Graham Penny Auctions on the look out for more properties

Warren Lewis
22nd September 2014

Graham Penny Auctions is looking for terraced houses, family homes, detached properties and more to be entered into its next Derby auction on Thursday 23rd October.

The last auction earlier this month saw Graham Penny Auctions raise over £5.7m for its vendor clients through the sales of dozens of residential properties of all types and styles. These results highlight that the residential property market is continuing to prosper for first time buyers, individuals, families and investors alike.

Andrew Parker, director at Graham Penny Auctions, commented: “A number of terraced, semi-detached and detached properties sold well in our auction room earlier this month and we’re hoping to continue this momentum into our October auction.

“We found that several of our buyers travelled to the auction room from outside of Derbyshire to purchase their new properties. We not only market all our properties locally but also nationally, significantly increasing the potential buying audience and ensuring we achieve the best market price for our lots.”

Amongst the entries received so far for the Thursday 23rd October auction are:

• 47 Nunsfield Drive in Alvaston – a traditional bay windowed semi-detached house with scope for some superficial improvement and a guide price of £90,000+.

• 88 Brunswick Street in Derby – a traditional three bedroomed end-terraced house which has been continuously repaired and updated over many years of letting, but now offered with vacant possession. The guide price is £60,000+.

• 22 West Bank Avenue in Derby – an extremely individual three bedroomed detached property with scope of updating according to personal taste which has a guide price of £175,000+.

Andrew added: “The attraction of buying a property at auction is that it’s a straightforward, transparent and quick process. On the fall of the hammer, the sale is secure, contracts are exchanged and the sale is completed within a month. Then the new owner can start reaping the benefits of the addition to their property portfolio.”

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