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Results for 21 April 2009
SPRINGTIME FOR AUCTIONEERS
At a time when the news is still full of gloomy tales of recession, and bankers contemplate re-training in Estate Agency to improve their image, it is good to see investors parting with upwards of £3.4 million on a day when the April sun shone on Bramall Lane despite the Blades losing to Burnley the night before.
Two postponements reduced the catalogue of fifty nine lots to fifty seven on the day. Forty seven were sold to provide a success rate of 82% writes Paul Hough, Mark Jenkinson and Son's auctioneer partner. Importantly those sales now each have a binding contract signed and deposit paid.
A number of regulated tenancy investment properties were offered. These are protected tenancy properties where tenants have the right to occupy for life. Most of them were located in the Rotherham area, with Rawmarsh featuring heavily. Prices varied, but most were in the expected £40,000 to £50,000 range.
As an indication of increasing demand six of the lots which auction co-ordinator partner Adrian Little had catalogued were sold prior to auction date as a result of tempting offers being received.
One Doncaster lot comprised ten commercial properties at Balby. This was sold for £265,000. A mixed commercial / residential part vacant investment property at Kilnhurst Road, Rotherham sold for £58,500 and another part let property comprising a florists shop and living accommodation at Hutcliffe Wood Road, Sheffield achieved a very satisfactory £158,000.
The afternoon saw mainly Sheffield properties on offer. Two houses in Crosspool, an upmarket suburb in South West Sheffield, were expected to sell well and did not disappoint. A semi detached house on Cardoness Road was sold for £179,000 and a detached bungalow at Manchester Road sold for £168,000. Both were in need of refurbishment, and both attracted a great deal of attention. Another semi, described as “delapidated” on Huntley Road sold for £136,500 -well above the guide of £98,000. A detached bungalow at Edmund Road, Bradway was a surprise non – seller as was an attractive farm cottage at Oxspring near Penistone. Two pieces of land with residential planning consent, at Eastwood and Maltby, Rotherham also remain available.
In terms of today's market, a most successful day. This was the third Mark Jenkinson and Son sale of 2009. Adrian has received confirmed instructions on forty – seven lots for the sale on 19th May. That catalogue is now at the printer and will be soon available. Lots are already being considered for the 16th June sale, the entry deadline for which is 8th May.
Full details of all MJS auction sales with full results are listed at www.markjenkinson.co.uk and many prospective buyers are using the MJS email service to receive a downloadable version of the catalogue each month. This is with you earlier than the paper version. Simply contact the firm with your email address to register.
For the right property, sale by auction should always be considered the method of first resort rather than last. Mark Jenkinson and Son have an enviable record and also vast knowledge of the regional market gained over a great many years on the rostrum. Advice is freely available and Adrian Little welcomes your questions, particularly if your interest is in “property with potential”.
The next
sale will be held at the Crucible Theatre on: 21/09/2010.
Catalogues are available either by personal call, or by annual subscription
at nominal cost.
Contact
Adrian Little at Mark Jenkinson and son without delay if you
want to know more about this exciting form of selling, which is
of course ideally suited to "property with potential"
 
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