Auction properties: get a bargain - they are out there

North, south or central, the capital has housing opportunities just waiting for brave buyers willing to bid for a family home or a sure-fire investment. Samantha Collett selects the lots that are not to be missed
Auctions Peckham
£305,000-plus: move over Del Boy, this three-bedroom terrace in Peckham is a real bargain if you are prepared to do a bit of work
Forget the Del Boy quips, as only a fool would pass up the opportunity of this three-bedroom Victorian mid-terrace house in Peckham with a guide price of £305,000-plus.

In need of updating, this property offers good value. Agents in the area believe the end value could be in the region of £400,000-£450,000.

Since the opening of the East London line extension, which gets you into London Bridge in just seven minutes, Peckham is rapidly regenerating, with a new breed of home buyers and an onslaught of delis and cafés.

With family homes, green open spaces (including the newly revamped Burgess Park) and great transport links, it's not hard to see why Peckham is fast becoming a property hot spot.

Fenham Road is a residential street about half a mile from Queens Road Peckham train station (Zone 2), from where you can do that seven minute zip to London Bridge.

The amenities of Peckham High Street are within a quarter of a mile, leading to the popular Bellenden Road area and Peckham Rye station (also Zone 2).

Who: through Strettons (strettons.co.uk)
What: Lot 48: Fenham Road, Peckham
Where: Grand Connaught Rooms, Great Queen Street, Holborn
When: May 20

Auctions harringay
£250,000-plus: this three-bedroom house in Harringay Road is currently let for £1,500 a month, providing an immediate income stream
Hungry for Harringay
North London is always a popular choice and this three-bedroom house in Harringay Road will be no exception, especially with a guide price of just £250,000-plus.

The property is currently let for £1,500 a month so if you want an immediate income stream this could produce some healthy rental yields.

If you prefer vacant possession, the contract is now a rolling periodic tenancy, so there is the possibility to occupy the property, subject to serving the correct notices.

Given that house prices in the Harringay Ladder area are topping £600,000, increased numbers of buyers are now looking to nearby Harringay Road for more affordable properties. Estate agents claim the ripple effect is hitting quickly — so now seems a great time to buy.

Harringay Road is well-located for the diverse range of shops on Green Lanes and is equidistant between Turnpike Lane Tube and Harringay Green Lines station (Zone 3) half a mile from the property.

Who: through Strettons (as before)
What: Lot 6: Harringay Road, Harringay
Where: Grand Connaught Rooms, (as before)
When: May 20

Auctions
£550,000-plus: Leyden Street property offers development potential
Spitalfields: edge of the city
Sandwiched between Liverpool Street station, Aldgate and Shoreditch High Street, this freehold four-storey building, with a guide of £550,000-plus, offers approximately 1,367 square feet of mixed-use commercial and residential accommodation.

Leyden Street is in the conservation area on the edge of the City. The ground-floor commercial space is currently vacant offering potential for owner occupation or increased income when let.

The upper three floors are self-contained (with own street door) and let to four individuals on an assured short-hold tenancy for £2,166.66 a month.

Entire freehold properties in this part of London are scarce and residential freeholds in nearby streets such as Wilkes Street, regularly fetch in excess of £2 million.

Zone 1 transport connections are all on your doorstep and there are a wealth of amenities right outside your front door, not to mention Old Spitalfields Market, Petticoat Lane, and the über-chic cool of Shoreditch.

Who: through Strettons (as before)
What: Lot 27: Leyden Street, Spitalfields
Where: Grand Connaught Rooms (as before)
When: May 20

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