SDL Property Auctions offers opportunities for those fancying a project
SDL Property Auctions’ catalogue for its 30 June sale includes a number of properties requiring refurbishment.
One example from the 180 residential and commercial lots on offer is a three-bedroom mid-terrace house in Belper, Derbyshire (lot 1). 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, there is opportunity for the successful buyer to add value.
Andrew Parker, managing director and auctioneer at SDL Property Auctions, said: “These properties are what have typically come to auction 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.”
SDL Property Auctions’ catalogue for its 30 June sale includes a number of properties requiring refurbishment.
One example from the 180 residential and commercial lots on offer is a three-bedroom mid-terrace house in Belper, Derbyshire (lot 1). 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, there is opportunity for the successful buyer to add value.
Andrew Parker, managing director and auctioneer at SDL Property Auctions, said: “These properties are what have typically come to auction 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.”
A more unusual property being offered for sale in partnership with Hannells is a three-bedroom house in Derby which, according to the vendor, was built using four railway carriages (lot 4). Set on a deep plot and with a guide price of £95,000-plus, the property has redevelopment potential, subject to planning consents being obtained.
Another property in need of renovation is a three-bedroom detached period house in Leicester (lot 36, pictured), which is being offered for sale in partnership with Carlton Estates. It has good-sized rooms and a guide price of £225,000-plus.
A more ready-to-go investment opportunity is available in Birmingham (lot 62), which currently produces £38,000 pa and has a guide price of £290,000-plus. The mixed-use premises adjacent to Erdington High Street comprise five units with assured shorthold tenancies let at £36,080 pa, with potential to rent out additional commercial space for an extra £2,000 pa.
The auction will be live-streamed via the SDL Property Auctions website, with bids placed online, by phone or by proxy.
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Photo © SDL Property Auctions
