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Graham Penny raises £5m in Derby

 


Graham Penny offered its ­largest catalogue in two years at Derby’s Pride Park stadium on 12 February.


 


The sale raised £5.2m after 64% of 97 lots were sold.


 


Auctioneer Graham Penny said: “The result was fairly patchy, although reasonably encouraging. Several properties fetched more than 50% above their reserves, while others, although having a significant number of pre-auction viewings, failed to attract bids, which was very strange. We need good-quality lots – but they are fairly hard to come by.”


 


A two-bedroom, detached bungalow with development potential (pictured), in Allestree, Derbyshire, sold for £302,000 off a £175,000-plus guide.


 


A three-storey house in ­Warwick sold for £163,000 off a £125,000-plus guide.


 


A Victorian house in Derby, in need of refurbishment, sold for £122,000 off a guide price of £85,000-plus.


 


estelle.maxwell@estatesgazette.com

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