The record for the highest value of property sold at an auction in Leicester has been broken.

A total of £3.4 million across 27 lots was raised at the latest SDL Auctions Graham Penny event last week. 

According to the organisers, bidding was strong throughout the auction but it seems as though some buyers saved their firepower for the last two lots.

The penultimate lot raised £120,000 from a guide price of £75,000, while the final lot saw the hammer fall at £225,000 from a guide price of £170,000.

Andrew Parker, managing director and auctioneer, said: “The result of our latest Leicester auction shows that investor confidence is high in the East Midlands.

“The auction was incredibly successful. It was the busiest Leicester auction room we have had so far this year and we raised the most we have ever raised at an auction in the city.”

SDL Auctions Graham Penny is now inviting entries for its next auction which takes place on October 6.