Eddisons’ Leeds auction generates £3m in property sales

Eddisons, a Leeds based auctioneer, recently generated proceeds of nearly £3m, after selling 29 of the 37 lots at its latest auction.

Some of the highlights during the auction, held in Leeds, included a Virginia Cottage, a vacant five bedroom property arranged for multiple occupancy in the Roundhay area of Leeds, being sold for £175k off a guide of £150k plus.

The property has previously generated annual rental income of £18.6k.

Furthermore, a tenanted residential property in Harehills, which includes a two bedroom house and a self-contained studio flat producing £9k per annum, was sold for £65k achieving a return of nearly 14%.

Residential development opportunities included a vacant parcel of land at The Blossoms in Methley with planning for a three storey, four bedroom townhouse, which sold for £50k. A 0.10 acre site in Bradford with planning for two detached houses achieved £85k.

In addition, a strip of land extending to 0.75 acres in Northallerton sold for £115k.

The land at Hailstone Moor, two miles west of the town, has previously had planning permission for a leisure plot and as a residential site for a single travelling family.

Several lots sold prior to the sale included a former Methodist Chapel on Doncaster Road in Ferrybridge, which was built around 1878.

Robert Limbert, associate director and auctioneer at Eddisons, said: “There was good bidding across all categories, with very little escaping the interest of investors and developers.”

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