There’s a great choice of auctions for investors this week, offering a range of property up and down the country, whatever your price range.
Tuesday 10th May
Auction House (Gloucestershire) - Midlands
Investors on a budget who want to get into the short-term/holiday let market should consider the property at 67 Severn Road, Weston-Super-Mare, which has a guide price of just £55,000-£65,000. The home is a short walk from the seafront, while there is planning permission for conversion into a one bed flat. There is an area of land to the front of the property that could be used as off street parking or a front garden.
At the other end of the price spectrum is a nine bed pub at 34 Oldminster Road, Sharpness. Pier View Hotel has a guide price of £700,000, with the property dating back to 1894. It has an open outlook towards the Sharpness docks and comes with a large car park. The auctioneer said it considers the property of local historic and architectural importance.
Auction House Notts & Derby - Midlands
Auction House Manchester - North
There’s a large number of lots going under the hammer, including land, terraced houses, townhouses and commercial property.
For those interested in a mixed use property there’s 94 and 94a High Street, Lees, Oldham. The auctioneer said this would suit either an investor or possibly an occupier of the shop looking to generate additional income from a letting of the living accommodation.
The lot is priced at £80-£100,000 and comprises of a shop, office, store and toilet on the ground floor, as well as a lounge/kitchen, bedroom and shower room on the first floor. The property is situated in the heart of Lees Village Centre.
Auction House South Yorkshire - North
Savills - South East
Savills is selling 123 properties, including flats, detached homes, garages and shops.
One studio flat is 17C Ranelagh Road in Pimlico, London, which has a guide price of £390,000.
The second floor property is vacant and in need of modernisation, but it’s based in the fashionable restaurant and shopping amenities of Pimlico, while St George’s Square and Battersea Park are within reach.
Morgan Beddoe - South West
Wednesday 11th May
Auction House Hull & East Yorkshire (Dee Atkinson & Harrison) - East
Goldings - East
Copelands - Midlands
Buyers looking for properties on the cheaper end have plenty of options. Being auctioned for £45,000 is a 3-bed semi detached home at 15 Paisley Close, Staveley, Chesterfield, Derbyshire. The auctioneer said the home is in need of ‘cosmetic work’.
Going for the same guide price is a 3-bed terraced house at 6 Ellis Street, Brinsworth, Rotherham, South Yorkshire. The property has gas fired central heating, while it has a potential rental income of £500-£600 per month.
Auction House West Yorkshire - North
Manning Stainton - North
Smith and Sons - North East
There are 25 properties going under the hammer.
One notable home is 1 Paper Mill Cottages, Paper Mill Lane, Oakenholt, which has a guide price of £135,000-£145,000. This is a three bedroomed end of terraced cottage overlooking open fields and the Dee Estuary to the front and woodland to the rear.
It has been refurbished having modern kitchen and bathroom fittings, central heating and double glazing., while there is a rear garden with parking.
The auctioneer considers it ideal either for investment, being within easy driving distance of Chester and the North Wales coast.
Wilsons Auctions (Ireland) - Ireland
Wilsons Auctions (Scotland & England) - UK
John Francis (Llanelli) - Wales
Thursday 12th May
Allsop (Residential) - South
Knight Frank Auction - South
This is an ideal auction for those with deep pockets. There is a penthouse in Newcastle (2401 Hadrians Tower, Rutherford Street) with a guide price of £1 million, which is currently tenanted and produces £54,000 per year.
There are 3 double bedrooms, three bathrooms, open plan living and dining space, as well as a modern kitchen with fully integrated appliances. The property benefits from a video intercom system and secure fob controlled access.
BRG Gibson Auctions (Dublin) - Ireland
There are a number of rural detached homes going under the hammer.
Something of an outlier is Lot 6, which is for 15-20 Lakeview, The Fair Green, Cavan, which the auctioneer said is suitable for investors, builders and landlords.
the property portfolio consists of seven apartments, which require remedial works prior to being occupied. It has a minimum opening bid of €350,000.
