Buy to Let Auction Properties of the Month – August

Auctions are an excellent source of new opportunities for experienced and early-career investors alike.

In this article, we have selected a range of tenanted lots from across the UK – all of which will be up for sale auction throughout August 2023 and beyond, offering gross yields of 10% or above. Read on to explore these very promising properties.

2 Bed Terraced House, Hartlepool

(For Sale with I Am Sold Property Auctions)

2 Bed Terraced House in Hartlepool - For Sale with I Am Sold Property Auctions with a Starting Bid of £39,000 (August 2023)

A terraced property in great condition, this lot is comprised of a pair of reception rooms, a galley kitchen and a bathroom to the ground floor, along with three bedrooms to the first floor, this lot also includes a yard to the rear.

It is currently tenanted, and sits just a 12 minute walk from the very centre of Hartlepool. With schools, convenience stores, eateries and pubs all within a five minute drive of the property, it is extremely well-placed.

Hartlepool train station is six minutes away by car, and junction 60 of the A1(M) can be reached within 25 minutes.

Gross yield percentage: 12.9%

The lot will be brought to auction by I Am Sold Property Auctions on 24th August 2023 with a Guide Price of £39,000.

2 Bed Terraced House, Hull

(For Sale with Auction House Lincolnshire)

2 Bed Terraced House in Hull - For Sale with Auction House Lincolnshire with a Guide Price of £30,000 - £35,000 (August 2023)

Just five minutes’ drive from Hull Royal Infirmary by car, this is a mid-terrace property currently let on a periodic tenancy agreement.

Featuring a lounge, dining room and kitchen to the ground floor, as well as two bedrooms and a family bathroom to the first floor, there is also a rear garden.

Perfectly placed for schools, the property sits less than 10 minutes’ drive from Hull train station in the city centre, and only five minutes’ walk from all of the amenities of Anlaby Road. Junction 38 of the M62 is only 20 minutes away by car.

Gross yield percentage: 14.4%

The lot will be brought to auction by Auction House Lincolnshire on 28th – 29th August 2023 with a Guide Price of £30,000.

3 Bed Terraced House, Grimsby

(For Sale with Auction House Lincolnshire)

3 Bed Terraced House in Grimsby - For Sale with Auction House Lincolnshire with a Guide Price of £20,000 (August 2023)

Situated just a three-minute drive from Cleethorpes Beach and from New Clee station, this three-bed property features front and rear gardens and is comprised of a sitting room, dining room, galley kitchen and family bathroom to the ground floor, as well as three good-sized bedrooms to the first floor.

Just one of the rooms of this property is currently subject to a tenancy agreement, providing ample opportunity to receive additional income from the other rooms.

Gross yield percentage: 15%

The lot will be brought to auction by Auction House Lincolnshire on 21st – 22nd August 2023 with a Guide Price of £20,000.

4 Flats Arranged Across Two Properties, Oldham

(For Sale with SDL Property Auctions)

4 Flats Arranged Across Two Properties in Oldham - For Sale with SDL Property Auctions with a Guide Price of £225,000 (August 2023)

Thee two properties are being sold as a single lot and represent an exciting opportunity for any investor. Each property features one ground floor flat and one first floor flat, with the ground floor dwellings including one bedroom and the first floor dwellings including three bedrooms. Every flat is currently let.

With the centre of Oldham (Greater Manchester) accessible within 12 minutes by car and only 10 minutes by public transport, the properties are also within easy reach of Manchester city centre, which is less than half an hour away.

Junction 22 of the M60 is only two minutes away by car, with Moston train station can be reached within five minutes.

Gross yield percentage: 14.93%

The lot will be brought to auction by SDL Property Auctions on 31st August 2023 with a Guide Price of £225,000.

4 Bed Terraced Property, Sheffield

(For Sale with SDL Property Auctions)

4 Bed Terraced Property in Sheffield - For Sale with SDL Property Auctions with a Guide Price of £115,000 (August 2023)

Arranged over three storeys, this property includes four bedrooms and benefits from both front and rear gardens. It is currently let, and sits less than 10 minutes’ drive from Sheffield city centre.

There is plenty of green space nearby, with Parkwood Springs, Burngreave Recreation Ground, Nottingham Street Recreation Ground, Abbeyfield Park and Stanley Fields all accessible within five minutes by car.

The area benefits from a number of excellent schools, and there is a range of shops and eateries within easy reach. Northern General Hospital is a five minute drive away, and junction 34 of the M1 – right by the Meadowhall Shopping Centre – is accessible in 12 minutes.

Gross yield percentage: 10.43%

The lot will be brought to auction by SDL Property Auctions on 31st August with a Guide Price of £115,000.

Mixed-Use Property, Mold

(For Sale with Town and Country Property Auctions)

Mixed-Use Property in Mold - For Sale with Town and Country Property Auctions with a Guide Price of £175,000 (August 2023)

Comprised of a hair and beauty salon to its ground floor and two apartments to its upper floors, each unit of this substantial property is currently let and well-appointed.

The ground floor retail unit features a main salon space and a separate staff room. There is also an outside area to the rear. The two-bed flat includes a lounge, a kitchen and a family bathroom, while the one-bed flat includes a sitting room, a kitchen/diner and a shower room.

Situated right in the centre of Mold, the lot is less than a five minute walk from Mold Flower Gardens and skate park, while all of the town centre amenities – including shops, cafés, pubs and schools, are reachable within a five minute drive. Access to the M56 – just over the English/Welsh border – is possible within 20 minutes.

Gross yield percentage: 10.18%

The lot will be brought to auction by Town and Country Property Auctions on 24th August 2023 with a Guide Price of £175,000.

3 Bed Semi-Detached House and Duplex, Mold

(For Sale with SDL Property Auctions)

3 Bed Semi-Detached House and Duplex in Mold - For Sale with SDL Property Auctions with a Guide Price of £120,000 - £140,000 (August 2023)

With the lovely Buffery Park just a minutes’ walk away, this lot is divided into two separate dwellings. One is a three bed semi-detached house, while the other is a one bed duplex. Both of these units are currently let – and the property has potential for further development, with additional units possible. Permission for this has not yet been sought.

Very well-positioned for transport links, the properties sit just a 10 minute drive from junction 2 of the M5. The centre of Dudley is only 4 minutes away via public transport, and the surrounding area features numerous amenities, such as cafés, shops and schools.

Gross yield percentage: 10%

The lot will be brought to auction by SDL Property Auctions on 31st August 2023 with a Guide Price of £120,000 – £140,000.

Mixed Use Property, Kidwelly

(For Sale with Paul Fosh Property Auctions)

Mixed Use Property in Kidwelly - For Sale with Paul Fosh Property Auctions with a Guide Price of £125,000 (August 2023)

This lot is comprised of three separate units: a shop – which features a main retail area, a kitchenette and two additional rooms, a first floor flat – which is made up of an open-plan sitting room, a kitchen, a bathroom and two bedrooms, and a semi-detached bungalow – which includes a lounge, a kitchen, two bedrooms, a bathroom and a garden to the rear.

There may also be the opportunity to renovate the first floor flat, transforming it into two dwellings, although permission for this has not yet been sought.

Each unit is currently let, and the lot sits just five minutes’ walk from the open green spaces of Parc Stephens and under 10 minutes on foot from Kidwelly train station.

Nearby Bridge Street and Lady Street are both very popular thoroughfares, featuring pubs, eateries and shops. The beautiful Kidwelly Quay can be reached in less than five minutes by car, offering breathtaking views of Gwendraeth Fach out to Carmarthen Bay.

Gross yield percentage: 13.7%

The lot will be brought to auction by Paul Fosh Property Auctions on 29th – 31st August 2023 with a Guide Price of £125,000.

Studio Flat, Littlehampton

(For Sale with Town and Country Property Auctions)

Studio Flat in Littlehampton - For Sale with Town and Country Property Auctions with a Guide Price of £60,000 (August 2023)

A highly attractive and well-appointed studio flat, this property in Littlehampton is currently let and available on a leasehold basis with around 90 years remaining.

Comprising of a beautiful combined lounge, bedroom and kitchen, with a separate shower room, the lot sits less than 10 minutes’ walk from the town’s East Beach, which looks out over the English Channel.

The town’s train station is only 15 minutes away on foot – or four minutes by car – and the area features all of the amenities and attractions of a desirable seaside town.

Gross yield percentage: 13.5%

The lot will be brought to auction by Town and Country Property Auctions on 31st August 2023 with a Guide Price of £60,000.

1 Bed Flat, Torquay

(For Sale with Town and Country Property Auctions)

1 Bed Flat in Torquay - For Sale with Town and Country Property Auctions with a Guide Price of £45,000 (August 2023)

This desirable ground floor flat is currently let on a rolling Assured Shorthold Tenancy agreement and features an open plan kitchen/lounge and a large separate bedroom to the first floor. There is also a shower room and a paved garden area.

Located just a 12 minute walk from the lovely Barton Downs and seven minutes’ drive from Torquay’s Oddicombe Beach, the property sits only five minutes from Torbay Hospital and Torre Station.

The centre of Torquay is accessible in under 10 minutes, and junction 31 of the M5 can be reached in a little over 20 minutes.

Gross yield percentage: 11.04%

The lot will be brought to auction by Town and Country Property Auctions 31st August 2023 with a Guide Price of £45,000.