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.
Edited by Ruban Selvanayagam
Ruban Selvanayagam
Ruban Selvanayagam is a professional cash homebuyer, private rented sector landlord, auction specialist, blogger and media commentator.
These auction properties in the East Midlands offer huge potential for investors. These commercial and residential properties are all up for auction throughout June 2024.
This three-bedroom terrace house is located in Athorpe Grove in Nottingham. In good condition, the house could be rented out after sale to tenants without delay. With an enclosed rear garden, this property could be refurbished and value added to the property.
Situated in a sought-after residential area, it offers excellent access to Nottingham City Hospital, Nottingham Queens Medical Centre, and the university campuses. The location also provides the convenience of being near various local amenities, larger supermarkets, and public transport links, making this a prime spot for a rental opportunity.
The lot will be brought to market by First For Auctions on the 28th of June 2024 with a Guide Price of £110,000.
This is a great opportunity to acquire this spacious detached family home in the highly desirable Allestree area of Derby. Offered with no onward chain, the property is within the catchment area for excellent schools, and close to the shopping Centre and the University of Derby.
The house features an entrance porch leading to an inner hallway with stairs. The generous front lounge includes under-stairs storage, while the rear dining room opens to the garden via sliding patio doors. The separate kitchen has a pantry cupboard, and a small rear lobby connects to a downstairs toilet, ground floor shower room, and doorway to a former garage ideal for conversion into extra reception space. Upstairs, a central landing links three bedrooms, each with built-in storage, and the family bathroom.
The lot will be brought to auction by modern auctioneer iamsold on 27th June 2024 with a Current Bid of £200,000.
The lot will be brought to auction by First For Auctions on 28th June 2024 with an Opening Bid of £100,000.
Auction House London will bring the lot to auction on the 26th of June 2024 with a Guide Price of £20,000.
This property, formally a two-bedroom semi-detached house, is located on Portland Street in Derby. With driveway parking, this has been converted into two self-contained one-bedroom apartments. It is located in a popular residential area with easy access to the city centre of Derby.
Offering a prominent location, the two apartments are located near the hospital and major commuter routes like the A38 and A50, as well as Peartree and Derby stations. This makes it an ideal investment for letting, with an estimated rent of £1020 per month, yielding a gross return of 13.60% per annum. The sale includes both the freehold and two leasehold titles for each flat.
The property will be brought to market by First For Auctions on 28th June 2024 with a Guide Price of £90,000.
This freehold former office in the popular town of Bakewell offers a versatile opportunity. The premises include office space, a kitchen area, and a bathroom, all maintained to a high standard. Given its location and the demand for accommodation in the area, the building could be repurposed into an Airbnb or similar use, subject to the appropriate approvals. The layout supports a relatively low-cost conversion.
Bakewell boasts a variety of local amenities, including a market, and excellent access links to Sheffield, Derby, and Chesterfield. Nestled in the beautiful Derbyshire countryside, the former office is near popular attractions such as Chatsworth House and Haddon Hall.
The lot will be brought to auction by SDL Property Auctions on 27th June 2024 with a Guide Price of £85,000.
This freehold mid-terrace building in Chesterfield city centre includes a ground-floor shop, first-floor ancillary space currently let for £40,000 per annum and a vacant second-floor ancillary space with potential for residential conversion. The property is ideally located near prominent retailers such as Primark and Marks and Spencer, with convenient transport links provided by the rail station.
The ground floor features a shop area, while the first and second floors offer additional space. A substantial rental opportunity, this has bundles of potential and is a great addition to a property portfolio.
The lot will be brought to auction by Auction House London on the 27th of June 2024 with a Guide Price of £180,000.
This adult community education centre is located on Spring Bank Road in New Mills and sits on a substantial plot. The property features a detached, two-storey building with an impressive stone façade.
The site offers potential for various alternative uses, such as apartments, a medical centre, or other community projects, subject to obtaining planning consent.
This two-storey former bank is situated in the heart of Ripley town centre. This property occupies a prominent position on Oxford Street, surrounded by popular businesses such as Costa and Greggs. Just a five-minute drive from the A38 and A610, and 12.3 miles northwest of Nottingham City Centre, the location is convenient and accessible.
The ground floor offers open-plan accommodation and an office, while the first floor provides offices, storage, and a staff room. This versatile space is suitable for a variety of uses, making it an ideal opportunity for owner-operators and investors. The property is close to various amenities, including shops, pubs, and restaurants.
Auction Estates will bring the lot to auction on the 20th of June 2024 with a Guide Price of £130,000.
This two-storey mid-terraced 19th-century retail unit spans the ground and first floors. The ground floor features an L-shaped retail area with additional storage at the rear. The first floor offers more storage/office space, WC, and kitchen facilities. The property includes on-site parking for one vehicle and a lock-up garage at the rear.
Located in Belper, a popular market town in Amber Valley, the property sits prominently at the junction of the A6 and King Street. The A6, Belper’s main arterial route, connects the town to Derby to the south, and Matlock and Bakewell to the north. The property benefits from high visibility and foot traffic, being close to a variety of established shops, cafes, and businesses.
SDL Property Auctions will bring this property to auction on 27th June 2024 with a Guide Price of £140,000.
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