VENDORS with realistic expectations were the major winners at a recent property auction.
Eddisons reported that 90 of the 122 lots on offer were sold at its latest two-day sale held in Leeds and Manchester.
Spokesman Tony Webber said: “Sellers who acknowledged current market conditions by setting realistic reserve prices were rewarded as buyers reacted positively to what they perceived as being good value for money.
“As we reach the second quarter of the year, funding continues to be an issue which gives cash buyers the upper hand.”
Highlights from the sale included a former adult training centre at Hemsworth, near Wakefield, which was offered on the instructions of Wakefield Council and sold for £100,000.
A former fire station in Settle, North Yorkshire, was the subject of some of the keenest bidding. The property, offered on the instructions of Craven District Council with planning consent for a single residential dwelling, sold for £82,000 off a guide price of £55,000-plus.
A parcel of land covering about one-and-a-half acres close to the Reva Reservoir near Menston, Leeds, which sold for £22,000 off a guide price of £5,000-plus.
The next Eddisons Property Auction scheduled for May 6 has been moved to Tuesday May 11, to avoid a clash with the general election. It takes place at noon at Leeds United Football Club, Elland Road, Leeds.