£4m raised in SDL Graham Penny Derby auction room

24th October 2016 – SDL Graham Penny, the new name for the most successful auctioneer in the East Midlands, raised £4m for vendors in Derby last week at its latest city auction.

To view the results from the Derby October auction click here

The auction, on Thursday 20th October at the iPro Stadium, saw a catalogue of 60+ lots including residential property, commercial property and land lots offered under the hammer in front of a busy auction room of hundreds of bidders.

Andrew Parker, auctioneer and managing director, commented: “With over 300 people filling the room, most of which were registered to bid, plus the Homes under the Hammer TV crew there was a great atmosphere in the auction room.”

Amongst the properties selling well in the auction room at the iPro Stadium were:

  • 25 Cambridge Street in Spondon – a three bedroomed semi-detached house requiring a scheme of improvements which sold for £106,000 from a *guide price of £65,000+.
  • 14 Elm Drive in Hilton – a two bedroomed dormer-style property which had a guide price of £85,000+ and sold for £123,000.
  • 219 Nottingham Road in Somercotes – a palisaded two double bedroomed mid-terraced property in need of a comprehensive scheme of improvements which sold for £55,500 from a guide price of £39,000+.
  • 17 Lyncroft Avenue in Ripley – a traditional three bedroomed bay fronted semi-detached house which sold for £106,500 from a guide price of £75,000+.

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’ve now raised over £35m for our vendors in Derby so far this year and more than £100m across the SDL Auctions network. We’re now inviting entries for our final auction of the year and are offering free valuations for anyone looking to sell under the hammer.”

To request a free auction appraisal or the Derby December auction click here or call 01332 242 880


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