December Auction Round Up

The Pugh auction team has had a busy and successful year, selling over 450 lots and raising over £60m on behalf of our clients and joint agents. But, as 2023 comes to a close, we were determined to go all out for an incredible December auction!

And what an auction it was. From council premises to railway lines and a plethora of residential and commercial investment opportunities, our December auction really gave it all!

But don’t be sad because it’s over for the year. There are still a few unsold lots for you to browse through on our website or our newsletter to keep you busy. In the meantime, let’s take a look at some of the properties that did sell this month.

A development opportunity in Doncaster

While plenty of the properties we sell at auction are ready to be utilised right away, some require a degree of repair and renovation, which many of our buyers utilise as an investment opportunity.

One such example was this development opportunity comprising a block of twelve, two bedroom apartments in Doncaster with a guide price of £170,000. Despite only being part complete, the property proved extremely popular on the day – wracking up a total of 197 bids and selling for a staggering £668,000.

A Character Cottage Full of Potential

We often come across numerous homes and flats for sale at our auctions. However, cottages are not always as common, which makes them highly sought after when they do feature,

Last month’s auction was no exception, featuring this charming character cottage situated on the sough-after and picturesque Firwood Fold in Bolton, which sold for £123,000.

Whether it’s intended to be used as owner occupation, renting or as a holiday home, we can be sure the residents are in for a cosy little hideaway where they can enjoy the scenic location.

Former Council Premises

Moving over to Leeds for our next sale we have a substantial building in close proximity to Leeds city centre, which was formerly used as council offices and court chambers. As expected the property proved popular on auction day, receiving over 50 total bids and eventually selling for £364,000.

Land with development potential

Lastly, we have this rectangular shaped parcel of land in Bury. Part of the excitement of selling land at auction is seeing what the buyer eventually ends up using the land for.

This particular plot previously had approved planning for 5 shops, 1 café and 9 apartments which has since lapsed. However, seeing what potential there is based on previous planning applications, we look forward to seeing what this land, which sold for a total £333,000, will be used for in the future.

See you next year!

We would like to thank you all for your continued support and hope that you’re looking forward to another year of what is sure to be full of exciting auctions, with our first of 2024 taking place on Wednesday 31st January.

We wish you all a happy holiday season and look forward to getting started again in the New Year.