September Auction Property Deals of the Month – East Midlands

Updated on: 11 September 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 September 2024.

Residential Auction Properties East Midlands

2 Bed Detached Bungalow, Nottingham

(For Sale with iamsold)

2 Bed Detached Bungalow in Nottingham - For Sale with iamsold with a Current Bid of £165,000 (September 2024)

This charming two-bedroom bungalow is located on Thorntree Gardens in Nottingham. The bungalow offers a living room, a sitting room, a kitchen and a conservatory. Meanwhile, there are two bedrooms and a bathroom.
The bungalow also features off-road parking, a garage and a rear garden. The bungalow in Eastwood is close to local amenities, pubs and shops.

The lot will be brought to market by iamsold on the 26th of September 2024 with a Current Bid of £165,000.

2 Bed Semi-Detached House, Ripley

(For Sale with iamsold)

2 Bed Semi-Detached House in Ripley - For Sale with iamsold with a Starting Bid of £120,000 (September 2024)

This spacious two-bedroom semi-detached property is situated on Derby Road in Ripley. The location provides easy access to local shops, pubs, restaurants, and schools, with excellent public transport links nearby.

The ground floor features a lounge, a dining room, and a kitchen. On the first floor, you’ll find two double bedrooms and a bathroom. Outside, the front includes a courtyard, a pathway leading to a rear garden, which features a patio area, a lawn, and a brick outhouse.

The lot will be brought to auction by Modern Auctioneer iamsold on 27th September 2024 with a Starting Bid of £120,000.

3 Bed Semi-Detached Bungalow, Sherwood

(For Sale with Town & Country Property Auctions)

3 Bed Semi-Detached Bungalow in Sherwood - For Sale with Town & Country Property Auctions with a Guide Price of £169,950 (September 2024)

This three-bedroom semi-detached bungalow is situated in Lexington Gardens in Sherwood. The property features a kitchen, a large lounge and a bathroom. The bungalow features front and rear gardens.

Situated with excellent transport links, it offers easy access to the M1 motorway and Nottingham City Centre. Its proximity to the hospital makes it an ideal investment. Additionally, it is within walking distance of local amenities

The lot will be brought to auction by Town & Country Property Auctions on 26th September 2024 with a Guide Price of £169,950.

3 Bed Detached House, Nottingham

(For Sale with Town & Country Property Auctions

3 Bed Detached House in Nottingham - For Sale with Town & Country Property Auctions with an Opening Bid of £160,000 (September 2024)

This three-bedroom detached house offers an excellent investment opportunity with a long-term tenant. Located on a corner plot, the property features off-road parking.

The ground floor comprises a good-sized lounge, a family kitchen/diner and a utility room. The kitchen/diner leads to a decked patio area at the rear. There is also a downstairs bathroom. Upstairs, the first floor includes three bedrooms and a landing with access to the loft. The property is within walking distance of shops. There is a rear garden with off-road parking.

Town & Country Property Auctions will bring the lot to auction on the 26th of September 2024 with an Opening Bid of £160,000.

4 Bed Detached House, Derby

(For Sale with SDL Property Auctions)

4 Bed Detached House in Derby - For Sale with SDL Property Auctions with a Guide Price of £230,000 (September 2024)

This four-bedroom detached property is situated on a large corner plot off Porters Lane in Oakwood. The home features a spacious lounge, a separate dining room, a fitted kitchen, a utility room, and a cloakroom.

On the first floor, you will find four bedrooms and a family bathroom. The exterior includes gardens that require some maintenance. Oakwood is a sought-after area on the outskirts of Derby, offering a peaceful setting with convenient access to a leisure centre, local shops, eateries, a medical centre, and schools for all ages.

The property will be brought to market by SDL Property Auctions on 26th September 2024 with a Guide Price of £230,000.

Commercial Auction Properties – East Midlands

Mixed Use Property, South Wigston

(For Sale with SDL Property Auctions)

Mixed Use Property in South Wigston - For Sale with SDL Property Auctions with a Guide Price of £150,000 (September 2024)

This two-storey mixed-use property features a former commercial ground floor and a one-bedroom flat above. Offering vacant possession, the ground floor was recently leased as a hot food takeaway, while the first floor is rented separately. Both units are self-contained with their own access and utility supplies.

The property includes rear parking and a yard with vehicle access off Countesthorpe Road. Situated in a parade of shops with nearby residential properties, it is also just a few minutes walk from the train station. With a rental value of approximately £18,000 per annum, this property presents a great investment opportunity in South Wigston.

The lot will be brought to auction by SDL Property Auctions on 26th September 2024 with a Guide Price of £150,000.

Former Public House, Newark

(For Sale with SDL Property Auctions)

Former Public House in Newark - For Sale with SDL Property Auctions with a Guide Price of £300-350,000 (September 2024)

This former public house was formerly occupied by Wetherspoons and is located in the town centre. The property features prominent frontages on both Church Street and Queens Head Court, offering high visibility within the town’s ‘Royal Market,’ which ensures substantial foot traffic year-round.

The ground floor includes two dining areas accessible from both Church Street and Queens Head Court, a raised bar area and commercial kitchens.  The first floor features male and female WCs, two large function rooms with period details overlooking the Royal Market, and a plant room with recent equipment. The property offers the potential for conversion into separate residential accommodation on the first floor and two or three commercial units on the ground floor, subject to planning permissions. Located in Newark, the property benefits from good access to the A1 and is well-served by the East Coast railway line.

The lot will be brought to auction by SDL Property Auctions on the 26th of September 2024 with a Guide Price of £300-350,000.

Commercial Premises with 4 Bed Upper Flat, Alford

(For Sale with Savills Auctions)

Commercial Premises with 4 Bed Upper Flat in Alford - For Sale with Savills Auctions with a Guide Price of £90,000 (September 2024)

This mixed-use property offers a commercial unit on the ground floor and basement, with a four-bedroom flat occupying the first and second floors. The property, situated on the corner of West Street and Park Road in Alford, Lincolnshire, features off-road parking at the rear.

The building needs some modernisation and is currently vacant. The town centre amenities are within a short distance. This substantial property spans four floors and offers potential for both commercial and residential use, making it a valuable investment opportunity in a well-connected area.

Savills Property Auctions will bring the lot to auction on the 24th of September 2024 with a Guide Price of £90,000.

Historic Agricultural Building, Grindleford

(For Sale with Bagshaws Auctions)

Historic Agricultural Building in Grindleford - For Sale with Bagshaws Auctions with a Guide Price of £275,000 (September 2024)

Grindleford Model Laundry presents a unique opportunity to acquire a piece of history with significant development potential, subject to obtaining planning permission. This property is over two floors and is situated in the highly desirable village of Grindleford, boasting attractive views.

This property features a largely open-plan ground floor, previously used as a laundry workspace, along with a downstairs WC and office space. A glass lean-to is located along the northern boundary. The first floor offers four rooms, primarily used for storage, with the principal room featuring overlooking the rear gardens. Externally, the property has driveway access at the front. Located off the main road, it is conveniently close to Grindleford train station and within commuting distance of Sheffield and Manchester, while offering proximity to the Peak District National Park.

Bagshaws Auctions will bring the lot to auction on the 23rd of September 2024 with a Guide Price of £275,000.

Ground Floor Shop with First Floor 2 Bed Flat, Ripley

(For Sale with Barnett Ross Auctions)

Ground Floor Shop with First Floor 2 Bed Flat in Ripley - For Sale with Barnett Ross Auctions with a Guide Price of £80,000 (September 2024)

This ground-floor shop is situated in a prime trading location on Ripley’s main retail thoroughfare, surrounded by prominent retailers. Ripley offers 13 miles north of Derby and 14 miles northwest of Nottingham.

The building is mid-terraced and comprises a ground-floor shop. Above the shop is a self-contained flat on the first floor. Additionally, the property features a rear garden and an outbuilding, offering further potential for use or development. This well-located property presents an excellent opportunity for retail and residential use in a bustling commercial area.

Barnett Ross Auctions will bring this property to auction on 18th September 2024 with a Guide Price of £80,000.

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