Graham Penny Auctions’ first sale of the year has secured a 70% success rate and more than £1.3m in sales for its clients. The auction saw 27 residential and mixed use property and development land lots go under the hammer in front of a packed auction room of excited bidders.

Newly appointed Vejay Pal, senior valuer at Graham Penny Auctions, said: "There was a really positive attitude in the auction room this month with many of our vendors achieving sale prices above their expectations and several buyers getting their target property under their maximum budget."

Amongst the properties selling in the auction room was 18 Hill View Road in Carlton, a three bedroomed semi-detached property with scope for cosmetic improvement.

The guide price was £78,000-plus and it went under the hammer for £98,500. Also selling well on the day was 10 Myrtle Avenue in Nottingham, a superb investment property with potentially five lettable rooms which had a guide price of £68,000-plus and sold for £87,000.

Vejay added: "The market for rental and investment properties is really thriving at the moment, as our auction results demonstrate.