Large apartment block and dozens of homes in next Derby auction

A large apartment block will be auctioned in Derby early next month, along with dozens of houses, commercial property and prime land for development across the Midlands.

Spinney Lodge at Fauld Camp, Fauld, Tutbury near Burton on Trent is currently the largest property scheduled for the SDL Auctions Graham Penny Derbyshire auction on Thursday 8th June.

Spinney Lodge is a substantial, purpose-built apartment block currently containing five one-bedroomed and three two-bedroomed self-contained flats, with a *guide price of £395,000+.

The detached freehold property is in the small rural village of Fauld, close to the popular village of Tutbury, a short commute to the A50 trunk road for swift access to the Toyota car factory, the A30 and Derby.

Robert Stone, valuer at SDL Auctions Graham Penny, said: “Spinney Lodge is a great property with huge potential which we’re expecting to attract a lot of interest from buyers.

“As well as the existing apartments, the property has a spiral staircase leading to a large loft room that could be converted into two penthouse apartments, subject to planning consents.”

Spinney Lodge is currently part let and part vacant, with all flats needing improvements. It lies on a level plot extending to approximately a third of an acre, offering the potential for more development.

The property is well screened by conifer trees, has an in-and-out driveway with plenty of space for car parking, and well-kept lawn gardens to the rear.

Other prime lots at the SDL Auctions Graham Penny auction include:

  •     A detached, four-bedroom house at 12 Thyme Close in Littleover, in a popular cul-de-sac location that backs onto open countryside, with a guide price of £175,000+.
  •     A property at 74 Breedon Street in Long Eaton, currently containing eight bedsits, with a guide price of £185,000+.
  •     A semi-detached, three-bedroomed house at 6 Queens Drive in Littleover, located within the prized Littleover Community School catchment area, with a guide price of £140,000+.