Signs of recovery in property market

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Signs that the local property market could be heating up were to be seen at Sheffield-based Mark Jenkinson & Son’s latest auction.

Bidding was strong in a packed salesroom and just under £2.3 million was raised in just 80 minutes.

One property sold for £60,000 – or 44 per cent - more than the guide price, while others came out at 
up to £30,000 ahead of the guide price.

“If auctions are a thermometer of the local market the sale showed that we are hot rather than warm!” said
 auctioneer Adrian Little, adding that the ‘stars of the show’ were un modernised houses.

Despite difficult times in the property market, Mark Jenkinson & Sons has one of the highest success rates in the country, according to figures from the industry magazine, Estates Gazette.

Last year the Norfolk Row company sold 91 per cent of the properties it put up 
for auction, realising £23 million.

Estates Gazette ranked the company 14th 
overall in terms of the volume and value of properties sold.