential and investment properties, commercial properties, development sites, building plots and land.

Andrew Parker, auctioneer and managing director, commented: “Our auction room last week had a real air of excitement in it. There were hundreds of bidders hoping to see the gavel fall on their last bid and several vendors eagerly anticipating a good sale price on their properties.”

Amongst the properties selling well in the auction room were:

  • 91/93 Springwell Street in Huthwaite – a traditional detached residence which has been split into two flats sold for £93,000 from a guide price of £72,000+
  • 113 Helston Drive in Strelley – a three bedroomed semi-detached house requiring upgrading and modernisation which had a guide price of £55,000+ and which sold for £89,000
  • 16 Campbell Grove in Nottingham – a three bedroomed, three storey mid-terraced property which sold for £105,000 from a guide price of £68,000+
  • 15 Southfield Road in Nottingham – a traditional bay-fronted three bedroomed detached house requiring upgrading and modernisation which sold for £136,000 from a guide price of £115,000+

In 2016, the SDL Auctions network, sold over 1,300 lots and raised more than £150m in sales for vendors, including £70m in the East Midlands through SDL Graham Penny. It sells a wide range of residential and commercial properties on behalf of both private individuals and corporate clients.

Andrew added: “Our auction started and finished with lots 1 and 42 selling particularly well along with many others. We are now inviting entries for our next auction, a special investor auction at the Nottingham Belfry Hotel on Thursday 4th May.”

To request a free no obligation auction appraisal and valuation for the special investor auction at the
Nottingham Belfry Hotel on Thursday 4th May click here or call 0115 958 8702.

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions click here