The March auction featured a catalogue of 26 varied lots including residential property, commercial property, development land and others which raised over £1.4m for Graham Penny Auctions customers.
Carl Finch, Graham Penny Auctions Leicester branch manager, commented: “Now the clocks have gone forward many people have that spring in their step. There is an appetite from investors to buy and we are achieving excellent sale prices for our vendors.”
Graham Penny Auctions is already marketing a number of residential properties entered into its May auction, many of which are ideal for investors and landlords, including:
• 227 & 227a Welford Road in Knighton Fields – a two bedroomed terraced house converted into two self-contained luxury flats currently achieving £400pcm each. The guide price is £125,000+.
• 35 Havelock Street in Loughborough and 37 Havelock Street in Loughborough – both four bedroomed student houses achieving an income of £16,640 each. Both lots have a guide price of £125,000+.
• 36 Sykefield Avenue in Leicester – an end villa converted into two flats with the ground floor let at £400pcm. There is off road parking to the rear and the guide price is £125,000+.
Graham Penny Auctions acts for both private individuals and institutions selling a wide range of interests, from investment properties and vacant houses to building plots, commercial properties and others. Since it launched its dedicated Leicester auction centre last year, Graham Penny Auctions has sold more than £6.1m of properties for its customers.
Carl added: “We’re seeing a lot of instructions from areas like Evington, Loughborough and Coalville. These areas tend to have a high volume of rental properties which are ideal for sale by auction. We have a database of local and national investors and landlords who are looking for properties in our area.”
To view the current list of properties registered for the 7th May auction visit the website at www.grahampenny.com or to request a free property appraisal call 0116 254 9654.
