Cheapest Auction Properties of the Month – October

This October, discover the most affordable property available via auction across the country. There are lots of all kinds available for incredibly low guide prices all over the UK – and below, we explore just a few of them. Place your bids wisely on any of these properties, and you may come away with a very exciting investment.

3 Bedroom Terrace Property – Stanley

(For Sale with Bond Wolfe Auctions)

3 Bedroom Terrace Property in Stanley, County Durham - For Sale with Bond Wolfe Auctions for £5,000 (October 2022)

This good-sized terraced property in County Durham sits just around the corner from an array of retail outlets and eateries – and not far from swathes of green space. The foregarden is mostly laid to lawn, and there is also a small and convenient back yard area.

The freehold home’s reception spaces are semi-open plan, and three good-sized bedrooms provide ample potential for a transformation into a comfortable family home.

There is a significant amount of updating required, and it is important to note that an internal inspection has not been possible, so the available description may contain some inaccuracies. Viewings of this property are external only.

Bond Wolfe will take the home to auction on 27th October 2022, with a guide price of £5,000 plus fees.

Terraced Property Near Parkland – Doncaster

(For Sale with Auction House South Yorkshire)

3 Bedroom Terrace Property in Doncaster - For Sale with Auction House South Yorkshire for £5,000 (October 2022)

A freehold three bedroom terraced property in Edlington, Doncaster, this property features a recently updated kitchen, an attractive front garden and a good amount of outdoor space at the back.

The home requires fairly significant renovation, but its position is ideal – just a short distance from the Edlington Recreation Ground and around the corner from a range of retail outlets and eateries.

A lot with significant potential, this property will be brought to auction by Auction House South Yorkshire between 24th and 25th October 2022 with a guide price of £5,000 plus fees.

Studio Flat, Tipton

(For Sale with SellProp Auctions)

Leasehold Studio Flat in Tipton - For Sale with SellProp Auctions for £5,000 (October 2022)

A first floor studio flat with tenant currently in situ, this is a leasehold property situated near to open space (Sheepwash Nature Reserve and Victoria Park) and attractive canal towpaths.

Held on a 99 year lease from 25 March 1974, the lease may be extended at the buyer’s request.

With Dudley Port railway station less than a ten minute walk away and a range of shops and amenities nearby, this lot will be brought to auction by SellProp Auctions on 20th October 2022 with a guide price of £5,000 plus fees.

1 Bedroom Flat – Tonbridge, Kent

(For Sale with McHugh & Co Auctions)

Leasehold Studio Flat in Tonbridge, Kent - For Sale with McHugh & Co Auctions for £20,000 (October 2022)

This is a very exciting opportunity in a highly desirable Kent market town. The property is a leasehold first floor flat, held on an underlease for 99 years from 25th September 1934 at a ground rent of £20 per annum.

Located very close to Tonbridge railway station and a range of retail and hospitality outlets, this lot has significant potential for improvement and modernisation.

It will be brought to auction by McHugh & Co on 27th October 2022 with a guide price of £20,000 plus fees.

Commercial Opportunity – Aberdeen

(For Sale with Property Solvers Auctions)

Commercial Opportunity in Aberdeen - For Sale with Property Solvers Auctions for £38,000 (October 2022)

A highly attractive commercial property located close to the University of Aberdeen, this lot is an ex-café with plenty of local footfall. Just around the corner from Kittybrewster Retail park and a range of green spaces – including the lovely Sunnybank Park – this lot has huge potential for any business owner looking to make their mark on the east coast of Scotland.

The property will be brought to auction by Property Solvers on 26th October via the unconditional method – with bidding closing on 1st November. It has a guide price of £38,000.