A local auction made a staggering sum of over £2.1million last week. 

Over 250 people turned out to the Savills Nottingham auction at Nottingham Racecourse on Thursday 27th January. The bidding room was packed, creating an electric atmosphere.

The sale made a total of £2,176,100, with 97% of the lots on offer being sold to make the best sale for some time. 

Chris Charlton, Auctioneer for Savills comments: "This is an excellent result, particularly in light of the rather gloomy economic figures released earlier in the week. These figures prove the resilience of the auction market locally. Savills continues to deliver for many clients during 2010 as Nottingham's leading auction house.

Lots ranged across a wide geographical area throughout Lincolnshire, Nottinghamshire, Derbyshire and into the West Midlands. There were numerous terraced houses across the City of Nottingham and it was pleasing to see that some were purchased by owner occupiers and first time buyers, competing alongside the investment purchasers.

Acting on behalf of British Waterways, Savills successfully sold Newark Lock House at Mill Lane, a former Lock Keepers home in a riverside location.   

One of the more unusual Lots offered was a telecoms mast at the famous Cat & Fiddle between Buxton and Macclesfield. Earning just over £24,600 per annum, the property was eventually sold after competitive bidding for £228,000.

Two small redevelopment sites also showed that small builders were beginning now to come back to the market, although the constraints of the banks and lending institutions are still impacting on the overall market. 

The viewings during the marketing period were very high, indicating yet again the popularity of the auction for both sellers and buyers. 

Savills already has a number of interesting lots for its next sale which will take place at the Nottingham Racecourse on Thursday 24 March. The team is available to contact on 0115 934 8021 if you would like to put your property in the auction.