9th December 2016
2016 Derby auction calendar ends on a £5m high
9th December 2016 – SDL Graham Penny, the new name for the most successful auctioneer in the East Midlands, concluded its Derby auction calendar in style this week by raising over £5m.
To view the results from the Derby December auction click here
The auction, on Wednesday 7th December at the iPro Stadium, saw 58 lots offered under the hammer with over 80 percent selling, including six lots which sold for more than 90 percent higher than their guide price.
Andrew Parker, auctioneer and managing director, commented: “We had an incredibly busy auction room this month at the iPro Stadium with dozens of bidders keen to get their hands on their next purchase. That interest in the room helped to drive up our sale prices and resulted in lots of happy vendors on the day. One property even sold for double its £200,000 *guide price.”
Amongst the lots selling well on the auction day were:
- 88 Longford Street in Derby – a two double bedroomed mid-terraced property in need of a scheme of modernisation which sold for £128,500 from a guide price of £75,000+
- 37 Mead Crescent in Stapenhill – a two double bedroomed ground floor flat requiring a scheme of improvement. It had a guide price of £25,000+ and sold for £56,000
- Bluebelll Wood in Breadsall Village – 6.39 acres approximately of idyllic mixed woodland with meandering brook which had a guide price of £12,000+ and sold for £27,000
- Old Quarry Wood in Belper – a charming stone-built detached dwelling which sold for £400,000 from a guide price of £200,000+
Since inception in 2006, SDL Graham Penny has sold more than 5,000 lots across the East Midlands and raised over £500m for clients. Formerly Graham Penny Auctions, it joined the SDL Group in early 2016, making the SDL Auctions network the fourth largest in the UK and the biggest outside of London.
Andrew added: “We are already looking ahead to our first 2017 auction on Friday 24th February and encourage anyone looking to sell to get in touch with us now for a free valuation and to maximise marketing time for the property.”
To request a free no obligation property appraisal click here
*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions click here