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Auction Report – 6th December

Graham Penny Auctions Derby held their last sale of 2012 at Pride Park Stadium on Thursday 6th December when 68 properties had been entered, many of which had attracted very significant viewing activity and interest resulting in a packed sale room. Several properties sold exceeded their reserve prices by a very considerable margin; in one instance almost doubling it.

Commenting on the sale, auctioneer Graham Penny says that it has rounded off an exceptionally good year for the Derby auction centre. Over £33 million pounds worth of property had been sold, at an average of 77% sales success per sale which was very gratifying. That does not of course include our Nottingham auction centre which having started earlier in the year is now well established and would boost the overall figures significantly. He said that auction remains a very attractive, straight forward and quick method of sale.

Amongst the properties which had met with very strong interest, 26 Darley Abbey Drive, a two bedroomed detached bungalow, severely neglected and in need of a total scheme of renovation sold for £117,000 (off a guide price of £75,000+) and 289 Lambourn Drive, Allestree, a three bedroomed detached bungalow with garage fetched £176,000 (off a guide price of £150,000+).

Amongst lower priced housing, a two bedroomed flat at Appian Way, Alvaston, needing a scheme of complete modernisation and improvement, fetched £57,000 (off a guide price of £32,000+) and 32 Wolfa Street, a two bedroomed passaged terraced house requiring updating sold at £83,500 (off a guide of £55,000+). Amongst other terraced housing, 11 Bedford Street a three bedroomed end terrace with yard and garage/workshop sold at £110,000 and 40 Rugby Street, Wilmorton a two bedroomed older style semi detached house fetched £72,500.

Jacobean House on the Wardwick in the City centre, a magnificent Grade II listed vacant building sold for £250,000.

The sale included some areas of land and vacant sites. 1.3 acres of land adjacent to the Y-Pas Garage at Willington sold for £61,000, and a former County Council Storage Depot at Harrison Drive, Wirksworth sold for £107,000.

The sale also included several investment properties and which were sold subject to existing tenancies, and a number of properties out of the immediate area.

Graham Penny Auctions hold their first sale of 2013 on 14th February for which a number of lots have already been entered. They are taking additional lots through to 18th January.