October Auction Property Deals of the Month – East Midlands

Updated on: 4 October 2024
  • Joanne Townsend - Property Auctions News Writer Written by Joanne Townsend Joanne Townsend
    Joanne Townsend - Property Auctions News Writer Written by

    Joanne Townsend

    Writer for Property Auction News

    Joanne completed a Journalism degree in 2012 before working for a number of marketing companies in the roles of a copywriter, moderator and PR assistant.
  • Ruban Selvanayagam - Property Auctions News Edited by Ruban Selvanayagam Ruban Selvanayagam
    Ruban Selvanayagam - Property Auctions News Edited by

    Ruban Selvanayagam

    Writer / Editor at Property Auction News

    Ruban Selvanayagam is a professional cash homebuyer, private rented sector landlord, auction specialist, blogger and media commentator.

These auction properties in the East Midlands offer huge potential for investors. These commercial and residential properties are all up for auction throughout October 2024.

Residential Auction Properties East Midlands

2 Bed Bungalow, Skegness

(For Sale with Town & Country Property Auctions)

2 Bed Bungalow in Skegness - For Sale with Town & Country Property Auctions with a Guide Price of £100,000 (October 2024)

This two-bedroom bungalow presents a fantastic refurbishment opportunity in the seaside town of Skegness. The vendor has already completed much of the internal renovation but there are further enhancements to be had by an investor. Externally, there is a rear garden and newly laid paving.

The kitchen has been purchased but not yet fitted, giving the new owner the chance to personalise the property and create their investment property. Situated less than one mile from the town centre, the property benefits from convenient access to bus routes, primary schools, a post office, and a supermarket. This bungalow is perfect for buyers looking to put their stamp on a home in a well-connected location.

The lot will be brought to market by Town & Country Property Auctions on the 31st of October 2024 with a Guide Price of £100,000.

2 Bed Terrace House, Nottingham

(For Sale with Town & Country Property Auctions)

2 Bed Terrace House in Nottingham - For Sale with Town & Country Property Auctions with a Guide Price of £120,000 (October 2024)

This two-bedroom terrace house with a modern layout, is located in the highly sought-after village of Kinoulton in Nottingham. Spread across two floors, the property features a spacious lounge, a compact kitchen, a utility area, and a bathroom on the ground floor.

Upstairs, there are two bedrooms, including a well-sized master bedroom. While fully functional, the property would benefit from some modernisation, offering a great opportunity for buyers to add value through refurbishment. It is being sold with vacant possession, making it ideal for first-time buyers and investors. Situated in the picturesque village of Kinoulton, the property is close to local amenities, and highly-regarded schools, and offers easy access to Nottingham. This property is an excellent choice for anyone seeking an investment in a well-connected location.

The lot will be brought to auction by Town & Country Property Auctions on 31st October 2024 with a Guide Price of £120,000.

2 Bed Semi-Detached House, Mablethorpe

(For Sale with Auction House Lincolnshire)

2 Bed Semi-Detached House in Mablethorpe - For Sale with Auction House Lincolnshire with an Opening Bid of £80,000 (October 2024)

This two-bedroom semi-detached house is located within walking distance of the beaches and local amenities of Sutton on Sea. Well-presented, the property offers off-street parking with a driveway and a low-maintenance courtyard garden to the rear. It’s ideal for owner-occupiers or as a holiday let, with viewing highly recommended.

The property also includes three beach hut plots on the North Promenade in Sutton on Sea. Inside, the property offers a reception room and a kitchen diner. On the first floor, there are two bedrooms and a bathroom with a three-piece suite.

The lot will be brought to auction by Auction House Lincolnshire on 28th October 2024 with an Opening Bid of £80,000.

4 Bed Detached House, Leicester

(For Sale with iamsold)

4 Bed Detached House in Leicester - For Sale with iamsold with a Starting Bid of £340,000 (October 2024)

This spacious four-bedroom detached property offers a fantastic opportunity for families looking for a well-sized home in a desirable location in Leicester. The ground floor offers a lounge, a kitchen, a garden room, a WC and a utility room. Upstairs, there are four bedrooms and a bathroom. There is also a garage and a rear garden.

The property offers a convenient location with access to shops, hospitals and the community centre. The property is located in Thurncourt with good access to Leicester.

Modern Auctioneer iamsold will bring the lot to auction on the 25th of October 2024 with a Starting Bid of £340,000.

3 Bed Detached Bungalow, Nottingham

(For Sale with Bond Wolfe Auctions)

3 Bed Detached Bungalow in Nottingham - For Sale with Bond Wolfe Auctions with a Guide Price of £220,000 (October 2024)

This detached three-bedroom split-level bungalow offers stunning views across the Trent Valley and presents an exciting opportunity for renovation. Planning permission has been granted for an upward-storey extension and rear balcony in Nottingham.

The bungalow currently features three bedrooms and needs full renovation. With the granted planning permission, buyers have the potential to significantly expand the property, enhancing both its size and value. Situated off Oakdale Road, the property is approximately two and a half miles east of Nottingham City Centre. Other major cities such as Derby and Leicester are less than 30 miles away. The M1 motorway is around 10 miles away, and Nottingham Railway Station ensures excellent transport links.

The property will be brought to market by Bond Wolfe Auctions on 24th October 2024 with a Guide Price of £220,000.

Commercial Auction Properties – East Midlands

Retail Area and First Floor Stores, Shirebrook

(For Sale with Bond Wolfe Auctions)

Retail Area and First Floor Stores in Shirebrook - For Sale with Bond Wolfe Auctions with a Guide Price of £15,000 (October 2024)

This vacant freehold retail unit with stores above offers excellent potential for a variety of uses, subject to the necessary planning permissions. The property is a two-storey end terraced building, featuring a ground-floor retail area and first-floor storage spaces. It is considered suitable for a range of alternative uses, providing flexibility for prospective buyers or investors.

Located at the corner of King Edward Street and Patchwork Row in Shirebrook, the property benefits from a prime position within a mixed-use area. Surrounding properties include a blend of retail, commercial, and residential units. This central location offers strong visibility and potential foot traffic, making it ideal for various business or development opportunities.

The lot will be brought to auction by Bond Wolfe Auctions on 24th October 2024 with a Guide Price of £15,000.

Two Storey Former Youth Centre, Alfreton

(For Sale with SDL Property Auctions)

Two Storey Former Youth Centre in Alfreton - For Sale with SDL Property Auctions with a Guide Price of £75,000 (October 2024)

This rare and exciting freehold investment opportunity offers a unique two-storey detached property, located adjacent to Alfreton Hall and within easy reach of the bustling town centre. The former youth centre sits on a generous plot, featuring well-maintained gardens with ample parking.

The property backs onto open countryside, offering a peaceful setting. With the potential for alternative uses, subject to obtaining planning consent, the former youth centre is located in a market town. With a wide range of amenities, the youth centre provides access to Derby and the M1 Motorway.

The lot will be brought to auction by SDL Property Auctions on the 23rd of October 2024 with a Guide Price of £75,000.

Grade II Listed Commercial Building, Newark

(For Sale with SDL Property Auctions)

Grade II Listed Commercial Building in Neward - For Sale with SDL Property Auctions with a Guide Price of £170,000 (October 2024)

This freehold Grade II listed building is located in the popular Queens Head Court in central Newark. With vacant possession upon completion, this was previously a thriving café. The property comes with all equipment in place, allowing a new owner to reopen with minimal work or offer the unit for lease.
Newark is a bustling market town and is centrally located with excellent transport links. The front offers three tables and chairs with the potential to expand. The ground floor offers a 12-cover dining area with a main counter server and a fully fitted kitchen. Meanwhile, the first floor offers a larger fining area along with customer toilets.

SDL Property Auctions will bring the lot to auction on the 23rd of October 2024 with a Guide Price of £170,000.

Five-Storey Retail Unit, Nottingham

(For Sale with Auction Estates)

Five-Storey Retail Unit in Nottingham - For Sale with Auction Estates with a Guide Price of £425,000 (October 2024)

This freehold five-storey retail unit is located in the heart of Nottingham City Centre just off Market Square. The building comprises a ground-floor retail unit with four self-contained upper floors, presenting the potential for conversion into residential units, subject to planning.

The property is situated on a prominent position on Angel Row, adjacent to The Bell Inn and just off the renowned Old Market Square, ensuring high footfall. Nearby occupiers include KFC, Slug & Lettuce, McDonald’s, and Tesco. It’s also a short walk from the Old Market Tram Stop and adjacent to a bus stop with seven different routes. Nottingham Trent University is less than a mile away. This is an ideal opportunity for investors and developers.

Auction Estates will bring the lot to auction on the 17th of October 2024 with a Guide Price of £425,000.

Town Centre Retail Unit, Chesterfield

(For Sale with Auction Estates)

Town Centre Retail Unit in Chesterfield - For Sale with Auction Estates with a Guide Price of £125,000 (October 2024)

This is an excellent opportunity to acquire a prime corner frontage retail unit in the heart of Chesterfield Town Centre. This highly visible property offers a return frontage and is located just a short walk from Chesterfield Train Station.
This property offers great potential for both investors and owner-occupiers seeking a well-located unit in a high-traffic area. Ideal for businesses looking to benefit from Chesterfield’s shopping scene. With strong footfall, the property has been recently renovated throughout. The prime town centre is close to major retailers and there are nearby car parks that offer convenience to the retail unit.

Auction Estates will bring this property to auction on 17th October 2024 with a Guide Price of £125,000.

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