Buy to Let Auction Properties of the Month – June and July

Contrary all the recent negative press around the buy-to-let sector in recent times, some hunting around the auction houses can often reveal some very interesting opportunities!

In this first monthly update, we’ve selected ten of the most exciting tenanted properties up for sale at auction across the UK during June and July 2023 – taking into account location, potential and gross yield (well over 10%)…

3 Bed Mid-Terrace Property, Blaydon-on-Tyne

(For Sale with Town & Country Property Auctions)

Available freehold and let on an Assured Shorthold tenancy, this lot attracts rent totalling £7,500 per annum.

While the auctioneers have not been able to inspect the interior of the property, they have confirmed that it is comprised of a living room and kitchen to the ground floor, as well as a bathroom and access to a rear courtyard. To the first floor, there are three bedrooms.

With the open green space of Windy Fields Park less than 10 minutes away, and with the shops and hospitality venues of North Street, Front Street and Church Street accessible within five minutes on foot, the home is in a superb position for local schools. Blaydon (Gateshead) train station can be reached within a five minute drive.

Gross yield percentage: 21.43%

The lot will be brought to auction by Town & Country Property Auctions on 24th – 29th June 2023 with a Guide Price of £35,000.

3 Bed End-Terrace House, Saltburn-by-the-Sea

(For Sale with Town & Country Property Auctions)

Comprised of a good-sized living room, kitchen, WC and lobby space to the ground floor, along with a family bathroom and three bedrooms to the first floor, this recently refurbished lot is let on an Assured Shorthold Tenancy at £8,400 per annum.

Benefitting from a convenient position just around the corner from the town’s High Street, the residents of this property have easy access to plenty of amenities. The centre of Middlesbrough is 30 minutes’ drive away, and Saltburn Beach can be reached in just 10 minutes.

Gross yield percentage: 21%

The lot will be brought to auction by Town & Country Property Auctions on 24th-29th June 2023 with a Guide Price of £40,000.

3 Bed End-Terrace House, Hull

(For Sale with Town & Country Property Auctions)

A characterful property with gardens wrapping round from the front to the rear, this freehold lot has not been internally inspected but appears to be available in very good condition.

Made up of an open plan kitchen/diner/lounge to the ground floor and three good-sized bedrooms with a family bathroom to the first floor, the plot also includes a garage.

Let on an Assured Shorthold Tenancy and receiving £8,700 per annum, this is a superb asset that offers a very good return on investment. Cottingham railway station is a little over five minutes’ drive away, and the centre of Hull can be reached in just over 10 minutes.

There are a range of shops, eateries and supermarkets on nearby Endike Lane to the south and Greenwood Avenue to the north, and the area features a number of local schools.

Gross yield percentage: 17.4%

The lot will be brought to auction by Town & Country Property Auctions on 24th-29th June 2023 with a Guide Price of £50,000.

3 Bed Mid-Terrace House, Halifax

(For Sale with Town & Country Property Auctions)

Let on a three-year Assured Shorthold Tenancy and currently receiving £7,248 per year, this property is comprised of a reception room and kitchen to the ground floor, along with three bedrooms and a family bathroom to the first floor.

There are also gardens to the front and rear.

The lot sits a little over five minutes drive from the centre of Halifax and is well-positioned for local schools. Junctions 24, 25 and 26 of the M62 are all accessible within around 20 minutes.

Gross yield percentage: 14.5%

The lot will be brought to auction by Town & Country Property Auctions on 24th-29th June 2023 with a Guide Price of £50,000.

2 Bed Mid-Terrace House, Bootle

(For Sale with Sutton Kersh Property Auctions)

While it is currently let on an Assured Shorthold Tenancy of £6,000 per annum, the rental income of this property could be raised to £7,200.

Comprised of a lounge, kitchen/diner and bathroom to the ground floor, along with two bedrooms the first floor, this property includes a rear yard.

Less than 15 minutes’ drive from Liverpool city centre, the lot sits just 13 minutes’ walk from Seaforth & Litherland station and just two minutes’ from the open spaces of Poets Park. Knowlsey Road, just a minute away, provides access to plenty of amenities.

Gross yield percentage: 10.91%

The lot will be brought to auction by Sutton Kersh Property Auctions on 13th July 2023 with a Guide Price of £55,000.

3 Bed Mid-Terrace House, Sheffield

(For Sale with Town & Country Property Auctions)

With a large reception room, kitchen and utility to the ground floor, as well as three good-sized bedrooms and a bathroom to the first floor, this attractive property features front and rear gardens and is available in a very good condition.

Currently let on an Assured Shorthold Tenancy and receiving £9,000 per annum, the lot sits close to the greenery of Becket Walk and Becket Avenue Open Space. There are shops, pubs and eateries easily accessible just off Lowedges Road nearby, and the centre of Sheffield is just 23 minutes’ drive away. Junction 33 of the M1 can be reached in 19 minutes.

Gross yield percentage: 15%

The lot will be brought to auction by Town & Country Property Auctions on 29th June 2023 with a Guide Price of £60,000.

2 Bed Mid-Terrace House, Stoke-on-Trent

(For Sale with Barnard Marcus Property Auctions)

This very attractive red brick property requires renovation, but has significant potential.

Currently let on an Assured Shorthold Tenancy and receiving £5,820 per annum, the lot has not been inspected by auctioneers, but is believed to be made up of two reception rooms, a kitchen and a bathroom to the ground floor, with two bedrooms to the first floor. There is also a rear yard.

Just five minutes’ walk from the Potteries Shopping Centre, the property is in a very convenient location between the beautiful Central Forest Park and Northwood Park.

Gross yield percentage: 23.28%

The lot will be brought to auction by Barnard Marcus Property Auctions on 26th June 2023 with a Guide Price of £25,000.

3 Bed Mid-Terrace House, Wednesbury

(For Sale with Town & Country Property Auctions)

Available in good condition and featuring front and rear gardens, this terraced lot is let on a 12 month Assured Shorthold Tenancy from November 2022.

It currently receives £9,900 per annum.

With a reception room, kitchen and conservatory to the ground floor and three bedrooms with a family bathroom to the first floor, the property is located just over five minutes’ walk from the heart of Wednesbury. The surrounding neighbourhood features plenty of amenities, from local schools to pubs, cafés and supermarkets.

Bilston Park can be reached in just two minutes by car, and the centres of Wolverhampton, Walsall and Dudley are all accessible within 20 minutes.

Gross yield percentage: 14.14%

The lot will be brought to auction by Town & Country Property Auctions on 29th June 2023 with a Guide Price of £70,000.

2 Bed Semi-Detached Bungalow, Clacton-on-Sea

(For Sale with Auction House London)

A highly desirable property type in a fantastic location, this good-sized bungalow features a rear yard and comprises of a reception room, a kitchen, two bedrooms and a bathroom.

It is currently let on an Assured Shorthold Tenancy, which produces £6,410.40 per annum.

With Jaywick Beach just five minutes’ walk away, and all of the amenities of the seaside town of Jaywick immediately accessible – including cafés, restaurants, bars, shops and entertainment venues, the property is less than 10 minutes from Clacton-on-Sea by car, with the train station accessible in 10 minutes.

Gross yield percentage: 18.31%

The lot will be brought to auction by Auction House London on 28th June 2023 with a Guide Price of £35,000.

1 Bed Detached Bungalow, Enfield

(For Sale with Auction House London)

Residents of this lovely detached bungalow will benefit from its proximity to London, with the heart of the English capital accessible in less than an hour by public transport.

Featuring a reception room with an open plan kitchen space, one bedroom and a bathroom, the lot is available in good decorative order.

Brimsdown train station (to the east) and Southbury tube station (to the south) can both be reached in around five minutes by car, while the sweeping green space of St George’s Field is accessible on foot within the same time.

Gross yield percentage: 17.25%

The lot will be brought to auction by Auction House London 28th June 2023 with a Guide Price of £80,000.