Renovation projects prove stars of SDL auction
SDL Property Auctions’ June sale offered a number of renovation opportunities, with lots ranging from classic terrace properties to former police stations going under the hammer.
Lot 1, 41 Derby Road in Belper, was one of the most anticipated items. With three bedrooms and room for improvement, the property had a guide price of £88,000+ plus fees. It sold for £192,000, more than double its guide price.
Andrew Parker, managing director and auctioneer at SDL, said: “Properties like these are the kind of thing people come to auction for, and this month was no different. This property really has bags of potential, and it will be exciting to see what the lucky buyer does with it in the coming months.”
SDL Property Auctions’ June sale offered a number of renovation opportunities, with lots ranging from classic terrace properties to former police stations going under the hammer.
Lot 1, 41 Derby Road in Belper, was one of the most anticipated items. With three bedrooms and room for improvement, the property had a guide price of £88,000+ plus fees. It sold for £192,000, more than double its guide price.
Andrew Parker, managing director and auctioneer at SDL, said: “Properties like these are the kind of thing people come to auction for, and this month was no different. This property really has bags of potential, and it will be exciting to see what the lucky buyer does with it in the coming months.”
Elsewhere in Derbyshire, 212 Stenson Road (pictured) was especially unique as it was originally constructed out of four train carriages. Sold in partnership with Hannells, this property made £139,000 off a guide price of £95,000+ plus fees.
Other highlights of the auction included:
A former police station in Shirebrook, benefitting from off-street parking and a number of original features still in situ. Sold for £150,000 from its guide price of £135,000+ plus fees.
467 Charles Road in Small Heath, West Midlands. A three-bedroom terraced property in need of modernisation, estimated to be able to achieve £675 pcm in rental income or £8,100 pa. The property was offered with a guide price of £120,000+ (plus fees) and sold for £141,000.
148 Nottingham Road in Burton Joyce was sold in a timed auction. A four-bedroom detached bungalow in good condition throughout, the property was offered at a guide price of £335,000+ plus fees, eventually selling for £401,000.
July’s national property auction takes place on Thursday 28th July.
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Image courtesy of SDL
