A renewed sense of confidence in the property market following the election result earlier this month saw over £1.25million raised at the latest Savills Nottingham auction with one property selling at twice its guide price.

The Harrington Street property (below), a traditional terrace was offered with restricted viewing at a guide of £20,000 to £25,000. It sold for £58,500.

Bob Crocker, auction co-ordinator and director at Savills Nottingham, said: "This month's auction has yet again shown strong demand for traditional properties, representing an ideal purchase for investors and developers. Two properties offered confirm this; Corporation Street in Mansfield and Harrington Street in Daybrook were both offered in need of refurbishment and both achieved higher than guide. In respect of Harrington Street, the hammer fell on more than twice the confirmed guide price."

Highlights include:

    Corporation Street, a traditional two-bedroom semi-detached property close to Mansfield town centre, sold for £45,000, with a guide of £30,000 to £35,000.

    A detached Grade II listed stone built cottage set on the fringe of Navenby, a Lincolnshire commuter village.

    The sale of a plot of land totalling 0.27 acres (0.11 hectares) situated on Harrowby Lane in Grantham. Guide price £80,000 selling for £89,000