January Auction Property Deals of the Month – East Midlands

These auction properties in the East Midlands offer excellent potential for investors, featuring a range of commercial and residential opportunities available at auction during January 2025.

Residential Auction Properties East Midlands

2 Bed Terrace House, Worksop

(For Sale with Auction House Notts & Derby)

2 Bed Terrace House in Nottinghamshire - For Sale with Auction House Notts & Derby with a Guide Price of £26,000 (January 2025)Ashley Terrace is off Carlton Road, close to Worksop town centre just a few minutes walk from Worksop Station, making it an appealing rental property. This rustic cottage-style brick terrace requires refurbishment and offers a generous rear garden with decking and a shed.

The property spans three floors, providing spacious accommodation with great potential for high rental yields, a project, or a personal home. The layout includes a lounge, dining kitchen, large bathroom, two bedrooms, and an enclosed rear garden with cobbled forecourt access.

Auction House Notts & Derby will bring the lot to market on the 14th of January 2025 with a Guide Price of £26,000.

2 Bed Mid-Terrace House, Alfreton

(For Sale with Auction House Lincolnshire)

2 Bed Mid-Terrace House in Derbyshire - For Sale with Auction House Lincolnshire with a Guide Price of £30,000 (January 2025)This mid-terrace property, located on Main Road in the Leabrooks area of Alfreton, offers easy access to surrounding amenities and is well-positioned for Ripley, Matlock, Derby, Nottingham, and the Peak District. The traditionally constructed house provides well-proportioned accommodation over two floors, benefiting from double glazing and gas central heating. While the property would benefit from cosmetic improvements, it offers significant potential for added value in a high-demand rental area.

With projected rents of around £750 per month (£9,000 annually), the property presents a high-yield opportunity. The accommodation includes a lounge/dining room, breakfast kitchen, family bathroom, two bedrooms, and a large rear garden.

Auction House Lincolnshire will bring the lot to auction on 21st January 2025 with a Guide Price of £30,000.

2 Double Bed Terrace House, Mansfield

(For Sale with PriceLinsey Auctions)

2 Double Bed Terrace House in Mansfield - For Sale with PriceLinsey with a Guide Price of £40,000 (January 2025)This two-bedroom terraced house in a popular residential area requires refurbishment but offers potential. Within easy reach of local amenities and transport links, the property is ideal for first-time buyers or buy-to-let investors, with a projected rental income of approximately £650 per month (£7,800 annually) once modernised.

The ground floor comprises a lounge, dining room, and kitchen, while the first floor features two double bedrooms and a spacious family bathroom with a three-piece suite. To the rear, there is an enclosed garden. This property presents an excellent development opportunity or buy-to-let project.

The lot will be brought to auction by PriceLinsey Auctions on 16th January 2025 with a Guide Price of £40,000.

2 Bed Terrace Property, Chesterfield

(For Sale with Pugh Auctions)

2 Bed Terrace Property in Chesterfield - For Sale with Pugh Auctions with a Guide Price of £35,000 (January 2025)This two-bedroom terraced property, located on Hipper Street West near Chesterfield town centre, requires a scheme of modernisation and refurbishment, with some flood damage. Ideal for buy-to-let investors, builders, or developers, the property offers excellent potential for resale following renovation. The accommodation comprises a lounge and dining kitchen on the ground floor, two bedrooms and a bathroom on the first floor. Additionally, there is a basement cellar and an enclosed rear garden.

The property is situated within easy reach of local amenities and transport links, making it a prime opportunity for investment or redevelopment.

Pugh Auctions will bring the lot to auction on the 29th of January 2025 with a Guide Price of £35,000.

4 Bed Mid-Terrace Property, Sleaford

(For Sale with Auction House Lincolnshire)

4 Bed Mid-Terrace Property in Sleaford - For Sale with Auction House Lincolnshire with a Guide Price of £30,000 - £35,000 (January 2025)This well-proportioned mid-terrace house is situated in the heart of the popular market town of Sleaford, offering easy access to the town centre, local amenities, and the historic Sleaford Castle. The property is also well-connected to surrounding towns, Boston and Grantham, with excellent access to the A17 and A1 road networks. Boasting four bedrooms, double glazing, and central heating, this traditionally constructed home offers potential for refurbishment and value-adding.

An area with high rental demand could generate a significant yield. Rental properties of this size in Sleaford typically start at £850pcm (£10,200 per annum).

The property will be brought to market by Auction House Lincolnshire on 21st January 2025 with a Guide Price of £30,000-35,000.

Commercial Auction Properties – East Midlands

Grade II Former Cafe, Newark

(For Sale with SDL Property Auctions)

Grade II Former Cafe in Nottinghamshire - For Sale with SDL Property Auctions with a Guide Price of £160,000 (January 2025)This freehold Grade II listed building, located in the prime Queens Head Court in Newark, is for sale via Unconditional Online Auction. The property, offered with vacant possession upon completion, was previously a thriving café specialising in homemade foods. The sale includes a comprehensive range of equipment, enabling a new owner to reopen with minimal effort or let the unit.

The ground floor features a 12-cover dining area, counter service, and a fully equipped kitchen. The first floor offers additional space for 35 covers, plus customer toilets. Pieces of equipment include fridges, ovens, a coffee machine, furniture, and crockery.

The lot will be brought to auction by SDL Property Auctions on 17th January 2025 with a Guide Price of £160,000.

Mix Use Property with Development Potential, Ripley

(For Sale with iamsold)

Mix Use Property with Development Potential in Ripley - For Sale with iamsold with an Opening Bid of £70,000 (January 2025)This mixed-use property investment opportunity, located in the heart of Codnor Market Place, Ripley, Derbyshire, offers excellent potential. Situated near local shops, amenities, schools, and transport links, includes planning permission to develop two self-contained flats and presents an opportunity for investors to create rental units in a prime location, enhancing the property value.

With the growing demand for housing in this area, this is an ideal chance to capitalise on the property’s potential and secure a promising investment in a well-connected and sought-after location.

The lot will be brought to auction by iamsold on the 2nd of January 2025 with an Opening Bid of £70,000.

3 Storey Commercial Building with Investment Potential, Loughborough

(For Sale with SDL Property Auctions)

3 Storey Commercial Building with Investment Potential in Leicestershire - For Sale with SDL Property Auctions with a Guide Price of £150,000 (January 2025)This three-storey commercial building offers spacious accommodation, offices spread across three floors, kitchen and toilet facilities and an enclosed rear yard/garden. Located in the heart of the popular village of Sileby, the property is within the range of local amenities and excellent transport links to Leicester and Loughborough.

The train station is only a two-minute walk away. Previously used by an IT company, the building offers flexibility for commercial or residential use, with planning permission historically granted for conversion of the upper floors into apartments.

SDL Property Auctions will bring the lot to auction on the 30th of January 2025 with a Guide Price of £150,000.

Ground Floor Retail Unit with Residential Upper Part, Mansfield

(For Sale with iamsold)

Ground Floor Retail Unit with Residential Upper Part in Mansfield - For Sale with iamsold with an Opening Bid of £68,000 (January 2025)Located on Station Road, this ground-floor commercial property previously operated as a popular hardware shop, with the added benefit of a one-bedroom flat above. The shop features an electric roller shutter for enhanced security and offers the potential for continued use as a hardware store or re-let as a high-street unit.

In the rear of the shop there is a kitchen and WC, both requiring some modernisation. The flat above has a separate entrance, a lounge, bathroom, and kitchen on the first floor, with a generous double bedroom on the second. The property offers excellent investment potential with a versatile layout.

iamsold will bring the lot to auction on the 6th of January 2025 with an Opening Bid of £68,000.

Ground Retail Shop with Residential Upper Part, Wigston

(For Sale with SDL Property Auctions)

Ground Retail Shop with Flat Above in Wigston - For Sale with SDL Property Auctions with a Guide Price of £175,000 (January 2025)This freehold investment opportunity comprises a ground-floor retail shop with an office/flat above. Recently converted and upgraded, the property is in excellent condition throughout. The ground floor consists of a retail shop with a rear office/store and a toilet, currently let at £10,000 per annum. The vacant upper floors have an estimated rental value of approximately £9,000 per annum.

With a total estimated rental income of £19,000 – £20,000 per annum, this high-yield investment in a busy parade of shops in the town centre. Viewing is recommended for this superb opportunity in a desirable location.

SDL Property Auctions will bring this property to auction on 30th January 2025 with a Guide Price of £175,000.