Buy to Let Auction Properties of the Month – August

With many lots available with a current tenant or available to let, these lots are listed for auction across the UK throughout August 2024, with Gross Yields between 10% and 20%.

Restaurant with 4 Flats, Finsbury Park

(For Sale with iamsold)

Restaurant with 4 Flats in Finsbury Park - For Sale with iamsold with a Starting Bid of £30,000 (August 2024)

This two-bedroom mid-terraced cottage is an excellent buy-to-let or investor opportunity. Currently occupied by a long-term tenant who has been there for 10 years and wishes to stay, the rental income is £350pcm, with the potential to increase to £400pcm or more.

This property offers investors a potential yield of over 14%. With high tenant demand in the area, the property is competitively priced. The layout includes an entrance hall, two bedrooms, a lounge, a kitchen, a bathroom, and a private rear courtyard.

Gross yield percentage: 14%

The lot will be brought to auction by iamsold on 30th August 2024 with a Starting Bid of £30,000.

Farm Buildings with Planning, Wrenbury

(For Sale with Town & Country Property Auctions)

Farm Buildings with Planning in Wrenbury - For Sale with Town & Country Property Auctions with a Guide Price of £550,000 (August 2024)

This substantial range of former farm buildings offers both residential and light industrial planning permission plus a paddock of pasture land. Located five miles from Nantwich town centre with its local amenities. The brick buildings have residential planning permission for conversion into five dwellings with a total of five garages.
Additionally, the site includes block, brick, and corrugated buildings with retrospective planning permission for nine light industrial units. The site is ideal for creating five residential dwellings, with potential for additional income.

Gross yield percentage: 14.56%

The lot will be brought to auction by Town & Country Property Auctions on 29th August 2024 with a Guide Price of £550,000.

2 Flats, Newport

(For Sale with Paul Fosh Auctions)

2 Flats in Newport - For Sale with Paul Fosh Auctions with a Guide Price of £89,000 (August 2024)

This is an excellent opportunity to acquire two flats in a prime location near Newport city centre. The property offers spacious accommodation. The first flat benefits from a large garden, adding to its appeal.

Both flats have enjoyed consistent occupancy with long-term tenants who are keen to stay making this a long-term rental opportunity in the popular area of Newport.

Gross yield percentage: 10.30%

The lot will be brought to auction by Paul Fosh Auctions on 27th August 2024 with a Guide Price of £89,000.

Grade II Listed Former Church, Llandudno

(For Sale with Town & Country Property Auctions)

Grade II Listed Former Church in Llandudno - For Sale with Town & Country Property Auctions with a Guide Price of £125,000 (August 2024)

This detached Grade II-listed former church was converted over the past 15 years into a children’s play centre and nursery. Presenting an excellent investment opportunity, the property is currently let on a 10-year lease from October 2023, generating £16,000 per annum. The ground floor is sub-let as a day nursery.

The property is located at the junction of Llewelyn Avenue and Abbey Road, on the northern edge of Llandudno town centre..Constructed in the mid-19th century in a Gothic style, the building features stone elevations and a multi-pitched slate roof.

Gross yield percentage: 12.80%

The lot will be brought to auction by Town & Country Property Auctions on 29th August 2024 with a Guide Price of £125,000.

2 Bed Terrace House, Ferryhill

(For Sale with Town & Country Property Auctions)

2 Bed Terrace House in Ferryhill - For Sale with Town & Country Property Auctions with a Guide Price of £30,000 (August 2024)

This two-bedroom terraced house is available for sale with a sitting tenant currently paying £300 per month. This property offers a great opportunity for buy-to-let investors seeking immediate rental income. The property is freehold.

Providing a solid foundation for potential improvements or long-term investment, this well-located property is ideal for investors who are looking for a steady income stream and the potential for future capital growth.

Gross yield percentage: 12%

The lot will be brought to auction by Town & Country Property Auctions on 26th August 2024 with a Guide Price of £30,000.

2 Flats, Treorchy

(For Sale with Paul Fosh Auctions)

2 Flats in Treorchy - For Sale with Paul Fosh Auctions with a Guide Price of £54,000 (August 2024)

This freehold block consists of two flats, both currently let to long-term tenants who have expressed interest in staying. Located in the desirable village of Cwmparc, the property is close to local amenities and shops, and conveniently near Treorchy’s vibrant town centre.

The ground floor flat offers a lounge, a kitchen, two bedrooms and a bathroom. Meanwhile, the first-floor flat is accessed by a staircase from a rear garden. This flat features a kitchen, a bathroom, a lounge and two bedrooms. Externally, both flats share access to a rear garden. This property offers a solid investment opportunity in a sought-after location with stable rental income from established tenants.

Gross yield percentage: 13.3%

The lot will be brought to auction by Paul Fosh Auctions on 27th August 2024 with a Guide Price of £54,000.

2 Bed Maisonette, Wishaw

(For Sale with Town & Country Property Auctions)

2 Bed Maisonette in Wishaw - For Sale with Town & Country Property Auctions with a Guide Price of £59,000 (August 2024)

This is an exceptional two-bedroom maisonette in Wishaw. Spread over two levels, the first floor features an entrance hall, living room, and kitchen, while the second floor includes a hallway, two bedrooms, and a bathroom.

Currently rented at £750 per month, this property offers an excellent investment opportunity. The maisonette is ideally located near a variety of local amenities, including public transport links, and convenient access to shops. This is a prime chance for investors seeking rental income in the well-connected area of Wishaw

Gross yield percentage: 15.25%

The lot will be brought to auction by Town & Country Property Auctions on 29th August 2024 with a Guide Price of £59,000.

4 1 Bed Apartments, Leeds

(For Sale with Town & Country Property Auctions)

4 1 Bed Apartments in Leeds - For Sale with Town & Country Property Auctions with an Opening Bid of £150,000 (August 2024)

This block of four one-bedroom apartments generates an annual income of £25,200, making it a strong investment opportunity. Each flat has its own electric meter, with tenants responsible for their own utility payments, ensuring straightforward management.

Investors interested in this property should register for access to the auction legal pack. This block offers reliable rental income with the potential for long-term returns. Located in Leeds, this block of apartments is close to amenities.

Gross yield percentage: 16.80%

The lot will be brought to auction by Town & Country Property Auctions on 29th August 2024 with an Opening Bid of £150,000.

3 Apartments and a Cottage, Blackhill

(For Sale with Agents Property Auction)

3 Apartments and a Cottage in Blackhill - For Sale with Agents Property Auctions with a Guide Price of £150,000 (August 2024)

Buy-to-let investors, this unique opportunity includes four properties in one lot, consisting of three apartments and a cottage, with a potential rental income of approximately £19,740 per annum when fully let.

One of the apartments has one bed and the other two have two bedrooms. The first flat is currently let at £425 pcm, the second is let at £375p cm, the third flat has £395 pcm and the coach house is currently let at £450 pcm.

Gross yield percentage: 13.18%

The lot will be brought to auction by Agents Property Auction on 28th August 2024 with a Guide Price of £150,000.

2 Bed Mid Terrace House, Wallasey

(For Sale with Allsop Auctions)

2 Bed Mid Terrace House in Wallasey - For Sale with Allsop Auctions with a Guide Price of £35,000 (August 2024)

The two-bedroom mid-terrace house is located on the west side of Palatine Road in Wallasey, conveniently close to local shops and amenities. Bidston Train Station provides nearby rail services, while the M53 Motorway is easily accessible to the north. Central Park is also nearby.

The property is currently subject to an Assured Shorthold Tenancy, providing a rental income. The ground floor includes a reception room and kitchen, while the first floor comprises two bedrooms and a bathroom. Additionally, the property features a rear yard.

Gross yield percentage: 14.20%

The lot will be brought to auction by Allsop Auctions on 29th August 2024 with a Guide Price of £35,000.