Investors Eye December Property Auction


Posted on Tuesday, November 10, 2020

Investors Eye December Property Auction

Property hunters will have the chance to bid for a wide selection of investment properties in Harrogate and Leeds at the FSS online property auction in December.

The lots include a luxury three bedroom apartment on Clarence Drive in the stylish gated community of Windsor Court on the edge of the exclusive Duchy area of town will be of interest to both buy to let investors and those looking for a superbly appointed apartment in the centre of town. Guide price £290,000.

Another well-presented town centre apartment on Harlow Moor Drive, close to the Valley Gardens and Cold Bath Road, would also suit owner occupiers and potential landlords. The recently converted two bedroom property on Harlow Moor Drive has a guide price of £150,000.

Just around the corner on Harlow Terrace, there is a rare opportunity to purchase a one bedroom ground floor apartment which is ready to move into and has its own rear courtyard garden. The guide price is £130,000. 

Nearby on Valley Drive, overlooking the Valley Gardens, there is a chance for an investor to purchase a one bedroom apartment which is let on an assured periodic tenancy at the rental of £480.00 per calendar month. Guide price £110,000.

In the heart of Harrogate town centre on Cheltenham Parade is a spacious two bedroom duplex apartment which is in good condition and neutrally decorated, making it suitable for owner occupiers and buy to let landlords. Guide price £120,000.

In the Starbeck area of Harrogate, a two bedroom terrace house on Avenue Terrace is going under the hammer. The property has previously been rented producing an annual income of £8,400 which equates to a 6% return based on the guide price of £140,000.

The auction also provides a unique opportunity to buy a piece of land on the banks of the River Nidd at Abbey Road, Knaresborough. With direct access by path from Abbey Road, the small piece of land comprises a landing stage of approximately 1.8 m x 1.2 m with full Riparian Rights. Guide price £15,000.

In Leeds, two separate two bedroom terrace homes will be offered for sale at the online auction, both of which are currently rented on assured shorthold tenancies and provide excellent opportunities for existing landlords wishing to expand their property portfolio as well as new buy to let investors. Lot 5 on Woodview Road in Hunslet has a guide price of £69,000 and lot 6 on Compton Row in Harehills has a guide price of £66,000. 

Following the success of FSS’s October auction, which saw every lot sell above the asking price, demand for property - in Harrogate in particular - is clearly very high at the moment and lively bidding is anticipated on December 3rd.  You can view the auction live on the day from 3pm here.

If you would like to bid for one of the lots, please register at least 24 hours in advance of the auction by completing this online remote bidding form. All properties have virtual viewings available on the FSS website. To arrange an in person viewing please call 01423 501211.