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

Despite the ongoing threats of EPC requirements, Section 24, amongst others – buy-to-let has certainly become a trickier space to operate in.  In this new monthly feature, we highlight some of the properties available at auction across the UK throughout the remainder of May and into June 2023 – offering potential opportunities for any investor to expand their portfolio and enjoy an excellent return on investment.

See below to find your next investment, complete with projected Gross Yield based on each property’s Guide Price. Please note that the way the yield is currently calculated does not take into account any further investment with regards to modernisation, or the potential increase in value that may result from this.

2 Bed Terraced Property, Sunderland

(For Sale with Auction House South Yorkshire)

This terraced two-bed property benefits from a superb location, just two minutes’ drive from Sunderland‘s promenade and less than five minutes from Backhouse Park, with nearby Villette Road providing a range of amenities, including eateries and grocery shops.

There are also a number of educational establishments located nearby. The centre of town, and Sunderland’s train station, is accessible in just over five minutes.

The property promises a high gross yield. It is currently let on an Assured Shorthold Tenancy, which began on 11th April 2016 and is now holding over.

The lot will be brought to auction by Auction House Cumbria on 25th May 2023 with a Guide Price of £295,000.

2 Bed End-Terrace Property, Ferryhill

(For Sale with Auction House South Yorkshire)

Less than ten minutes’ walk from the eateries, supermarkets and pubs of Ferryhill’s Market Street and Main Street, this end-terrace property sits within an attractive and tight knit neighbourhood and benefits from a rear yard.

The centre of Durham is only fifteen minutes’ drive away, and junction 61 of the A1(M) can be reached in just 10 minutes.

The lot is comprised of a reception room and a kitchen/diner to the ground floor, with two bedrooms and a bathroom to the first floor. It is currently let on an Assured Shorthold Tenancy and promises a high gross yield.

The lot will be brought to auction by Auction House South Yorkshire on 29th-30th May 2023 with a Guide Price of £5,000.

1 Bed Flat, Halifax

(For Sale with Town and Country Property Auctions)

This is a leasehold property that is available on a 999 year lease, which began on 1st January 2005. It is currently let on an Assured Shorthold Tenancy, now holding over.

The lot is comprised of a single storey, which incorporates a reception room, kitchen, one bedroom and a bathroom. It sits less than 10 minutes’ drive from the centre of Halifax, and the lovely Ovenden Park is under fifteen minutes’ walk away. The quiet, green neighbourhood enjoys lovely views of the Pennines.

Gross yield percentage: 15.09%

The lot will be brought to auction by Town and Country Property Auctions on 31st May 2023 with a Guide Price of £35,000.

2 Bed End Terrace House, Liverpool

(For Sale with Sutton Kersh Property Auctions)

A freehold property, this end-terrace lot sits just 10 minutes’ walk from Brunswick train station. The heart of Liverpool can be reached by car within 10 minutes.

Currently let on an Assured Shorthold Tenancy, the lot is comprised of a lounge with a separate dining room and kitchen with utility room to the ground floor, and two bedrooms and a bathroom to the first floor.

Situated in a quiet neighbourhood, close to both Princess Park and Sefton Park, the lot enjoys easy access to the amenities of Aigburth Road, including eateries, grocery shops and much more besides. The area is also well-situated for schools.

Gross yield percentage: 12%

The lot will be brought to auction by Sutton Kersh Property Auctions on 25th May 2023 with a Guide Price of £75,000.

1 Bed Ground Floor Flat, Runcorn

(For Sale with Savills Auctions)

Part of a modern conversion, this ground floor flat is move-in-ready and promises an excellent yield.

Located less than 10 minutes’ walk from Runcorn Shopping City, with Halton General Hospital close by, the area benefits from a huge range of amenities.

The lot is available on a 125 year lease, starting on 1st January 2017, and is comprised of an open plan kitchen and living room, a bedroom and a shower room/WC. There is also a communal garden and private parking. The flat is currently let on a 12-month Assured Shorthold Tenancy, which began on 13th January 2023.

Gross yield percentage: 28.2%

The lot will be brought to auction by Savills Auctions on 31st May 2023 with a Guide Price of £20,000.

Mixed-Use Property, Nottingham

(For Sale with Auction Estates)

Comprised of two ground floor shops and a first floor flat, all units of this lot are currently let. The rent for the two shops is subject to a fixed annual uplift. A single tenant occupies both, on a lease that expires in 2027.

The two-bed flat to the first floor of the building is self-contained and let at £650 per month.

The lot forms part of a highly successful shopping parade, less than 15 minutes’ drive from the centre of Nottingham. Wollaton Hall and Park are less than 10 minutes’ drive away, and the amenities of Wollaton Road are close at hand.

Gross yield percentage: 10.15%

The lot will be brought to auction by Auction Estates on 22nd June 2023 with a Guide Price of £195,000.

3 Bed End Terrace House, Telford

(For Sale with Savills Auctions)

Available in clean decorative order and sitting in a spacious plot that offers potential for extension (subject to consents), this end-terrace property is available freehold, and is currently let on an Assured Shorthold Tenancy lasting three years from June 2022.

Currently commanding rent of £630 per month, the lot features three bedrooms and sits in close proximity to a number of local schools, outdoor attractions such as Broadoaks Playing Field and the Shropshire Golf Course, and a range of shops and eateries on nearby Wrekin Drive. The heart of Telford is less than 10 minutes’ drive away.

Gross yield percentage: 10.8%

The lot will be brought to auction by Savills Auctions on 31st May 2023 with a Guide Price of £70,000.

5 x 1 Bed Flats, Great Yarmouth

(For Sale with Auction House East Anglia)

An attractive three-storey terraced building divided into five separate flats, this freehold lot promises a significant return on investment.

All flats feature one bedroom, and each is currently subject to a six-month Assured Shorthold Tenancy. Two flats currently command £110 per week, and the other three receive £95 per week. The building is home to a set of long-term residents.

As well as the five flats, the property includes a cellar and a rear yard that is shared between flats 1 and 2.

Less than five minutes’ walk from Great Yarmouth Beach, and with a range of eateries, hospitality venues, schools and shops right on its doorstep, this promises to be an excellent property investment for the right buyer.

Gross yield percentage: 10.5% – 13.13%

The lot will be brought to auction by Auction House East Anglia on 14th June 2023 with a Guide Price of £200,000 – £250,000.

5 Flats in a Period Property, Bristol

(For Sale with Maggs & Allen Property Auctions)

This characterful freehold building is divided into:

• Three 1-bed flats
• Two studio flats

There are three flats to the ground floor, one to the middle floor and one to the top floor. All accommodation in the property is currently let, with details of the tenancy agreements available from the auctioneer.

The property also benefits from a garden and spacious rear workshop/garage. The entire lot would benefit from modernisation.

From the lot, the sweeping Eastville Park can be reached within just two minutes’ walk, while Fishponds Road, on which the property is situated, benefits from numerous amenities – including shops, salons, eateries pubs and more.

Residents can access the centre of Bristol by car within 10 minutes.

Gross yield percentage: 11.02%

The lot will be brought to auction by Maggs & Allen Property Auctions on 29th June 2023 with a Guide Price of £295,000.

Block Comprised of 49 En-Suite Student Rooms, Ipswich

(For Sale with Savills Auctions)

Benefitting from a location just three minutes’ walk from the University of Suffolk’s north campus, this substantial property is comprised of three storeys and an additional roof extension. The building currently serves as student accommodation, a use for which it was purpose-built.

There are 49 rooms in total, with 41 being “Bronze” rooms and 8 being “Silver” rooms. 35 of these are already let for the 2023/24 academic year.

All rooms feature a double bed, a desk, a bedside table and an en-suite shower room, and the property features one shared kitchen to the ground floor, two each to the first and second floors and one more to the third floor. The property also includes two stairwells and a lift.

Just three minutes’ walk from the Ipswich Waterfront and a little over five minutes from Alexandra Park, residents of the property can access the Buttermarket shopping centre in just over ten minutes, allowing them swift and easy access to all the amenities of Ipswich town centre.

Gross yield percentage: 12.06%

The lot will be brought to auction by Savills Auctions on 31st May 2023 with a Guide Price of £2,150,000.