A strong demand for residential stock contributed to proceeds of over £6.1m being generated at the latest Eddisons Property Auction.
At the two day sale held in Leeds and Manchester 90 (80%) of the 112 lots offered were sold.
Eddisons reported that interest in the residential stock was in response to sensible pricing which had been set to reflect current market conditions.
Tony Webber of Eddisons said: ‘With bank lending remaining difficult we advised vendors to set prices at realistic levels.
‘This encouraged multiple bidding for many of the lots which drove prices beyond their original guides.
‘It is clear residential property remains the preferred long term investment of choice for many people.’
Highlights of the sale included a vacant former farm and outbuildings in Wakefield which was sold on behalf of Wakefield Metropolitan District Council for £162,000 off a guide price of £100,000 plus.
Old Park Farm on Welbeck Lane includes a farmhouse which is in need of renovation, a barn and various derelict stables.
Meanwhile a vacant Doctor’s surgery in Batley was sold for £190,000.
The former Undercliffe Surgery was offered with planning consent for conversion to two houses. It had previously been marketed at £275,000.
A number of pubs across Yorkshire and Derbyshire offered by Punch Taverns, including the Rising Sun in Thorne, were also snapped up by individual buyers at prices above their original guides.
The next sale takes place on September 16 at Leeds United Football Club, Elland Road, Leeds, and at The Fairways Lodge and Leisure Club, Prestwich, Manchester on September 21.