Top prices gained as busy Derby auction nets £5 million

Impressive prices were gained for a wide range of properties and land after a busy day of bidding at SDL Auctions Graham Penny’s latest Derby auction.

More than £5 million was raised from selling 46 of the 61 lots offered making a great success rate of 76%.

One of the best results was for a three-bedroomed detached house at 86a Schofield Street, in Mexborough, South Yorkshire which sold for £56,000 – well over twice its guide price* of £25,000.

There was also keen interest shown in four other lots which all sold for prices well over 50% of their guide price.

Land at Upper Hollow, in Littleover sold for £131,000 against a guide price of £75,000, and a detached former shop with accommodation at 142 Dale Road, in Matlock sold for £134,000 against a guide price of £84,000.

Meanwhile, a two-bedroomed semi-detached house at 10 Chadwell Way in Stoke-on-Trent sold for £59,000 against a guide price of £38,000, and a two-bedroomed terraced house at 131 Main Road, in Shirland, Alfreton sold for £53,500 against a guide price of £35,000.

Andrew Parker, auctioneer and managing director at SDL Auctions Graham Penny, said: “We were pleased to see such a busy auction room and were delighted to generate such high prices for so many different lots.

“Overall, the average price gained was 25% higher than guide prices, which just shows how successful our auctions are.”

The highest price at the Derby auction was £336,000 raised for the former council offices based in a late-Victorian semi-detached property at Eastmead, 107 Duffield Road, in Derby, which had a guide price of £295,000.

The next SDL Auctions Graham Penny date at Pride Park Stadium is Thursday 21 September, and lot entries are invited now. For a free auction appraisal by the Derby team, call 01332 242 880, email derby@sdlauctions.co.uk or visit the website at www.sdlauctions.co.uk.