23rd December 2019
It’s a wrap: hammer falls for the final time this year at Nottingham property auction
Nottingham Racecourse rang out to the sound of the hammer falling for the last time this decade, signalling the sale of a Westwood bungalow by SDL Auctions Graham Penny.
A renovation project with four bedrooms, 209 Main Road in Westwood was the final lot of the auction, selling for £170,000 from a *guide price of £128,000+. The spacious detached bungalow has an entrance hall, lounge, open plan kitchen/dining area, conservatory/garden room, four bedrooms and a bathroom, with driveway and gardens.
Auctioneer and managing director Andrew Parker said: “This was a fantastic project to end another great year of auctions at Nottingham Racecourse. The new owner has plenty of scope to add value to this bungalow and create a fabulous home or rental property in a sought-after location.”
Properties sold earlier in the auction included an end-terrace in Mansfield which was the first lot of the day and got the auction off to a great start by selling for £44,000 from a guide price of £35,000+.
The two bedroomed 8 Derby Street features an open-plan living area on the ground floor, two bedrooms upstairs and a rear yard outside and would make an excellent rental property once refurbished. When completed, it could be let for around £500 per calendar month.
It was followed by a second terrace requiring work. 49 Rydal Grove in Basford, which sold for £75,000 from a guide price of £68,000+, is in need of cosmetic improvement but has a potential rental income of £625 per calendar month. The two bedroomed mid-terrace has two reception rooms, a modern kitchen and bathroom.
Andrew said: “This is in a great location, with easy access to both Bulwell and Nottingham city centre with bus and tram stops nearby, making it exactly the sort of property which does well on the rental market. But equally, it would make a great home for an owner-occupier. An excellent buy.”
There were flats sold under the hammer, too, including one in the popular Lady Bay area of West Bridgford.
Flat 3, 18 Lady Bay Road, is a one bedroomed leasehold apartment in a period property conversion, with a reception hall, dining kitchen, bedroom and bathroom. It has the potential to realise a monthly rental income of £750 and sold for £83,000 from a guide price of £68,000+.
Further afield, a seaside retreat near Margate is the ideal “get away from it all” property, being within walking distance of sandy beaches. Flat 10, 30 Norfolk Road in Cliftonville, Margate is a studio flat with a lounge/bedroom, kitchen/diner and bathroom, just a short walk along the coast from Margate Old Town. It sold for £55,000 from a guide price of £30,000+.
Andrew added: “We have some very happy sellers and buyers, who have secured a deal before Christmas and can head into the new year confident that their transactions will be fast, smooth and hassle-free, with completion taking place in January.”
The auctions team are now on the lookout for properties to sell in the first Nottingham auction of 2020, which takes place on Friday 28th February at Nottingham Racecourse. To find out more about selling at auction, or to request a free, no-obligation auction appraisal, click here or call 0115 958 8702.