Written by Caroline Lamb
Caroline Lamb
Caroline has been working as a freelance copywriter since 2013. In that time, she has created articles, blog posts, landing pages, white papers and other types of content for a huge variety of clients.
For the most affordable properties – whether you’re seeking investment opportunities or a new family home – the UK auction market is one of the best places to look. While many of the properties with the lowest Guide Prices require modernisation or renovation, they often have huge potential and offer a significant return.
In this article, we have selected ten of the cheapest lots available at auction across the UK throughout October 2023.
Located in a highly convenience area, less than a mile from Carlisle train station, this attractive end-terrace property enjoys swift access to all of the amenities of the city centre – with supermarkets, eateries, pubs, schools and the Cumberland Infirmary all within 15 minutes’ walk.
The home is comprised of a good-sized sitting room and kitchen with utility to the ground floor, as well as a very comfortable bedroom and bathroom to the first floor. The attic has been converted to provide a second large bedroom to the second floor.
Requiring renovation throughout, the property has bags of potential and would make a superb project for a buyer seeking to add significant value. Just over 10 minutes’ drive from junction 43 of the M6, the area is very desirable and well-connected.
The lot will be brought to auction by Auction House Cumbria on 19th October 2023 with a Guide Price of £20,000.
This good-sized semi-detached home features gardens to the front and rear, and is comprised of a front-to-back living room and spacious kitchen to the ground floor, along with three bedrooms and a bathroom with separate WC to the first floor.
Modernisation is required throughout, and there may be scope for extension, depending on the relevant consents.
Very well-placed for schools, and located just a mile from Darlington train station, the property sits between the open green spaces of South Park and Blackwell Grange Golf Club. The heart of the County Durham town of Darlington is less than five minutes’ drive away, and the start of the A66(M) can be reached in a similar time by car – providing swift access to junction 57 of the A1(M).
The lot will be brought to auction by McHugh & Co Property Auctions on 26th October 2023 with a Guide Price of £20,000.
This is a particularly spacious terraced property in the East Yorkshire city of Hull. Modernisation and redecoration is required throughout, providing an opportunity for future owners to add their own personal stamp. Featuring a small and attractive fenced forecourt, as well as a good-sized rear garden, the lot’s interior includes a large bay-fronted lounge, a well-proportioned kitchen and a rear bathroom to the ground floor, as well as two generous bedrooms to the first floor.
Less than five minutes’ walk from the popular thoroughfare of Holderness Road, which features copious amenities – such as eateries, pubs and supermarkets – Hull city centre is reachable within 10 minutes’ drive of the property.
The lot will be brought to auction by Auction House Lincolnshire on 23rd -24th October 2023 with a Guide Price of £20,000.
Located in a highly convenient central position within the increasingly popular West Yorkshire market town of Todmorden, this Yorkshire stone property sits just seven minutes’ walk from the train station and within very easy reach of schools, eateries, pubs, shops and the sweeping Centre Vale Park.
Requiring modernisation throughout, the property is comprised of a living room and kitchen space to the ground floor, a bedroom and bathroom with WC to the first floor and a good-sized attic room to the second floor. Crow Carr Ings Mill – a complex housing multiple businesses, shops and leisure outlets, is located just across the road.
The lot will be brought to auction by McHugh & Co Property Auctions on 26th October 2023 with a Guide Price of £20,000.
This characterful property has been recently refurbished and is available in excellent condition. To the ground floor, the home is comprised of a very spacious lounge with fireplace, leading through to a dining room in a semi-open plan format. There is also a well-proportioned kitchen. To the first floor, there can be found two generous bedrooms and a family bathroom.
The property’s front porch overlooks a small walled foregarden, and the lot also includes an enclosed rear garden.
Popular Snape Hill Road sits just around the corner, featuring a number of hospitality venues and convenience stores, and the beautiful Old Moor nature reserve at RSPB Dearne Valley is less than 10 minutes’ drive away. Junction 36 of the M1 can be reached within 15 minutes.
The lot will be brought to auction by Auction House South Yorkshire on 16th – 17th October 2023 with a Guide Price of £20,000.
Enjoying an excellent position very close to St Helens National Field and St Helens Theme Park, with a number of schools located within easy walking distance. The nearby neighbourhood of Sutton features a range of cafés and restaurants, pubs and convenience stores. Junction 7 of the M62 can be reached in less than 10 minutes by car, and St Helen’s Junction train station sits less than a mile away.
The home itself is comprised of a good-sized lounge, a second reception room, a galley kitchen and a shower room to the ground floor, as well as two generous bedrooms to the first floor. The lot also appears to features a walled forecourt garden and a rear garden, although this is not explicitly mentioned by the auctioneer. Clearing and redecoration will be required to bring the property to its significant full potential.
The property will be brought to auction by Auction House South Yorkshire on 16th – 17th October 2023 with a Guide Price of £20,000.
This end-terrace property is currently tenanted, receiving £4,740 per annum. It stands a little way back from the road, and is comprised of a reception room, kitchen and bathroom with WC to the ground floor, as well as three bedrooms to the first floor. The home benefits from a large plot, with front, side and rear gardens.
The area in which the property sits is highly desirable, featuring a local play park, quick access to the green spaces of Central Forest Park, Sneyd Hill Park, Cobridge Park and Grange Park, and just around the corner from the supermarkets and retail outlets of both the Festive and Festival Heights Retail Parks.
The centre of the Staffordshire town of Stoke-on-Trent is just a 10 minute drive away.
The lot will be brought to auction by Auction House South Yorkshire on 16th – 17th October 2023 with a Guide Price of £20,000.
Comprised of a reception room an kitchen with pantry to its ground floor, as well as three bedrooms and a bathroom with WC to the first floor, this property features a striking storm porch and enjoys off-road parking and a good-sized foregarden, as well as a lengthy lawned garden to the rear.
Due to its generous amount of outdoor space, the home may be suitable for extension, depending on local consents.
Less than five minutes’ walk from Phoenix Park, and very close to Dixon Park, future owners will benefit from the property’s proximity to the centre of the West Midlands city of Wolverhampton – enjoying quick access to all of its amenities while positioned in a quiet and friendly neighbourhood. Junction 10 of the M6 can be reached in les than 15 minutes.
The lot will be brought to auction by Bond Wolfe Property Auctions on 16th – 17th October with a Guide Price of £20,000.
Requiring renovation but benefitting from spacious rooms and an excellent position, this property in Swansea, South Wales, sits close to the Tir Canol Playing Fields, Morriston Park and Morriston Hospital. Junction 45 of the M4 is less than five minutes’ drive away, and Swansea city centre can be reach in only 15 minutes.
Comprised of a large living room and kitchen to the ground floor, as well as two good-sized bedrooms and a family bathroom to the first floor, the home also features front and rear gardens.
The lot will be brought to auction by Auction House Lincolnshire on 23rd – 24th October with a Guide Price of £20,000.
Now derelict, this property was previously arranged over ground and basement levels. Planning permission is required to redevelop it into a dwelling.
Very well-located in a desirable neighbourhood, just three minutes’ walk from Ore train station and only seven minutes’ drive from the centre of Hastings in East Sussex, the future owners of the property will enjoy easy access to schools, local pubs, eateries and convenience stores. This opportunity would be well-suited to a developer seeking a lucrative project.
The property will be brought to auction by McHugh & Co Property Auctions on 26th October 2023 with a Guide Price of £10,000.
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