SDL Auctions Graham Penny raises £1.95m in Leicester auction

A seven bedroom villa was the stand out result in SDL Auctions Graham Penny’s April Leicester auction at the King Power Stadium.

The property at 15 Westcotes Drive in Leicester went under the hammer with a *guide price of £200,000+ but after competitive bidding it sold for £301,000.

A house of multiple occupation (HMO) over three floors, it was described by Carl Finch, senior auction valuer at SDL Auctions Graham Penny, as a great buy-to-let investment which could bring in a rental income of around £28,000 per annum, giving a return of close to 10 per cent.

Other properties that sold well included the first lot, 3 Little Meer Close in Thorpe Astley, a spacious detached four bedroomed house. It had a guide price of £175,000+ and sold for £245,000.

Another HMO, 2 Marfitt Street in Belgrave, had a guide price of £160,000+ and sold for £178,000.

An investment opportunity which sold well was 44 Victoria Road in Coalville, a five bedroomed semi-detached property at the end of a quiet cul de sac with a guide price of £135,000+ which finally sold for £150,000.