Investment opportunities as buy to let properties go under the hammer

Prospective landlords have the chance to buy a number of prime properties in Nuneaton this week, all with tenants already in place.

A portfolio of rented homes in the residential area of Stockingford will go under the hammer on Thursday at the next Loveitts’ auction.

The line-up of tenanted properties include five semi-detached homes in Radley Drive – all of which come with a guide price of £95,000 – £115,000 each.

Theportfolio of properties also include a number of homes in the town’s Heath End Road. All with three bedrooms, with guide prices of £80,000 to £95,000.

Sally Smith, director and auctioneer at Loveitts, said: “These properties in Nuneaton are being sold by one vendor and are fully-tenanted bringing in a rental income of between £5,400 and £6,000 a year.

“This is an incredible investment opportunity for either one prospective landlord or several. These ‘ready-made’ buy-to-let properties also represent an ideal opportunity for a first-time landlord, who is keen to make those first steps onto the property ladder.

“The rental market in Nuneaton is booming right now and we are seeing a real growth in buy-to-let properties. The town is also an attractive location for renters as it enjoys strong links to surrounding towns and cities, as well as a bustling town centre and good schools.”

The auction will be held at the Village Urban Resort, Canley, Coventry, on Thursday 20th September at 6.30pm.

Click here to sign up to receive our new South West business news...
Close