Written by Joanne Townsend
Joanne Townsend
Joanne completed a Journalism degree in 2012 before working for a number of marketing companies in the roles of a copywriter, moderator and PR assistant.
With many lots available with a current tenant or available to let out, this is a great way to add to your property portfolio. These lots are listed for auction across the UK throughout January 2024, with Gross Yields between 10% and 20%.
This two-storey/single-storey end-of-terrace building comprises only the ground floor, housing two retail units and a one-bedroom flat at the rear ground level. The flat features an open-plan living room/kitchen, bedroom, shower room/WC, and a utility room with a boiler.
Situated in Ilford, approximately 10 miles northeast of central London, the property lies just south of the A12 and can be accessed via the A406. Ilford railway station, a short walk away, connects to central London via the Elizabeth Line. The area is well-served by numerous bus routes, and London City Airport is around 6 miles to the south. Located on Cranbrook Road, part of the A123 in the town centre, the property is within an established retail parade.
Gross yield percentage: 11.74%
The lot will be brought to auction by Modern Method of Auctioneer BidX1 Auctions on 25th January 2024 with a Guide Price of £350-375,000.
This mid-terrace property is situated within a local shopping parade, featuring two commercial units on the ground floor with access to a rear yard. To the rear, a studio/outbuilding offers opportunities for development and asset management, depending upon obtaining the necessary consent. The upper floors house a 3-bedroom flat, accessible either through the front or a rear lane off Ruislip Road East.
The property’s proximity to popular establishments like Costa Coffee, and KFC, along with a diverse array of local independent retailers, enhances its local appeal. The strategic location within a bustling commercial area not only offers business potential but also provides convenient access to various amenities and services.
Gross yield percentage: 10.21%
The lot will be brought to auction by Savills Property Auctions on 24th January 2024 with a Guide Price of £525,000.
This commercial property is a mid-terrace on the east side of Main Road near the Chalk Pit Avenue junction. Comprising a lock-up shop and three self-contained studio flats on the ground floor, there is also a self-contained flat on the first floor, already sold off on a long lease. The property boasts a sizable rear garden, presenting the potential for future development and additional space, pending obtaining consent.
St. Mary Cray Station, approximately 0.9 miles away, provides access to national rail services, making this an easily accessed property. This property offers a blend of commercial and residential features, making it a versatile investment opportunity in a strategic location.
Gross yield percentage: 14.44%
The lot will be brought to auction by Savills Property Auctions on 24th January 2024 with a Guide Price of £300,000.
This three-storey plus basement mid-terrace house is a period property featuring a spacious lounge, dining kitchen, and six double bedrooms within the main house. Additionally, there’s a self-contained lower ground floor flat with a private entrance from the rear. The internal layout comprises an entrance hall, a communal living room, a communal kitchen, and Room 1 on the ground floor. These rooms offer a great rental opportunity with a gross yield of 13.31%.
The lower ground floor hosts a cleaners/property managers store room, communal bathroom, and separate WC. The first floor accommodates three letting bedrooms, while the second floor has two more letting rooms. The basement level contains a self-contained flat accessible internally or externally, providing two bedrooms, a living room, a kitchen, and a shower room with WC. External features include front and rear gardens.
Gross yield percentage: 13.31%
The lot will be brought to auction by Lambert Smith Hampton Auctions on 31st January 2024 with a Guide Price of £250,000.
This property offers a 2-bedroom mid-terrace house, currently tenanted and generating a monthly rent of £510. The residence is conveniently situated with access to local bus routes on B5192 and Weeton Road, approximately 0.225 miles from Kirkham and Wesham railway station.
Wesham is strategically positioned less than 1 mile north of Kirkham with Preston and Blackpool both around 7 miles away. The accommodation features a living room and kitchen on the ground floor, while the first floor comprises three bedrooms and a family bathroom. The property includes a rear yard for outdoor space. With an established tenant in place, this residence presents an investment opportunity in a well-connected location, offering accessibility to transportation and neighbouring towns.
Gross yield percentage: 10.20%
The lot will be brought to auction by Landwood Property Auctions on 31st January 2024 with an Opening Bid of £55,000.
This three-bedroom mid-terrace house is offered for sale with an existing tenant currently paying a monthly rent of £600. Conveniently located in Preston, it is within walking distance of local shops, amenities, and bus routes along the A5192. Wesham, less than 1 mile north of Kirkham, is 7 miles away from Preston and Blackpool.
The ground floor encompasses a lounge, kitchen, and a utility area under the stairs. The first floor includes a bedroom and a bathroom with a separate shower cubicle, while the attic houses two additional bedrooms. The property is complemented by a rear garden, enhancing its appeal for both residents and potential investors.
Gross yield percentage: 10.29%
The lot will be brought to auction by Landwood Property Auctions on 31st January 2024 with a Guide Price of £70,000.
This three-bedroom end-terrace house for sale is currently occupied by a tenant paying £550 per month, making this a perfect opportunity for a buy-to-let investor. Located in Butlers Meadow, Warton, it resides in a primarily residential area with convenient amenities such as a shop and easily accessible bus routes along A584 Lytham Road.
Warton is a village on the Fylde coast, positioned 6 miles west of Preston and 8 miles from Blackpool. The property comprises an entrance hall, living room, dining room (currently used as a bedroom), and kitchen on the ground floor. The first floor hosts three bedrooms and a family bathroom. Outside, there is a surfaced yard and a rear store, contributing to the property’s appeal for potential investors or homeowners seeking a well-located residence with an established tenant.
Gross yield percentage: 10.03%
The lot will be brought to auction by Landwood Property Auctions on 31st January 2024 with a Guide Price of £70,000.
This spacious three-bedroom mid-terrace house is located in Houghton Le Spring. This property stands as an excellent investment opportunity in a highly sought-after location. The inviting entrance hall leads to a well-proportioned living room, a separate dining room, and a fully-equipped kitchen, complemented by a bathroom on the ground floor.
Ascending to the first floor, there are three generously sized bedrooms, creating an ideal layout for tenants or buyers. Externally, the property features a rear yard with convenient vehicle access, providing secure and private off-street parking. This fantastic investment prospect offers a desirable location and is currently tenanted at £485pcm.
Gross yield percentage: 14.57%
The lot will be brought to auction by Agents Property Auction on 31st January 2024 with a Guide Price of £39,950.
This two-bedroom mid-terrace house presents an excellent investment opportunity located in Sunderland. Currently occupied by a tenant with an annual rent of £5,820, this mid-terrace house is positioned in a popular location. Offering convenient access to various local amenities, there is public transport to Gateshead and Newcastle.
An ideal property to view, this mid-terrace house is a good investment property with an established tenancy in a sought-after area and this presents a promising opportunity for those looking to enhance their property portfolio.
Gross yield percentage: 10.58%
The lot will be brought to auction by Agents Property Auction on 31st January 2024 with a Guide Price of £55,000.
This mid-terrace house is designed as two one-bedroom flats in Blackpool. The property also boasts a rear yard. Currently, it is under two assured shorthold tenancies with the ground floor fetching £125 per week and the first floor securing £95 per week, resulting in a total annual income of £11,440.
The accommodation is well-arranged, featuring a cellar on the lower ground floor, while the ground floor comprises a reception room, bedroom, kitchen, and bathroom/WC. The first floor mirrors this layout with a reception room, bedroom, kitchen, and bathroom/WC. Additionally, there is a rear yard, enhancing the property’s outdoor space. This investment property, with its current rental income and well-maintained presentation, offers a promising opportunity.
Gross yield percentage: 17.54%
The lot will be brought to auction by Taylor James Auctions on 31st January 2024 with a Guide Price of £65,000.
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