Property Development Opportunities at Auction – May

When it comes to property investment for developers, auctions are an intriguing place to look for lots with potential. We’ve selected lots and properties with planning permission in place or have an ongoing application located across the UK during May 2024.

 Town Centre Development Property, Annan

(For Sale with Auction House Cumbria)

Town Centre Development Property in Annan - For Sale with Auction House Cumbria with a Guide Price of £45-55,000 (May 2024)

This town centre development property is a great property investment with obtained planning consent in March 2023. This consent allows for a change of use, converting the current first-floor office suite into three self-contained flats across the first and second floors of the commercial property.

The proposed layout includes a two-bedroom flat, a one-bedroom flat on the first floor, and a two-bedroom flat on the second floor. This development presents an opportunity for residential expansion in the town centre, catering to varied housing needs. Located in Annan, the property is in the heart of the town centre with shops, restaurants and schools nearby.

The lot will be brought to auction by Auction House Cumbria on 30th May 2024 with a Guide Price of £45-55,000.

3 Bed Dwelling Planning, Bexleyheath

(For Sale with Town & Country Property Auctions)

3 Bed Dwelling Planning in Bexleyheath - For Sale with Town & Country Property Auctions with a Guide Price of £160,000 (May 2024)

This development prospect offers a parcel of land boasting planning permission for a two-storey, three-bedroom house, complete with off-street parking and a garden. This opportunity is ripe for realisation and the purchase encompasses comprehensive construction drawings and site surveys, facilitating immediate construction readiness.

Formerly occupied by a double garage, the site has undergone demolition and is presently secured with hoarding. This presents an ideal canvas for development for a multitude of purposes.

The lot will be brought to auction by Town & Country Property Auctions on 30th May 2024 with a Guide Price of £160,000.

4 Bed Detached House, Northwood

(For Sale with SDL Property Auctions)

4 Bed Detached House in Northwood - For Sale with SDL Property Auctions with a Guide Price of £995,000 (May 2024)

This four-bedroom detached property is nestled on a sizable south-facing plot within a highly desirable locale. This property boasts current planning permission for a double-storey rear and loft extension. Currently, the accommodation comprises four bedrooms, one bathroom, and two living rooms, with ample off-street parking and garaging.

Furthermore, there exists the potential for reconstruction, subject to planning permissions and consent. Situated in Northwood, the area offers a range of amenities including shopping facilities, restaurants, and the Metropolitan Line Station, providing convenient access to Baker Street and beyond. Additionally, the locality features a variety of private and state schools, places of worship, and recreational venues. Major motorway links to M25 and M1 are nearby, enhancing connectivity and accessibility.

The lot will be brought to auction by SDL Property Auctions on 30th May 2024 with a Guide Price of £995,000.

Land with Planning for 2 Bed Detached House, Enfield

(For Sale with McHugh & Co Auctions)

Land with Planning for 2 Bed Detached House in Enfield - For Sale with McHugh & Co Auctions with a Guide Price of £80,000 (May 2024)

Offering freehold land with approved planning permission for a two-bedroom detached house in the London Borough of Enfield. Situated off Avondale Crescent, adjacent to the garages near 19 Westfield Close, the location is convenient to local amenities such as Brimsdown Rail Station, Southbury Overground Station, and Durants Park.

Planning permission has been granted for the construction of a two-storey detached dwelling house. This opportunity presents vacant possession, promising a blank canvas for development in a well-connected and accessible area, ideal for potential homeowners or investors seeking to capitalise on the thriving Enfield market.

The lot will be brought to auction by McHugh & Co Auctions on 22nd May 2024 with a Guide Price of £80,000.

Ground Floor Restaurant and First and Second Floor Accommodation, Barnet

(For Sale with Auction House London)

Ground Floor Restaurant and First and Second Floor Accommodation in Barnet - For Sale with Auction House London with a Guide Price of £775,000 (May 2024)

This property comprises a versatile mixed-use building, featuring a ground-floor restaurant with ancillary accommodation on the first floor and a one-bedroom flat on the second floor. It is held under freehold tenure and is located on a mixed-use road, close to local amenities and the green spaces of King George’s Field. Transport links are easily accessible via High Barnet underground station and New Barnet rail station.

Planning permission has been granted for several alterations and conversions. This includes changing the ground floor converting the first floor into two self-contained flats, and enhancing the self-containment of the existing second-floor flat. Additional provisions include a new shop front and front access to residential units. Associated internal and external alterations are also planned, ensuring optimal functionality.

The lot will be brought to auction by Auction House London on 21st May 2024 with a Guide Price of £775,000.

Site with Planning for 4 Bed Detached House, London

(For Sale with Barnard Marcus Auctions)

Site with Planning for 4 Bed Detached House in London - For Sale with Barnard Marcus Auctions with a Guide Price of £180,000 (May 2024)

This freehold site offers previous planning permission for a four-bedroom detached house, providing full vacant possession. Situated on Kings Road, behind 101 Wallwood Road, the location boasts proximity to Leytonstone’s amenities, Whipps Cross Hospital, Hollow Ponds, and Stratford to the south. Transport links include the A12, A406, or M11 roads, local bus services, and Leytonstone Central Line or Leytonstone High Road rail stations.

Previous planning permission outlined the construction of a four-bedroom single-dwelling house, with amended plans. The proposed accommodation includes a four-bedroom detached house with front parking and a garden. It’s noteworthy that the property at 101 Wallwood Road is included in this auction. This presents an opportunity for buyers to acquire a ready-to-develop plot in a well-connected area with existing planning consent.

The lot will be brought to auction by Barnard Marcus Auctions on 21st May 2024 with a Guide Price of £180,000.

Hotel with Planning for 9 Bedroom Apartments, Porth

(For Sale with Town & Country Property Auctions)

Hotel with Planning for 9 Bedroom Apartments in Porth - For Sale with Town & Country Property Auctions with an Opening Bid of £130,000 (May 2024)

The former hotel premises in Porth come with planning permission granted for the conversion into nine two-bedroom apartments making this a substantial investment property. Positioned between Swansea and Cardiff, this location offers strategic accessibility and potential for residential development.

Planning consent has been successfully secured for the creation of nine spacious two-bedroom apartments within the existing structure. This auction presents an attractive investment prospect for developers or investors seeking to capitalise on the demand for residential properties in the area. This prime opportunity will transform a former hotel into a lucrative residential asset in a highly sought-after location in Porth.

The lot will be brought to auction by Town & Country Property Auctions on 30th May 2024 with an Opening Bid of £130,000.

3 Flats in Mid Terrace Building, London

(For Sale with Barnard Marcus Auctions)

3 Flats in Mid Terrace Building in London - For Sale with Barnard Marcus Auctions with a Guide Price of £695,000 (May 2024)

This freehold mid-terrace building consists of three flats which need refurbishment, with previous planning permission for a dormer roof extension to accommodate a second-floor one-bedroom flat. The property offers full vacant possession and encompasses various potentialities for development.

Situated on Wallwood Road, it enjoys proximity to Leytonstone’s amenities, the hospital, hollow ponds and Stratford. Transportation options include the local bus services, and Leytonstone Central Line or Leytonstone High Road rail stations. The existing accommodation includes multiple rooms, kitchens, bathrooms, and a cellar across different floors. Outdoor features include front and rear gardens.  Previous planning permission allowed for the construction of a dormer roof extension, alterations to the rear elevation, and the creation of a one-bedroom flat on the second floor, presenting an opportunity for enhancement and expansion if planning is obtained.

The lot will be brought to auction by Barnard Marcus Auctions on 21st May 2024 with a Guide Price of £695,000.

Bar with 3 Bed Apartment, Durham

(For Sale with Town & Country Property Auctions)

Bar with 3 Bed Apartment in Durham - For Sale with Town & Country Property Auctions with a Guide Price of £170,000 (May 2024)

This exceptional investment opportunity presents itself with Harry’s Bar, complemented by a three-bedroom apartment above. With a current income of £18,000 per annum from the bar and £7,200 per annum from the flat, the property holds promising returns. Additionally, the three-bedroom flat is currently vacant, offering further potential.

Plans have been submitted for conversion into an 11-bedroom House in Multiple Occupation (HMO), providing an avenue for expansion and increased revenue.  Offered as freehold, internal inspection is recommended to fully grasp the property’s value and potential. Plans for the proposed conversion into an 11-bed HMO are available upon request, ensuring this is a versatile and lucrative investment prospect.

The lot will be brought to auction by Town & Country Property Auctions on 27th May 2024 with a Guide Price of £170,000.

5 Bed Detached House, Windermere

(For Sale with Auction House Cumbria)

5 Bed Detached House in Windermere - For Sale with Auction House Cumbria with a Guide Price of £450-550,000 (May 2024)

Nestled in the heart of the Lake District National Park, this five-bedroom detached house offers a prime location, within walking distance of Windermere and Bowness’s popular amenities. Ideal for families, the property features planning permission for a significant extension, enhancing its value substantially. With groundwork already underway, the proposed extension encompasses additional ground floor space and attic bedrooms, promising ample room for expansion.

The interior boasts charming original features across three reception rooms and five bedrooms, ensuring comfortable living. Outside, a generous garden, off-street parking, driveway, lawned garden, and gravelled seating area provide ample outdoor space. Additionally, two outbuildings offer further potential. Planning permission consists of a substantial ground floor extension, a new porch, dormer windows for extra bedrooms, and a double garage.

The lot will be brought to auction by Auction House Cumbria on 30th May 2024 with a Guide Price of £450-550,000.