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.
With tons of investment potential and a variety of prices and sizes of properties, these residential and commercial properties in Essex are up for auction in May and June.
Located in Dolphin Approach in Romford, this one-bedroom apartment features an entrance hall leading to a lounge and a fitted kitchen. The bathroom includes a three-piece suite for convenience and there is one bedroom.
Ideal for professionals, this flat is a great rental opportunity with easy access to transportation. With proximity to the shopping centre, the apartment is a great spot for those looking to be in the centre of Romford which is a popular city in Essex.
The lot will be brought to auction by Get An Offer Auctions on the 24th of May 2024 with an Opening Bid of £180,000.
Offering ample space, the property includes a generously sized garden and off-street parking at the front. Located less than a mile from Rainham station, it is ideal for city commuters. Nearby amenities include a Tesco superstore, niche shops, and dining options in Rainham Village. This family-friendly home is close to several schools and nearby green spaces which offer opportunities for recreation and relaxation for both adults and children.
The property will be brought to auction by Modern Auctioneer iamsold on 6th June 2024 with a Starting Bid of £425,000.
This two-bedroom detached bungalow requires modernisation and offers a rear garden, off-street parking, and a garage. Situated on Clapgate Drive, accessed from St Osyth Road East, the property is vacant and ready for renovation.
Conveniently located near the shopping and recreational facilities of Clacton-On-Sea, it also benefits from easy access to road links via the A133. Clacton-On-Sea rail station provides transportation options, enhancing its appeal for both local amenities and commuting.
Savills Property Auctions will bring the lot to auction on 29th May 2024 with a Guide Price of £150, 000.
This vacant three-bedroom terraced house is situated in the desirable Southchurch Village area, offering proximity to the town centre and convenient access to Southend East station. Ideal for either owner occupation or as a rental investment, the property has an estimated rental potential of £1,500 per calendar month, yielding a gross return of 9%.
This opportunity presents a versatile option for homeowners or investors looking to capitalise on a well-located property in Southend-On-Sea. On the Lornes Close, this is in a popular seaside town making this a possible seaside rental opportunity.
The lot will be taken to the auction by First For Auctions on 31st May 2024 with a Guide Price of £200,000.
This semi-detached three-bedroom house in Romford is in excellent condition and features a private driveway for off-street parking. It offers bright, spacious living areas including two reception rooms, a conservatory leading to a private garden, a modern integrated kitchen, and a family bathroom suite. There is potential for a loft extension subject to obtaining the necessary consent.
Conveniently located near Romford High Street and under a ten-minute drive to the town centre, the property enjoys easy access to a variety of shops, department stores, and the market. Harold Wood boasts excellent schooling options with nine primary and secondary schools. Leisure amenities are plentiful with the nearby Brewery Complex. The leisure centre provides top-quality gym facilities, a large swimming pool, and an ice rink. Transport is convenient with Harold Wood Station nearby.
Savills Property Auctions will bring the lot to auction on 29th May 2024 with a Guide Price of £335,000.
The property in Colchester consists of three retail units and a self-contained flat on the upper floor, with a rear car park. Upon completion, the upper floor flat will be retained under a new 999-year lease.
Located on the east side of Kingsland Road, a key route leading to the centre of West Mersea, the property is positioned south of its intersection with Rainbow Road. This location offers strategic visibility and accessibility within the local area, making it a desirable investment opportunity for commercial and residential purposes alike.
Savills Property Auctions will bring the lot to auction on 29th May 2024 with a Guide Price of £85,000.
This pair of freehold retail units occupy a prominent location along a main road in the town centre of Clacton-on-Sea. Each unit is self-contained and includes a parking space.
Unit No. 97 is currently leased under a rolling 12-month license to a dog groomer, generating a monthly rent of £700. Unit No. 99, previously a hot food takeaway at the same rental rate, is currently vacant. The potential annual yield exceeds 11% based on the low guide price, making this an attractive opportunity for both investors and end users alike. The property offers flexibility for either continued rental income or personal use.
Auction House East Anglia will bring the lot to auction on 12th June 2024 with a Guide Price of £150-180,000.
This freehold property and adjacent land present an enticing opportunity for redevelopment, currently vacant and offering substantial potential. The property comprises a mixed-use building with a shop on the ground floor and two floors of accommodation above. Additionally, there is an adjoining vacant site with planning permission granted for a new residential building spanning four storeys, designed to accommodate eight apartments.
The location and existing permissions provide a solid foundation for development initiatives, pending necessary consent. This offering appeals to investors seeking to capitalise on the potential of mixed-use redevelopment projects, blending commercial and residential spaces in an urban setting.
The lot will be taken to the auction by Savills Property Auctions on 29th May 2024 with a Guide Price of £285,000.
No. 8 provides ground-floor retail space with a self-contained three-bedroom maisonette boasting a large balcony. Located on Broadway at the corner of Sea Cornflower Way, Jaywick Village enjoys proximity to sandy beaches and essential local amenities. Originally built in the 1930s as a holiday destination, Jaywick offers a coastal lifestyle within reach of Clacton-on-Sea.
The property will go to auction with BidX1 Auctions on the 23rd of May 2024 with a Guide Price of £195,000.
The ground floor features a retail area, kitchen, and WC, while the first floor comprises three rooms awaiting development. The property is offered as freehold tenure, providing flexibility for future modifications or investment opportunities. This arrangement presents a versatile investment proposition, appealing to those seeking a mixed-use property with the potential for enhancement and income generation in a well-connected location.
The lot will be brought to auction by Auction House London on the 21st of May 2024 with a Guide Price of £95,000.
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