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Hot properties help Derby’s auction year go out with a bang

Friday the 13th proved to be an auspicious day for buyers and sellers alike at the final Derby auction of the year for SDL Auctions Graham Penny.

In front of a packed auction room at Pride Park Stadium, auctioneer Andrew Parker sold a variety of houses, flats and commercial properties, raising £3m for sellers.

First to go under the hammer was 27 Davenport Road in Derby, which had attracted a lot of interest before the auction and drew enthusiastic bidding, selling for £68,500 from a *guide price of £35,000+.

The two double bedroomed end-terraced property requires full modernisation but has good-sized rooms and the potential for a loft conversion, subject to planning permission.

Andrew said: “It’s easy to see why this property was so popular. It’s in a great location, within easy reach of Pride Park and the city centre, and once renovated, it will make a great first home or rental property which is sure to be in demand.”

Another interesting property project which sold at the auction was 7-9 Stables Street in Derby, which has been converted into two self-contained one bedroomed flats, which now require upgrading.

A communal entrance hall leads to the ground floor flat, which features a lounge, bedroom, kitchen and bathroom with shower. Upstairs, the second flat features an open-plan living kitchen, a double bedroom and a bathroom with shower. Outside is a low-maintenance rear garden. The property sold for £94,500 from a guide price of £50,000+.

Buyers looking for a property they can move into or rent out immediately were catered for, too, with one example being 5 Arthur Street in Derby, a popular cul-de-sac location within walking distance of the city centre and Darley Abbey Park.

The two double bedroomed mid-terraced property is well presented and has well-proportioned accommodation, including two reception rooms, an upstairs bathroom and the potential for a loft conversion, subject to planning permission. It sold for £124,000 from a guide price of £115,000+.

Among the commercial properties which sold at the auction were two on the same prime city centre street.

43 Wardwick in Derby is a three-storey spacious former office suite with 13 separate rooms, making it ideal for conversion to residential/student accommodation, subject to planning permission. It sold for £135,000 from a guide price of £75,000+.

And in the same parade of Grade II listed buildings, 49 Wardwick in Derby, a freehold ground-floor Grade II listed commercial property currently let to a newsagent’s business, sold for £61,000 from a guide price of £55,000+.

Andrew added: “What a great way to end a fabulous year of auctions at Pride Park Stadium. Once again, there was a wonderfully vibrant atmosphere in the auction room and we were delighted to get some excellent prices for our sellers. It is also satisfying to know that the path to completion will be hassle-free and quick, in most cases taking place in mid-January, which is good news for both buyers and sellers.”

SDL Auctions Graham Penny is already looking ahead to next year, with sellers already booking their properties into the first Derby auction taking place on Valentine’s Day, Friday 14th February.

Selling at auction is fast, transparent and straightforward; for more information or to request a free no-obligation auction appraisal of your property, call 01332 242 880 or click here.