June Auction Property Deals of the Month – Greater London

See below for this month’s selection of residential and commercial auction properties within the Greater London area.

We have chosen a range of lots, based on their location, features and potential ROI to present you with just a few of the superb investments inside the M25.

Residential Auction Properties – Greater London

3 Bed Terraced House, Watford

(For Sale with I Am Sold Auctions)

3 Bed Terraced House in Watford - For Sale with I Am Sold Auctions with a Guide Price of £375,000 (June 2023)

Available in move-in-ready condition, with modern features including a fitted kitchen and updated family bathroom, this Victorian property includes two separate reception rooms, three comfortably-sized bedrooms and a rear garden.

Available freehold, the home sits just five minutes’ walk from Watford North Station, which provides access to Central London in just 43 minutes. St Albans Road – just a couple of minutes away on foot – features a wide range of amenities, including grocery stores, eateries and swift access to local schools and pubs.

Berrygrove Interchange, on junction 5 of the M1, is only seven minutes’ drive away.

The lot will be brought to auction by I Am Sold Auctions on 1st June 2023 with a Guide Price of £375,000.

Split Level Maisonette, Haringey

(For Sale with Barnard Marcus Auctions)

Split Level Maisonette in Haringey - For Sale with Barnard Marcus Auctions with a Guide Price of £350,000 (June 2023)

Located right on the edge of the beautiful Walthamstow Wetlands, this property also benefits from close proximity to The Paddock Community Nature Park, Tottenham Hale Retail Park and Tottenham Hale underground and train station – all of which are accessible within 10 minutes’ walk.

Comprised of three bedrooms, a reception room, kitchen and bathroom, this split level maisonette also includes a garden, and is available on a 125 year lease which began on 2nd September 1985. The seller is disposing the property with a tenant in situ, and receives a monthly income of £2,000 – making it an interesting proposition to add to one’s portfolio (subject to due diligence of the legal pack)

It will be brought to auction by Barnard Marcus Auctions on 26th June 2023 with a Guide Price of £350,000.

First Floor Studio Apartment, Chelsea

(For Sale with Higgins Drysdale Auctions)

First Floor Studio Apartment in Chelsea - For Sale with Higgins Drysdale Auctions with a Guide Price of £20,000 (June 2023)

This is a rare opportunity to purchase an elegant studio apartment in the aspirational borough of Chelsea.

Located within the attractive Daver Court building, which enjoys leafy surroundings and sits just around the corner from St Luke’s Gardens and Royal Brompton Hospital, the flat can be found on the first floor of the complex and is in need of some modernisation.

With Kensington Gardens and Hyde Park just over 15 minutes away, and South Kensington tube station accessible on foot inside of 10 minutes, the attractions and amenities of Central London are all within easy reach.

Available with vacant possession, this lot’s lease is due for renewal in under five years – offering plenty of opportunity to see speedy appreciation of its value.

The lot will be brought to auction by Higgins Drysdale Auctions on 23rd June 2023 with a Guide Price of £20,000.

3 Bed Detached House, Eltham

(For Sale with I Am Sold Property Auctions)

3 Bed Detached House in Eltham - For Sale with I Am Sold Property Auctions with a Guide Price of £395,000 (June 2023)

A generously proportioned property, featuring a spacious reception room with adjoining conservatory, a separate dining room and kitchen with store and three good-sized bedrooms, along with a shower room/WC, this lot benefits from plenty of outdoor space to the front, side and rear.

Well-positioned on the corner of peaceful St. Keverne Road and Framlingham Crescent, the home sits less than five minutes’ walk from Wayside Green Open Space and 10 minutes from Marvel’s Wood.

Shops, eateries and schools can be found just off nearby White Horse Hill, Green Lane and Belmont Lane. With Mottingham, New Eltham and Elmstead Woods stations all within ten minutes’ drive, Central London can be reached in just over 50 minutes.

The lot will be brought to auction by I Am Sold Property Auctions on 7th June 2023 with a Guide Price of £395,000.

3 Bed End Terrace House, Norbury

(For Sale with Network Auctions)

3 Bed End Terrace House in Norbury - For Sale with Network Auctions with a Guide Price of £375,000 (June 2023)

With most rooms in excellent condition, this end-terrace property in lovely Norbury Cross requires just a little modernisation to bring it to its full potential. Comprised of two separate reception rooms, a modern fitted kitchen, three comfortably-sized bedrooms, an elegant family bathroom and attractive gardens to the front and rear, this lot has a great deal to offer.

Pollard’s Hill park is just five minutes away on foot, wile Mitcham Common can be reached in a similar amount of time by car. Nearby London Road features shops, cafés and restaurants, bars, salons and more, while catching one of the area’s regular buses to Morden tube station will allow residents access to Central London in just under an hour. Alternatively, driving to the heart of the capital takes around 50 minutes.

London Biggin Hill Airport is a little over half an hour’s drive away, and the property is perfectly placed for local schools.

The lot will be brought to auction by Network Auctions on 8th June 2023 with a Guide Price of £375,000.

4 Bed Terraced House, Croydon

(For Sale with Harman Healy Auctioneers)

4 Bed Terraced House in Croydon - For Sale with Harman Healy Auctioneers with a Guide Price of £320,000 (June 2023)

Just over 10 minutes’ walk from West Croydon train and underground station, residents of this property will be able to access Central London within 30 minutes.

Having suffered water damage, some refurbishment is required to bring the lot to its full potential. It is arranged over three storeys, and features two separate reception rooms, a generous kitchen and a WC to the ground floor, a split level first floor with three bedrooms and a bathroom, and an additional bedroom to the second floor. There is also a very attractive rear garden.

The property sits within easy reach of St Helier and Purley War Memorial hospitals, as well as London Biggin Hill Airport. There are plenty of amenities to be found on bustling London Road and within the Centrale Shopping Centre, which is less than 15 minutes’ walk away.

The lot will be brought to auction by Harman Healy Auctioneers on 8th June 2023 with a Guide Price of £320,000.

Commercial Auction Properties – Greater London 

4-Storey Former Pub, Romford

(For Sale with Auction Property)

4-Storey Former Pub in Romford - For Sale with Auction Property with a Guide Price of £1,500,000 (June 2023)

Requiring a full schedule of works due to sitting vacant for several years, this former pub offers bags of potential to the right buyer.

Arranged over four storeys – plus a part basement – the lot has a gross internal area of around 18,558 square feet and requires renovation throughout. There is scope for the development of a car park, and plans have been drafted for conversion into 35 flats – although consent has not yet been sought.

Due to its position on Romford High Street, the property benefits from high levels of footfall. The nearby Liberty Shopping Centre and Romford train station can be reached on foot in just over five minutes, providing swift access to all of the amenities of the town centre.

Central London is just 50 minutes away by public transport.

The lot will be brought to auction by Auction Property on 15th June 2023 with a Guide Price of £1,500,000.

Fully Let Hospitality Venue, Ealing

(For Sale with Landmark Auctions)

Fully Let Hospitality Venue in Ealing - For Sale with Landmark Auctions with a Guide Price of £1,550,000 (June 2023)

Located on the border between Acton and Ealing, this lot benefits from highly desirable surroundings – with the area well-known for its attractive parks and open spaces.

Available on a freehold basis, the property is currently fully let and achieving a 9.3% yield. Serving as a restaurant and shisha lounge, the property neighbours the Royale Leisure Park and enjoys a position just five minutes’ walk from the Park Royal underground station.

The nearby A40/Western Avenue provides quick access to Central London by car, with the journey taking just over 45 minutes.

The lot will be brought to auction by Landmark Auctions on 21st June 2023 with a Guide Price of £1,550,000.

Ground Floor Lock Up Shop, Ealing

(For Sale with Landmark Auctions)

Ground Floor Lock Up Shop in Ealing - For Sale with Landmark Auctions with a Guide Price of £400,000 (June 2023)

Another Ealing property, this single-storey commercial unit sits just over the road from the sweeping green spaces of Ealing Common and the underground station of the same name.

Available freehold, but currently let and receiving £2,000 per annum, the lot enjoys significant levels of footfall due to its proximity to the tube and the common, as well as its position on bustline Uxbridge Road. Planning has been granted for an upward extension and the development of two 1-bed apartments.

Central London is just over 35 minutes away by public transport.

The lot will be brought to auction by Landmark Auctions on 21st June 2023 with a Guide Price of £400,000.

2 Retail Units with Planning Permission, Deptford

(For Sale with Auction Property)

2 Retail Units with Planning Permission in Deptford - For Sale with Auction Property with a Guide Price of £700,000 (June 2023)

Comprised of two retail units with basement space, along with potential residential accommodation arranged over the two floors above, planning permission was granted on this property in 2016 for the development of separate first and second floor 2-bed flats, along with a maisonette set alongside shop space to the basement and ground floors.

While this consent has now lapsed, it sets a clear precedent – and further permission has since been granted for basement excavations to provide additional retail space.

Both commercial units are currently let, and prospective buyers should consult their tenancy schedules.

Deptford train station can be found less than five minutes’ walk along the busy High Street on which the lot sits, allowing residents to reach Central London in just half an hour.

New Cross Road provides quick access to the city centre by car. Greenwich Park is less than 10 minutes’ drive away.

The lot will be brought to auction by Auction Property on 15th June 2023 with a Guide Price of £700,000.