Auction opportunities for renovation and development

Budding renovators and developers may be attracted to SDL Property Auctions’ June catalogue, which features over 180 lots from across the UK.

There are homes, apartments, commercial properties, land and more, being auctioned on Thursday 30th June.

41 Derby Road

In Belper in Derbyshire, 41 Derby Road is a three bedroomed, palisaded mid-terraced property which lies within yards of Belper town centre.

In need of full renovation, the property retains some original features including Minton tiled floors and moulded coving.

With a guide price of £88,000+ plus fees, SDL said there’s a real opportunity to add value to a property, whether bought for residential purposes or to convert and let out.

Andrew Parker, managing director and auctioneer, said: “These properties are what have typically come to auction for in the past, although the landscape continues to evolve and change.

“It really does have fantastic potential, especially for a sympathetic renovation which retains some of its stunning features.

“Its location is great too, with Belper being just a stone’s throw away from beautiful countryside.”

106 Station Road

For those looking to dip their toes into the renovation world, 106 Station Road in Leicester is being offered for sale in partnership with Carlton Estates.

This is a detached period residence which requires modernisation and has a guide price of £225,000+ plus fees.

There are good sized rooms throughout and could make a superb family home for those looking to put their own stamp on their property.

Another development opportunity in Derbyshire is at 212 Stenson Road, being offered for sale in partnership with Hannells.

Set on a deep plot, this three bedroomed property offers redevelopment potential, subject to the usual planning consents being obtained.

The vendor has advised us that the original accommodation was built by using four train carriages, offering any future buyer the chance to work with a truly unique property.

With a guide price of £95,000+ plus fees SDL said this is likely to be popular on auction day.

A more ready-to-go investment opportunity is available in Birmingham at 13 York Road, which currently produces £38,000 per annum in income, which has a guide price of £290,000+ plus fees.

This is a mixed-use property located adjected to Erdington High Street which has a from high footfall and consistent rental demand.

The property comprises 5 units with ASTs let at £36,080pa, with potential to rent out additional commercial space for an extra £2,000pa.

13 Moore Terrace

To the North East in Durham, is 13 Moore Terrace, which is being offered at a guide price of just £20,000+ plus fees.

The property is in need of full refurbishment, but features a lounge, kitchen, and bathroom as well as three bedrooms. With the property sitting on a corner plot, it has vast potential once refurbished and would make a viable family home or rental property for any landlord.

Dart Inn, Short Street

Finally, a significant development project can be found in Burton-on-Trent in Staffordshire. The site of the Dart Inn, which has been subject to fire damage, now has planning permission for 11 residential dwellings.

Full details of the planning outline can be found on the East Staffordshire Borough Council planning portal - number P/2021/00431. With a guide price of £420,000+ plus fees, this could be a lucrative investment for any local developers.

Parker added said: “It’s great to be able to offer the chance to breathe new life into a development site, especially one such as this where the original building has experienced damage. It’ll be interesting to see where this gets to on auction day, and even more so to see what becomes of it in the coming months.”

The auction will be live streamed via the SDL Property Auctions with bids placed online, on the phone and by proxy.

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