Cheapest Auction Properties of the Month – January

If you’re looking for an opportunity to invest in an asset that will give you a significant return, property is the way to go. In particular, low-cost auction properties in the right location can be vastly improved in order to command an impressive profit.

Buying an affordable lot at auction can also be a great way to find your first home, or to source your next renovation project. Here, we’ve scoured UK auction listings to help you find some of the very cheapest properties currently available.

2 Bed Mid-Terrace – Hull

(For Sale with SDL Property Auctions)

2 Bed Mid-Terrace House in Hull - For Sale with SDL Property Auctions for £10,000 (January 2023)

Available freehold with vacant possession, this property benefits from a rear walled yard/garden complete with shed.

The lot requires a good amount of renovation, but promises a significant return on investment to any buyer seeking a project. It is extremely well-located, sitting a very short drive from Craven Park rugby ground and the open spaces of Stonebridge Park.

With Hedon Road just around the corner, offering plenty of amenities, eateries and other attractions, the resident of this property will be able to reach the centre of Hull in just under 10 minutes by car, or 20 minutes via public transport.

This property will be taken to auction by SDL Property Auctions on 26th January 2023 with a Guide Price of £10,000.

3 Bed End-Terrace – Doncaster

(For Sale with Auction House South Yorkshire)

3 Bed Mid-Terrace House in Doncaster - For Sale with Auction House South Yorkshire for £12,000 (January 2023)

Located just a three-minute drive, 15 minute walk or five minute bus ride from the centre of Edlington, and only 15 minutes by car from Doncaster town centre, this characterful end-terrace property features a spacious lounge/diner and good-sized bedrooms, along with a rear yard.

While the lot is in need of updating and improvements, its potential is significant – particularly due to its proximity to a range of amenities including schools, transport links and hospitality venues. It’s also a very short walk from the green spaces at Auburn Road park.

The property will be taken to auction by Auction House South Yorkshire on 30th January 2023 with a minimum opening bid of £12,000.

1-Bed Flat – Stoke on Trent

(For Sale with Auction House Staffordshire & Shropshire)

1 Bed 2nd Floor Flat in Stoke on Trent - For Sale with Auction House Staffordshire & Shropshire for £25,000 (January 2023)

Located on the second floor of Tollgate Court on the corner of Trentham Road and Church Road, just a 10-minute drive from the centre of Stoke-on-Trent, this attractive leasehold flat is in superb condition, requiring only a little cosmetic updating.

Featuring lovely views and access to an attractive communal garden, the property is in close proximity to plenty of green spaces, including Longton Park, Winifred Gardens and the lovely green spaces around Blurton’s old Mill Pond.

The lot will be taken to auction by Auction House Staffordshire & Shropshire on 27th January 2023 with a Guide Price of £25,000.

Studio Apartment – Dover

(For Sale with Auction House Essex & Kent)

Studio Apartment in Dover - For Sale with Auction House Essex & Kent for £25,000 (January 2023)

This attractive lot is situated in an elegant period building now serving as an apartment complex. Its location is ideal – just five minutes’ walk from the seafront and Dover Beach, and very close to the amenities, transport links and hospitality venues of Snargate Street and the Marine Parade.

With a spacious bedroom/lounge/kitchen space and shower room, the flat is partway through renovation and requires further improvements, allowing a new owner to easily add value and receive a swift and considerable return on their investment.

The property will be taken to auction by Auction House Essex & Kent on 9th January 2023 with a minimum opening bid of £25,000.

Mixed-Use Property – Plymouth

(For Sale with Hindhead Property Auctions)

Mixed Used Property in Plymouth - For Sale with Hindhead Property Auctions for £15,000 (January 2023)

Ideal for those seeking a business with residential property above, this lot is available on a 9 year lease and can be purchased alongside existing stock and equipment. Currently serving as a Thai restaurant and located right on the corner of the open green space of Blockhouse Park, just a 10-minute walk from the Devonport train station.

With two 2-bed flats above (commanding £9,360 rent annually) and access to a rear courtyard, this property offers a great opportunity for its new owner to receive passive income on an ongoing basis.

The lot will be brought to auction by Hindhead Property with a Guide Price of £15,000. There is currently no set closing date for bidding.