November / December Auction Property Deals of the Month – Essex

With substantial investment potential, these residential and commercial properties in Essex are set to go under the hammer this November and December.

Residential Auction Properties Essex

2 Bedroom Detached Bungalow, Buckhurst Hill

(For Sale with I Am Sold Online Auctions)

2 Bedroom Detached Bungalow in Buckhurst Hill - For Sale with IAM Sold Auctions with Opening Bid 2 bed Detached Bungalow £130,000 (November 2024)

This delightful two-bedroom detached bungalow features a bright lounge, a well-appointed kitchen, and two generously sized bedrooms. Its single-storey layout offers convenience and accessibility, while the private garden provides a peaceful outdoor retreat. Ideal for couples or small families, this charming home combines comfort, practicality, and a touch of modern living.

The property location is a desirable area in Essex, offering a blend of suburban charm and excellent transport links to London via the Central Line. Known for its tree-lined streets and green spaces, it boasts a variety of shops, cafes, and restaurants, making it a vibrant yet peaceful community.

The lot will be brought to auction by I Am Sold Online Auctions on the 26th of November 2024 with an Opening Bid of £130,000.

3 Bedroom End of Terrace House, Aveley

(For Sale with Savills Auctions)

3 Bedroom End of Terrace House in Aveley - For Sale with Savills Auctions with a Guide Price £150,000 (November 2024)

A three-bedroom end-of-terrace house featuring a rear garden. The property requires modernisation, offering an excellent opportunity for personalisation. There is potential for extension, subject to the necessary consents. Currently vacant, it provides a blank canvas for renovation and development, making it an ideal project for investors or homeowners.

A vibrant location in South Ockendon, offering a mix of local amenities, including shops, cafes, and essential services. Its convenient transport links provide easy access to nearby towns and London. The area combines a friendly community atmosphere with the charm of its historical surroundings.

The property will be brought to auction by Savills Auctions on 26th November 2024 with a Guide Price of £150,000.

4 Storey Terraced House, Walton on the Naze

(For Sale with First For Auctions)

4 Storey Terraced House in Walton on the Naze - For Sale with First For Auctions with a Guide Price £160,000 (November 2024)

This freehold vacant period four-storey terraced house, historically arranged as three apartments with a cellar, is situated in a desirable residential area of Walton-on-the-Naze. Ideally located close to the town centre, station, seafront, and pier, it boasts direct sea views. While requiring renovation and modernisation, the property offers significant potential for conversion or re-modelling (subject to planning permission).

Its charming period features and prime location make it an excellent opportunity for developers or buyers seeking to create a bespoke home or investment. With its proximity to local amenities and stunning coastal scenery, this property holds immense promise for the right purchaser.

First For Auctions will bring the lot to auction on 27th November 2024 with a Opening Bid of £140,000 ~ £160,000

3 Bed Detached Bungalow, Jaywick

(For Sale with Connect UK Auctions)

3 Bed Detached Bungalow in Jaywick - For Sale with Connect UK Auctions with a Guide Price £80,000 (December 2024)

This freehold detached bungalow is in good condition and offers an excellent opportunity for both owner-occupiers and investors. The property comprises an entrance hall, kitchen, reception room, three bedrooms, and a bathroom. It benefits from front and rear gardens, side access, and a private driveway.

Situated in the coastal village of Jaywick, Essex, the bungalow is ideally located just 2 miles west of Clacton-on-Sea, with direct access to the North Sea coast. It’s also 60 miles from London and 17 miles from Colchester, offering a peaceful setting with easy transport links. Viewings are available by appointment only.

The lot will be taken to the auction by Connect UK Auctions on 12th December 2024 with a Guide Price of £80,000.

1 Bedroom Ground Floor Flat, Coachman Court

(For Sale with Auction Property)

1 Bedroom Ground Floor Flat in Coachman Court - For Sale with Auction Property with Guide Price £99,000 (December 2024)

This is an excellent opportunity for an investment buyer seeking a well-maintained property. The ground-floor 1-bedroom flat is currently let, generating a strong return, and presents a solid investment prospect. The property forms part of a former McCarthy & Stone development, managed to a high standard, and offers landscaped gardens, well-maintained communal areas, and passenger lifts to all floors. Ample parking is also available. Each apartment is unique and located on different floors, and we are offering them individually or as a total lot. The development is conveniently situated near local amenities and bus routes, providing excellent accessibility.

The historic market town offering a blend of traditional charm and modern convenience. Located just 3 miles from Southend-on-Sea, it boasts excellent transport links, local shops, schools, and green spaces. Its peaceful atmosphere and proximity to the coast make it a desirable location.

Auction Property will bring the lot to auction on 11th December 2024 with a Opening Bid of £99,000.

Vacant End of Terrace House, Colchester

(For Sale with Auction House East Anglia)

Vacant End of Terrace House in Colchester - For Sale with Auction House East Anglia with a Guide Price £100,000 - £120,000 (December 2024)

This two-storey end-terraced house offers two bedrooms and two reception rooms but requires some repairs. While the kitchen and shower room have been recently refitted, most ceilings have been removed and need replastering. The property is offered on a freehold basis and includes a front garden with shared pedestrian access to the rear garden. Internally, the ground floor comprises a lounge, dining room, and kitchen, while the first floor contains two bedrooms and a shower/wet room.

Well-located property offering easy access to local amenities, schools, and transport links. Situated in a popular residential area, it provides a comfortable living space with a convenient position near the town centre, making it ideal for commuters and families alike.

Auction House East Anglia will bring the lot to auction on 11th December 2024 with a Guide Price of £100,000 ~ £120,000.

 

 

Commercial Auction Properties – Essex

High Yielding Retail, Colchester

(For Sale with Savills Property Auctions)

High Yielding Retail in Colchester - For Sale with Savills Auction with a Guide Price £350,000 (November 2024)

 

This property offers a high-yielding retail investment, let to Power Leisure Bookmakers Limited (trading as Paddy Power) on a new 10-year lease expiring 21/04/2034, generating £39,500 per annum. The upper floors, providing approximately 5,178 sq ft of space, are vacant and may be suitable for conversion, subject to consent. Situated in a prime location on the pedestrianised High Street, it is surrounded by notable occupiers such as Robert Dyas, McDonald’s, and Spar.

A vibrant and bustling location in the heart of the town centre. Surrounded by a mix of retail shops, restaurants, and cafes, it offers excellent foot traffic and accessibility. The area is well-connected, making it a desirable spot for businesses and shoppers alike.

Savills Property Auctions will bring the lot to auction on 26th November 2024 with a Guide Price of £350,000.

3 Storey Commercial, Colchester

(For Sale with Dedman Gray Auctions)

3 Storey Commercial in Colchester - For Sale with Dedman Gray Auctions with a Guide Price £135,000 (December 2024)

 

This vacant freehold three-storey commercial building, located in the heart of Colchester city centre, offers approximately 1,324 square feet of flexible space. Recently redecorated and refurbished, the property is suitable for a range of commercial uses, subject to the necessary permissions. The ground floor comprises a front and rear area, providing spacious retail or office space, while the upper floors feature multiple offices. The property presents a great opportunity for both business owners and investors.

A prime location in the town centre, offering easy access to local amenities and transport links. This property benefits from high foot traffic and its central position, making it an ideal spot for both retail businesses and commercial use.

Dedman Gray Auctions will bring the lot to auction on 4th December 2024 with a Guide Price of £135,000.

Freehold Former Pharmacy, Colchester

(For Sale with Savills Property Auctions)

Freehold Former Pharmacy in Colchester - For Sale with Savills Auctions with a Guide Price £230,000 (December 2024)

 

This freehold former pharmacy offers an excellent residential development opportunity. Planning permission was approved in October 2024 for a loft conversion and the conversion of the property into a three-bedroom house (Class C3). There is also lapsed planning permission from 2020 for converting the ground floor commercial unit into a flat. The property spans approximately 140.10 sq m, with 77.50 sq m on the ground floor and 62.60 sq m on the first floor. It benefits from mains water (with a new main installed in June 2024), electric, gas, and drainage. Currently vacant, the property is a charming Victorian two-storey building, comprising a former pharmacy on the ground floor and a two-bedroom residential flat on the first floor, complete with off-road parking and a courtyard.
A well-located property offering easy access to the town centre, local amenities, and transport links. This residential area is popular with families, offering a peaceful environment while remaining close to schools, shops, and parks. It presents a great opportunity for potential buyers.

The lot will be taken to the auction by Savills Property Auctions on 11th December 2024 with a Guide Price of £230,000.

Detached Freehold Building, Grays

(For Sale with Dedman Gray Auctions)

Detached Freehold Building in Grays - For Sale with Dedman Gray Auctions with a Guide Price £360,000 (December 2024)

 

This detached freehold building is ideally located for easy access to local schools, bus routes, Lakeside shopping centre, and the A13 London to Southend Road. The property comprises a ground-floor café with a seating area, preparation area, and kitchen, while the first floor features three bedrooms and a bathroom/WC, along with an additional WC. Parking is available to the rear. Currently let to one tenant at a rate of £600 per week (£31,200 per annum), the property offers a strong rental return and presents an ideal buy-to-let investment.

Well-positioned property offering convenient access to local amenities, transport links, and the A13. Located in a busy area, it presents potential for both residential and commercial use. Its prime location makes it an attractive opportunity for investors or business owners.

The property will go to auction with Dedman Gray Auctions on the 4th of December 2024 with a Guide Price of £360,000.