Most Expensive Auction Properties of the Month – February

Auctions are a great way to acquire investment properties for your property portfolio.

Higher-value properties are worth exploring as an investor with tons of potential and appealing locations (not to mention lower competition amongst other auction buyers). Here are the best residential and commercial properties available nationwide throughout February 2024.

Commercial Unit, Kiosk, 30 Self-Contained Flats and Garages, Wallington

(For Sale with Barnett Ross Auctions)

Commercial Unit Kiosk, 30 Self-Contained Flats and Garages in Wallington - For Sale with Barnett Ross Auctions with a Guide Price of £5,750,000 (February 2024)

This residential/commercial freehold has remained under the same ownership in Wallington, boasting a diverse portfolio. The property comprises 30 self-contained flats, featuring a mix of 12 three-bedroom, 17 two-bedroom, and 1 studio units. Currently, 26 flats are let on assured shorthold tenancies, 2 are regulated, and 2 are vacant. Additionally, there is a commercial unit housing a 24-hour gym, a kiosk, 18 garages (16 left, 2 vacant), and 9 parking spaces.

Situated at the junction of Woodcote Road and Stanley Park Road, the property holds a strategic location. Wallington Railway Station is approximately 1/3 mile away. Furthermore, the affluent town of Wallington offers proximity to major roads. The property, designed as a substantial detached corner block, includes a ground-floor commercial unit, a kiosk, and 30 flats spread across three floors, with additional amenities like garages and parking spaces. With planning approval for 13 more flats, this property presents a lucrative investment opportunity.

The lot will be brought to auction by Barnett Ross Auctions on 22nd February 2024 with a Guide Price of £5,750,000.

2 x 3 Bed Maisonettes, Wembley

(For Sale with Phillip Arnold Auctions)

2 3 Bed Maisonettes in Wembley - For Sale with Phillip Arnold Auctions with a Guide Price of £1,200,000 (February 2024)

This detached residence comprises a pair of three-bedroom maisonettes and is conveniently located near Preston Road in Wembley, featuring local shops and the Metropolitan Line Train Station. Within a mile and a half lies Wembley, renowned for its stadium complex, shops, and mainline rail services. Additional train services are accessible at Wembley Park and Kingsbury.

The property has obtained planning permission for the demolition of the existing two-story house and the construction of a part three-story, part four-story building with 8 self-contained flats. The proposed development includes new vehicular access, 5 off-street parking spaces and external amenity space. The anticipated unit composition comprises 2 three-bedroom flats, 3 two-bedroom flats, and 3 one-bedroom flats, with a southwesterly aspect at the rear. Offered with vacant possession, this property holds appeal for developers seeking a promising opportunity.

The lot will be brought to auction by Phillip Arnold Auctions on 15th February 2024 with a Guide Price of £1,200,000.

8 Flats in a Detached Building, Norwood Junction

(For Sale with Allsop Auctions)

8 Flats in a Detached Building in Norwood Junction - For Sale with Allsop Auctions with a Guide Price of £1,800,000 (February 2024)

Spanning four floors, this property up for sale at auction encompasses eight flats which comprise six one-bedroom flats and two-bedroom flats. Currently, seven flats are under assured shorthold tenancies, while one remains vacant making this a good investment opportunity. Although planning permission for two additional units has recently lapsed, the potential for expansion remains noteworthy for investors.

The property boasts a sizable communal garden to the rear and off-street parking for six cars at the front. Situated nearby, South Norwood High Street offers diverse retail and leisure amenities. Furthermore, the lush green spaces of South Norwood Lake and Grounds are located approximately 0.2 miles to the north. This property presents a compelling investment opportunity with its existing flats, expansion potential, and convenient location in the vibrant South Norwood neighbourhood.

The lot will be brought to auction by Allsop Auctions on 14th February 2024 with a Guide Price of £1,800,000.

Activity Centre, Orpington

(For Sale with Allsop Auctions)

Activity Centre in Orpington - For Sale with Allsop Auctions with a Guide Price of £1,500,000-2,000,000 (February 2024)

Nestled within its grounds, the property is an activity centre and encompasses a variety of structures, featuring two residential houses, scout accommodation blocks, staff blocks, and various other buildings. Bird House and Bridger Lodge serve as residential properties, each contributing to the site’s development potential, depending on obtaining planning consent.

The cumulative area is conveniently situated just 15 miles southeast of central London, in proximity to London Biggin Hill Airport. The property has been under the same ownership for nearly 95 years. Located on the west side of Bird House Lane, off Luxted Road, the area offers local amenities in the nearby Biggin Hill town centre, with transportation options available at Chelsfield and Bromley South stations. Access to the M25 motorway is facilitated by the nearby A233 while additional shopping options await in Orpington to the north and Sevenoaks to the east.

The lot will be brought to auction by Allsop Auctions on 14th February 2024 with a Guide Price of £1,500,000-2,000,000.

Residential Development Opportunity with Planning, Lambeth Road

(For Sale with Allsop Auctions)

Residential Development Opportunity with Planning in Lambeth Road - For Sale with Allsop Auctions with a Guide Price of £1,900,000 (February 2024)

This residential development opportunity with planning is located on Lambeth Road in London. Planning permission has been granted for the development of two townhouses and two apartments, all with the added advantage of outdoor spaces and gardens. The vacant double-fronted plot faces Lambeth Road and extends rearward, presenting a prime opportunity for construction.

Ideally positioned on Lambeth Road, the plot is within a 2-minute walk to Lambeth North underground station and a 5-minute walk to Waterloo Mainline and underground station. Additionally, Elephant and Castle station, offering London Underground, Overground, and National Rail services, is only a 10-minute walk away. Local shops and amenities are easily accessible.

Allsop Auctions will bring the lot to auction on 14th February 2024 with a Guide Price of £1,900,000.

Shop and Office Investment, London

(For Sale with Allsop Auctions)

Shop and Office Investment in London - For Sale with Allsop Auctions with a Starting Bid of £3,000,000-3,250,000,000 (February 2024)

This shop and office investment is situated in a well-established shopping parade on the bustling Baker Street and the location is highly sought after in Central London. The property enjoys proximity to Baker Street Station, enhancing accessibility. This presents an attractive opportunity in a prime Central London setting for potential businesses or investors looking for a strategic and dynamic commercial space.

Baker Street connects Marylebone Road to Oxford Street, earning renown as a cosmopolitan hub. A vibrant retail and dining scene, the area is also a significant office destination. The A41 facilitates connections to the North Circular, A40, and M1 Motorway, enhancing accessibility. Baker Street Underground Station is a mere 5-minute walk from the property, while Marylebone Rail Station is approximately 9 minutes away. The Grade II Listed property spans the basement, ground, and three upper floors with access from the front. The basement houses a laser clinic, the ground floor is a shop, and the upper floors serve as office space.

The lot will be brought to auction by Allsop Auctions on 8th February 2024 with a Starting Bid of £3,000,000-3,250,000,000.

Grade II Listed 15 Bed Hotel, Paddington

(For Sale with Auction House London)

Grade II Listed 15 Bed Hotel in Paddington - For Sale with Auction House London with a Guide Price of £3,100,000 (February 2024)

This Grade II listed property presents a fifteen-bedroom hotel spanning lower ground, ground, and three upper floors, offered as freehold. Located in the highly desirable Paddington area, it enjoys proximity to local amenities and shops, with Hyde Park’s open spaces easily accessible. Paddington underground and rail stations provide convenient transport links.

The lower ground floor encompasses a dining room, kitchen, and two bedrooms with en-suites. The ground floor features three bedrooms, each with en-suites, while the first, second, and third floors include a combination of bedrooms with en-suites and additional bathrooms. This versatile property is well-suited for those seeking a freehold investment in a prime Paddington location, catering to both business and leisure-oriented accommodations.

The lot will be brought to auction by Auction House London on 7th February 2024 with a Guide Price of £3,100,000.

5 Bed Detached House, Stanmore

(For Sale with Auction House London)

5 Bed Detached House in Stanmore - For Sale with Auction House London with a Guide Price of £1,275,000 (February 2024)

This property features a detached five-bedroom house across the ground and first floors. Nestled on a private residential road, it enjoys proximity to local amenities and shops with open spaces easily accessible. The Stanmore underground station provides convenient transport links.

The ground floor encompasses two reception rooms, a dining room, a kitchen, and a utility room. Upstairs, the first floor hosts five bedrooms and two bathrooms. The exterior boasts two adjoining garages, and front and rear gardens. This well-appointed residence on a tranquil private road in Stanmore has the potential for development making this a valuable investment opportunity.

The lot will be taken to auction by Auction House London on 7th February 2024 with a Guide Price of £1,275,000.

9 Bed Detached House, Abersoch

(For Sale with Town & Country Property Auctions)

9 Bed Detached House in Abersoch - For Sale with Town & Country Property Auctions with a Guide Price of £1,180,000 (February 2024)

This nine-bedroom detached house is located in Llwyn Du and located on the outskirts of Abersoch along the serene Lon Sarn Bach. Offering a tranquil retreat with picturesque countryside views, this expansive property currently serves as a successful holiday let, boasting an impressive gross rental income of approximately £175,000 for the year. The spacious basement is used for storage and indoor boat/vehicle housing yet presents development potential for a separate living unit, subject to planning.

Additionally, the property provides an option to purchase adjoining land with approved pre-planning discussions for a potential business unit development. The ground floor features an open-plan kitchen, a dining area, and lounge, a double bedroom with en-suite, and a sizable games room. The well-designed kitchen ensures a welcoming space for entertaining. The first floor comprises eight comfortable double bedrooms, each with en-suite facilities, and three bedrooms. This exceptional property, recommended for viewing offers tonnes of investment potential.

The lot will be brought to auction by Town & Country Property Auctions on 29th February 2024 with a Guide Price of £1,180,000.

Grade II 7 Bed Detached House with 2 Cottages, Horsham

(For Sale with Allsop Auctions)

Grade II 7 Bed Detached House with 2 Cottages in Horsham - For Sale with Allsop Auctions with a Guide Price of £2,200,000-2,350,000 (February 2024)

This Grade II 7-bed detached house boasts three reception rooms, seven bedrooms, four bathrooms, a kitchen, a dining room, and an office. Additionally, there are two detached cottages with one cottage featuring one bedroom and the other with two bedrooms. The property features a walled garden, a pool house, a garage, a swimming pool, a tennis court, and picturesque lakes.  Outbuildings, including barns and farm structures, hold potential for alternative uses, subject to consent.

There are 10 stables, a rare breed building, staff accommodation, and seven light industrial units. Accessed via a private driveway, the property is situated on the north side of an unmade road off Hooklands Lane, with shops in Ashington to the south and further amenities in Horsham to the north. Billingshurst rail station is approximately 7.2 miles away. The A24 provides easy access to the M25 and A27, and the property is surrounded by open spaces with nearby attractions.

Allsop Auctions will bring the lot to auction on 15th February 2024 with a Guide Price of £2,200,000-2,350,000.