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Bag a bargain at the Christmas property auctions: London lots listed for less than £100,000

Bag a bargain at the Christmas property auctions: London lots listed for less than £100,000

Visit an auction this month and pick up a bargain property. We’ve previewed the catalogues and found a bundle of opportunities including an investment property on Fulham Broadway and a building plot in Catford.

INVESTMENT OPPORTUNITY ON FULHAM BROADWAY

Fancy a Foxtons and six flats above on Fulham Broadway? Well, here's your chance. This Ground Rent Investment is up for grabs with a guide price of PS25,000. 

Auction property in Fulham Broadway

Sadly, at that price you don't get the option to move in - but you would be the Freeholder - which means you get to own the building and the land on which it sits. This means the Leaseholders in the building (the six flats and Foxtons) have to pay you Ground Rent every year for the use of your land. This currently totals PS2,100 and a peppercorn. 

The long Leaseholds mean it will be a while before you get to benefit from any valuable reversions - but in the meantime this could provide a solid income stream in an ever fashionable part of town.

Location: 55 Fulham Broadway, Fulham, London, SW6 1AE

Guide Price: PS25,000

Auction House: Savills 020 7824 9091; auctions.savills.co.uk

When: 10 December 2013


CHISWICK COMMON ON YOUR DOORSTEP

Looking for a cut-price creative challenge? How about this former office premises and land located off Chiswick High Road with a guide price of PS25,000?

Auction property in Chiswick

Admittedly, the land is actually a back street and the former office is two rooms measuring 10ft 6 x 5ft 7 and 8ft 3 x 5ft 7 with a separate toilet. But, if you've got imagination I'm sure something could be done. And I doubt you'll want for any outside space - given you're almost on the doorstep of Chiswick Common!   

Location: Windmill Mews, Chiswick, London, W4 1RW

Guide Price: PS25,000

Auction House: Athawes Son & Co 020 8992 0056; athawes.co.uk

When: 9 December 2013


SWEET PICKINGS IN CAMBERWELL GREEN

This purpose built ground floor flat may not be to everyone's taste - but at just PS95,000 in Camberwell this has got to be worth a closer look. And when you look - you'll be surprised to learn Picton Street is just moments away from the bustling heart of Camberwell Green. 

Auction property in Camberwell

What's more, the flat benefits from a long lease and a low Ground Rent of just PS10 per annum. Given flats in neighbouring blocks are changing hands in excess of PS165,000 and renting for around PS950 per month this seems a sweet deal.

Location: 1 Shirley House, Picton Street, Camberwell, London, SE5 7PQ

Guide Price: PS95,000

Auction House: Savills 020 7824 9091; auctions.savills.co.uk

When: 10 December 2013


CHEAP CITY LIVING IN CROYDON

This property proves you can do city living on a shoe-string. With an attractively low guide price of just PS55,000 you get your own front door with this studio flat in Croydon. Admittedly it's not big or fancy - but it is well connected.

Auction property in Croydon

It's also presented in reasonable condition and with a long 125 year lease. At 290 sq ft this flat offers a great start onto the housing ladder or an ideal rental investment. Rectory Grove is well located for a variety of trams, trains, shops and facilities and is just moments from the green open space of Wandle Park.

Location: Flat 2, 37 Rectory Grove, Croydon, CR0 4JA

Guide Price: PS55,000

Auction House: Savills 020 7824 9091; auctions.savills.co.uk

When: 10 December 2013


BUILDING PLOT IN CATFORD

Self-build is massively popular and it's easy to see why: you get to build the house of your dreams for half the cost. The beauty of this 1,695 sq ft building plot in Catford is that it has planning permission for the erection of a three-storey, three-bedroom house and cycle store.

Auction plot in Catford

Not only does that mean you know you can build there - with the all-important planning permission in place - it means you can raise finance to buy the land and build the house.

Location: Site at 1 Blythe Hill, Catford, London, SE6 4UJ

Guide Price: PS100,000

Auction House: Savills 020 7824 9091; auctions.savills.co.uk

When: 10 December 2013

 

 
 

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