Nineteen residential properties in the Wavertree district of Liverpool will go under the hammer at Eddisons’ next Manchester property auction, which takes place at Old Trafford on 8 December.
The properties, which are all tenanted and let to students, include a nine-bedroom property at 123 Garmoyle Road, with a guide price of £170,000, fully let and generating an income of £25,000 a year from its student tenants. At 4 Gresford Avenue, another eight-bedroom, fully-let property brings in a gross annual income of £25,152 a year and is guided at £160,000 to £170,000.
The 17 other rental properties also due to go under the auctioneer’s hammer range from, at the lower end of the scale, a four-bedroom terraced house on Fingland Road, with a guide price of £70,000 to £80,000 and an income of around £9,500, to a six-bedroom student house on Langdale Road, guided at up to £150,000 and with an income of £18,720.
Rob Limbert, director and auctioneer at Eddisons, said: “The large proportion of buy-to-let properties in this auction offers potential investors a good range of opportunities, generating some sound returns.
“Given the recent announcement of a 3 per cent increase in stamp duty on buy-to-let properties, from next April, we’re seeing a lot of interest from buyers keen to beat the deadline and I’m sure there will be some pretty competitive bidding on the day.”
Also included in the auction are a number of properties across the North West, including a two-bedroom terraced house in Burnley with a guide price of £15,000; a two-bedroom terraced house in Nelson with a guide price of £20,000 and a two-bedroom apartment in Warrington guided at £55,000.
In total, 90 lots of residential and commercial property and development land, across Yorkshire and the North of England - with a total guide price in excess of £9.5m - will be auctioned by Eddisons in Manchester and Leeds on 8 and 10 December.
The Manchester auction will take place on 8 December at The Ferguson Suite, Premier Inn, Sir Alex Ferguson Way, Trafford Park.
''Given the recent announcement of a 3 per cent increase in stamp duty on buy-to-let properties, from next April, we’re seeing a lot of interest from buyers keen to beat the deadline''
Robert joined Eddisons' property auctions team in 2004 as a senior surveyor and is now a Director and Auctioneer based in the Leeds office. The property auction division organises around 15 auctions a year in Leeds and Manchester and sold £30m of property at auctions in 2015. Previously, Rob worked for Ashtenne Industrial Fund and has more than 17 years’ experience in property.