Written by Caroline Lamb
Caroline Lamb
Caroline has been working as a freelance copywriter since 2013. In that time, she has created articles, blog posts, landing pages, white papers and other types of content for a huge variety of clients.
Greater London is a highly aspirational place to live, demanding property prices that remain significantly higher than those of the rest of the UK. However, there is a comparatively affordable way to obtain a London auction property or business premises.
In this article, the team at Property Solvers has selected a number of residential and commercial properties available at auction across Greater London throughout May 2023.
Explore the lots below to find your perfect investment – all within an hour of the capital.
This flat is available on a 125 year lease dating back to October 2020. It features two good-sized bedrooms, a kitchen, a living room, a bathroom and a private balcony. All rooms are in good condition, with only a small amount of cosmetic improvement required.
Located on the tenth floor of the Ballinger Point apartment block on Bromley High Street, the lot benefits from a superb position – just seven minutes’ walk from the Bromley-by-Bow underground station and just over 30 minutes from Central London by public transport.
Three Mills Green and Three Mills Island lie just over ten minutes away on foot, while Olympic Park is around ten minutes’ drive away. Further green spaces nearby include Mile End Park and Victoria Park. This bustling part of London provides immediate access to a range of amenities, including schools, eateries, shops, bars and much more.
The lot will be brought to auction by Savills Auctions on 10th May 2023 with a Guide Price of £180,000.
A good-sized property, featuring plenty of outside space in the form of both front and rear gardens, this lot includes a detached garage. To the ground floor, there is a reception room with chimney breast, along with a kitchen and separate dining room. To the first floor, there are three well-proportioned bedrooms and a family bathroom.
The property requires some modernisation throughout.
The lot sits just seven minutes’ drive from Dagenham East underground station, from which Central London is accessible in 50 minutes.
Nearby Rainham Road features several bus stops and provides superb amenities, including shops and eateries – and there are a number of local schools within easy walking distance. The beautiful Ingrebourne Hill Country Park is just under 15 minutes away on foot.
The lot will be brought to auction by SellProp Auctions on 4th May 2023 with a Guide Price of £200,000.
Sitting on Humberstone Road, 20 minutes’ walk from Upton underground station – which provides access to Central London in only 35 minutes – this property includes a modern fitted kitchen but otherwise requires a full programme of refurbishment to bring it to its full potential.
With a reception room, kitchen and bathroom to the ground floor and two generous bedrooms to the first floor, the house also features an attractive rear garden.
Just fifteen minutes’ drive from London City Airport, this property is extremely well-connected. All of the amenities of Barking Road sit just seven minutes’ walk away, while nearby green spaces include the Roman Road playing fields and Plaistow Park.
The lot will be brought to auction by Allsop Property Auctions on 11th May 2023 with a Guide Price of £250,000.
A generously-proportioned end-terrace house with both front and rear gardens, this lot includes a semi-open plan reception room and kitchen to the ground floor, as well as a wet room and three spacious bedrooms to the first floor.
Erith railway station can be accessed by within five minutes by car from the quiet neighbourhood in which this property sits, while the beautiful green spaces of Frank’s Park lies just six minutes’ walk away. Nearby Nuxley Road features a number of eateries and shops, and a variety of local schools serve the area.
The lot will be brought to auction by Allsop Property Auctions on 11th May 2023 with a Guide Price of £250,000.
Nestled in a highly desirable area, flanked by the lovely Poulter Park and the pretty Revesby Wood park and garden on either side, this property features a reception room, kitchen and bathroom to the ground floor and three bedrooms to the first floor. There is a forecourt that provides off street parking, as well as a rear garden.
Some refurbishment may be required throughout the property.
The house sits just an hour from Central London, with the S1 bus leaving from nearby Middleton Road and linking to Mitcham Junction train and tram station. St Helier Hospital is only five minutes’ drive away.
The lot will be brought to auction by Taylor James Auctions on 10th May 2023 with a Guide Price of £200,000.
This good-sized ground floor flat benefits from a spacious private rear garden. Featuring a reception room, a well-proportioned kitchen and a large bedroom, as well as a bathroom, the lot requires some modernisation.
In a highly sought-after location, just over five minutes’ walk from West Croydon station – from which Central London is accessible in just over half an hour – residents of the property will be able to access the Whitgift shopping centre within ten minutes, and Wandle Park within fifteen minutes.
There are a range of amenities on nearby London Road, including supermarkets and eateries.
The lot will be brought to auction by SellProp Auctions on 4th May 2023 with a Guide Price of £100,000. We would strongly suggest reading through the auction legal pack prior to bidding on this property.
Located just around the corner from busy Hornsey Road, which is lined with an array of shops and eateries, this ground floor retail unit is accessible via roller shutter.
Just twelve minutes’ walk from Upper Holloway railway station, the property sits 35 minutes away from Central London by public transport and enjoys a good amount of passing foot traffic.
While the lot may continue to be used for commercial purposes, it also has the potential to be converted into a much-sought-after two-bedroom townhouse, subject to planning permission.
The lot failed to sell at Allsop’s March property auction and remains available with a Guide Price of £260,000.
With Acton’s bustling High Street only two minutes’ walk down the road, this two storey property features a ground floor commercial unit – previously serving as a takeaway – and a two-bed flat with rear access on the first floor.
Offering plenty of potential for change of use, it is worth noting that this property neighbours a similar building which was previously granted planning permission to add another storey (which now features a 1 bed maisonette).
From this location, Acton Town underground station is twelve minutes’ walk away, from which Central London can be reached via the tube in only 30 minutes. Acton’s Springfield Gardens is just two minutes away on foot.
The lot will be brought to auction by Savills Auctions on 10th May 2023 with a Guide Price of £495,000.
This undistressed property represents an exciting investment for any bidder seeking multiple streams of income from the same source. With a commercial unit to the ground floor – currently let on a 16 year lease and receiving £18,720 per annum – the lot also features two studio flats, both of which are let at £30,840 per annum.
The ground floor unit, currently serving as a barber shop – which includes an office area and WC – is held on a 999 year lease from April 2003. There is also a basement studio and a raised ground floor studio, both of which include a kitchen and shower room/WC.
The title of the basement studio is split with the other two units, while the raised ground floor studio is held on a 99 year lease from 25th December 1976.
The new owner may decide to retain all three properties, or to split the lease. The latter action would potentially allow the separate sale of all three. There may also be an opportunity to purchase a share of the freehold.
Only two minutes’ walk from Kensington Olympia station, the lot sits just around the corner from the Kensington Olympia events venue and around 45 minutes from Central London by public transport. Hyde Park is less than 20 minutes away by car, with the amenities of Shepherd’s Bush just up the road – making this a very popular area with plenty of footfall.
The lot will be brought to auction by Savills Auctions on 10th May 2023 with a Guide Price of £650,000.
Only five minutes’ walk from Larkhall Park and four minutes from Wandsworth Road station – which provides access to Central London in only 21 minutes, this freehold property measures approximately 4,747 square feet in total and is comprised of a warehouse with storage to the ground floor, as well as three offices, a WC and a kitchenette on the first floor.
There is significant potential for redevelopment and/or change of use, depending on relevant consents. With Battersea Park and Clapham Common close at hand, and a range of amenities within easy access, this is a very promising opportunity for any investor.
The lot will be brought to auction by regulated auctioneer Knight Frank on 11th May 2023 with a Guide Price of £250,000.
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