Buy to Let Auction Properties of the Month – November

With numerous lots available, either with current tenants or ready to let, these properties are listed for auction across the UK throughout November 2024, offering impressive gross yields ranging from 10% to 20%.

3 Bedroom Flat, Wishaw

(For Sale with Town and Country Property Auctions)

3 Bedroom Flat in Wishaw - For Sale with Town and Country Property Auctions with a Guide Price £35,000 (November 2024)

This fantastic three-bedroom flat in Wishaw is an excellent investment opportunity. This purpose-built second and third-floor maisonette is located within a four-storey block in an established residential area of Wishaw, Lanarkshire.

Surrounded by similar properties, the neighbourhood offers a mix of private and local authority housing. Local amenities, schools, and transport links are all within easy reach. The property is currently tenanted, generating a rental income of £555 per calendar month, making it an attractive option for buy-to-let investors. Don’t miss this incredible opportunity!

Gross yield percentage: 12.98%

Town and Country Property Auctions will bring the lot to auction on 28th November 2024 with a Guide Price of £35,000.

3 Bedroom Ground Floor Apartment, Cookstown

(For Sale with BRG Gibson Auctions)

3 Bedroom Ground Floor Apartment in Cookstown - For Sale with BRG Gibson Auctions with a Opening Bid £45,000 (November 2024)

This refurbished three-bedroom ground-floor apartment, updated in 2023, presents an excellent investment opportunity. Featuring an entrance hall, lounge, kitchen, and bathroom, the property benefits from oil-fired heating and uPVC double glazing. Currently generating £650 pcm (£7,800 annually), it is sold with a sitting tenant, offering immediate rental income.

Situated in the heart of Cookstown off William Street, this apartment is conveniently located near local amenities, Cookstown High School, and Station Square Retail Park. Part of a block of four on Molesworth Mews, it offers approximately 73m² of living space and excellent rental potential in a sought-after area.

Gross yield percentage: 17.33%

The lot will be brought to auction by BRG Gibson Auctions on 26th November 2024 with an Opening Bid of £45,000.

Ground Floor Unit and Upper Parts, Wakefield

(For Sale with Savills Auctions)

A Ground Floor Unit and Upper Parts in Wakefield - For Sale with Savills with a Guide Price £30,000 (November 2024)

High-yielding property presents a prime retail investment on a busy pedestrianised street, with high footfall and excellent asset management potential.

Arranged across the ground, first, and second floors, it is currently let to a florist producing £5,000 per annum. The lease has expired, and the tenant is holding over, with a tenancy at will in progress. Located on Westgate, one of Wakefield’s main pedestrianised retail streets, the property benefits from a prominent frontage. It offers the potential to re-gear the existing lease or re-let to maximise its value.

Gross yield percentage: 16.67%

The lot will be brought to auction by Savills Auctions on 26th November 2024 with a Guide Price of £30,000.

1 Bedroom Cottage, Torquay

(For Sale with Town and Country Property Auctions)

1 Bedroom Cottage in Torquay - For Sale with Town and Country Property Auctions with a Guide Price £60,000 (November 2024)

This spacious one-bedroom semi-detached cottage, newly built under Planning Application P/2005/1236, is split over two levels and fully compliant with building regulations, complete with all relevant certifications. Currently tenanted on a rolling AST agreement at £650 per month, the seller can serve notice if required—ideal as an investment, holiday home, or Airbnb opportunity.

Centrally located yet tucked away in a quiet position to the rear of 8 Abbey Road, the property features a modern kitchen, lounge/diner, a large downstairs bedroom, and an en-suite bathroom. uPVC patio doors open onto a courtyard, providing additional access.

Gross yield percentage: 13%

The lot will be brought to auction by Town and Country Property Auctions on 28th November 2024 with a Guide Price of £60,000.

Cafe, Scarborough

(For Sale with Iamsold Auctions)

3 Flat, 2 Shop and a Cafe in Scarborough - For Sale with I Am Sold Online with an Opening Bid £37,950

An excellent investment opportunity, this leasehold shop unit is ideally situated off St Helens Square, opposite the bustling Market Vaults. The sale includes the freehold title for 7 Market Side, comprising three leasehold flats and two leasehold shop units.

This shop unit is let on a lease until January 2031, generating £7,020 annually. Located in a sought-after area with strong demand, it provides a reliable income stream. Ideal for investors, the property offers excellent potential in a thriving commercial and residential location, making it a valuable portfolio addition.

Gross yield percentage: 15.60%

The lot will be brought to auction by iamsold Auctions on 29th November 2024 with an Opening Bid of £37,950.

2 Storey Investment Property, Stoke on Trent

(For Sale with Butters John Bee Auctions)

2 Storey Investment Property in Stoke on Trent - For Sale with Butters John Bee with a Guide Price £55,000 (November 2024)

This two-storey investment property is currently let to a dentist on a 10-year lease, generating an annual rental income of £6,500. Recently refurbished, the property is conveniently situated on Marsh Street (A5006), just a short walk from Hanley town centre and the Tesco superstore.

The property offers accommodation across two floors, comprising a retail area, a middle room, and a rear room on the ground floor. The first floor includes a front room, a second room, and a top room. All main services are available, subject to any necessary reconnection.

Gross yield percentage: 11.82%

The lot will be brought to auction by Butter John Bee Auctions on 25th November 2024 with a Guide Price of £55,000.

2 Bedroom Flat, Glasgow

(For Sale with Auction House Scotland)

2 Bedroom Flat in Glasgow - For Sale with Auction House Scotland with a Guide Price £70,000 (November 2024)

This well-presented two-bedroom flat in Harland Cottages, Scotstoun, west of Glasgow, offers a spacious lounge, kitchen, bathroom with corner bath, and two bedrooms. Benefitting from gas central heating, double glazing, and shared areas, it generates £850 pcm rental income. An excellent buy-to-let investment in a sought-after, convenient location.

The property location offers a convenient setting with easy access to local amenities and transport links. The area boasts good schools, parks, and shopping options, making it a desirable location for both residents and investors.

Gross yield percentage: 13.16%

The lot will be brought to auction by Auction House Scotland on 28th November 2024 with a Guide Price of £70,000.

Ground Floor Retail Unit, Somerset

(For Sale with Copper and Tanner Auctions)

Ground Floor Retail Unit in Somerset - For Sale with Copper and Tanner with a Guide Price £70,000 (November 2024)

This ground-floor lock-up retail unit offers an excellent investment opportunity, currently, let to an established independent business at a passing rent of £7,500 per annum. Centrally located off Fore Street, it is surrounded by notable occupiers such as St Margaret’s Hospice Charity Shop, Burns the Bread, Battens Solicitors, and Co-Op.

The retail unit features a timber-panel glazed frontage, a staff room, storage, and WC, with a Net Internal Area of 31.27sqm. Let on a 5-year lease since July 2020 to ‘Myrobalan Clinic,’ the tenant maintains the property. Rights of side access included; upper floors excluded from the sale.

Gross yield percentage: 10.71%

The lot will be brought to auction by Copper and Tanner Auctions on 26th November 2024 with a Guide Price of £70,000.

Mid-Garden Terraced House, Newcastle

(For Sale with Butters John Bee Auctions)

Mid Garden Terraced House in Newcastle - For Sale with Butters John Bee with a Guide Price £139,500 (November 2024)

This spacious mid-terraced house, near the Royal Stoke Hospital and town centre, is an excellent investment opportunity. With four bedrooms let to student tenants until August 2025, it generates £18,500 annually. The property features two modern shower rooms, a communal lounge, a kitchen, a study, a cellar, gas central heating, and uPVC double glazing.

This property offers excellent access to local amenities and transport links. The area benefits from a range of shops, cafes, and schools nearby, with convenient connections to the town centre and major road networks, making it a desirable location for both residents and investors.

Gross yield percentage: 13.26%

The lot will be brought to auction by Butter John Bee Auctions on 25th November 2024 with a Guide Price of £135,000.

Ground Floor Shop Unit, Rotherham

(For Sale with Savills Auctions)

Ground Floor Shop Unit in Rotherham - For Sale with Savills with a Guide Price £130,000 (November 2024)

This freehold shop investment is located in a prime position within Rotherham town centre, situated on College Walk, a busy thoroughfare connecting the Rotherham Transport Interchange, car park, and the town centre. The property is arranged over 1,517 sq ft across two floors, with a ground-floor retail unit and ancillary accommodation on the first floor. The shop is let on a lease expiring in 2038, offering long-term security for investors. To the rear, the property benefits from shared service access. Its central location ensures high footfall and visibility, making it an excellent investment opportunity in a bustling retail area.

Gross yield percentage: 10.38%

The lot will be brought to auction by Savills Auctions on 26th November 2024 with a Guide Price of £130,000.