£4.3m sales drive strongest auction of 2017

20th October 2017

spitewinter SOLD

Auction sales of £4.32m saw Sheffield-based Mark Jenkinson and Son record the firm’s best result of the year to date.

The auctioneer sold 92% of the properties including Spitewinter Farm in Barlow, Dronfield which went for £770,000 - securing Mark Jenkinson’s highest sale price of 2017.

The detached farmhouse, outbuildings and 15 acres of land sold for £170,000 more than its guide price of £600,000.

Adrian Little, Head of the Auction Department, said: “This was our strongest audition of the year so far and the sale of Spitewinter Farm played a big part.

“It represented an outstanding restoration and development opportunity, set in its superb rural location with views in all directions, and even with a reduction of land from 24 acres down to 15.5 acres, it still sold for an impressive £170,00 over the guide price.

“The popularity of unmodernised properties we saw in our previous auction continued, too.

“The demand for unmodernised houses, in particular, is extremely strong at the moment as smaller builders and investors seek out projects to be developing over the winter period in readiness for the Spring market.

“As a general rule 'the worse the better' seemed to be the theme with a two-bedroom semi-detached in need of complete renovation on Tunwell Drive, High Greave listed at £48,000 going for £72,000.”

Modern properties also sold well at the auction held at The Platinum Suite, Sheffield United Football Club including a large semi-detached house on Abbeydale Road South which sold for £323,000.

A detached house in a cul de sac at Fox Hill Close, Sheffield, featuring a well-fitted kitchen and bathroom, and a driveway and integral garage, with a guide price of £78,000 sold for £106,000.

To date this year the Mark Jenkinson and Son auctions have sold 215 of the 247 lots properties for £23.5m with an overall success rate of 87%.

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Email adrian@markjenkinson.co.uk or call 0114 276 0151

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