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Hammer time in Leicester sees auction year begin in earnest

The new auction year has begun in earnest for SDL Auctions Graham Penny, with the first room auction of 2020 taking place at the King Power Stadium in Leicester.

Getting the auction off to an enthusiastic start was the first of several terraced properties to sell under the hammer. Originally a two bedroomed property, 14 Henton Road in Leicester, has been altered to provide three smaller bedrooms and sold for £116,000 from a *guide price of £100,000+.

Auctioneer Andrew Parker said it was a great investment: “As well as having the honour of being our first room auction purchaser of the year, the buyer is now the proud owner of an excellent property, which is well placed for both the hospital and university so is perfect for the rental market.”

Properties of all sizes and styles were sold at the auction, which featured lots to suit all budgets, from a single lock-up garage to the rear of 28 Rushey Close in Rushey Mead – which sold for £5,500 from a guide price of £2,500 – to spacious family homes.

One of the family properties which proved popular with bidders was 14 Hallam Crescent East in Braunstone, which sits in a tree-lined street close to shops, amenities and the popular Braunstone Park. Having gas central heating and UPVC double glazing but requiring some cosmetic modernisation, the semi-detached house will make an excellent family home or rental property. It sold for £142,500 from a guide price of £130,000+.

Attracting the attention of investors and developers was a detached bungalow in Syston, which has the advantage of planning permission for a one bedroomed detached annexe at the rear.

69 Sandford Road in Syston is a spacious property featuring a reception hallway, cloakroom, lounge/dining room, kitchen, bathroom and three bedrooms, the master having an en suite. It has a front garden and two double garages at the rear which are ideal for the planned development.

The property, which is well placed for town centre amenities, road links and within a few minutes’ walk of the railway station, sold for £170,000 from a guide price of £165,000+.

43 Norwich Road in Leicester was one of the apartments offered for sale at the Leicester auction. The top floor three bedroomed apartment requires modernisation but offers spacious accommodation and a single garage to the rear, which could be let separately at around £50 per calendar month. The apartment itself could achieve a monthly rent of £600. It sold for £85,000 from a guide price of £69,000+.

Andrew said: “These properties are all very different but all sold well at our first Leicester auction of the year. Many of our buyers are keen developers and investors, always looking for an opportunity to add value to a property. So if you have a property to sell, don’t worry about its condition – give us a call and we’ll give you a free, no-obligation auction valuation.”

The team are now accepting entries into the next Leicester auction, which will take place at the King Power Stadium on Friday 27th March. Properties can also be sold at any time via online auction. To find out more, or to request a free auction valuation, please click here or call 0116 254 9654 to speak to the auctions team.