Rental properties bring investments from overseas in Bond Wolfe’s September auction
Investors from across the country and even overseas will be logging on to Bond Wolfe’s upcoming livestreamed auction to bid for a wide range of rental properties.
From end-terraced houses in Grimsby, semi-detached homes in Reading and apartments in Birmingham and Peterborough, the properties are as varied as their geographies.
But all will offer plenty of potential for property investors when they go under the hammer at Bond Wolfe’s auction on Thursday 15 September.
Gurpreet Bassi, Chief Executive at Bond Wolfe, said: “The properties at our next auction range from single bed pods to HMOs and will suit a wide range of budgets.”
An attractive proposition to investors will be 13 Frances Road, in Erdington, Birmingham, a seven bedroom HMO (house in multiple occupancy) with a guide price* of £245,000+.
Fully let and currently generating £28,980 per annum, the property has an HMO licence and benefits from well laid out accommodation including six bedrooms, two shared bathrooms and one en-suite bedroom and open plan kitchen and dining room.
The property is recently renovated including double glazing to various windows, a mains integrated smoke and fire alarm protection system and emergency lighting.
There are gardens to the front and rear and the property benefits from street parking.
Nearby at 49 Hermitage Road, Erdington, is a property made up of three studio flats and one single-bedroomed flat, with a guide price of £225,000+.
A substantial end-terraced property, fully let, it generates a gross income of £22,560 per annum.
A more modest investment property is a three bedroomed mid-terrace house at 33 York Road, Mansfield, in Nottinghamshire.
The guide price is set at just £19,000+ for a property currently returning a gross rental income of £5,400 per annum.
The house has a reception room, dining kitchen, inner hall and the bathroom with WC on the ground floor, two bedrooms on the first floor and a third attic bedroom, with a rear garden and double glazing.
At the other end of the scale is 19 Tuxford Mews, in Reading, Berkshire, a three bedroomed semi-detached house with a guide price of £245,500+.
Let on an occupancy agreement and generating £14,708 income per annum, it sits on a corner location with gardens and a driveway leading to a garage.
Or there is a city centre pod-style investment property at Room 8 Hallgate, in Bradford, with a guide price of just £5,000+.
This leasehold investment property currently generates £2,820 per annum in rental income.
The bedroom with en-suite shower room and WC has access to two shared kitchens and a communal lounge.
The residential investment properties are among 155 lots listed for in Bond Wolfe’s next auction which is due to start at 9.30am on 15 September. The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.
For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/ or email [email protected], or call 0121 312 1212 or 01902 928 510.
Anyone with properties to sell in a future auction can arrange a free appraisal by calling the auction team or visiting www.bondwolfe.com/free-property-appraisal/.