Investors willing to carry out works can target cheaper homes in Nottinghamshire at an auction later in the month.
Auctioneer Bond Wolfe said property investors will be particularly interested in a three-bedroomed, semi-detached rental property at 51 Wigman Road in Nottingham, just a few miles from both Nottingham and Nottingham Trent universities and the Queen’s Medical Centre.
The house, listed with a guide price of £50,000+, currently generates a gross income of £4,800 per annum.
However the auctioneer said the biggest draw is likely to be the Mill House, in Tolney Lane, Newark, a three-bedroomed, detached property.
It was likely once part of a mill and was later converted to a three-storey home, while it’s being auctioned with a guide price of £49,000.
It requires modernisation, though it has a walled courtyard to the side and off-road parking, with gas central heating and double glazing. There are also two reception rooms and a dining kitchen downstairs, two bedrooms – one ensuite – and a dressing room on the first floor, and a bedroom and shower room/WC on the second floor.
Across the other side of the county, a guide price of just £20,000+ has been set for a two-bedroomed, mid-terraced house at 98 Duke Street in Cresswell, near Worksop.
Meanwhile, a two-bedroomed, mid-terraced house at 7 Sherwood Street in Kirby-in-Ashfield has a low guide price of just £10,000+.
This mid-terraced property has a yard and off-road parking to the rear, gas central heating and double glazing.
Gurpreet Bassi, chief executive of Bond Wolfe, said: “At a time when property prices are rising, we always have many bidders who come to our auctions with a focus on finding a bargain.
“These lots are great examples of some of the properties we have on offer that could make great family homes once they have a bit of loving care and attention invested in them.”
Bassi added: “All our East Midlands properties offer terrific value. We’re sure to have something to suit first time buyers, families wanting to find somewhere bigger, or landlords looking to increase their portfolio.”
The Nottinghamshire properties are among a total of 188 lots that will appear in Bond Wolfe’s next auction which starts at 9am on Wednesday 20 October. The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only.
