Classic unmodernised homes in demand at auction

Classic unmodernised homes in the Woodseats and Hillsborough areas of Sheffield are in demand.

Exceptional levels of interest for the properties in the two districts came at the city's last major property auction of the decade held by Mark Jenkinson and Son, where 30 of the 36 lots sold for £2.75m.

This highly successful auction house also have just reported remarkable sales for the last couple of years – their busiest period since the property crash of 2007 – holding 16 auctions where 502 of the 586 lots sold for £61.65 million, a success rate of 86 per cent.

"It has been a remarkable period," said Adrian Little, Head of the Auction Department. "The figures for December continued the upward trend even though the auction was two weeks before Christmas and just before the General Election.

"We saw exceptional levels of interest for two properties at Woodseats and Hillsborough. We had more than 50 viewings for the vacant terraced houses.

"It illustrated the extremely strong demand for classic, unmodernised homes in Sheffield and, in particular, in these districts."

The property on Woodseats Road, Woodseats, went for £132,000 and the one at Victor Street, Hillsborough, went for £101,000.

The auction also saw:

    intense competition, particularly for commercial ground rents
    a top price of £495,000 for Marlborough House, Marlborough Road, Sheffield

Mark Jenkinson's next auction will be held on January 28th - one of first in the country - at The Platinum Suite, Sheffield United Football Club.

Currently there are 25 lots including –

    South Lodge at Barlborough, North Derbyshire – stone-built Grade II listed lodge at the entrance to Baroborough Hall
    Former Methodist Chapel at Ridgeway – planning for a private dwelling