Written by Joanne Townsend
Joanne Townsend
Joanne completed a Journalism degree in 2012 before working for a number of marketing companies in the roles of a copywriter, moderator and PR assistant.
If you are looking for an investment with huge potential, these auction properties in the East Midlands are worth considering. Ranging in size, price and location, these commercial and residential properties are all up for sale throughout August.
Presenting a modern and spacious 2-bedroom coach house with vacant freehold ownership, this property is located in the sought-after Elsea Park estate, conveniently close to Bourne’s town centre. Offering versatility for both owner occupation and letting investment, this is a significant opportunity. This charming coach house boasts a prime location, being in proximity to local schools and amenities and enjoying excellent accessibility to Bourne and Peterborough.
The property features 2 bedrooms and is maintained in good condition, making it a comfortable living space. The accommodation comprises an entrance hall, an open-plan living room integrated with the kitchen, two bedrooms, and a bathroom. Externally, the coach house offers the convenience of a driveway for parking and an integral garage.
The lot will be brought to market by First For Auctions on the 31st of August 2023 with an Opening Bid 0f £120,000.
Presenting a 4-bedroom detached chalet bungalow, this property is situated in a popular residential area near the town centre, offering great potential for modernisation. Whether you seek a comfortable family home or an investment opportunity, this property is conveniently located near local schools, amenities, and Big Barn Lane, with good access to the Mansfield town centre.
The ground floor comprises an entrance hall, living room, dining room, kitchen, bathroom, inner hallway, utility room, and bedroom/study while the first floor has four bedrooms. The property boasts front, rear, and side gardens, accompanied by driveways and an integral garage.
The lot will be brought to auction by First For Auctions on 31st August 2023 with a Guide Price of £160,000.
This 2-bedroom detached bungalow is currently vacant and presents an excellent opportunity for renovation and improvement. There’s significant potential for further extension (subject to planning permission) or re-modelling, allowing you to tailor the property to your investment needs. Set in a sought-after residential area, the bungalow offers picturesque views of the surrounding countryside. The location also boasts convenient access to mainline rail service to Nottingham and Worksop, making commuting and travel hassle-free. Additionally, the M1 can be easily reached.
Inside the bungalow, there is a living room, a kitchen, a bathroom and two bedrooms. The property is surrounded by front and rear gardens and a garage and driveway, offering ample space for parking and outdoor activities.
The lot will be brought to auction by First For Auctions on 31st August 2023 with a Guide Price of £180,000.
Welcome to this 3-bed terraced property nestled in the sought-after Corby area (Northamptonshire). This home showcases contemporary living spread across three well-designed floors. Step into the ground floor, where a spacious and inviting living area awaits followed by a kitchen with modern fittings and fixtures. Additionally, a convenient WC is located on this floor. Moving to the first floor, you’ll discover two generously sized bedrooms and a family bathroom.
Ascend to the second floor where you will find an impressive master bedroom, complete with its own en-suite. The property’s exterior includes a well-maintained private garden and a single detached garage. This property offers a buy-to-let opportunity for families and professionals.
This traditional 2/3 bedroom terraced property is ideally located in a popular and convenient area in Swadlincote (1/2 hour’s drive to Derby city). While it would benefit from some modernization, its potential is undeniable and a good choice for investors. The property enjoys a strategic position, offering easy access to a wide range of local amenities, including schools, shops, and parks, as well as excellent transportation links.
This home is ideal for first-time buyers or those considering a buy-to-let investment. The lounge is welcoming and spacious and there is a kitchen and rear lobby. There is also a bathroom on the ground floor. Moving to the first floor, the landing leads to three bedrooms. Outside, the property is accompanied by a small front garden. A side alley leads to a generously sized rear garden featuring a store, a patio, lawns, and a shed, making it an inviting space for outdoor activities.
The property will be brought to market by SDL Property Auctions on 31st August 2023 with a Guide Price of £75,000.
Presenting a substantial three-storey mixed-use property, prominently situated in a popular location off Ashbourne Road. This property has been recently generating a rental income and is an ideal buy-to-let. Located in Derby, the property comprises four units including a former cafe, a convenience shop, a three-bed well-maintained flat and a one-bedroom flat with the potential for conversion into student living subject to planning permission.
This property offers an excellent investment opportunity, with existing income streams and the possibility of further development. A high-profile location, this is a popular spot with mixed-use opportunities in the three-storey development.
The lot will be brought to auction by SDL Property Auctions on 31st August 2023 with a Guide Price of £250,000.
This is a unique opportunity to acquire a freehold sales shop with first-floor storage, benefiting from planning consent to be converted into three flats. The property features a yard to the side and a generously sized rear garden. Strategically located on the East side of Bridge Street, the primary shopping thoroughfare in Worksop, this property boasts excellent transport connections.
Previously operated as a coffee shop, the premises offer versatility for various uses. As well as a shop floor, the ground floor further comprises a lobby with access to a WC and a kitchen. On the first floor, currently used as storage, planning consent has been granted to convert the space into three flats. Each flat will consist of a living room, kitchen, shower room, and two bedrooms. The future flats will enjoy shared use of the rear garden.
The lot will be brought to auction by Barnes Auctions on 17th August 2023 with a Guide Price of £150,000.
This is a fantastic opportunity to acquire a freehold three-storey mixed-use property located at the heart of Shirebrook. The property consists of a ground-floor retail unit and a 3-bedroom duplex apartment. The ground floor retail unit offers a sales area, an office/staff area, and a W/C.The first-floor duplex apartment features a kitchen, living room, and family bathroom on one level, and a double bedroom on the upper level. The apartment will be offered with full vacant possession but requires complete refurbishment throughout. Access to the upper floor flat is provided through a separate rear entrance. This property is an ideal opportunity for investors and builders to unlock its full potential.
This enticing development opportunity features a substantial former Public House in the heart of Ingoldmells. A popular seaside area, this public house offers tons of potential in the area of Skegness. The property comes with planning consent for a change of use, allowing for the creation of a block of four houses, the construction of a detached garage, and alterations to access.
The former pub is located on the High Street, close to other businesses in the retail sector of town and the beach in Ingoldmells. This is an excellent opportunity for developers seeking a prime location with substantial potential for residential development.
Auction Estates will bring the lot to auction on 17th August 2023 with a Guide Price of £75,000.
Presenting a freehold former office building located in the heart of Newark Town Centre, this property boasts a generous car park. The building benefits from planning permission for conversion into a dwelling house which is an exciting venture for an investor.
Ideally situated just a stroll away from Newark’s Royal Market Place and retail centre, this former office is located within easy reach of the Town Station. A former office, there is now planning for a residential conversion which will be a four-bedroom dwelling. There is also a basement storage space. The ground floor features, a hallway, kitchen, various office rooms, WCs and a conservatory while the first floor has five former office rooms. There is also a car park with six allocated spots.
Auction Estates will bring this property to auction on 17th August 2023 with a Guide Price of £250,000.
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