With the price of houses continuing to break records, it can often feel as if there aren’t any bargain properties around anymore. With this in mind, we set ourselves a challenge to find five potential investment properties across the country for £50k or less. Take a look at the property gems we found.
Vacant Plot of Land with Plans for 3 Properties – Guide Price £20,000
Our first potential investment is a freehold plot of land in Bishops Waltham, Southampton, Hampshire, SO32 that has had plans drawn up for the erection of three link-detached houses with garages to the side.
The plot measuring approximately 1,015 sq. m (10,925 sq. ft) is situated on a residential road close to local shops and amenities with the open spaces of Priory Park within easy reach while transport links are provided by the M27 to the south and the M3 to the west.
Looking at the plot it’s surprising there isn’t a residence or more on there already however as the old adage goes, “If it looks too good to be true, it most probably is” so, it is always advisable to check the local council’s website for information on previous planning applications and read the legal pack, which can be downloaded via Auction House London’s website.
The auction is set for 3 August 2022 at 09:45 AM.
3-Bed Terrace with Tenant in Situ, Burnley, Lancashire BB11 – Guide Price £50,000
The second property we found is a three-bedroom terraced property on Grange Street in Burley, Lancashire with a guide price of £50,000.
This property benefits from a tenant in situ who is currently paying £400pcm. It is also close to the town centre and boasts three stations and four Ofsted good schools within walking distance so will appeal to those looking to commute for work and families too.
The property was previously sold in 2004 for £34,000 (leasehold). Purchasing the lease may be up for negotiation this time around as the details suggest potential buyers should contact the agents Whoobid, Dorset to discuss their buying options.
This property is offered for sale by the ‘modern method of auction’ via online auction. Assuming the reserve is met, the winning bidder will be granted exclusivity of the property at the winning bid price for 28 days in which they must exchange or the vendor is free to remarket the property and the reservation fee will not be returned.
Find out more and download the auction pack via Rightmove.
Purpose-Built Managed Student Accommodation in Plymouth – Offers Over £45K
Have you ever thought about investing in fully managed student accommodation? Central Park Studios is a purpose-built student accommodation apartment block serving students at the nearby Plymouth University.
The spacious one-bedroom studio flat that is up for sale for offers over £45K boasts a modern fitted kitchen with built-in appliances, a bathroom with shower and a large bedroom.
Although not mentioned in the details, the apartment block also has some indoor and outdoor communal areas for socialising with other students and visitors.
Just a short distance from Plymouth University and with train and bus transport links nearby the student flat, which has recently been reduced in price, could be a good investment opportunity.
For details of the leasehold, including the length of lease, annual service charge and ground rent, interested parties are asked to contact the agent The First Time Buyers Centre.
3 Bedroom Terrace | Cash Buyers | No Chain | Port Talbot, SA13 – £50,000+
The agents for this 3-bedroom freehold property situated in the village of Abergwynfi on the borders of Afan Forest Park are calling on cash buyers to realise the potential of this doer-upper.
This property is being marketed as an ideal holiday let due to its convenient location close to local attractions like the Afan Trail, which is popular with hikers and mountain bikers alike. It also has shops, a chemist, surgery, park, post office, primary schools and public transport routes nearby.
Accommodation comprises an entrance hall, lounge, dining room, kitchen and utility room on the ground floor, with three bedrooms and a bathroom on the first floor.
The property being marketed by Purplebricks is in need of modernisation and upgrading throughout while externally, the rear garden is in need of clearing and landscaping.
“Perfect Buy-To-Let Investment” Coastal Town of Kirkcaldy, KY12NS – Guide Price £44,000
For our final property, we have found a well-presented 1-bedroom end-of-terrace house in a popular residential location in the Fife coastal town of Kirkcaldy.
Set over 2 levels, the property comprises an entrance hallway, lounge, modern kitchen, bathroom and double bedroom; it also benefits from a new gas central heating system and double glazing throughout.
Offering excellent road and rail access to Edinburgh and easy access to the Queensferry Crossing, the property is in an area enjoying high rental demand and has an estimated monthly rental of £500pcm (£6,000 p.a).
Interested? The property is available for sale via timed online auction via Future Property Auctions on 11 August.
So, which of our property investment opportunities would tempt you?
