Barnard Marcus is hosting its penultimate auction of the year in November in London’s Covent Garden, with 430 lots catering for every budget.
Among the cheapest lots available are three one-bedroom bungalows in Darlington, County Durham, starting at just £10,000 each (Lots 270, 271 and 272)
The properties are located at Cumberland Street, while each has an Energy Performance Certificate rating of D, meaning they would require some work to bring them up to a C rating if you want to rent them out long-term.
For investors looking for a plot of land in which to build on, this is a good auction to look at. While there are lots of options, one is Lot 5, which is a piece of land at Kings Lane in Bristol.
The land starts at £35,000 and the auctioneer said it could hold development potential subject to the necessary consents. It is located in the heart of Pucklechurch and is close to existing dwellings to the west. The land is accessed via a shared right of way and is currently laid to open grazing and rough land.
The highest valued property being auctioned is Lot 54, a five floor building in London that was formerly a solicitors offices, that starts with a guide price of £2.75 million.
However the auctioneer said the guide price may change depending on the interested parties involved.
The building, at 34 Bloomsbury Way, London, has 337 sq.m (3,627 sq.ft) of internal space arranged to provide offices, ancillary and storage space.
Clearly continued use for offices is one option but buyers may wish to consider alternative use and development of the building which, subject to the necessary consents could include conversion of the upper floors to create a number of self-contained flats.
A property in the middle of the house price scale is Lot 1, 37 Watermead Road, Catford, London, SE6 3DL, which starts at £450,000.
This is a three bedroom semi-detached property which sits to the south of Catford town centre, while the auctioneer said it may be suitable for an extension or loft/mansard conversion depending on consents.
The auction will take place on November 16th at The Grand Connaught Rooms in Covent Garden, London.