10 Downing Street address unsold after auction in Sutton

10 Downing Street in Sutton failed to sell at auction
10 Downing Street in Sutton failed to sell at auction

A Sutton house which shares its address with the Prime Minister’s home failed to attract a buyer when it went up for auction.

Number 10 Downing Street in Sutton had a bargain guide price of just £40,000 when it went under the hammer on Thursday at Graham Penny Auctions’ Nottingham Racecourse sale.

An opening offer of £38,000 was made on the three-storey two-bedroom end-terrace house, but bidding stalled at £41,500 and the lot was withdrawn as it had not reached the reserve price.

Chrissie Walker, marketing manager of Graham Penny Auctions in Nottingham said: “We don’t really know why it didn’t sell. It could be that the right people weren’t in the room at the time of the auction.

“There is an existing tenancy agreement and that could have put a few people off but it’s difficult to know.

“We’re continuing to market it and we have had a lot interest since the auction.”

The famous address came on to the market six weeks ago and will remain for sale with Graham Penny Auctions for the next three weeks.

Vejay Pal, senior valuer at Graham Penny Auctions, said: “It’s not every day you see 10 Downing Street for sale. This clearly isn’t the head of government’s home but we’ve received a huge amount of interest in the property – no doubt in part because of its better-known double.

“The lot itself is an ideal investment property benefiting from gas central heating and double glazing. It does require some improvement but, with a little effort, it could produce a healthy return for a property investor or landlord.”

The property has two double bedrooms, around 670sq ft of space and a courtyard garden.

The estate agent is now taking entries for their next auction in October.