10th June 2019
Auction buyers plan to breathe new life into old properties
A large end-terraced property comprising three self-contained apartments was one of the stand-out lots at the third Manchester auction of the year for SDL Auctions North West.
30 Lansdowne Road, Crumpsall, Manchester, which currently produces an annual income of £16,140, was the third property to go under the hammer at the AJ Bell Stadium and drew keen interest from investors attracted by the potential for healthy returns. From a *guide price of £170,000+, it sold for £204,000.
A former children’s home and prominent office building in the High Peak is another property with rental potential which attracted enthusiastic bidding. Extending to around 4,570 sq ft and sitting on a site of approximately 0.32 acres, Cromwell House, High Street, Chapel-En-Le-Frith, which was being sold by Derbyshire County Council, has the potential for redevelopment or residential conversion, subject to planning permission. It sold for £289,000 from a guide price of £200,000+.
There’s a new life ahead, too, for a former chapel near Warrington. Baptist Chapel, 31 Charles Street, Golborne, is a single-storey, semi-detached property split into the main chapel, community room, kitchen and vestry, with a small garden on three sides of the building. Its location in a residential area close to the high street gives it excellent potential and from a guide price of £55,000+ it sold for £90,000.
There were residential properties sold at the auction, too, one of the most notable being Sarnau, Clawddnewydd, Ruthin, described by auctioneer Rory Daly as “an absolute belter”.
The three bedroomed detached family home in the Welsh countryside sits on a large plot with outbuildings in an idyllic location, surrounded by open farmland with no immediate neighbours, offering a genuine opportunity to get away from it all. It sold for £264,000 from a guide price of £240,000+.
Rory said: “It will be lovely to see it in all its glory again when the purchaser has worked their magic on it.”
The auction ended on a high note when the final lot of the day, 12-14 Froghall Lane, Warrington, went under the hammer.
There was enthusiastic bidding for the 13 bedroomed former guest house, which Rory described as a “rewarding commercial investment”. The property, which extends to around 8,000 square feet and has parking for around 10 vehicles, sold for £250,000 from a guide price of £185,000+.
Rory said: “It was great to see such a good turnout at the Manchester auction and we were happy to sell so many properties under the hammer, raising over £1.9million and getting the best prices for our sellers and knowing that, for both buyers and sellers, transactions will be transparent, hassle-free and quick, with completion usually taking place within 28 days of the fall of the hammer.”
Entries are now being invited for the next SDL Auctions North West auction to be held in Manchester on Wednesday, 7 August. Properties can also be sold at any time via online auction. To request a free auction appraisal for your property, call 0116 774 7333 to speak to the auctions team or click here.