Investors interested in bungalows should check out SDL Property Auctions’ live-streamed property auction on Thursday 24th February.
Properties available include a refurbishment project in Shropshire, where 14 St James Drive in Bridgnorth has a guide price of £110,000.
The two bedroomed semi-detached bungalow is in a cul-de-sac within walking distance of Low Town amenities has recently experienced structural movement and requires full renovation.
A higher priced option is a two bedroomed detached bungalow in East London.
Sitting on a larger-than-average plot, 10 Roding Lane North in Woodford Green lends itself to being extended or developed or could simply be modernised.
It features a dining kitchen, reception room, two double bedrooms, bathroom, separate shower room and an attached garage. It is offered for sale in partnership with Bairstow Eves and has a guide price of £550,000.
Andrew Parker, managing director and auctioneer, said: “Bungalows are always extremely popular as they provide so much potential, which makes them appeal to a variety of buyers.
“Private homeowners may be looking for one-level living for themselves, while wise landlords are keen to cater for our ageing population and the growing number of people renting into retirement.
“Meanwhile, because many bungalows are built on large plots, this provides opportunities for redevelopment, with the necessary permissions, of course.”
Another bungalow being sold is in Birmingham, with convenient access to Birmingham Airport, the NEC and motorway network making it a particularly attractive investment.
Set back from the road at the end of a driveway with space for several vehicles, 161 Elmdon Lane in Marston Green, which has a guide price of £300,000, comprises a lounge diner, kitchen, utility, conservatory, two bedrooms and a bathroom. A covered passage at the side provides access to an extensive rear garden.
Similar opportunities are scattered around the country. In Nottingham, 1 Field Lane in Beeston is on a substantial plot with gardens front and rear offering the opportunity to extend or develop, subject to planning permission. It currently features an entrance hall, kitchen, two reception rooms plus lean-two conservatory, kitchen, three bedrooms, bathroom with separate toilet and an attached single garage. Its guide price is £235,000.
Meanwhile in Manchester, a spacious detached bungalow in Crumpsall has been well maintained over the years but requires some modernisation. Offered for sale in partnership with Aubrey Lee, 14 Wilton Road has two bedrooms plus a study/third bedroom, two reception rooms, kitchen, bathroom with separate WC and a detached garage. It has a guide price of £325,000.
Parker added: “Crumpsall is an up and coming area which is really popular with landlords due to its proximity to North Manchester General Hospital. If this is purchased for the rental market, the landlord will never be short of tenants.”
These are just a few of the bungalows being sold in the national property auction.
Houses, flat, HMOs, commercial properties and land are also being auctioned.
It takes place on Thursday 24th February and it will be live-streamed via the SDL Property Auctions website with bids placed online, on the phone and by proxy.