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.