Forty-year-old Peugeot 205 sells for a record-breaking £227k with just 10k miles on the clock & blistering top speed

A 40-YEAR-OLD Peugeot 205 has sold for an incredible £227,250.

It was thought the motor could sell for £300,000 at auction, but the winning bid has come in far below that sale.

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What makes this particular car so valuable is that it is number 176 of 200 of the 'Homologation Specials' editions made by Peugeot.

The virtually unused speedster is a 'Turbo 16' iteration launched for just £6,245 in 1984.

It was once described as "a rare and sought after jewel for automotive collectors and enthusiasts".

The Peugeot 205 was a staple of British roads in the 1980s.

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The £220,000 motor, which has less than 10,000 miles from new, has now achieved a new UK auction record.

Mechanically, the T16 is a different beast to the regular 205, boasting a tuned and turbocharged petrol engine mounted in the middle of the car with power sent to all four wheels.

Iconic Auctioneers say of the Silverstone Circuit sale: "It's a rare and sought-after jewel for automotive collectors and enthusiasts and capable of a blistering 137mph.

"Understandably there was a lot of interest in this car both in the room and online, but it was a telephone bidder who secured the winning bid.

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"Capable of a blistering 137mph, it shares nothing with the mass-production 205 except the windscreen, doors and headlamps and mechanically it is completely different, most notably its mid-engined and 4-wheel-drive layout.

"The fact that it was shaped and named to be a 205 member was purely to promote the sales of the mass-production car."

This comes as a grandma-of-six won a Lamborghini worth £190k through a prize draw.

Retired seamstress Wendy Bailey from Mexborough, Yorkshire, scooped the luxury SUV in the Best of the Best (BOTB) competition, as well as a huge cash prize.

Elsewhere, we reveal the most expensive cars ever sold at auction.

Or maybe you'd like to own what is thought to be the world's fastest car - but you'll need more than £2million to be able to afford it.

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