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Sheffield Property News

Mark Jenkinson and son tops Yorkshire & Humber sales tables for 2019

28th February 2020

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Mark Jenkinson and son has topped the Yorkshire and Humber results tables for 2019 with sales of more than £32million – in the same week its second auction of 2020 saw lots selling for a total of £3.85 million.

Mark Jenkinson and son recorded the best results in Yorkshire and the Humber for 2019, in a report published by Essential Information (EI) Group.

Following January's £2m auction, our second auction of 2020 saw 28 of 30 lots sell for £3.96 million, a 93 per cent success rate.

Several 'properties with potential' were sold including a detached bungalow on Hathersage Road in a 0.44-acre plot in Dore, Sheffield with structural issues and a guide price of £350,000 which went for £445,000.

Also going under the hammer at the auction, held at The Platinum Suite, Sheffield United Football Club, was a fire-damaged inner terrace house in need of complete modernisation on Springvale Road in Crookes which sold for £152,000 against a guide of £95,000 plus.

A period detached house on Doncaster Road in Rotherham attracted strong bidding before selling at £330,000.

Lots were also sold on behalf of five different Local Authorities, including an industrial plot with ground rent of £17,643 – a yield of 5.2 per cent – offered on behalf of Hull City Council selling for £339,000.

A former Community Centre in Barton-Upon-Humber in 0.54 acre with potential for residential development, was offered on behalf of North Lincolnshire Council, and sold for £311,000 – more than double the guide price.

Adrian Little, Head of the Auction Department, said: "This auction was extremely busy and saw some outstanding individual results.

"Our two sales so far this year reflect a confident market and a shortage of 'properties with potential' to meet the ever-increasing demand from builders, developers and investors, large and small.

"It is encouraging to see strong demand for land, particularly sites being offered without planning, where buyers can start from scratch and work up suitable residential schemes."

Our next auction will be held on at 2pm prompt at Sheffield United on Tuesday 7 April.

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