Local authority properties drive £5m sales at biggest auction of year
Regional local authority properties – including a garage site that went for more than four times guide price – drove sales of more than £5m at the biggest aucti... Read more »
26th February 2014
The much anticipated sale of 254 Fullwood Road in Broomhill took place on Tuesday 25th February at Bramall Lane.
Considerable publicity had been given to the property which appeared on the front page of last week's property paper in the final week of marketing Auctioneer Adrian Little was delighted by the response as the guide price of £550,000 was comfortably exceeded in the room.
The property comprised a large Victorian semidetached that has been extended to provide 5 flats all of which are let producing £39,000.
The sale price represented a gross yield of 6.4%
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