What You Can Buy at UK Property Auctions for Under £50,000 – February

If you are seeking exciting UK property requiring low-level investment for an extremely lucrative return, you should certainly consider buying at auction.

Here, we have selected ten lots across the country for which auction houses will be accepting bids throughout February 2023. Each one features a guide price of less than £50,000 and offers significant potential to add value.

Land with Planning Application for 3 Bed Home, Erith

(For Sale with McHugh & Co Auctions)

This is an excellent opportunity to acquire land on an attractive cul-de-sac in a highly desirable area of Kent, with a planning application already submitted for the development of a brand new property.

The available land covers around 2,100 square feet, and the proposed detached home to which it refers will feature three bedrooms, two bathrooms, a living room and a kitchen/diner.

Located in an established and peaceful neighbourhood, the lot is within five minutes’ drive of Erith – which sits right by the Thames – and within eight minutes’ drive of Erith Train Station. With plenty of local amenities close to hand – and an even greater range of activities available should the property’s residents choose to make the 1.25 hour journey into Central London – the potential of this lot is significant.

The property will be brought to auction by McHugh & Co on 15th February 2023 with a Guide Price of £20,000.

2 Bed Semi-Detached House, Wolverhampton

(For Sale with Smart Property Sales Auctions)

This property is in need of renovation and modernisation, but it offers a huge amount of potential to its future owners.

With an extremely large lounge stretching from the front of the property to the back, two very generous bedrooms, a family bathroom, a big garden to the rear and an excellent front yard, there is scope to add a huge amount of value.

The home’s location is a particular draw, with plenty of eateries and retail outlets nearby, amenities like schools close at hand and the centre of Wolverhampton just 20 minutes away by bus.

The lot will be brought to auction by Smart Property Sales on 23rd February 2023 with a Guide Price of £39,000.

2 Bed Detached Property, Stoke-on-Trent

(For Sale with Auction House London)

A hugely characterful property located just four minutes’ walk from the heart of the lovely Staffordshire village of Audley, and 15 minutes’ drive from Stoke-on-Trent, this is a detached home with comfortably sized spaces – but with plenty of potential to rearrange its layout if preferred.

Requiring a good amount of updating, the property features two reception rooms and a separate kitchen and utility space, a bathroom and two WCs along with two good-sized bedrooms and a rear garden.

Just over five minutes’ walk from the open spaces of the Wereton Road playing fields and just down the road from plenty of amenities – such as eateries, bars and shops on Church Street, the home is very well situated and would make a highly rewarding project.

This lot will be brought to auction by Auction House London on 8th February 2023 for a Guide Price of £30,000.

2 Bed Terrace House, Llysfaen

(For Sale with McHugh & Co Auctions)

Less than a five-minute drive to the lovely Llandulas Beach in the beautiful Colwyn Bay area, this pretty terraced property features two bedrooms, a garden, a kitchen/diner and a living room as well as a ground floor bathroom and WC.

Internal inspection has not been possible, but the property is currently let on an Assured Shorthold Tenancy at £575 per month.

The historic Gwrych Castle is nearby, partway along the ten-minute drive to Abergele, where plenty of amenities such as shops and hospitality outlets are available.

The property will be brought to auction by McHugh & Co on 15th February 2023 with a Guide Price of £40,000.

1 Bedroom Cottage, Bradford

(For Sale with William H Brown Auctions)

A very attractive, compact and easily manageable property, this lovely cottage features an open-plan kitchen/living area, a large bedroom, a good-sized bathroom and a very generous cellar. There is also an enclosed garden to the front of the property.

The home required some cosmetic improvements and updating. It is located just a few minutes’ walk from the green expanses of Bradford‘s Horton Park, less than 10 minutes’ drive from St Luke’s Hospital, and is surrounded by plenty of amenities, including supermarkets and schools.

The lot will be taken to auction by William H Brown with a Guide Price of £45,000. It will be sold by the Modern Method of Auction and the auctioneer has not yet publicised a closing date for bids.

3 Bed Terraced House, Blackpool

(For Sale with Hammer Price Homes Auctions)

This property requires extensive renovations, but benefits from good-sized reception rooms, three equally generous bedrooms, an elegant staircase and easily manageable gardens both to the front and rear.

Just over five minutes’ walk from the sweeping green spaces of Kingscote Park and with easy access to all manner of amenities on Talbot Road and Devonshire Road, the property is less than a ten-minute drive from the famous Blackpool sea front.

The lot will be brought to auction by Hammer Price Homes on 20th February 2023 with a Guide Price of £36,000.

4 Bed Terraced Property in Morecambe

(For Sale with McHugh & Co Auctions)

A very attractive and generously-proportioned property arranged over three floors, this lot requires some cosmetic improvements but offers a significant return.

The property’s reception rooms, kitchen and family bathroom are all large, as are its four bedrooms. There is also a yard to the rear.

The lot sits just over five minutes’ walk from Morecambe Beach and the same distance from Morecambe Station. With amenities such as bars, restaurants and the town’s Festival Market right on the doorstep, this will make a very well-situated family home.

It will be taken to auction by McHugh & Co on 15th February 2023 with a Guide Price of £40,000.

2 Bed Terraced Property, Hartlepool

(For Sale with Auction House North East)

A move-in ready property in great condition, located less than ten minutes’ walk from the centre of Hartlepool, this property features two good-sized bedrooms, a well-appointed lounge, an attractive kitchen space and bathroom/WC.

Hartlepool Station is just ten minutes’ walk away, and the property benefits from close proximity to supermarkets and the lovely Hartlepool Marina.

The lot will be sold via online auction by Auction House North East, with a closing date of 14th February 2023 and a Guide Price of £36,000.

2 Bed End-Terrace, Workington

(For Sale with Your Move Auctions)

A unique 2 bedroom property located just five minutes’ walk from the open green space of Vulcan Park and even closer to Workington Train Station, this end terrace lot is in an excellent position for transport links and amenities such as retail outlets, supermarkets and schools.

The property features good-sized spaces, including a separate lounge, kitchen and dining room, a bathroom/WC, two bedrooms and loft space as well as a yard to the rear. It is in very good condition, requiring only minimal cosmetic updating.

The lot will be brough to auction by Your Move with a Guide Price of £45,000. It will be sold via the Modern Method of Auction and no closing date for bidding has yet been publicised.

Barn and Land for Development, St Johns Chapel

(For Sale with Pennine Ways Auctions)

A lot with huge potential for development into a quaint countryside bolthole or holiday cottage, this is an old stone barn featuring bastille stone steps, surrounded by private land.

Benefitting from astonishing rural views and a quiet, idyllic location, it is still within easy reach of the welcoming pubs, eateries and shops of nearby Hood Street and the town’s marketplace.

Ideal for lovers of the great outdoors, this lot would make the perfect barn conversion project for any potential buyer.

The lot will be taken to auction by Pennine Ways with a Guide Price of £49,950. The closing date of the auction is yet to be confirmed.