Buy to Let Auction Properties of the Month – October

With many lots available with a current tenant or available to let, these lots are listed for auction across the UK throughout October 2024, with Gross Yields between 10% and 20%.

2 Bed Terrace House, Hindley Green

(For Sale with McHugh & Co Auctions)

2 Bed Terrace House in Hindley Green - For Sale with McHugh & Co Auctions with a Guide Price of £40,000 (October 2024)

This terrace house is conveniently located near the junction with Hawthorn Avenue, close to local shopping and travel facilities, including Hindley Train Station. Additional amenities are available nearby in Wigan Town Centre. The property features two floors of accommodation, offering a functional layout.

The property also includes a rear garden, providing outdoor space for relaxation or gardening. With its proximity to transport links and essential amenities, this house is ideal for first-time buyers or investors looking for a solid rental opportunity.

Gross yield percentage: 13.46%

The lot will be brought to auction by McHugh & Co Auctions on 29th October 2024 with a Guide Price of £40,000.

Studio Cottage, Torquay

(For Sale with Town & Country Property Auctions)

Studio Cottage in Torquay - For Sale with Town & Country Property Auctions with a Guide Price of £30,000 (October 2024)

This is a rare opportunity to acquire a unique studio cottage located in the town centre of Torquay. Currently rented out, the property features an open-plan living area that combines the bedroom and living room, alongside a fully fitted kitchen. Additionally, there is a spacious modern shower room.
As a freehold property, it presents an excellent investment opportunity or a potential future Airbnb listing. The layout is designed for versatile living, making it suitable for a variety of occupants. Key features include an open-plan living space, a contemporary shower room, and a functional kitchen area. This studio cottage offers a modern lifestyle and is an ideal investment property in a prime location.

Gross yield percentage: 19%

The lot will be brought to auction by Town & Country Property Auctions on 31st October 2024 with a Guide Price of £30,000.

1 Bed Two-Storey Cottage, Torquay

(For Sale with Town & Country Property Auctions)

1 Bed Two-Storey Cottage in Torquay - For Sale with Town & Country Property Auctions with a Guide Price of £50-75,000 (October 2024)

This well-appointed cottage known as the Bakery is located in a desirable area in Torquay. This spacious one-bedroom cottage is split over two levels and features a modern kitchen, a lounge/diner, a generously sized bedroom, and an en-suite bathroom.

Currently, the property has a tenant in situ paying £650 per month under a rolling AST agreement. This cottage presents an ideal investment opportunity, perfect as a holiday home or Airbnb rental.

Gross yield percentage: 15.60%

The lot will be brought to auction by Town & Country Property Auctions on 31st October 2024 with a Guide Price of £50-75,000.

5 Flats, Office and Parking, Stourport on Severn

(For Sale with The Auction Company)

5 Flats, Office and Parking in Stourport on Severn - For Sale with The Auction Company with a Guide Price of £340,000 (October 2024)

This attractive investment property, located near the canal basins, riverside, and town centre, comprises five flats and a ground-floor office, along with six private parking spaces. Currently fully let, the property generates an annual income of £36,500.

The Bell is a stunning Grade II listed Georgian building that was once a hotel and public house. It now features five one-bedroom flats and an office space, all situated behind a private car park.  Formerly known as Bell Row Court, the property enjoys an excellent central location in Stourport, just a short walk from the picturesque canal basins, riverside, and vibrant high street. This unique opportunity is ideal for investors looking to acquire a well-maintained property with a solid rental history and significant growth potential.

Gross yield percentage: 10.74%

The lot will be brought to auction by The Auction Company on 30th October 2024 with a Guide Price of £340,000.

2 Bed Mid Terrace House, Consett

(For Sale with Probate Auctions)

2 Bed Mid Terrace House in Consett - For Sale with Probate Auctions with a Guide Price of £38,000 (October 2024)

Located on Dorset Crescent, this two-bedroom mid-terrace house is presented in reasonable decorative order and is currently let at a monthly rent of £480, generating a total annual income of £5,760. The property benefits from a rear paved garden.

With an existing tenant, the house features two well-proportioned bedrooms, a living area, and a functional kitchen, making it an appealing option for investors or first-time buyers seeking a reliable rental property. With its convenient location and reasonable condition, this mid-terrace house presents a great investment opportunity in today’s market.

Gross yield percentage: 15.16%

The lot will be brought to auction by Probate Auctions on 30th October 2024 with a Guide Price of £38,000.

2 Bed End Terrace House, Gateshead

(For Sale with McHugh & Co Auctions)

2 Bed End Terrace House in Gateshead - For Sale with McHugh & Co Auctions with a Guide Price of £25,000 (October 2024)

This end-of-terrace house is conveniently located off Perth Street, near the amenities of Hull City Centre and within easy reach of the train station. Enhancing the appeal of this property, the accommodation is arranged over two floors, featuring two bedrooms on the first floor. The ground floor includes a spacious living room, a well-equipped kitchen, and a bathroom with WC, providing all essential facilities.

Additionally, the property boasts a rear garden. With its strategic location and comfortable layout, this house is ideal for first-time buyers or investors looking for rental opportunities. In Hull’s bustling heart, the property offers the convenience of city amenities, making it a worthwhile investment in a vibrant area.

Gross yield percentage: 19.82%

The lot will be brought to auction by McHugh & Co Auctions on 29th October 2024 with a Guide Price of £25,000.

3 Bed Ground Floor Apartment, Cookstown

(For Sale with BRG Gibson Auctions)

3 Bed Ground Floor Apartment in Cookstown - For Sale with BRG Gibson Auctions with a Guide Price of £45,000 (October 2024)

This three-bedroom ground-floor apartment offers comfortable living in the heart of Cookstown, just off William Street. The property features an entrance hall, lounge, kitchen, and bathroom. Recently refurbished in 2023, the apartment is part of a block of four and benefits from a prime town centre location, close to all amenities, including Cookstown High School and Station Square Retail Park.

Currently tenanted at £650 per month, the property will be sold with a sitting tenant, making it an ideal investment opportunity. Cookstown is a vibrant market town in Co Tyrone, conveniently located 10 miles from both Magherafelt and Dungannon. This property presents a great opportunity for investors looking for a well-maintained apartment with steady rental income in a desirable town centre location.

Gross yield percentage: 17.33%

The lot will be brought to auction by BRG Gibson Auctions on 29th October 2024 with a Guide Price of £45,000.

2 Bed Mid Terrace House, Grimsby

(For Sale with Auction House Lincolnshire)

2 Bed Mid Terrace House in Grimsby - For Sale with Auction House Lincolnshire with a Guide Price of £30,000 (October 2024)

Located on Armstrong Street in Grimsby, this mid-terrace house is set in a popular and central area of the town. Grimsby’s town centre. The property provides easy access to the M180 road network, connecting Grimsby to surrounding areas.

The property features spacious, versatile accommodations. Currently tenanted, it generates a rental income of £416 per month, making it an appealing investment opportunity. With its potential for improvement, it also suits owner-occupiers looking for a project with good future yield prospects. The ground floor includes a lounge, dining room, kitchen, rear porch, and WC, while the first floor comprises two bedrooms and a family bathroom. Outside, the property benefits from rear gardens.

Gross yield percentage: 16.64%

The lot will be brought to auction by Auction House Lincolnshire on 28th October 2024 with a Guide Price of £30,000.

3 Bed Terrace House, Doncaster

(For Sale with Auction House South Yorkshire)

3 Bed Terrace House in Doncaster - For Sale with Auction House South Yorkshire with a Guide Price of £65-75,000 (October 2024)

This three-bedroom terrace house is located in the area of Doncaster. The property features an entrance hallway leading to a lounge, dining room with storage, kitchen, and utility/storage room. Upstairs, there are three bedrooms and a bathroom. Outside, a yard area completes the property.

Currently tenanted, the house generates £700 pcm on a rolling basis, with the potential to increase to £800 pcm, offering an attractive investment opportunity in a high-demand rental area. This is an excellent prospect for both investors and landlords. Located on West End Avenue in Bentley, the property is close to all amenities along Bentley High Street, excellent transport links, local schools, and green spaces, making it convenient for both tenants and potential future buyers.

Gross yield percentage: 12.92%

The lot will be brought to auction by Auction House South Yorkshire on 28th October 2024 with a Guide Price of £65-75,000.

2 Bed Terrace House, Bishop Auckland

(For Sale with Auction House North East)

2 Bed Terrace House in Bishop Auckland - For Sale with Auction House North East with a Guide Price of £25-30,000 (October 2024)

This two-bedroom home is an ideal opportunity for buy-to-let investors, currently let to a long-term tenant generating £4,800 per annum.

The ground floor offers a living room and a kitchen/dining room, while the first floor includes a landing, two bedrooms, and a bathroom. Externally, the property benefits from an enclosed rear yard and a garden to the front. This well-maintained home is a solid investment with a reliable tenant in place, offering immediate rental income.

Gross yield percentage: 19.20%

The lot will be brought to auction by Auction House North East on 29th October 2024 with a Guide Price of £25-30,000.