Sheldon Bosley Knight’s third auction of the year promises to be full of excitement thanks to the variety of lots on offer.
A total of 14 lots are available at the sale at Hinckley Golf Club on Wednesday, May 7 and feature a mix of land ripe for development, buy-to-let opportunities, town centre apartments and country cottages.
Investment opportunities abound and one of the most popular is a three-bed, mid terrace house in Gun Hill, Coventry. With a guide price of £110,000 it needs renovating (subject to the necessary planning consent) but offers great potential as a buy-to-let.
A stunning four-bed cottage in the pretty Leicestershire village of Smeeton Westerby is on offer with a guide price of £385,000. Known as The Old Forge, the property was originally four individual cottages for the farm workers before conversion by the current owners into one house in the 1970s. It has a wealth of original features inside and a stunning, landscaped, multi-level garden outside. This has attracted a great deal of interest and is unlikely to hang around.
Elsewhere in the county is a great development opportunity. On the second floor of a block in Highfield Street, Leicester is a one-bed apartment in need of full renovation. It has a guide price of just £50,000 but has the potential to generate an approximate re-sale value of around £120,000 or £850 pcmx should the new owner decide to rent out.
Also in Leicester is a substantial, nine-bed property in Brook Lane. Formerly Billesdon’s old schoolhouse, The Academy has a guide price of £350,000 and requires full renovation throughout, subject to the necessary planning consents. The building is spread over three floors, featuring a sweeping staircase, period features and sitting on a generous plot of approximately 0.45 acres. This is an excellent opportunity for the buyer to restore this home to its former glory.
Over in Warwickshire, a superb one-bed apartment is on offer in Ranelagh Terrace, Leamington with a guide price of £90,000. Ideally situated the property is close to local amenities and the train station and would make a fantastic first-time buy or buy-to-let.
Elsewhere in Leamington is another fantastic investment opportunity, this time in Dale Street. The one-bed apartment has a guide price of £120,000 and has a share of the freehold.
Finally, there is an opportunity to acquire 10.88 acres of arable land on the edge of the village of Eckington near Pershore. With a guide price of £110,000 the land is currently used for agricultural purposes and is classified as Grade 1, with some Grade 3 and 4 land under the Agricultural Land Classification of England and Wales Maps (1988) and Provisional Agricultural Land Classification (ALC) updated May 2020.
Sheldon Bosley Knight’s auctioneer, Samantha-Marie Parsons said: “There is something for everyone at our May auction. We have buy-to-let opportunities, country cottages and parcels of land.
“Many of the lots will suit those who are seasoned developers or those who love a renovation project and with interest already building, it promises to be an exciting sale.
“Anyone who would like to attend and bid on any of the lots available should register with the team as soon as possible.”
Please call the team on 01789 867123 to register your interest.
