There were some signs of improving investor sentiment at Mark Jenkinson’s 2 November auction.
Thirty-eight out of 55 lots sold at Bramall Lane stadium in Sheffield, reflecting a 71% success rate and raising £3.3m.
Post-sales pushed up results to 77% and totals to £3.6m.
According to auction director Adrian Little, smaller investment lots producing yields of 8-10%, and small plots of land with planning, proved to be popular with buyers.
A site in Grassmoor, Chesterfield, sold for £122,000 off a guide of £50,000-£75,000 on behalf of Derbyshire county council.
“There was a feeling of business as usual about the day,” said Little. “Traditional auction stock, and properties that need upgrading and modernising, are selling extremely well around the Sheffield area, but lots that are priced at above £500,000 and require funding are still proving to be difficult.”
