25 Under £25,000: The Ultimate Blog Post Of Cheap Auction Property

11 Jun

UK house prices may be crazy, but not everywhere has gone up a gazillion per cent in the last month.  There are still plenty of properties around the country available for bargain basement prices; rural Bulgaria does not own the crown of cheap.

So, here is my alternative – The Ultimate List of Cheap Auction Property: 25 Properties for Under £25,000 – otherwise known as: Homes Under The Hammer (The Bootstrap Edition). 

1. A Three Bed Terrace in Doncaster

Guide: £12,000

doncaster house for auction

26 Kings Crescent, Edlington, Doncaster, South Yorkshire, DN12 1BD

It’s likely this property will require works if the boarded up windows are anything to go by – however, it seems the neighbours have still got glazing so maybe it’s not catching.  Roof seems OK so maybe there is a God!

2. An Alpine Plantation

Guide: £15-20,000

woodland for sale

Woodland at Newland, Alpine Road, Newland, LA12 7QF

With 4.5 acres of mixed deciduous/conifer woodland I’m thinking you could have some great summer BBQs and camp outs – alternatively you could always turn the trees into charcoal!

3. A Tenanted Studio Flat in Tividale

25 Trafalgar Court, Birmingham New Road, Tividale, B69 2JD

Guide: £15-20,000

tividale flat for sale

The retro look nautical theme in this Midlands estate was a passing fad…if ever it was one.  But still, you get an apartment AND a garage below which is currently rented at £4,320 per annum which is a a whopper of a rental yield!

4. A New (ish) Build Tenanted Apartment in Belfast

Guide: £20,000

belfast flat for sale

3 Glenmore Street, BELFAST, County Antrim, BT5 4HE

Being close to the Titanic Quarter in the centre of Belfast means I shouldn’t make any nautical jokes about this one bed ground floor apartment let at £340.16 every four weeks, should be plain sailing then!

5. A Refurbished Two Bed in Rotherham

Guide: £10,000

cheap property for auction

9 Cavendish Road, Rotherham, South Yorkshire, S61 1BW

Well I don’t expect gold taps, but given the property has recently been modernised I’d be happy with the basics for that price – the agents say it’s got a newly fitted kitchen, gas fired central heating and UPVC double glazing throughout. 

6. A Parcel of Amenity Land with River Frontage

Guide: £4,000

land for sale at auction

Land at, North Wall, Cricklade, Swindon, Wiltshire, SN6 6DU

You never know when you may want a piece of land with river frontage – it’s one of those gifts you can get for the man in your life who has “everything”.  I bet most men would love the chance for some “fishing rights”!

7.  A Timber Holiday Chalet

Guide: £20,000

cheap auction property

Days Off, Military Road, Chilton Chine, Isle of Wight, PO30 4DA

Holidays can be such a hassle; all that packing, checking-in and tiny plastic bottles which aren’t enough to fit your life in.  So it’s refreshing to find an alternative – a wooden shack.

8. A Shell of a Detached House

Guide: £8,500

cheap property

19 Rockstown Road, Carrickmore, Omagh, BT79 9BE

You really shouldn’t kid yourself with the finishing works this project needs – it’ll need far more than just some glass in the holes.  You may as well add “starting works” to that list as well!

9.  A Repossession in Hartlepool

Guide: £20,000

cheap property

12 Tenth Street, Blackhall Colliery, Hartlepool, Cleveland, TS27 4EY

Sadly, it doesn’t matter how cheap things are – sometimes even just a penny is too much to manage.  But, if you can scrabble together a few quid, you could buy this two bed mid terrace which should rent for around £350 per month.

10. Freehold Ground Rents and Land

Guide: £15,000

cheap property

102-104 Station Road, Harrow, Middlesex, HA1 2RX

For such a measly price, it’s odd to think you can buy the whole Freehold of the building including the land and parking spaces.  Of course, you can’t live there – but you can charge Ground Rent for the privilege: £1,650 per annum.

11.  A Long Leasehold Blackburn Investment

Guide: £20,000

cheap property

77 High Street, Rishton, Blackburn, Lancashire, BB1 4LD

You may well turn your nose up at a High Street location and a house that was clearly a shop – but given it’s already let to a long term tenant at £300 per month – you could get your money back in just over 5 years.

12. A Spinney in Bedfordshire

Guide: £11,000

cheap property

Spinney at Park Road, Moggerhanger, Bedford, Bedfordshire, MK44 3RN

A “Spinney” sounds so exciting like some sort of magical wizard cavern – until you google it and learn it’s “a small area of trees and bushes”.  Anyway, you get 1.13 acres.  But it seems there may be development potential given the clawback provisions. 

13.  Long Leasehold 1st And 2nd Floor Self-Contained Tenanted Flat with Development Potential 

Guide: £17,000

cheap property

113A Bethania Street, Maesteg, Mid Glamorgan, CF34 9EJ

I’m not sure what the view would be like from the box bay window, but I like to think of the tartan scatter cushions I could make myself cosy on to admire the Welsh Valley views.  Alternatively, I could just collect the £93 per week rent.

14. A Former School

Guide: £5,000

cheap property

Former Old Collins School, Moneybrannon Road, Aghadowey, Coleraine, BT51 4AA

I was never big into Grange Hill, but I like to think this could make an ideal setting for a catchy combo reality TV mix: “Help, My School Is Falling Down”.  Once the show’s a hit you could run tours and get visitors to do the work. Savvy.

15. Detached Garage And Land

Guide: £2,500-£7,500

Land rear 200 Teignmouth Rd

Building and land rear of 200 Teignmouth Road, Torquay, Devon, TQ1 4RX 

You can just tell by the way the sunlight bathes this garage that it’s somewhere by the sea.  Of course, in London they’d likely think you’ll live in this, but I’m not sure the Devonians are ready for garage dwellers yet.

16.  A 1000 Year Leasehold Three Bed House

Guide: £15,000

cheap property

8 Meadowdale Close, Middlesbrough, Cleveland, TS2 1TJ

The last time I went to Middlesbrough I learned they did “frothy coffee” not cappuccino and I got chased by wild horses on a housing estate.  That was the last time.  Maybe I was unlucky.

17.  Four Freehold Sites

Guide: £500

cheap property

Land between Casterton Road & Chatsworth Road, Stamford, Lincolnshire, PE9 2UH

Random is, as random gets.  £500 doesn’t buy you much in the property world – but who’s to know what you could ever do with a random bit of land in Lincolnshire.  And you have four of of them.

18. A Timeshare Bungalow in Prestigious Golfing Resort

Guide: £400-500

cheap property

Timeshare Week 4, Nampara (Lodge 17), Faldo Avenue, St Mellion International Resort, Saltash, Cornwall, PL12 6SD

I’ve never really understood timeshare property – my fear of being locked in a hotel function room with a shiny-faced guy promising me a free meal has not yet won me over.  But maybe I’ve missed out, here you even get free golf every day!

19.  A Welsh Lake

Guide: £15,000

cheap property

Carregdio Lake, Llanidloes, Powys, SY18 6SY

If you’ve got a kayak this lake would make a perfect property purchase – although with 2.87 acres you could probably fit bigger floaty things on it.  Alternatively, enjoy the serenity and take up painting – or maybe even water colouring.

20. A Three Bedroom Repossession in Dewsbury

Guide: £25,000

cheap property

3 Craven Street, Dewsbury, West Yorkshire, WF13 3DN

I don’t know Dewsbury – but I do know I like the look of the honey coloured stone – plus the double glazing is a bonus.  I’m sure there will be work to do, but it seems a cheap price tag for the property – especially if it rents for £450 per month.

21.  A Shop in Grimsby

Guide: £9,000+

cheap property

19 Freeman Street, Grimsby, South Humberside, DN32 7AB

I don’t think Grimsby is on the top of many entrepreneurs wish list for dream retail locations – but when you’re bootstrapping needs must.  Anyway you never know, with consent, you may be able to do something else with the building.

22. Head Lease Investment in Bournemouth

Guide: £7,000

cheap property

Head Lease to Knyveton House, 2 Knyveton Road, Bournemouth, Dorset, BH1 3QW

I really love pic ‘n’ mix and this is a veritable goodie bag; the 999 Head Lease has granted an Under Lease for 125 years to collect Ground Rent of £1,350 per year from the Leasehold flats, on top of that you get a car parking space and Overage Rights to any potential planning gain for the air space.  Sweet.

23. Tenanted Bungalow in Bishop Auckland

Guide: £20,000
cheap property

This one bedroom bungalow may not be much – but then that means there’s less to go wrong!  Let on an AST at £88 per week and all being well, you’ll see your investment back in just over 4 years.

24.  A Carpet Showroom in Porth

Guide: £20,000

cheap property

69B Cymmer Street, Porth, Mid Glamorgan, CF39 9BE

Carpet showrooms are probably only useful if you have carpets to flog.  But, don’t despair if you’re carpet-less – you could always turn this showroom into a different retail store – or maybe even back into a house.

25. A Long Leasehold Garage In London

Guide: £15,000

cheap property

Garage 25, Felbridge Close, Leigham Court Road, Streatham, London, SW16 2RH

I know you didn’t expect to see a cheap auction property list and have anything in London on it – but here you go; it’s not much – but I wouldn’t be surprised if you could rent this garage out for as much a terraced house up North.

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