Charlie Powter from ACUITUS looks at the growing appeal to investors of retail parades and the asset management opportunities they provide.
On the face of it, parades of local shops in secondary locations might not seem attractive investments but they are becoming increasingly attractive to buyers in the auction room.
This is primarily because of the asset management opportunities they offer. Many of these parades which were built in the 1960s and 70s have a relatively large in-town footprint and often have residential accommodation above the shops. This combination of uses can give an
A chalet-style detached property tucked away on the edge of Hucknall proved to be the star of the show at SDL Auctions Graham Penny’s sixth Nottingham auction of the year at Nottingham Racecourse last month.
Despite requiring full renovation, 71 St. Marys Way in Hucknall sold for £166,500 from a guide price of £75,000+.
Auctioneer and managing director Andrew Parker said the property is an investor’s dream.
“With its overgrown garden, boarded-up windows and grass growing on the roof, this property may not look much on the surface, but it sits on a deep plot, which backs onto allotments in a
The 0.68-acre site has full planning permission from Derbyshire Dales District Council to erect two pairs of spacious semi-detached homes and three detached houses.
Robert Stone, head of auctions East Midlands at SDL Auctions Graham Penny says
Keen bidders will be excited to see family homes at bargain starting prices in Leicestershire in Bond Wolfe Auctions’ next auction in Birmingham on Wednesday 11 December.
While the UK’s average house costs more than £234,000 according to the latest official House Price Index, the auction at Villa Park has decent properties with guide prices* well under £40,000.
One of the best bargains is a two-bedroomed, end-terrace at 151 Hermitage Road in Whitwick, Coalville, with a guide price of just £25,000+.
This vacant property could be idea for families as it’s usefully located next to the Hermitage
A cottage tucked away in one the most important locations in Britain’s industrial revolution is going under the hammer at Bond Wolfe Auctions’ next auction on Wednesday 11 December.
The Grade II-listed property at 21 Darby Road in the village of Coalbrookdale lies in the Ironbridge Gorge near Telford, a settlement of great significance in the history of iron ore smelting.
The three-bedroomed, semi-detached residence has a guide price of just £44,000 to £49,000 which reflects the fact that it needs refurbishment.
But with gardens front and back, two reception rooms and a dining kitchen and
Impressive price growth combined with affordable property prices have highlighted Leicester as a buy-to-let hotspot – and the experts at SDL Auctions Graham Penny say there has never been a better time to invest in the city.
Property development and investment company SevenCapital placed Leicester sixth in a league table of UK cities expected to perform well for landlords in the coming year, after analysing Zoopla and Land Registry data and combining this with demographic information and predictions from local agents.
Other top performers included Birmingham, which took the top spot, followed
A pair of houses, side by side in Great Barr, are both coming up for auction in December with bargain basement guide prices.
They are part of Bond Wolfe’s 164 lot auction catalogue which will be the largest auction to be held in the Midlands in 2019.
It’s not quite “buy one, get one free” but the pair of neighbouring three-bedroom semi-detached houses in Ennerdale Road will each have a guide price of just £20,000 when they come under the hammer at the Bond Wolf Auctions sale at Villa Park in Birmingham on Wednesday 11th December.
The house at 4 Ennerdale Road stands behind a front garden, and
Whether you’re looking for a post office, a pub or a family home, the final FSS property auction of 2019 on 5th December has something to interest all types of buyers and investors. Auctioneer Richard Smailes casts an expert eye over our December auction lots.
Pub with planning permission
The Board Inn is a substantial landmark property right in the centre of Knaresborough, in a bustling location on the corner of High Street and Gracious Street. With planning permission already approved to develop the pub and build two flats and four houses on the land, this is an interesting opportunity for
A family home in a popular Birmingham suburb has been given a guide price of just £5,000 in Bond Wolfe Auctions’ next auction at Villa Park in Birmingham on Wednesday 11 December.
The three-bedroomed, mid-terraced property at 16 Dunstall Grove in Selly Oak has been described as “in need of modernisation”.
However, with a driveway, front and back gardens, gas-fired central heating system and partial double glazing, strong competition is expected for this lot.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “This family-sized home lies in a great location and it could be one of
Auction House has just sold its 3,000thproperty of 2019, in a year with more sales and even better success rates than in 2018.
The group, which has sales figures currently running at over 100 lots above this time last year, says that its auction rooms are not suffering the problems prevalent elsewhere in the property industry.
Auction House Founding Director Roger Lake explained: “Estate agents tell us that the market is on it knees in many parts of the country, blaming the combination of Brexit and a forthcoming general election, which means selling and buying decisions are being put on hold
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