Property developers and investors across Yorkshire and beyond are gearing up for Auction House West Yorkshires next auction. Taking place at Elland Road on 28th March, if our February auction is anything to go by, (where Auction House West Yorkshire successfully sold 88% of the properties which went to auction,) the 28th of March is set to be a very interesting day.
With property types of all description on offer, including everything from land, ready to move into houses and an eclectic variety of flats, there’s something heading under the gabble for all kinds of buyers.
With that in mind, I’m here to give you a taste of what to expect and taking a look at some of the hot Lots to watch in the auction room next week.
Tyas Grove, Leeds, LS9 9BG - Refurbishment Project
Guide Price : £75,000 - £85,000 (plus fees)
Looking for a refurbishment project? This 3/4 bedroom through terrace found in Osmondthorpe offers a generous garden. It is in need of full modernisation, but for the right investor would be a fantastic opportunity. There is the potential to create a fourth bedroom with the re-installation of a Velux window and new internal walls on the second floor. It’s a stone’s throw from Leeds City Centre and is in a nice location. It’s sold as seen, including all fixtures and fittings. We can’t wait to see what the eventual buyer makes of this fantastic property.
Kirkstall Avenue – Tenanted Investment
Guide Price - £170,000 - £180,000 (plus fees)
A large semi-detached property with three one bedroom flats. Currently fully let to professionals and generating an annual income of £18,840 with tenants being responsible for their own council tax and utility bills. Two of the flats have their own state of the art electricity meters and the flats have been refurbished to a good standard making them attractive properties for working tenants.
160 Allerton Road, Bradford, West Yorkshire, BD80AA - Commercial Investment
Guide Price - £240,000 (plus fees)
Found in Bradford, this new build property is an ideal commercial investment. When fully let, it generates an annual income of £30,120, which is a return of 12.5% when considering the guide price. The developer invested heavily in the quality of materials, including locally sourced Yorkshire stone and triple glazed windows. Certainly a rare opportunity!