Buy to Let Auction Properties of the Month – July

With many lots available with a current tenant or available to let out, this is a great addition for those looking to add to your property portfolio. These lots are listed for auction across the UK throughout July 2024, with Gross Yields between 10% and 20%.

Restaurant with 4 Flats, Finsbury Park

(For Sale with Strettons Auctions)

Restaurant with 4 Flats in Finsbury Park - For Sale with Strettons Auctions with a Guide Price of £275,000 (July 2024)

This end-of-terrace property includes a ground-floor restaurant with separate front access to four self-contained flats above, which have been sold off on long leases. Situated near the junction with Tollington Park, it resides in a popular mixed commercial and residential area, approximately a quarter mile from the Finsbury Park mainline and underground station.

The ground floor restaurant encompasses kitchen facilities and WCs. This property offers a lucrative investment opportunity in a vibrant neighbourhood with proximity to excellent transport links and amenities, making it ideal for both residential and commercial purposes.

Gross yield percentage: 10%

The lot will be brought to auction by Strettons Auctions on 25th July 2024 with a Guide Price of £275,000.

Restaurant, Forecourt and 2 Flats, West Hampstead

(For Sale with Barnett Ross Auctions)

Restaurant, Forecourt and 2 Flats in West Hampstead - For Sale with Barnett Ross Auctions with a Guide Price of £480,000 (July 2024)

Located prominently near the junction of Mill Lane and Fortune Green Road, this mid-terrace building is nestled among popular bars, and restaurants in West Hampstead. Known for its affluence, West Hampstead is approximately four miles northwest of central London, well-connected by West Hampstead Underground (Jubilee Line), Overground, and Thameslink Stations. It also enjoys excellent road links via Finchley Road (A41) and Edgware Road (A5).

The property comprises a ground-floor restaurant with a spacious front forecourt used for outdoor seating, complemented by a basement. Additionally, there is separate rear access leading to two self-contained flats spanning the first, second, and third floors. This versatile mid-terrace building offers a lucrative opportunity in a sought-after area, combining prime commercial space with residential units, ideal for investors seeking a well-connected and vibrant location in London.

Gross yield percentage: 10%

The lot will be brought to auction by Barnett Ross Auctions on 18th July 2024 with a Guide Price of £480,000.

Retail Leased Investment, Finsbury Park

(For Sale with Savills Property Auctions)

Retail Leased Investment in Finsbury Park - For Sale with Savills Property Auctions with a Guide Price of £370,000 (July 2024)

This high-yielding retail investment opportunity features a property let to the RSPCA, centrally situated in Finsbury Park. The ground floor is leased to the RSPCA until 2032, generating £37,000 per annum. The tenant has occupied the premises for over 15 years, indicating strong tenant stability.

Additionally, the property includes upper parts comprising two flats, which will be sold on a long leasehold basis. Strategically located on Blackstock Road near Finsbury Park Station, the property benefits from high footfall as part of a bustling parade. It enjoys proximity to the junction of Blackstock Road and Seven Sisters Road, with shopping amenities nearby in Finsbury Park centre.

Gross yield percentage: 10%

The lot will be brought to auction by Savills Property Auctions on 23rd July 2024 with a Guide Price of £370,000.

5 Bed Terrace House Comprising 5 Flats, Swansea

(For Sale with Auction House Wales)

5 Bed Terrace House in Comprising 5 Flats in Swansea - For Sale with Auction House Wales with a Guide Price of 195,000 (July 2024)

This residential investment opportunity offers a substantial three-storey mid-terraced house with panoramic views of Swansea Bay. The property consists of 5 studio flats across the ground, first, and top floors.  Currently, the property generates a gross annual rent of £34,680. Located in Swansea’s Mount Pleasant area, the house is highly sought-after by students and professionals due to its convenient access to the city centre.

This investment presents a lucrative opportunity for buyers seeking a property with established rental income in a desirable location. The open outlook over Swansea Bay adds to its appeal, attracting tenants drawn to both scenic views and accessibility to Swansea’s amenities and employment opportunities.

Gross yield percentage: 17.78%

The lot will be brought to auction by Auction House Wales on 31st July 2024 with a Guide Price of 195,000.

3 Bed Mid Terrace House, Shaftesbury

(For Sale with Auction House London)

3 Bed Mid Terrace House in Swaftesbury - For Sale with Auction House London with a Guide Price of £85,000 (July 2024)

The property is a freehold three-bedroom mid-terrace house spanning the ground and first floors, located on a residential road in Shaftesbury town. Local shops and amenities are conveniently close by, with several green open spaces within easy reach. Transport links are accessible via the B3091 and A350 routes.

The ground floor offers a reception room, a kitchen, and a bathroom. The first floor offers three bedrooms. Externally, the property features both front and rear gardens, enhancing its appeal as a residential dwelling in this tranquil town setting of Shaftesbury.

Gross yield percentage: 12.71%

The lot will be brought to auction by Auction House London on 31st July 2024 with a Guide Price of £85,000.

Shop and 1 Bed First Floor Flat, Swindon

(For Sale with Auction House London)

Shop and 1 Bed First Floor Flat in Swindon - For Sale with Auction House London with a Guide Price of £80,000 (July 2024)

This freehold mid-terrace building is structured to accommodate a ground-floor shop and a fully let first-floor one-bedroom flat, generating a combined annual income of £17,400.

The property features a ground-floor retail area and a first-floor comprising a reception room, kitchen, bedroom, and bathroom. Situated on a mixed-use road near local shops and amenities, with St Marks Recreation Ground nearby. Swindon rail station provides convenient transport links. This property offers an attractive investment opportunity with a stable rental income stream, positioned in a well-connected area that appeals to both residents and businesses alike.

Gross yield percentage: 19.33%

The lot will be brought to auction by Auction House London on 31st July 2024 with a Guide Price of £80,000.

4 Flats in Three Storey Town House, Reading

(For Sale with Landmark Auctions)

4 Flats in Three Storey Town House in Reading - For Sale with Landmark Auctions with a Guide Price of £425,000 (July 2024)

The property is a freehold three-storey townhouse, converted into 4 flats over a decade ago and currently leased to tenants. Amenities include off-road parking for two cars alongside permit parking availability.

Situated in a residential area of Reading near The Royal Berkshire Hospital, the property enjoys proximity to local shops. It’s a 20-minute walk to The University of Reading and College, with Reading Shopping Centre reachable in 15 minutes and Reading Station just 5 minutes further. Three of the flats offer one bedroom and the other flat offers studio accommodation.

Gross yield percentage: 12.71%

The lot will be brought to auction by Landmark Auctions on 30th July 2024 with a Guide Price of £425,000.

6 Bed Semi-Detached House, Colchester

(For Sale with iamsold)

6 Bed Semi-Detached House in Colchester - For Sale with iamsold with a Starting Bid of £325,000 (July 2024)

This bay-fronted semi-detached house with six bedrooms presents a lucrative HMO investment opportunity, currently generating £3150 per calendar month before utilities. Located on St Andrews Avenue, it offers convenient access to Hythe train station, Tesco superstore, and the University of Essex, making it attractive to tenants.

The property features a lounge/diner, a kitchen, three ground-floor bedrooms, and a shower room. Upstairs, there are three additional bedrooms and a four-piece bathroom. Outside, a spacious driveway accommodates multiple vehicles, complemented by a large enclosed rear garden. This investment is ideally positioned for those seeking a substantial rental income in a prime location with excellent transport links and nearby amenities.

Gross yield percentage: 11.63%

The lot will be brought to auction by iamsold on 30th July 2024 with a Starting Bid of £325,000.

Takeaway, 4 Bed Flat, 2 Bed Cottage and 1 Bed Basement Flat, Skegness

(For Sale with Barnard Marcus Auctions)

Takeaway, 4 Bed Flat, 2 Bed Cottage and 1 Bed Basement Flat in Skegness - For Sale with Barnard Marcus Auctions with a Guide Price of £200,000 (July 2024)

This semi-commercial property presents a lucrative investment opportunity in the popular seaside town of Skegness, boasting three rental incomes of over £28,000 per annum. The property includes a takeaway with a four-bedroom flat above, a separate two-bedroom cottage, and a one-bedroom basement flat. Conveniently, there is off-street parking available at the rear for multiple vehicles.

The takeaway and flat are leased until March 10, 2033, contributing £16,800 annually to the rental income. Additionally, the cottage commands £500 per month and the basement flat offers £450 per month. This versatile investment opportunity promises stable income streams from multiple sources, making it an attractive proposition for investors seeking reliable returns.

Gross yield percentage: 14.10%

The lot will be brought to auction by Barnard Marcus Auctions on 30th July 2024 with a Guide Price of £200,000.

3 Bed End Terrace House, Blaengarw

(For Sale with Paul Fosh Auctions)

3 Bed End Terrace House in Blaengarw - For Sale with Paul Fosh Auctions with a Guide Price of £55,000 (July 2024)

Situated in the village of Blaengarw, this end-of-terrace property occupies a corner position and has been tenanted by a long-term occupant eager to continue leasing to ensure this is a long-lasting return. The village offers a variety of local amenities and is surrounded by picturesque countryside, with proximity to the upcoming Afan Valley holiday resort, currently under development.

The property reportedly offers the ground floor an entrance, two reception rooms, and a kitchen. Upstairs, there are three bedrooms and a bathroom. Outside, there is a rear yard. This opportunity presents a stable investment with a reliable tenant in place, situated in a scenic village location with potential future benefits from nearby developments.

Gross yield percentage: 10.36%

The lot will be brought to auction by Paul Fosh Auctions on 23rd July 2024 with a Guide Price of £55,000.