Buy to Let Auction Properties of the Month – September

Property auctions offer a range of opportunities enabling investors to start – or add to – their property portfolio.

With many lots available with a tenant in situ, it’s possible for a buyer to achieve an immediate return on investment upon taking ownership. The properties below are all tenanted lots listed for auction across the UK throughout September 2023, with Gross Yields between 10% and 20%.

2 Bed Terraced House, Hartlepool

(For Sale with Auction House Lincolnshire)

2 Bed Terraced House in Hartlepool - For Sale with Auction House Lincolnshire with a Guide Price of £20,000 (September 2023)

Benefitting from a position in the centre of the Northeastern town of Hartlepool, only five minutes’ drive from the town’s marina, this lot is currently occupied. Details of its tenancy agreement are available from the vendor.

Comprised of a sitting room, dining room and kitchen to the ground floor, as well as a family bathroom – and two bedrooms to the first floor – the property also features a rear yard.

With supermarkets, leisure centres, eateries and bars all accessible within 10 minutes’ walk, Hartlepool train station just 15 minutes away on foot and junction 61 of the A1(M) just over 25 minutes away by car, the home enjoys superb transport links and local amenities.

Gross yield percentage: 19.5%

The lot will be brought to auction by Auction House Lincolnshire on 25th – 26th September 2023 with a Guide Price of £20,000.

3 Bed Terraced House, Manchester

(For Sale with Landwood Property Auctions)

3 Bed Terraced House in Manchester - For Sale with Landwood Property Auctions with a Guide Price of £75,000 (September 2023)

Subject to a 999 year lease which began in September 1987, this property is currently let on an Assured Shorthold Tenancy.

Comprised of a lounge, dining room, kitchen and bathroom to the ground floor, along with three bedrooms and a shower room to the first floor, the lot also includes a forecourt and a compact rear yard. It sits on a quiet cobbled street less than a mile from Hag Fold train station, enjoying an open vista.

Just seven minutes’ drive from junction 5 of the M61, the home is only four minutes from all of the amenities in the centre of Atherton by car, and less than 40 minutes from Manchester city centre.

Gross yield percentage: 10.4%

The lot will be brought to auction by Landwood Property Auctions on 27th September 2023 with a Guide Price of £75,000.

3 Bed End-Terrace House, Liverpool

(For Sale with Landwood Property Auctions)

3 Bed End-Terrace House in Liverpool - For Sale with Landwood Property Auctions with a Guide Price of £50,000 (September 2023)

Currently let on an Assured Shorthold Tenancy, this lot is available freehold and features a lounge, dining room, kitchen and utility space to its ground floor, two bedrooms and a bathroom to the first floor and a further bedroom to the second floor. There is also basement and a rear garden.

Situated in a highly convenient location just a minute’s walk from Orrell Park train station, just over 15 minutes’ drive from the centre of Liverpool, the property sits mere feet from a junction with Rice Lane and Walton Vale – major thoroughfares that offer fast access to shops, pubs, restaurants and schools.

Gross yield percentage: 13.20%

The lot will be brought to auction by Landwood Property Auctions on 27th September 2023 with a Guide Price of £50,000.

Five Luxury Apartments, Rotherham

(For Sale with Town and Country Property Auctions)

Five Luxury Apartments in Rotherham - For Sale with Town and Country Property Auctions with a Guide Price of £775,000 (September 2023)

A very elegant former library building, this striking red brick property is now arranged into six apartments, five of which are available to purchase as a single lot.

Dating back to 1906 after it was commissioned by philanthropist and industrialist Andrew Carnegie, the building is comprised of one six-bed HMO, a one-bed serviced apartment (to be let on a short-term agreement), a two-bed apartment tenanted on a long term agreement, a three-bed two-storey apartment with stained glass window presently subject to a short term rental agreement and a further two-bed apartment with an open plan lounge/kitchen/diner.

There is an additional flat that is privately owned, and the property also features a cellar and two outbuildings that are used as storage.

The building sits just over five minutes’ walk from Swinton station and within an easy distance of a number of hospitality venues, schools and shops. The centre of Doncaster is under 25 minutes’ drive away, and Sheffield can be reached in a little less than 35 minutes (under 30 minutes by public transport).

Gross yield percentage: 12%

The lot will be brought to auction by Town and Country Property Auctions on 28th September 2023 with a Guide Price of £775,000.

2 Studio Flats, Luton

(For Sale with Network Property Auctions)

2 Studio Flats in Luton - For Sale with Network Property Auctions with a Guide Price of £130,000 - £140,000 (September 2023)

This lot is comprised of two comfortable studio flats, both of which benefit from the services of a local property management agency. Each property is let on an Assured Shorthold Tenancy, and both are available on a leasehold basis – with more than one hundred years still unexpired.

Positioned between the sweeping green spaces of Popes Meadow and the Peoples Park, the residents of the flats benefit from their superb proximity to the centre of Luton in Bedfordshire – which is accessible in less than 10 minutes by car.

Luton train station is under a mile away, and junction 10 of the M1 can be reached in a little over 10 minutes. The heart of London is just over an hour away by public transport.

Gross yield percentage: 15.69%

The lot will be brought to auction by Network Property Auctions on 28th September with a Guide Price of £130,000 – £140,000.

Studio Flat, Swansea

(For Sale with The Property Auction House)

Studio Flat in Swansea - For Sale with The Property Auction House with a Guide Price of £55,000 (September 2023)

A leasehold property ideally positioned for all of the amenities of Swansea city centre, this studio flat has been recently let. Further information about the length of the lease and the nature of the tenancy agreement is included in the lot’s legal pack.

Very well-appointed, with an open-plan living area, kitchen and bedroom space, the flat includes a separate shower room. Located just off The Kingsway, a major Swansea thoroughfare, the building enjoys a close proximity to numerous hospitality and entertainment venues, the Quadrant Shopping Centre, Parc Tawe Retail Park and Swansea Indoor Market – with the city’s train station less than 10 minutes’ walk away. Junction 45 of the M4 is only 12 minutes’ drive from the property.

Gross yield percentage: 13.09%

The lot will be brought to auction by The Property Auction House on 27th – 28th September 2023 with a Guide Price of £55,000.

1 Bed Apartment, Swindon

(For Sale with Network Property Auctions)

1 Bed Apartment in Swindon - For Sale with Network Property Auctions with a Guide Price of £67,000 (September 2023)

Featuring a good-sized bedroom, an open-plan lounge/diner, a well-appointed kitchen and a bathroom, this 2nd floor flat is available leasehold – with 982 years unexpired.

Located just around the corner from Swindon‘s Spring Gardens, the lot is let on an Assured Shorthold Tenancy. The central amenities of the Wiltshire town of Swindon are just five minutes’ walk away, with the Parade Shopping Centre, the Brunel Shopping Centre, Regent Circus Shopping Centre and Swindon train station all accessible within 15 minutes on foot.

Junction 15 of the M4 can be reached in less than 10 minutes by car. Central London is accessible by public transport in under an hour and a half.

It is worth noting that the flat does not have a EWS1 certificate.

Gross yield percentage: 13.88%

The lot will be brought to auction by Network Property Auctions on September 28th 2023 with a Guide Price of £67,000.

2 Bed Flat, Lambeth

(For Sale with Landmark Property Auctions)

2 Bed Flat in Lambeth - For Sale with Landmark Property Auctions with a Guide Price of £300,000 (September 2023)

Just two minutes up the road from Streatham Place junction, this top floor flat features two bedrooms, with a separate living room, kitchen and bathroom. Available in excellent condition, having been recently refurbished, the property is available on a brand new 999 year lease.

Currently tenanted, the lot sits in Lambeth, less than 25 minutes from Central London. The same building also features a first floor flat, which is available as a separate lot in the same auction (Lot 36).

With Streatham Hill train station less than 15 minutes’ walk away, and Rush Common, Holmewood Gardens and Brockwell Park all accessible within 20 minutes on foot, all of the amenities of the Brixton Hill area are located within close proximity. This is a rare opportunity to purchase one – or even two – highly desirable London properties.

Gross yield percentage: 10%

The lot will be brought to auction by Landmark Property Auctions on 21st September 2023 with a Guide Price of £300,000.

Public House in Chatham

(For Sale with Acuitus Property Auctions)

Public House in Chatham - For Sale with Acuitus Property Auctions with a Guide Price of £800,000 (September 2023)

Let on a 40 year lease, which is set to expire in 2044, this 9,842 square foot public house is highly conveniently located within five minutes’ walk from the train station and Sun Pier in Chatham, Kent.

Also just two minutes from the town’s Pentagon Shopping Centre and close to the open green spaces of Victoria Gardens, the property comes with a guarantee from Town & City Pub Group Limited, the Stonegate Pub Company Limited and Hops Pub Company Limited.

A popular pub, which comes complete with third floor managers’ accommodation, this is a superb opportunity for the right investor.

Gross yield percentage: 12.52%

The lot will be brought to auction by Acuitus Property Auctions on 21st September 2023 with a Guide Price of £800,000.

Studio Flat, Bournemouth

(For Sale with Town and Country Property Auctions)

Studio Flat in Bournemouth - For Sale with Town and Country Property Auctions with a Guide Price of £50,000 - £60,000 (September 2023)

Just five minutes from Pokesdown train station by car – and only seven minutes’ walk from Bournemouth‘s Sovereign Shopping Centre – this ground floor studio apartment sits around the corner from Churchill Gardens, in close proximity to Boscombe Beach.

Available on a long leasehold, the details of which are laid out in the property’s legal pack, the lot is let on a rolling Assured Shorthold Tenancy. Featuring a combined sitting and sleeping area, with a separate kitchen and shower room, the property is in very good condition.

Gross yield percentage: 11.52%

The lot will be brought to auction by Town and Country Property Auctions 28th September 2023 with a Guide Price of £50,000 – £60,000.