Whether you’re a seasoned property investor or seeking the very first asset for your portfolio at the very start of your journey, it’s important to know that auctions can be an excellent source.
Many lots go for low prices, allowing Buy to Let investors to make excellent returns. Below, we’ve selected a number of tenanted lots currently up for sale auction across the UK
This spacious terraced house has been divided into four separately let rooms, with a shared dining room, kitchen and bathroom. The property also has a rear garden.
Currently attracting £1,505 per month, with all tenants on (or due to enter) 1 month rolling Assured Shorthold Tenancies and none in arrears, the lot is well-positioned in the centre of Lancaster, less than a 10-minute walk from the Royal Lancaster Infirmary and within easy reach of a number of excellent schools, eateries and pubs.
Gross yield percentage: 13.38%
The seller is bringing this property to Auction House North West on 20th July 2023 with a Guide Price of £135,000.
Just a three-minute walk from Burnley Barracks train station and a seven-minute drive from the town centre and only two minutes from junction 10 of the M65, this property benefits from an exceptionally convenient location.
Currently in receipt of £500 per month on an Assured Shorthold Tenancy, the details of which are available via the auctioneer and in the legal pack, this terraced property has not been inspected but is reportedly in good condition.
The property has a compact back yard, but also benefits from nearby green space with superb views across the hills.
Gross yield percentage: 17.64%
The lot will be brought to auction by Edward Mellor Property Auctions on 26th July 2023 with a Guide Price of £34,000.
This very attractive semi-detached property is available in very good condition and is currently let on a 12-month Assured Shorthold Tenancy, receivinh £700 per month. Featuring three good-sized bedrooms, and with front and rear gardens, there may be future potential for extension depending on consents.
Situated just around the corner from bustling Whitwood Common Lane, an eight minute drive from the very centre of Castleford, the property benefits from its close proximity to a number of shops, pubs and eateries, and is very well-connected. The Normanton Interchange – junction 31 of the M62 – is just a three-minute drive from the property.
The heart of Wakefield can be reached in 20 minutes, and Leeds city centre is only 30 minutes away.
Gross yield percentage: 12.00%
The lot will be brought to auction by Town and Country Property Auctions on 27th July 2023 with a Guide Price of £70,000.
Comprised of a reception room and kitchen/diner on the ground floor, as well as two bedrooms and a bathroom with WC on the first floor, this end-terrace property currently receives £700 per calendar month in rent.
Less than 10 minutes from the centre of Bolton and the local train station, and just up the road from the Royal Bolton Hospital, the lot is well-placed for amenities. There are plenty of open green spaces nearby, with Leverhulme Park, Moses Gate Country Park and Queens Park all accessible within 15 minutes.
Gross yield percentage: 14.00%
The lot will be brought to auction by Taylor James Property Auctions on 26th July 2023 with a Guide Price of £60,000.
Less than five minutes’ walk from Wakefield High Street, which features the brand new Shakespeare North Playhouse along with a plethora of retail outlets, shops, pubs and more, this terraced property is comprised of a reception room, kitchen and bathroom with WC to the ground floor, as well as two good-sized bedrooms to the first floor.
The lot also includes a rear garden and a small forecourt.
Prescot train station is a little over 10 minutes’ walk away, and junction 2 of the M57 can be reached in just five minutes.
Currently let on a six month Assured Shorthold Tenancy at £620 per month, the property may eventually require some updating but is in reasonable order.
Gross yield percentage: 18.60%
The lot will be brought to auction by Taylor James Property Auctions on 26th July with a Guide Price of £40,000.
Located just five minutes’ walk from Uttoxeter train station (Staffordshire), this three-storey property is currently divided into two flats, and receives £10,800 per annum in income from Assured Shorthold Tenancies.
The single-storey ground floor flat is comprised of a reception room, a kitchen, one bedroom and a bathroom with WC, while the flat arranged over the first and second floors features a reception room, kitchen/diner, bedroom and bathroom to the first floor, along with a second bedroom with en suite to the second floor. The property also includes two resident parking spaces.
Uttoxeter Racecourse is just a five minute drive from the lot, and the heart of Uttoxeter is a little over five minutes away on foot, offering all of the amenities of the thriving town centre.
Gross yield percentage: 13.500%
The lot will be brought to auction by ConnectUK Property Auctions on 20th July 2023 with a Guide Price of £80,000.
This spacious property is a six-bed HMO in good condition, currently in receipt of £2,800 per month in rent.
There are two en-suite bedrooms to the ground floor, along with a shared shower room with WC, and a shared living room and kitchen. To the first floor, there are four more bedrooms. The lot features a good amount of parking space to the front, along with a rear garden.
Located less than eight minutes’ drive from the centre of Spalding (Lincolnshire) and a little over five minutes’ walk from popular Commercial Road with its array of amenities, this lot promises a superb return on investment.
Gross yield percentage: 21.00%
The lot will be brought to auction by Auction House East Anglia on 26th July 2023 with a Guide Price of £160,000 – £180,000.
A generously-proportioned property in use as a six-bed HMO, this lot is comprised of a shared kitchen and living room, a WC and two bedrooms (one with en suite) to the ground floor, as well as four additional bedrooms (including another en suite) and a shared bathroom to the first floor.
There is also a forecourt for parking and a sweeping rear garden, mostly laid to lawn.
The property currently receives rental income to the tune of £2,574.65 per month.
Enjoying a lovely open aspect due to its position just across the road from the greenery of Buffery Park, the lot sits just seven minutes’ drive from the centre of Dudley, with junction 2 of the M5 less than 20 minutes’ drive away and a 27 minute drive to Birmingham.
Gross yield percentage: 11.23%
The lot will be brought to auction by Town & Country Property Auctions on 25th July 2023 with a Guide Price of £275,000.
Well-positioned on a quiet street surrounded by open green spaces, this excellent property sits just around the corner from the Dowlais High Street, which features eateries, shops and access to local schools.
Comprised of a spacious reception room and kitchen to the ground floor, as well as two good-sized bedrooms and a family bathroom to the first floor, the lot also features a good-sized paved rear yard. Currently receiving £600 per month in rent, the property benefits from its close proximity to the A465/A470.
The centre of Merthyr Tydfil (South Wales) is accessible in less than 10 minutes by car, and the start of the Brecon Beacons National Park is only nine miles away. The wonderful Cyfarthfa Castle can be reached in just over 10 minutes’ drive.
Gross yield percentage: 11.25%
The lot will be brought to auction by Paul Fosh Property Auctions on 25th – 27th July 2023 with a Guide Price of £64,000.
This well-appointed HMO currently receives £50,318 per annum in rent, and features a shared kitchen and three bedrooms to the ground floor, along with three additional rooms to the second floor. Each room has its own kitchenette and shower/WC.
Located on London Road, which offers a wide range of attractions, including cafés, pubs and convenience stores, residents of the property will be able to reach Central London in an hour and a half by public transport. Lakeside Shopping Centre provides additional amenities.
Chafford Hundred train station is just under 10 minutes drive away.
Gross yield percentage: 12.27%
The lot will be brought to auction by Savills Property Auctions 18th July 2023 with a Guide Price of £410,000.