SDL Property Auctions’ August catalogue will offer a range of investment opportunities, with more than 175 lots from across the UK for sale in this month’s National Property Auction.
In Nottinghamshire, 40 Trowell Grove (pictured) is going under the hammer with a guide price of £79,000-plus. Managing director and auctioneer Andrew Parker said: “Properties such as this are always incredibly popular at auction, especially with those looking for their first refurbishment project. With the works being partly completed, it keeps some of the pressure off of the project (and the budget smaller) to get the property to its finished state. Viewings are already filling up for this one, and it will be exciting to see what it makes on the day – even more so to see what the lucky buyer does with it after the auction.”
In the West Midlands, three-bedroom 96 Richmond Hill in Oldbury is in need of modernisation and renovation works. Currently undergoing clearance, the property will be fully vacant upon completion. The property has a guide price of £100,000-plus.
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SDL Property Auctions’ August catalogue will offer a range of investment opportunities, with more than 175 lots from across the UK for sale in this month’s National Property Auction.
In Nottinghamshire, 40 Trowell Grove (pictured) is going under the hammer with a guide price of £79,000-plus. Managing director and auctioneer Andrew Parker said: “Properties such as this are always incredibly popular at auction, especially with those looking for their first refurbishment project. With the works being partly completed, it keeps some of the pressure off of the project (and the budget smaller) to get the property to its finished state. Viewings are already filling up for this one, and it will be exciting to see what it makes on the day – even more so to see what the lucky buyer does with it after the auction.”
In the West Midlands, three-bedroom 96 Richmond Hill in Oldbury is in need of modernisation and renovation works. Currently undergoing clearance, the property will be fully vacant upon completion. The property has a guide price of £100,000-plus.
Flat 4, 1 Cole Street in Prenton is a one-bedroom, third-floor flat, benefitting from a remaining lease of 968 years and a service charge of £50 per annum. The property is estimated to have a potential rental income of £400-$450 pcm. While the property could benefit from a few cosmetic repairs, a rental income of £450 pcm would mean a potential yield of 54% based on the guide price of £10,000-plus.
A property already benefitting from rental income can be found at 170 Harrow Road in Leicester. This bay-fronted property is currently let on a rolling, periodic AST at £795 pcm (£9,480 pa). This would mean a rental yield of 6.15% based on the guide price of £155,000-plus.
In Bournemouth, a pair of holiday apartments is being offered for sale in partnership with Sourced. Flat 1 and Flat 9 in Exchequer Grange are both currently managed by Guest Stays as serviced accommodation. The daily rate being charged is £85-£90, and with an occupancy rate of approximately 77% – meaning a potential income in excess of £24,000 per year (a 25% yield). Both properties are being offered at a guide price of £95,000-plus.
The National Property Auction on 25 August will be live streamed via SDL Property Auctions’ website with bids placed online, by phone and by proxy.
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Image from SDL Property Auctions
