Buy-to-let investment opportunities, a former Methodist chapel and a grade II listed cottage are among the lots going under the hammer at Sheldon Bosley Knight’s next auction.
The sale, at Hinckley Golf Club on Wednesday, October 16, will feature 11 lots from across Coventry, Warwickshire, Leicestershire, Gloucestershire and Worcestershire.
One property which has already attracted a significant amount of interest is 173 Sheridan Street in Leicester. Located in the sought-after suburb of Aylestone, this two-bed, mid-terrace, Victorian house offers an ideal buy-to-let investment opportunity for those looking to expand their portfolios. Subject to a degree of redecoration, it has a potential long-term full-market rental figure of £950 pcmx. Were this figure to be achieved it could net a gross yield of around 9.6% based on the guide price of £125,000.
In Fenny Compton, Warwickshire, is a delightful Chapel and separate Sunday School building, which has significant potential for conversion to alternative uses, subject to planning permission. Believed to date back to 1838, this former Methodist Chapel retains many original features and is located right in the heart of the village. With a guide price of £120,000 it is not to be missed.
A grade II listed cottage in the heart of Bredon village is also attracting interest ahead of the auction. With a guide price of £225,000 it is a stunning property with lovely original features and a variety of outbuildings.
Two parcels of land also feature in the sale, representing an ideal opportunity for development subject to planning.
Associate director and auctioneer, Matt Burrows said: “This sale represents the variety of land and property which can be sold at auctions. There are 11 lots on offer and it should be a lively evening with plenty of bidding.
“We are seeing an increasing number of people enquiring about auctions as a way to sell their land or property. It represents a great way to do so especially if time, security, or transparency is a driving factor.
“Please call our auction team on 01789 867123 to register your interest.”
