Mansfield homes under the hammer at property auction

Number 77 Kingsway, Kirkby, sold at auction for 65,000.
Number 77 Kingsway, Kirkby, sold at auction for 65,000.

Refurbishment projects in Mansfield and Ashfield were a hit at a property auction.

A property in Kirkby "requiring full renovation" sold for £65,000, from a guide price of £44,000-plus, at SDL Auctions Graham Penny’s fifth Nottingham auction of the year..

Number 589 Chesterfield Road North, Pleasley, sold for 54,000 from a guide price of 52,000-plus.

Number 589 Chesterfield Road North, Pleasley, sold for 54,000 from a guide price of 52,000-plus.

The property, 77 Kingsway, is a bay-fronted two double bedroomed freehold property.

Andrew Parker, auctioneer and managing director, said: “There is always demand for terraced homes from investors and landlords, particularly if there is the opportunity to add value by carrying out renovation work.

"Once completed, the new owner should have no problems selling the property or letting it out as the house is in a great location within walking distance of the town centre, which is sure to tick all the right boxes with both tenants and first-time buyers.”

Another refurbishment property sold at the auction was 589 Chesterfield Road North, Pleasley.

Number 56 Vickers Street, Warsop, sold for 43,000, from a guide price of 35,000-plus.

Number 56 Vickers Street, Warsop, sold for 43,000, from a guide price of 35,000-plus.

The three-storey terrace, with two reception rooms, two bedrooms and an attic room, sold for £54,000, from a guide price of £52,000-plus.

Not all the properties sold were development projects.

A three-bedroom end-terrace house in Warsop was already let at £330 per calendar month..

And the property, 56 Vickers Street, sold for £43,000 from a guide price of £35,000-plus.

Entries are now being invited for the next Nottingham auction, which will be held on Thursday, November 21.

Mr Parker said: "There are many advantages to selling your property at auction.

"We can offer a fully transparent sale, with virtually no risk of the transaction falling through, and you’ll get your money within 28 days of the fall of the hammer.

"It’s fast and hassle-free, which is why so many people prefer to buy and sell property this way.”

To find out more about selling at auction, or to request a free auction appraisal of your property, call SDL on 0115 958 8702.