Buy to Let Auction Properties of the Month – December

With properties available either tenanted or ready to let, these lots will go under the hammer across the UK throughout December 2024. Offering impressive gross yields of 10% to 20% an exceptional investment opportunity.

Mixed Use Building with Ground Retail and Office Upper Part, Preston

(For Sale with Landwood Property Auctions)

Mixed Use Building with Ground Retail and Office Upper Part in Preston - For Sale with Landwood Property Auction with a Guide Price of £160,000 (December 2024)This freehold, two-storey mid-terrace property with a single-storey rear extension features a retail unit at the front, currently operating as a card outlet, and a business centre with office space to the rear and upper floors. Situated on Poulton Street, Kirkham’s main high street, the property is surrounded by national retailers and independent shops. Kirkham, a market town between Preston and Blackpool, is 1.5 miles south of Junction 3 of the M55 motorway. The ground floor includes a reception area, kitchen, male and female W.C.s, and eight small office suites, some windowless, with rear parking for two cars accessible via Marsden Street. Let on a 10-year lease expiring in June 2028, the premises generate £20,000 per annum.

Gross yield percentage: 12.50%

Landwood Property Auctions will bring the lot to auction on 18th December 2024 with a Guide Price of £160,000.

3 Bed End-Terrace House, Stockon-On-Tees

(For Sale with iamsold)

3 Bed End-Terrace House in Stockon-on-tees - For Sale with iamsold with an Opening Bid of £45,000 (December 2024)This deceptively spacious three-bedroom end-terrace house, offered through the modern auction, presents an excellent investment opportunity. With a tenant in situ generating £575 per calendar month in rental income, it is ideal for buy-to-let investors. While the property requires substantial updating, its lounge/dining room and versatile layout provide significant potential.

Conveniently located near Stockton Town Centre and Mill Lane Primary School, easy access to local amenities. Externally, there is an enclosed rear yard with an up-and-over access door. With no onward chain, this property is competitively valued and not to be missed.

Gross yield percentage: 15.33%

The lot will be brought to auction by iamsold on 20th December 2024 with an Opening Bid of £45,000.

2 Bed Mid-Terrace Property, Sunderland

(For Sale with Allsop Property Auctions)

2 Bed Mid-Terrace Property in Sunderland - For Sale with Allsop with a Guide Price of £30,000 (December 2024)This mid-terrace bungalow, currently subject to a rolling Assured Shorthold Tenancy, offers a functional and appealing layout. The property features a reception room, two well-proportioned bedrooms, a kitchen, and a bathroom, providing comfortable living space. Externally, it benefits from a forecourt at the front and a rear yard, offering low-maintenance outdoor areas.

Situated in a convenient location for investors seeking a reliable rental income. Its compact design layout represents a solid investment opportunity for those looking to expand their portfolio or secure a steady return on their investment.

Gross yield percentage: 15.60%

The lot will be brought to auction by Allsop Property Auctions on 19th December 2024 with a Guide Price of £30,000.

2 Storey Commercial Property, Denbigh

(For Sale with iamsold)

2 Storey Commercial Property in Denbigh - For Sale with iamsold with an Opening Bid of £55,000 (December 2024)This well-presented two-storey shop on Post Office Lane in Denbigh is for sale. Previously used as a hairdressing and beauty salon, the property features ground-floor space with a wash basin and hairdressing facilities, a W.C., and a spacious additional room on the first floor. Its town-centre location offers excellent convenience, with a nearby public car park and proximity to schools, shops, and local amenities.

Denbigh, a picturesque and historic market town in North Wales, boasts a vibrant arts scene, independent shops, cafés, and restaurants. The property also benefits from easy access to the A55 expressway, linking to Conwy, Chester, and beyond. Nearby attractions include Denbigh Castle, St Marcella’s Church, and Theatr Twm o’r Nant, making it an ideal investment in a thriving community setting.

Gross yield percentage: 12%

The lot will be brought to auction by iamsold on 18th December 2024 with an Opening Bid of £55,000.

Retail Office Unit, Perth

(For Sale with Online Property Auctions Scotland)

Retail Office Unit in Perth - For Sale with Online Property Auctions Scotland with a Guide Price of £30,000 (December 2024)This retail office unit is located in the heart of Perth city centre and offers an excellent investment opportunity with a current rental income of £4,000 per annum. Situated on Fleshers Vennel, a popular pedestrian route connecting South Street and St John’s Place, the unit benefits from high footfall and a prime location near the newly opened Perth Museum (2024) and Perth City Hall.

The unit is ideal for asset management and is well-positioned. An opportunity to acquire a well-located, income-generating property in a thriving location.

Gross yield percentage: 13.33%

The lot will be brought to auction by Online Property Auctions Scotland on 18th December 2024 with a Guide Price of £30,000.

Mixed-Use Property with Investment Potential, Preston

(For Sale with Landwood Property Auctions)

Mixed Use Property with Invesment Potential in Preston - For Sale with Landwood with a Guide Price of £135,000 (December 2024)This mixed-use investment property comprises a ground-floor retail unit and four one-bedroom flats on the upper floors, generating a combined annual income of £20,700. The three-storey corner building features retail premises on the ground floor with flats above, accessed via Freckleton Street.

Each flat is assumed to include a kitchen, living room, bedroom, and bathroom/WC. The property is fully let, including the ground-floor barbershop five-year lease at £5,940 per annum. Located on Preston Street in Kirkham’s main retail area, the property benefits from proximity to local and national retailers, with excellent motorway access. The freehold tenure includes a rear yard.

Gross yield percentage: 15.33%

The lot will be brought to auction by Landwood Property Auctions on 18th December 2024 with a Guide Price of £135,000.

2 Storey Terrace House with 2 Bed, Morpeth

(For Sale with iamsold)

2 Storey Terrace House with 2 Bed in Morpeth - For Sale with iamsold with an Opening Bid of £60,000 (December 2024)On the picturesque Dalton Avenue in Lynemouth, this charming mid-terrace house combines comfort and convenience. The property features a well-sized reception room leading to a kitchen and shower room on the ground floor, with two generously proportioned bedrooms upstairs. The outside property boasts off-street parking for two cars and an enclosed rear yard.

Ideal as a buy-to-let investment, the property is currently tenanted at £500 per calendar month, offering immediate cash flow. With its practical layout and rental income potential, this home presents a compelling opportunity for investors or buyers seeking a low-maintenance property.

Gross yield percentage: 10%

The lot will be brought to auction by iamsold on 24th December 2024 with a Guide Price of £60,000.

2 Bed Ground Floor Maisonette, Western Park

(For Sale with Shonki Bros Property Auctions)

2 Bed Ground Floor Maisonette in Western Park - For Sale with Shonki Bros with a Guide Price of £79,000 (December 2024)This two-bedroom ground-floor maisonette, currently let on an Assured Shorthold Tenancy, presents an excellent investment opportunity and benefits from gas central heating, double glazing, and a garage. Situated off the main A47 Hinckley Road in a predominantly residential area, it is conveniently located close to amenities and schools of all grades, with easy access to the M1 and M69 motorway networks.

The accommodation comprises an entrance area, lounge/diner, kitchen, inner hall, two bedrooms, a bathroom, a private rear garden and a garage within a block, enhancing its appeal as a practical investment property.

Gross yield percentage: 11.77%

The lot will be brought to auction by Shonki Bros Property Auctions on 18th December 2024 with a Guide Price of £79,000.

3 Bed Mid Terrace House, Ashington

(For Sale with Allsop Property Auctions)

3 Bed Mid Terrace House in Ashington - For Sale with Allsop with a Guide Price of £35,000 (December 2024)Located at Castle Terrace, Ashington, Northumberland, this mid-terrace house offers a practical layout ideal for families or investors. The property comprises three well-proportioned bedrooms, a spacious reception room, a functional kitchen, and a bathroom. Externally, it features a forecourt at the front and a low-maintenance rear yard, providing outdoor space suitable for various needs.

This home combines comfort and versatility, making it a desirable option for potential buyers or those looking to expand their property portfolio in a sought-after area of Northumberland.

Gross yield percentage: 17.14%

The lot will be brought to auction by Allsop Property Auctions on 19th December 2024 with a Guide Price of £35,000.

2 Bed Terrace Cottage, Sunderland

(For Sale with iamsold)

2 Bed Terrace Cottage in Sunderland - For Sale with iamsold with a Guide Price of £35,000 (December 2024)This two-bedroom terraced cottage presents an excellent investment opportunity in a popular residential area close to local amenities and transport links. The property features an entrance hallway, a comfortable lounge, a galley kitchen, a shower room, and two well-proportioned bedrooms. Benefiting from gas central heating and partial double glazing, it also includes an enclosed rear yard.

With a long-standing tenant currently paying £470 per calendar month, the property provides immediate rental income. This will need to be sold with the tenant in place.

Gross yield percentage: 16.11%

The lot will be brought to auction by iamsold on 18th December 2024 with a Guide Price of £35,000.