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Graham Penny Auctions in Derby ends 2013 on a high

6th December 2013 – Graham Penny Auctions, the number one property auction house in the Midlands*, held its last Derby auction of 2013 this week and concluded the year in style with a packed auction room of excited bidders and numerous properties achieving prices beyond all expectations.

The auction, on Thursday 5th December at Pride Park Stadium, saw 61 residential and commercial properties and development land lots offered from across Derbyshire, the wider East Midlands and across the UK with over £4.4m in sales achieved.

To view the full results CLICK HERE

Amongst the many successes were eight properties selling at more than 50 per cent over their guide prices including two detached properties sold on the instructions of Derbyshire County Council. 9 Whysall Street in Heanor (lot 28) had a guide price of £45,000+ and sold for 80 per cent more at an amazing £81,000 while 16 Woolley Road in Matlock (lot 62) had a guide price of £195,000+ and sold for £310,000, 59 per cent above the guide price.

59 Normanton Road in Derby (lot 10), a retail premises with upper floor accommodation and 13 Duffield Road in Derby (lot 22), a four bedroomed Victorian town house both sold for 63 per cent over their guide prices going under the hammer at £62,000 and £155,000 respectively.

In Spondon 7 Croft Close (lot 1), a three bedroomed semi-detached house sold for £108,000, 61 per cent over its guide while another semi-detached house at 11a Havenbaulk Lane in Littleover achieved a fantastic 102 per cent over its reserve, selling at £131,500.

It wasn’t just properties which sold well in the auction, there were also several development land opportunities including building land to rear of 36 Glenwood Road in Chellaston (lot 65) which went under the hammer for 60 per cent over the guide price at £96,000 and the biggest above guide sale was the parcel of land off Moira Road in Woodville, Burton on Trent (lot 44). With a guide price of £20,000+ it sold for 105 per cent more at £41,000.

Graham Penny, auctioneer and director at Graham Penny Auctions, commented: “The auction was a fitting end to a successful year; we achieved plenty of sales this week and the auction room was full of potential buyers and we now have some very happy vendors.”

With 21 auctions per year at Pride Park Stadium in Derby, Nottingham Racecourse and the King Power Stadium in Leicester Graham Penny Auctions dominates the region’s house and property auction market in terms of lots offered, lots sold and revenue raised and continues to stay well ahead of its rivals across the East Midlands.

Graham added: “Many of our investment properties sold particularly well which gives us great confidence going into 2014 that the property market will continue on an upward trajectory. We’re looking forward to our first auction of next year on Friday 14th February 2014 and are taking entries already.” 

To view the full results from the Derby December auction CLICK HERE
and to enter a property into the February 2014 auction CLICK HERE

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*based on essential information group statistics. Based on lots offered, lots sold, revenue raised for 2012.