20th February 2020
Love in the air for refurbishment properties at Derby auction
There was some excited bidding at SDL Auctions Graham Penny’s first Derby auction of the year, which drew in a huge crowd and was filmed by the BBC for Homes Under the Hammer.
After a signed Derby County shirt was auctioned for the Make A Wish Foundation, raising £280 for auctioneer Andrew Parker and his wife Rachael’s London Marathon fundraising efforts, the property auction got under way with the sale of 35 Eyres Gardens in Ilkeston.
And love was in the air at the Valentine’s Day auction, with some passionate bidding leading to the two double bedroomed end-terraced property selling for £72,000 from a *guide price of £25,000+.
Requiring refurbishment, the property is tucked away in a quiet location but within easy reach of Ilkeston town centre. It has two reception rooms and a kitchen on the ground floor, two double bedrooms and a bathroom upstairs, with the potential for a loft conversion, subject to the necessary planning permissions. Outside is a generous rear garden.
Auctioneer Andrew Parker dropped the hammer time and again, sealing the deal for dozens of buyers. At the end of the day, 86% of lots had sold and £3m had been raised for sellers.
And refurbishment properties drew particularly enthusiastic bidding; another was 14 Eton Street in Wilmorton, which sold for £90,000 from a guide price of £35,000+.
Located in a popular cul-de-sac close to Pride Park, the two bedroomed mid-terraced property has double glazing and gas central heating and comprises two reception rooms and a kitchen on the ground floor, cellar access and, upstairs, two double bedrooms and a bathroom. A shared passageway leads to an enclosed garden.
In the centre of Willington, 26 Castle Way is a double-fronted cottage which charmed bidders and sold for £146,000 from a guide price of £128,000+.
The cottage requires minor improvements but has much to offer, including double glazing and gas central heating, as well as a full-depth lounge, full-depth kitchen diner with utility room and, upstairs, three bedrooms, one of which has an en suite shower room, plus a family bathroom. It has a low-maintenance garden at the rear.
The property is conveniently placed for the railway station and for commuting to Toyota, the A50 and the city of Derby.
A romantic cottage for two was one of the most highly sought-after lots of the day. 66 Main Street in Horsley Woodhouse is a one bedroomed end-terraced character property requiring refurbishment but retaining its original exposed ceiling beams. Set well back from the road on a wider-than-average plot, it has the potential to extend or create a small building plot, subject to planning permission. It sold to a telephone bidder for £130,500 from a guide price of £75,000+.
The final lot of the day was also one of the most eagerly anticipated; a two bedroomed house in Quarndon with an attractive guide price of £125,000+, which is unusual for the popular village where few properties have sold for less than half a million pounds in recent years.
Buyer James Hunt-Dawson, who purchased 53 Church Road in Quarndon for £162,000, said it was the location which attracted him to the property.
James said: “Anything in this postcode commands a high price, and it’s in Ecclesbourne School catchment area, so Quarndon is the place to be.”
James, of Riber Property Company, plans to refurbish the property and hopes to have it ready to let to tenants within six months.
Auctioneer Andrew Parker was delighted with the day’s results and said: “We had a fantastic day at Pride Park Stadium, where we always get a great reception from bidders, but this time the room was even more packed than ever. We achieved an excellent success rate for our sellers and it just shows that a property doesn’t have to be in top condition to attract interest from serious buyers.”
The auctions team are now on the lookout for properties to sell in the next Derby auction, to be held at Pride Park Stadium on Thursday 26th March, and to sell online at any time. To find out more about the different types of auction, or to request a free no-obligation auction appraisal of your property, click here or call 01332 242 880.