Fire-damaged property sells for £40k in £4.6m auction

Fire-damaged property sells for £40k in £4.6m auction


Todays other news
It's happening in March at an event in Swansea...
High yields attract investors - but no longer solely in...
All regions seeing positive growth - but one leads the...
It's the sector's first sale-and-leaseback deal...
Most areas of Scotland saw strong activity, even in the...


A fire-damaged house that went under the hammer without a reserve and sold for £40,000 was one of the highlights at Mark Jenkinson and Son’s October auction.

Located in Thurnscoe, Rotherham, the semi-detached house – damaged by fire in 2018 – had a freehold plot of 202 square metres with gardens, a driveway and no reserve. It sold for £40,000 and was one of 30 lots which sold at the auction for a total of £4.66 million.

The top sale at the auction was for Speight House at Stannington. The substantial stone-built detached farmhouse features stables and garages set in approximately 4.99 acres, and sold for £782,000.

There was also considerable interest in garage sites sold on behalf of local authorities, including a lot in Thurnscoe of approximately 0.4 acres with residential potential which went for £172,000 against a guide of £60,000.

Additionally, three lots sold for in excess of £500,000 each, including a two-acre site at Stonegravels, Chesterfield, and an imposing stone-built detached house close to Hallamshire Hospital on Wellesley Road in Sheffield.

In Derbyshire, five dilapidated farmhouse and land lots achieved a total of £458,000, including Ramshaw Farm in Dronfield, set in 3.47 acres, which sold for £210,000 – £60,000 above the guide of £150,000.

Adrian Little, head of the auction department at Mark Jenkinson and Son, says: “This was our best run of three auctions for some time. With July, September and October’s auctions combined we saw 114 of the 129 lots sold for £15.73million – that’s a very healthy overall success rate of 88%.”

“This was Mark Jenkinson’s seventh auction of the year and was a very busy one, putting us in a very good position for our December auction with lots already received from Hull and Bassetlaw Councils.”

Mark Jenkinson’s next auction will be held in the Platinum Suite, Sheffield United Football Club on December 10 from 2pm.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Zoopla expects UK house prices to increase by 2.5 per...
The rate of London outmigration has slowed to the lowest...
The housing market is resilient despite economic headwinds...
Prices and sales volumes will grow in 2025 despite the...
The Budget has forced a revision of forecasts for the...
The Budget next week could spell financial shock for investors,...
Prices and sales volumes will grow in 2025 despite the...
Recommended for you
Latest Features
It's happening in March at an event in Swansea...
High yields attract investors - but no longer solely in...
All regions seeing positive growth - but one leads the...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here