Southampton property auction season kicks off in two weeks

The auction season kicks off on the 11th of February with Clive Emson auction taking place in the Ageas Bowl www.cliveemson.co.uk and with Fox and Sons auction on the following day in the Botley Park Hotel  www.foxandsonsauctions.co.uk.

Fox and Sons have this freehold investment property in Shirley and are guiding £125k

This semi detached property was converted in the late 1980's into 2 x 1 bedroom apartments and is well located for access to Shirley High Street and its excellent amenities. Regular bus services pass along Shirley High Street,central Southampton and the General Hospital are just a short drive away. Planning was approved for this conversion on 15th February 1989.The ground floor flat is let at £465pcm and the first floor flat at £505pcm. Total annual income is £11,640 and Gross Yield  9.3%.

The property offers a lot of potential to refurb with a potential rental income of £15,000.

Clive Emson has this freehold semi on Malmesbury Rd, Shirley for auction guiding £150k / £160k

 

 

The property has been converted to provide two studio rooms with shared facilities and a self-contained one bedroom flat. The property is well located in a popular letting area and would suit continued use as a letting investment, alternatively conversion back to a single dwelling, or for further development, subject to all necessary consents being obtainable could be considered. Current rental income is £11,880 which produces a gross yield of c7.7% . A conversion to two 1 bed units could produce an income of £15,000 ( subject to consent ).

 

These are well located properties that will attract strong tenant demand. We can't get enough good 1 bed units which will easily let at the £600 to £625pcm level. If you fancy getting your hands dirty they could be for you!