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Results for 10 November 2009
*AUTUMN SALES HOLD FAST*
Mark Jenkinson and Son's November sale saw a large crowd and ready bidding at Sheffield United's Bramall Lane Platinum Suite writes auctioneer partner Paul Hough.
The original catalogue of twenty – six lots had been reduced by two withdrawals and a further two sales agreed prior to auction.
The first eight lots mainly comprised small vacant houses in need of attention in Sheffield and Chesterfield. All were quickly sold with prices ranging from £61,000 to £99,000. A vacant workshop and yard at Effingham Road, Sheffield 4 was competitively bid to £125,000 and a small portfolio of freehold ground rents on flats at Old Whittington Chesterfield sold for £12,500 for an income of £960 per annum reflecting a gross yield approaching 7.7%.
A residential investment at Morrison Avenue Maltby Rotherham sold close to guide at £53,000 and as expected the house at Oakwood Road, Rotherham, in need of total modernisation sold very well at £120,000. Also in the Rotherham area a bay windowed terrace house at Wath – Upon – Dearne exceeded reserve to sell for £66,000.
Two houses which were always going to sell well were situated in Nile Street and Ventnor Place, Sheffield. The former located close to Sheffield University and the Hallamshire Hospital, the latter in an old established residential area. Both were in need of renovation. Nile Street sold for £191,000 and Ventnor Place achieved £175,000. Both well above reserve.
For further information on the sale results and details of availability of remaining lots please go to www.markjenkinson.co.uk where full information can be found in respect of the 2010 calendar of auction sales which Mark Jenkinson and Son have planned.
The last sale of 2009 will be held on Tuesday 8th December and a full catalogue of 32 lots has been prepared.
Adrian Little and Mark Renshaw are now busy assessing potential lots for the first sale of 2010, to be held on January 26th . A number of instructions have been confirmed and Adrian and Mark would be pleased to discuss further entries with you. Deadline date for that sale is December 11th .
Mark Jenkinson and Son is the most experienced and successful property auctioneering practice in the area with a huge knowledge of the local and regional market. Advice is freely available and both Adrian and Mark would be happy to discuss your requirements for disposal in the new year, 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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